November 19, 20240 Comments

Walmart hikes annual earnings outlook, beats Q3 estimates; shares jump By Investing.com

Walmart (NYSE:) shares rose over 3% Tuesday after the retail giant hiked its annual earnings outlook and reported better-than-expected Q3 results. The third quarter adjusted earnings per share (EPS) came in at $0.58, topping consensus expectations of $0.53. Walmart’s revenue for the quarter rose to $169.6 billion, also above the $167.67 billion estimated by analysts. Comparable sales performance in the US, excluding fuel, was strong across segments. Total (EPA:) US

Read More
November 16, 20240 Comments

S&P revises South Africa’s outlook to positive on better reforms, growth potential By Reuters

(Reuters) – Ratings agency S&P revised South Africa’s outlook to “positive” from “stable” on Friday, citing plans for accelerated economic reforms by the new government of national unity and a pickup in private investments. The coalition government, formed in June after the African National Congress lost its parliamentary majority for the first time in 30 years, boosted business confidence. S&P also stated that since the formation of the government, debt

Read More
November 11, 20240 Comments

IMF hikes UK growth outlook amid lower inflation and interest rates

General view of the City of London skyline, the capital’s financial district, in October. Sopa Images | Lightrocket | Getty Images LONDON — The International Monetary Fund on Tuesday raised its 2024 growth outlook for the United Kingdom, saying declines in interest rates and inflation would boost domestic demand. The IMF now sees 1.1% growth for the U.K. economy this year, up from a July forecast of 0.7%. The agency

Read More