November 20, 20240 Comments

Kadokawa shares jump 16% after news of Sony talks By Reuters

By Sam Nussey TOKYO (Reuters) – Kadokawa’s shares jumped 16% in early Tokyo trading on Wednesday, a day after Reuters reported Sony (NYSE:) was in talks to acquire the publishing, anime and gaming powerhouse. Shares in Kadokawa, which controls “Elden Ring” developer FromSoftware, closed up 23% at their daily limit on Tuesday after the news. The deal would bolster Sony’s entertainment portfolio which spans games, movies, music and anime. “Anime

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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

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November 19, 20240 Comments

Super Micro shares soar over 30% after naming new auditor By Investing.com

Investing.com– Shares of Super Micro Computer Inc (NASDAQ:) rose sharply in evening deals on Monday after it named BDO USA as its auditor and said it had submitted a plan to the Nasdaq seeking more time to comply with listing rules.  Super Micro shares soared more than 32% to $28.54 by 05:55 ET (10:55 GMT).  The server maker said it believed it will be able to complete its annual and

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November 19, 20240 Comments

Miners, real estate lead gains in European shares By Reuters

(Reuters) – Europe’s main stock index rose on Tuesday, boosted by strength in shares of miners and a rebound in real estate stocks, with ongoing corporate earnings, economic data and global monetary policy outlook set to further shape market sentiment. The pan-European was up 0.4% as of 0810 GMT, with basic resources leading the sectoral charge with a 1% rise. The real estate sector also climbed 0.8%, after dropping nearly

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November 18, 20240 Comments

ASR Nederland shares climb as UBS upgrades stock to ‘buy’ By Investing.com

Investing.com — Shares of ASR Nederland (AS:) rose on Monday following an upgrade from UBS, which revised its rating of the stock to “buy” from “neutral.” The brokerage cited several compelling factors, including strong shareholder returns, attractive valuations, and increased potential for further share buybacks.  UBS analysts flagged that ASR’s recent capital actions signal confidence in its financial health and future growth. Earlier this month, ASR announced a surprise €100

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November 15, 20240 Comments

Alibaba shares rise as Q3 earnings top estimates By Investing.com

Investing.com — Chinese e-commerce giant Alibaba (NYSE:) Group Holding Ltd (NYSE: BABA) reported better-than-expected third-quarter earnings on Thursday, sending its shares up 3.2% in premarket trading. The company posted adjusted earnings per share of RMB15.06 ($2.15), beating analyst estimates of RMB14.79, but falling 4% year-over-year. Revenue came in at RMB236.5 billion ($33.7 billion), up 5% YoY but slightly below the consensus forecast of RMB239.97 billion. Alibaba’s core China commerce retail business

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November 14, 20240 Comments

Canada shares U.S. concern over Mexico’s trade practices

Article content Deputy Prime Minister Chrystia Freeland said she shares concerns voiced by counterparts in the United States about Mexico’s trade practices when it comes to Chinese imports. “I think those are legitimate concerns for our American partners and neighbours to have,” she said at a press conference in Ottawa on Wednesday. “Those are concerns that I share.” Mexico has been criticized for being a backdoor for cheap Chinese imports

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