Coinbase Set for Growth at End of ‘Crypto Winter’: NY Bank – Coinbase…
new York-based investment bank HC wagner‘S Analysts have proclaimed the end of “crypto winter.” What happened: Wainwright Analyst Mike Colonnese observed in a note sent to investors on Wednesday that overall cryptocurrency prices are up 45% year-to-date, helped by a 67% surge in the price of Bitcoin BTC/USD. Colonnese, noting that the market has now […]
McCarthy Plan May Raise Unemployment, Slow Growth: Moody’s
speaker Kevin McCarthys deficit reduction plan would significantly slow economic growth and increase unemployment next year if it goes into effect, according to an analysis by Moody’s Analytics allegedly said. What happened: The research unit headed by Mark Zandi estimated that gross domestic product in 2024 would rise 1.6% in the fourth quarter from the […]
Truist Financial Clocks 15% Revenue Growth in Q1 – Truist Fin…
Truist Financial Corporation TFC Revenue grew nearly 15% year over year to $6.1 billion in the first quarter, beat the consensus of $6.09 billion. Net interest income increased 22.1% year over year to $3.9 billion for the quarter, while noninterest income increased 4.3% year over year to $2.23 billion. The provision for […]
Canopy Growth Refinances $100M of Notes Due 2023 – Canopy Gwth…
Canopy Growth Corporation WEED C.G.C announced on Friday that this is the case entered into an exchange agreement with Greenstar Canada Investment Limited Partnership, a wholly owned subsidiary of Constellation Brands, Inc. in order to Cancellation of the aggregate principal amount of CA$100 million ($73.9 million) of the Company’s outstanding 4.25% unsecured notes due 2023. […]
Northern Technologies Watches 9.1% Revenue Growth In Q2; Predicts NTIC…
Northern Technologies International Corp NTIC reported revenue of $18.27 million for the second quarter of FY23, a year-over-year growth of 9.1%, missing the estimate of $20.40 million. ZERUST revenue increased 10.1% year over year to $14.46 million. The company reported gross profit of $6.40 million, up 28.5% Y/Y, with a margin of 35.0%. […]
Levi Strauss posts 6% sales growth in Q1, helped by DTC segment;…
Levi Strauss & Co LEVI reported fiscal 23 first quarter revenue growth of 6% year over year to $1.69 billion, +9% on a constant currency basis, exceeding $1.62 billion consensus. DTC’s net income increased 12% year over year, driven by broad-based growth in both the company’s operated stores and e-commerce across all segments. […]
Ero Copper Shows Significant Near-Term Growth In 5-Year Updated Report
VANCOUVER, British Columbia, April 05, 2023 (GLOBE NEWSWIRE) — Ero copper corp ERO NYSE: ERO) (“Ero” or the “Company”) is pleased to provide an updated five-year operational outlook reflecting the Company’s continued execution of ongoing strategic growth initiatives, including projected first production from the Tucumã operation in 2024 and first production at Utilization of the […]
UP Fintech posts sequential revenue growth of over 15% in Q4 – UP…
UP Fintech Holding Ltd (NASDAQ: TIGR) on Wednesday reported revenue growth of 2.7% year over year for the fourth quarter of fiscal 22 to $63.85 million. The Sales up 15.2% Q/Q. Segments: Commissions were $24.9 million, down 16.5% Y/Y due to lower trading volume and market activity. Financing services fees were $2.7 million, […]
Fed faces ‘trilemma’ of inflation, growth and financial stability, says…
alliance Chief economic adviser and well-known economist Mohamed El Erian believes The federal reserve is not only facing a dilemma of inflation versus growth – it is staring at a trilemma in which financial stability is also a factor. What happened: “We have no good way out,” El-Erian told CNBC. The well-known economist believes the […]
Fed Officials Withdraw 2023 Growth Forecast: What It Means
federal reserve Officials expect economic activity to slow down for the remainder of the year, according to new economic forecasts released this week. Data shows authorities now expect the US to post 0.4% growth this year, up from the 0.5% growth rate they forecast in December. Bloomberg published the story first. At first glance, it […]