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Business

“SingTel Q1 profit slumps 23% on unfavourable currency move, high costs”

“Singapore Telecommunications reported on Monday a 23% decline in first-quarter net profit, citing the one-off impact at Bharti Airtel in Nigeria as the naira depreciated sharply against the U.S. dollar, as well as high costs. Singapore Telecommunications (SingTel), Southeast Asia’s… Continue Reading…

Banking, Stocks

“PacWest stock plunges 23% after losing 9.5% of deposits last week”

“Regional bank stocks fell again Thursday after troubled California lender PacWest (PACW) disclosed it lost 9.5% of deposits last week on a wave of new pessimism surrounding the industry. The Beverly Hills, Calif.-based institution first came under investor scrutiny following… Continue Reading…

Business, Stocks

“Rolls-Royce shares soar by 23% after annual results crush expectations”

“Shares of London-listed aviation manufacturer Rolls-Royce soared Thursday, after the company sharply beat expectations with a 57% year-on-year increase in underlying profit, driven by its civil aerospace and power systems. Its stock was up by 23% at roughly 1:30 p.m.… Continue Reading…

Investing, Personal Finance

“Average 401(k) balances plunged 23% year-over-year due to market volatility, Fidelity says”

“The average 401(k) balance sank for the third consecutive quarter and is now down 23% from a year ago to $97,200, according to a new report by Fidelity Investments, the nation’s largest provider of 401(k) plans. The financial services firm handles more… Continue Reading…

Business

“Target sales jump 23% as exclusive brands, curbside pickup draw in shoppers”

“Target said Wednesday fiscal first-quarter sales rose 23%, as investments it made in exclusive brands and services like curbside pickup strengthened customer loyalty and kept them coming back. The retailer also said it is benefiting from… reopening economy and busier social… Continue Reading…

Business

“Visa profit falls 23% as payment volumes plunge”

“The payments processor said total spending decreased 10% on a constant dollar basis, and the number of processed transactions tumbled 13% from a year earlier. Cross-border volume slid 47% as the continuing global pandemic continued to hurt travel demand…” https://finance.yahoo.com/news/visa-profit-falls-23-payment-202056696.html… Continue Reading…

Stocks

“Fast-Growing Stocks: See 23 Companies Expecting Up To 1,433% Earnings Growth In Q3”

“With Q3 earnings season getting underway, here’s a look at today’s fastest-growing stocks expecting 54% to 1,433% EPS increases in their next report. Alpha Pro Tech (APT) leads the list, expecting 1,433% earnings growth when it next reports…” https://www.investors.com/research/fast-growing-stocks-amzn-amd-pfsi-apt-q3-earnings-estimates/?src=A00220 This article talks… Continue Reading…

Stocks

“SMIC, China’s largest chipmaker, plunges 23%…”

“GUANGZHOU, China — Shares of Semiconductor Manufacturing International Corp (SMIC), China’s biggest contract chipmaker, plunged over 23% on Monday, after the U.S. government said it was considering putting export restrictions on the company.  The firm’s Hong Kong-listed shares plummeted by 22.88% to… Continue Reading…

Business

“Samsung says profit jumped 23%, likely thanks to strong chip demand”

“The South Korean conglomerate said on Tuesday that it expects to make an operating profit of roughly 8.1 trillion won ($6.8 billion) for the three months that ended in June. That’s up nearly 23% from the same period a year… Continue Reading…

Economy

“23 million American jobs in immediate danger from the coronavirus crisis”

“Some 23 million jobs may be in immediate danger from the massive disruptions to the U.S. economy from the coronavirus epidemic. Americans who work in retail, airlines, travel agencies, restaurants, hotels and entertainment are the most vulnerable, according to a new… Continue Reading…