5 big earnings reports: Palo Alto soars, Coinbase beats | Pro Recap

1 month ago Investing.com

Palo Alto soars on Q2 beatPalo Alto Networks (NASDAQ: ) shares surged more than 8% pre-market today after the company delivered better-than-expected Q2 results. came in at $1.05/$1.7 billion, compared to the consensus estimate of $0.78/$1.65B. For Q1/23, the company expects EPS in the range of $0.25-$0.26, missing the consensus estimate of $0.36. came in at $1.70, better than the consensus estimate of $1.39. Revenue was $1.78B, compared to the consensus estimate of $1.74B.
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European Stock Futures Weaken; U.K. Political Chaos, Recession Worries Weigh By Investing.com

At 02:00 ET (06:00 GMT), the contract in Germany traded 1.1% lower, in France dropped 0.9% and the contract in the U.K. fell 0.5%. European equity markets are expected to follow the lead from the U.S. after the negative close on Wall Street Thursday and the losses in Asia overnight. This followed U.S. Treasury yields rising to 14-year highs as the prospect of further aggressive interest rate hikes from the , likely plunging the world’s dominant economy into recession, soured investor sentiment. U.S. crude oil inventories fell surprisingly last week, suggesting demand in the world’s largest economy remained steady despite rising prices. Additionally, fell 0.7% to $1,625.75/oz, while traded 0.1% lower at 0.9776.

5 months ago Investing.com

U.S. carriers add transatlantic flights for travel-hungry consumers By Reuters

Starting this month, Delta plans to operate more transatlantic flights than it did before the pandemic. Travel website KAYAK said searches for international travel, including to Europe, from the United States are up nearly 40% from last year. United said the transatlantic travel demand has remained "incredible" into the fall. JetBlue last month said its flights to London from the United States are fully booked. American carriers also have a lower exposure to exchange rate risks as the bulk of their revenue tends to be dollar-denominated.

5 months ago Investing.com

ABCs not LGBTs: Battles over race, gender inflame Texas school board vote By Reuters

A sign promoting conservative school board candidate Don Zimmerman sits along North FM 620 in Round Rock, near Austin, Texas, U.S., October 12, 2022. Blood-sport politics have come to school board elections in Round Rock, a rapidly growing and diversifying suburb of Austin. Zimmerman is running against incumbent Tiffanie Harrison, a progressive and the first Black woman elected to the Round Rock school board. Ryan Girdusky, who founded the 1776 Project, estimated about 70% of his school board candidates have won in elections held so far this year. FOLLOW THE MONEYIn school board races where name recognition may be the largest factor, a few thousand dollars can make a difference.

5 months ago Investing.com

Exclusive-Activist investor Peltz meets possible Unilever CEOs By Reuters

Along with other consumer goods companies, Unilever has faced a surge in labor, freight and ingredients costs. Billionaire Peltz in recent weeks met two possible contenders to replace Jope, one of the sources said. FLORIDA TALKSEven before Jope announced his departure, Peltz met with a former consumer goods CEO in Florida, one of the sources said. In the last month, Peltz and his team also approached another former consumer packaged goods CEO about the Unilever job, the source said. Peltz supports Unilever's sustainability strategy, including a plan to decarbonize the company's business units, Unilever has said.

5 months ago Investing.com

Breaking: Binance Enters Agreement to Acquire FTX

BTC/USD -10.17% Add to/Remove from Watchlist ETH/USD -19.18% Add to/Remove from Watchlist COIN -10.78% Add to/Remove from Watchlist HOOD -19.04% Add to/Remove from WatchlistBinance has entered into a non-binding LOI to fully acquire crypto exchange FTX. This afternoon, Changpeng Zhao (CZ) of Binance announced his company signed a non-binding letter of intent (LOI) to acquire Sam Bankman-Fried’s (SBF) FTX fully. Binance Signs LOI to Acquire FTXIn his tweet, CZ explained his company entered a non-binding LOI to acquire FTX due to a “liquidity crunch” faced by FTX. On Saturday, Nov. 5, it was reported that an unknown wallet initiated a transfer of nearly $585 million (22,999,999 FTT) from FTX to Binance. CZ later confirmed that the transaction came from his company and that Binance was liquidating its FTT.

4 months ago Investing.com

Week Ahead: All About The Fed And Nonfarm Payrolls

It will be another busy week filled with earnings that will likely confirm the slowdown being seen across the economy. The Eurozone releases its inflation report on Monday. The highlight of the week will be the Bank of England’s rate decision on Thursday. This meeting could have some added volatility as the general consensus leans towards a 25bp rate rise, but a half-point increase should not be ruled out. A dovish rate rise could allow for dollar weakness which could keep oil prices supported here.

5 months ago Investing.com

Oil nosedives, with Brent breaking below $90 on China COVID news By Investing.com

Crude prices hit 14-year highs in March, with Brent just shy of $140 and WTI tipping just over $130. The OPEC+ ordered production cuts sent Brent up again almost $100 two weeks ago and WTI reached above $93. The global crude benchmark fell 6.2% on the week after last week’s tumble of 2.6%. “Oil prices are getting punished as crude demand concerns show no signs of easing,” said Ed Moya, analyst at online trading platform OANDA. “Some of the geopolitical risk that sent oil higher earlier this week is coming off the table,” Moya added.

4 months ago Investing.com

China coal trade disrupted by COVID outbreaks as winter looms By Reuters

But China's top three coal production regions have reported hundreds of COVID cases in recent weeks, data from the country's health commission showed, disrupting coal trade. "Coal mines have to lower operations or even shut down if they cannot find trucks to transport their production out," said a Zhungeer-based coal trader. Two coal mines in Wuhai city in Inner Mongolia suspended production two weeks ago, said people managing the mines. At major ports coal inventories have also fallen by 3% since late September, data from the China Coal Transportation and Distribution (CCTD) agency showed. 'DELICATE BALANCE'Spot prices for 5,500 kilocalories thermal coal are up 9% on the month, hitting a seven-month high of 1,650 yuan ($228.26) a tonne, according to coal traders.

5 months ago Investing.com

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