Written by Arunima Kumar and Arathi Somasekhar (Reuters) – Shall producers Pioneer Pure Sources and Devon Vitality on Tuesday tightened their stability sheets and warned of decrease drilling and completion exercise within the coming months after decrease oil and fuel costs dented their second-quarter earnings. U.S. shale oil producers have been compelled to cut back…
(Reuters) – Lumen Applied sciences reported an enormous quarterly internet lack of $8.74 billion on Tuesday, hit by an impairment cost of practically $9 billion within the second quarter. Shares of the Monroe, Louisiana, firm, which has misplaced greater than 61% of its worth this yr, fell greater than 8% in post-bell commerce. The corporate,…
by Xie Yu HONG KONG (Reuters) – Asian shares fell whereas US Treasury yields fell on Wednesday after score company Fitch Rankings unexpectedly downgraded the US’ sovereign credit standing. MSCI’s broadest index of Asia-Pacific shares fell 0.5%. Japan’s Nikkei fell 1.2%, whereas Australian shares fell 0.5%. Mainland China and Hong Kong fell 0.3% and 0.5%,…
By Kevin Buckland TOKYO (Reuters) – US Treasury yields fell in Tokyo on Wednesday after scores company Fitch downgraded the nation’s prime credit standing. The ten-year Treasury slipped about 3.2 foundation factors to 4.015% as of 0017 GMT, retracing a part of its 9 foundation level rise from Tuesday. In a single day, Fitch downgraded…
(Bloomberg) — Superior Micro Gadgets Inc. gained in late buying and selling after the chipmaker topped second-quarter estimates and noticed inroads in synthetic intelligence computing, placing it in nearer competitors with Nvidia Corp. Most Learn from Bloomberg Each gross sales and earnings beat analysts’ expectations final quarter, and AMD accelerators — a sort of processor…
Written by Max A. Cherny and Shafi Mehta (Reuters) – Superior Micro Units on Tuesday forecast a robust fourth quarter and expects to have synthetic intelligence units that may problem Nvidia chips by that quarter. Shares are up about 5% in after-hours buying and selling. “Our AI participation elevated greater than sevenfold within the quarter,…
Cruise shares tumbled on Tuesday, with Norwegian Cruise Line falling, after the corporate set a third-quarter earnings forecast that was narrower than Wall Avenue anticipated. Norwegian shares not too long ago fell greater than 12%, on observe to snap a four-day profitable streak and one of many S&P 500’s worst performances of the day. Carnival…
font measurement SoFi shares rose 20% on Monday. Justin Sullivan/Getty Photographs SoFi Applied sciences The inventory began the week sturdy, rising 20% on Monday after posting sturdy submitting numbers and dropping lower than anticipated. Second Quarteralong with strengthening monetary steering. However Wall Avenue is at all times wanting forward. SoFi (Inventory ticker: SOFI) says it…
Tupperware shares jumped greater than 25% in Tuesday’s buying and selling, persevering with the meteoric rise that has greater than quadrupled the inventory’s worth because the starting of July. The beneficial properties are harking back to the inventory meme mania that has gripped markets in recent times, when a speculative frenzy despatched shares of struggling…
font dimension ZoomInfo gives database data to company gross sales and advertising and marketing groups. Scott Eisen/Bloomberg ZoomInfo Applied sciences’ pessimistic monetary outlook has despatched panic amongst Wall Road analysts, who’ve lowered their inventory worth targets and pushed again their timetables for a restoration in software program spending. ZoomInfo (Inventory ticker: ZI) the inventory fell…