Tag: per
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Japan real wages up for sixth straight month in June
TOKYO, Aug 5 : Japan’s real wages grew 1.6 per cent in June from a year before, a sixth consecutive month of increases, government data showed on Wednesday, supporting the case for more rate hikes by the central bank.• Average nominal wages, or total cash earnings, rose 3.4 per cent to 531,677 yen ($3,373.6
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SpaceX revenue jumps in debut results as satellite, AI businesses surge
Aug 4 : SpaceX’s revenue nearly doubled, the rocket company said in its first earnings report since going public, fueled by its booming Starlink satellite communications and AI businesses, but executives flagged the spending spree underpinning its lofty ambitions is far from over.The company led by Elon Musk
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Match’s weak quarterly revenue forecast masks improving trends at Tinder
Aug 4 : Match Group forecast third-quarter revenue below Wall Street estimates on Tuesday, overshadowing signs of improvement in its struggling Tinder dating app and continued growth at Hinge, sending its shares down 9 per cent in extended trading.The weak outlook stems from the company’s Everyone Everywhere
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SpaceX’s first quarterly results as a public company beat expectations, but AI costs hit stock
NEW YORK, Aug 4 : SpaceX on Tuesday posted its first quarterly results as a public company, highlighting a 92 per cent rise in revenue on strong growth in its Starlink satellite-internet and AI businesses, and announced a datacenter-chip partnership with Nvidia.Revenue for the second quarter ended in June ros
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Trading Day: The only way is up
ORLANDO, Florida, Aug 3 : World stocks leaped to record highs on Tuesday, boosted by a relentless stream of strong U.S. and global earnings, with another slump in oil prices on Middle East peace hopes pushing down on bond yields and boosting investor sentiment also.In my column today, I dig deeper into Americ
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Yen holds most gains as intervention keeps speculators on edge
NEW YORK, Aug 4 : The yen slipped on Tuesday but held on to most of its gains from last week’s rare coordinated intervention by Tokyo and Washington.The Japanese currency had rallied as much as 5 per cent over the last three trading sessions, with Japan confirming coordinated yen-buying intervention on Friday
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Pinterest expects slower quarterly revenue growth as ad competition heats up
Aug 4 : Image-sharing platform Pinterest forecast slower revenue growth for the third quarter on Tuesday, signaling tough competition for digital advertising from bigger players including Meta’s Instagram, sending its shares down 6 per cent in extended trading.Pinterest has been expanding Performance+, its A
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Match’s weak quarterly revenue forecast clouds improving trends at Tinder
Aug 4 : Match Group forecast third-quarter revenue below Wall Street estimates on Tuesday, overshadowing signs of improvement in its struggling Tinder app and continued growth at its Hinge dating app, sending its shares down 9 per cent in extended trading.The weak outlook stems from the company’s Everyone Eve
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Yen eases but retains intervention-driven gains
NEW YORK, Aug 4 : The yen eased on Tuesday but held on to most of its gains from last week’s rare coordinated intervention by Tokyo and Washington.The Japanese currency had rallied as much as 5 per cent over the last three trading sessions, with Japan confirming coordinated yen-buying intervention on Friday w
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Caterpillar lifts 2026 sales growth forecast as AI buildout powers on; shares surge 12%
Aug 4 : Caterpillar raised its annual revenue growth forecast after beating second-quarter profit estimates on Tuesday, benefiting from a buildout of AI data centers that has spurred demand for its power-generation and construction equipment.Shares of the company were on track for their best day in over 17 ye
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