Japan-based KDDI's profit dropped in its fiscal Q4 2024 (ending 31 March) due to what it called temporary impacts, stemming from losses of JPY119 billion ($763 million) on its Myanmar telecoms business.
Shares of Deere & Company (DE) are dipping as the company lowered its full-year profit forecast to $7 billion from a previous range of $7.50 billion to $7.75 billion. The US Department of Agriculture forecasts that 2024 net farm income will total $116.1 billion, a 25.5% year-over-year decline. Yahoo Finance Anchors Madison Mills and Seana Smith discuss a potential deterioration in the global agricultural space. For more expert insight and the latest market action, click here to watch this full...
(Reuters) -Walmart raised its full-year forecast and reported better-than-expected first-quarter results on Thursday, betting that easing inflation will drive stronger sales of groceries and non-essential merchandise like clothingand electronics. The strong performance by the nation's largest retailer could assuage some investors' fears about ebbing U.S. consumer spending. Average transactions - a proxy for online and store traffic - also rose by a similar amount while shoppers also put in...
The world's largest farm equipment maker said it now expects fiscal 2024 net income of about $7 billion, compared with its prior forecast of $7.50 billion to $7.75 billion. The U.S. Department of Agriculture has forecast net farm income to slide 25.5% to $116.1 billion this year from 2023, as corn and soy prices plummeted to more than three-year lows. Higher interest rates have added to the squeeze for farmers, leaving equipment dealers with bloated inventories and forcing companies like Deere...
MariMed Inc. (MRMD), a multi-state cannabis operator, disclosed its financial outcomes Wednesday evening for the first quarter of 2024, which ended on March 31. The company reported a revenue of $37.9 million, an increase from $34.4 million in the corresponding quarter last year. read more
The stock market rally for 2024 has reached its peak, according to Goldman Sachs. The firm's chief U.S. equity strategist, David Kostin, has predicted a flat return for the S&P 500 for the remainder of the year. read more
The National Bank of Romania (BNR) has revised upward, to 4.9%, from 4.7% previously, the inflation forecast for the end of this year, and anticipates that it will reach 3.5% at the end of 2025, according to the data presented on Wednesday by the governor of the BNR, Mugur Isărescu. “We have a downward inflation […]
China's Semiconductor Manufacturing International Corp has reported a significant drop in its profit margin, reaching its lowest level since 2009. The company expects further decline as it expands its capacity to meet the growing demand from Huawei Technologies Co. and other clients. read more
Several teams would likely jump at the chance to acquire Harris
Alibaba Group Holding Limited today announced its financial results for the
In Ghana, at Iduapriem, gold production was 62,000oz for the quarter ended March 31, 2024, compared to 63,000oz for the same period last year, mainly due to a marginal decrease in recovered grade, partly offset by higher tonnes processed.
ZIM Integrated Shipping Services Ltd. (NYSE: ZIM), ("ZIM" or the "Company") a global container liner shipping company, announced today its consolidated results for the three months ended March 31, 2024.