Category Archive: Finance, No picture
Union Pacific – Margins Improved Despite Sluggish Volumes
Image Source: Unsplash Railroad classes (Class I, II or III) are the system by which freight railroads are designated in North America. The Surface Transportation Board in the US assigned classes according to annual revenue criteria originally set in 1992. With annual adjustments for inflation, the 2019 thresholds were ~$0.505B for Class I carriers and ~$40.4 million for Class […]
Elliott Wave Technical Forecast: Unlocking ASX Trading Success: Fortescue Ltd
Image Source: Unsplash ASX: Fortescue Ltd – FMG Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with Fortescue Ltd – FMG. We’ve identified that wave ((ii)) in green has recently bottomed out, and wave ((iii)) in green is now unfolding to push significantly higher.ASX: Fortescue Ltd […]
Bear Of The Day: PENN Entertainment
Image Source: Unsplash PENN Entertainment (PENN – Free Report), a Zacks Rank #5 (Strong Sell), provides integrated entertainment, sports content, and casino gaming experiences. It operates online sports betting and an online casino under brands such as Hollywood Casino, ESPN BET, and theScore Bet Sportsbook.The company’s portfolio also includes PENN Play, a customer loyalty program that offers a […]
What Economic Research Do Policymakers Want?
Image Source: Pexels The obvious answer is that policymakers want research that supports their personal and political preferences. Conversely, policymakers don’t want research that might pressure them to change their views.But with that central truth duly noted, situations often arise where policymakers have an overall goal, but the details of how to achieve that goal, or […]
Czech National Bank Minutes: Inflationary Risks Emerge
The Czech National Bank board assessed the risks and uncertainties in the outlook as moderately inflationary. We consider another 50bp cut at the next meeting as the most likely option for now, but the pace of monetary easing is expected to slow down thereafter. Inflation outlook assessed as moderately inflationaryAt its last meeting, the CNB board lowered the policy […]
TerrAscend Reports 64% Reduction In Net Loss In Q1 Financial Report
Image Source: Unsplash TerrAscend (TSNDF) has reported its financial results for the first quarter (Q1) ended March 31, 2024. All financial information is provided in U.S. dollars unless otherwise indicated and compared with the previous quarter. Q1 Financial Highlights Net Revenue: DOWN 6.9% to $80.6M Gross Profit: DOWN 7.4% to $38.7M Gross Profit Margin: Down to 48.0% from […]
BP Sets Cost Saving Goal As Weak Seasonal Pattern Begins
Image Source: Unsplash BP’s latest earnings, released on Tuesday this week, saw both it’s quarter profits and cash flow fall more than expected. Operating cash flow, standing slightly above $5 billion, marked its lowest point since Q4 2020, significantly falling short of the average analyst projection of $6.72 billion.Meanwhile, net debt surged by over $3 billion, […]
UK Economy Surges Back Into Growth In The First Quarter
Image Source: Pexels Rising real wages, an easing of the recent mortgage squeeze, and high economic migration have helped lift the UK economy back into growth. First quarter growth was massiveThe UK economy powered out of its technical recession in the first quarter, judging by the initial GDP figures released today. The economy expanded by a […]
Russian opposition activist launches zero-knowledge voting app to challenge Putin’s inauguration
Russian opposition activist and former Pussy Riot lawyer Mark Feygin has launched a referendum on the zero-knowledge voting app Russia2024, challenging the legitimacy of the recent Russian elections and Vladimir Putin’s inauguration as president.The vote, which went live on May 10th, three days after Putin’s inauguration, is the first protest vote on the app following […]
GBP/USD Rises To Near 1.2540, Driven By Higher UK GDP
GBP/USD edged higher to near 1.2540 during Asian hours on Friday, buoyed by the release of higher-than-expected UK Gross Domestic Product (GDP) data for the first quarter. GDP (QoQ) rose by 0.6%, reversing the previous quarter’s decline of 0.3%, surpassing expectations of a 0.4% increase. Additionally, GDP (YoY) increased by 0.2%, rebounding from the previous […]
