Baidu beats Q2 estimates

Baidu Inc. (BIDU) reported its unaudited Q2 results on Tuesday. The Chinese technology company topped both revenue and earnings per share estimates for the quarter. Revenue reported at $4.424 billion for Q2 (down by 5% year-over-year) vs. $4.395 billion expected. Earnings per share at $2.36 per share for the quarter vs. $1.59 per share estima...

August 31, 2022
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Is the price of wheat ready to bounce?

  The price of wheat is finally starting to show positive signs after an aggressive sell off that has been ongoing since May 2022. There is hope that the price of the commodity may begin to climb again with the price finally finding some support.  The price has been impacted by growing fears that production may slip may increasing volatili...

August 30, 2022
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Jackson Hole Symposium set to get underway today

  The Kansas City Federal Reserve is set to host the 45th Annual Symposium at Jackson Hole Lodge in Wyoming’s Grand Teton National Park. Some of the countries and world’s most important central bankers, economists, and academics will be meeting to discuss the biggest issues facing the global economy. The key issue on the agenda is of ...

August 26, 2022
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How to develop a good training plan?

Trading FOREX, equities, commodities, and any other asset can be an emotional rollercoaster. With so many different emotions and external factors difficulties impacting a trade, it is crucial that before any trade is executed a trading plan is produced to minimise the impact of the ‘noise’.     Generating the Idea   ...

August 25, 2022
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Salesforce financial results announced

Salesforce financial results announced Salesforce.com Inc. (CRM) reported its latest financial results for its fiscal second quarter on Wednesday. World’s leading customer relationship management (CRM) company reported revenue of $7.72 billion (up 22% year-over-year) vs. $7.692 billion expected. Earnings per share also topped analyst est...

August 25, 2022
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Results are in – NVIDIA reports

Results are in – NVIDIA reports NVIDIA Corporation (NVDA) announced its second quarter results after the closing bell in the US on Wednesday. The US technology giant reported revenue that exceeded analyst expectations at $6.704 billion for the quarter vs. estimate of $6.699 billion. Earnings per share reported at $0.51 per share, narrowl...

August 25, 2022
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Is there further pain in store for Bitcoin?

The recent price action of the Bitcoin suggests that the leading cryptocurrency may be ready for another sell off. Since last November when the currency peaked it has seen a sharp decline with retracements along the way. With inflation and recessionary pressures prevalent short-term volatility remains high as the market determines how to price the ...

August 24, 2022
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XPeng results are here – the stock price is falling

  XPeng Inc. (XPEV) reported its unaudited Q2 financial results on Tuesday. The Chinese electric vehicle company reported revenue of $1.11 billion for Q2 (up by 97.7% from Q2 2021) vs. $1.09 billion expected. World’s 27th largest automaker reported a bigger loss per share than expected at -$0.47 loss per share for the quarter vs. -$...

August 24, 2022
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EUR continues to tumble as energy crisis worsens

The Euro has fallen to 20-year lows as it deals with increasing energy prices and increased bond yields as recession fears rise again. Across both the UK and Europe inflation has been especially high even compared other countries such as Australia and the USA and in response, the EUR has taken a large hit. The recent spike in energy prices has brou...

August 23, 2022
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Zoom reports Q2 results – the stock dips

Zoom Video Communications Inc. (ZM) reported its latest financial results after the market close on Wall Street on Monday. The US communications technology company reported revenue of $1.10 billion for the second quarter (up by 8% year-over-year), falling short of $1.117 billion expected. Earnings per share reported at $1.05 per share vs. $0....

August 23, 2022
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Deere & Co. results announced

Deere & Co. (DE) reported its financial results on Friday for the third quarter ended July 31, 2022. The American manufacturer of farm machinery and industrial equipment reported revenue of $13 billion for the quarter, slightly above analyst estimate of $12.927 billion. Earnings per share fell short of estimates at $6.16 per share vs. $6....

August 22, 2022
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Qantas outlook report

      Overview   Qantas is Australia’s national carrier and the largest and oldest airline in the country. With the Qantas group comprising of Jetstar, Qantas, QantasLink, its frequent flyer service and a freight service, the airline is the sector leader domestically and a global competitor in the international aviatio...

August 19, 2022
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AUD drops on Employment Figures

The Aussie Dollar has seen a drop in its price due to wage and unemployment data released over the past day and a half. The economic data shows that unemployment has fallen to its lowest level in nearly 50 years with the jobless rate at 3.4% compared to analysts expecting the figure to remain at 3.5%. Wages also rose modestly in the last quarter to...

August 18, 2022
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Target falls short in Q2 – the stock is down

Target Corporation (TGT) reported its second quarter earnings results before the opening bell on Wall Street on Wednesday. The US retailer reported revenue of $26.037 billion (up 3.5% year-over-year), which was slightly above analyst estimate of $26.032 billion. Earnings per share reported at $0.39 per share (down 89.2% year-over-year) vs. $0...

August 18, 2022
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Walmart tops expectations for Q2 – the stock is up

Walmart tops expectations for Q2 – the stock is up Walmart Inc. (WMT) announced its Q2 financial results before the market open on Wall Street on Tuesday. World’s largest supermarket chain reported results that exceeded analyst expectations, sending the stock price higher. The company reported revenue of $152.859 billion (up by 8.4% ye...

August 17, 2022
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