“ On Friday, JPMorgan initiated coverage on PPL Corp (NYSE:PPL), assigning an Overweight rating and setting a price target of $37.00. The firm highlighted PPL Corp’s potential to transition from coal to cleaner energy sources and its ability to capitalize on substantial investment needs within its operations, particularly in wiring for data centers which is … Read more
We achieved record full-year revenues of $2.427 billion, marking an 8.7% increase from the previous fiscal year. Our fourth quarter revenues rose to $639.9 million, a 11.9% increase, with net income at $44.6 million. Adjusted EBITDA for the quarter increased to $95 million, up 32.5% year-over-year. Looking ahead to fiscal 2025, we project revenue to … Read more
China has lowered benchmark lending rates as expected at the monthly fixing on Monday, following previous reductions to other policy rates last month as part of a stimulus package to revive the economy. The one-year loan prime rate (LPR) was decreased by 25 basis points to 3.10% from 3.35%, while the five-year LPR was also … Read more
(Bloomberg) — Vietnam Prime Minister Pham Minh Chinh predicts the nation’s economy will grow 6.5% to 7% in 2025 and says the government will push for an expansion of 7%-7.5%, according to a post on the government’s website. Most Read from Bloomberg The targets come ahead of Chinh’s address to the National Assembly this morning, … Read more
By Jamie McGeever (Reuters) – A preview of what to expect in Asian markets on Monday. As the trading week kicks off in Asia, the global market sentiment remains bullish, driven by the strong performance of U.S. stocks. However, local sentiment is more cautious due to concerns about China’s underlying economic issues. The People’s Bank … Read more
After siding with the bulls in anticipation of Netflix’s latest earnings report, CNBC’s Jim Cramer shared his optimism about the company’s future following the quarter. He was particularly impressed by management’s outlook and commentary on content. Cramer stated, “If you were concerned about Netflix’s ability to drive growth moving forward, or if there were doubts … Read more
Fashion is both complex and significant. It plays a crucial role in how we express ourselves outwardly and how we are perceived by others. This is especially important for trans and gender-fluid individuals, whose gender identity and expression are often challenged by society. Gender fluidity in fashion has evolved over the years, allowing individuals to … Read more
Stay informed with free updates Simply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. China’s economy grew by 4.6 per cent year on year in the third quarter, according to official data released on Friday. This growth rate is slower than the previous three months, highlighting a slowdown in … Read more
Global economies face a period of lackluster growth and pressure from rising debt piles, the head of the International Monetary Fund (IMF) has warned. In an assessment that may chime with Chancellor Rachel Reeves as she ponders her first budget, managing director Kristalina Georgieva warned that growth will not deliver the tax revenues required to … Read more
Netflix (NFLX) stock experienced a 5% increase in after-hours trading on Thursday following the company’s strong performance in the third quarter. Netflix surpassed expectations for both earnings per share (EPS) and revenue, and also provided a positive outlook for the current quarter. The streaming giant reported revenue of $9.83 billion in Q3, a 15% increase … Read more