Tag Archives: Financial

Jacob Rees-Mogg to cut his financial links to Russian propaganda search engine Yandex

Jacob Rees-Mogg to cut his financial links to Russian propaganda search engine Yandex

The Business Secretary Jacob Rees-Mogg and the recently appointed Trade Minister, Dominic Johnson, are to offload their holdings in a firm that has strong financial links to a Kremlin propaganda machine, i can reveal. Mr Rees-Mogg and Mr Johnson are co-founders and shareholders in Somerset Capital Management LLP, which holds around 2.5 million shares in Russian internet giant Yandex. Known as Russia’s Google, Yandex pumps out pro-Kremlin search results on issues ranging from the war in… Source link

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AMD Announces Preliminary Third Quarter 2022 Financial Results

AMD Announces Preliminary Third Quarter 2022 Financial Results

Advanced Micro Devices, Inc. Preliminary third quarter revenue of approximately $5.6 billion, lower than prior outlook of $6.7 billion plus or minus $200 million, primarily due to weaker Client segment revenue Revenue for Data Center, Gaming, and Embedded Segments each grew significantly year-over-year and in-line with the company’s expectations Management to discuss financial results and outlook on Nov. 1 earnings call SANTA CLARA, Calif., Oct. 06, 2022 (GLOBE NEWSWIRE) — AMD (NASDAQ:AMD)… Source link

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2022 is exposing ‘freaky post-QE financial system plumbing,’ BofA says

2022 is exposing ‘freaky post-QE financial system plumbing,’ BofA says

The third quarter is a officially a wrap, and the stock market saw the Dow (^DJI) post its worst September performance in two decades — down nearly 2800 points, or 8.9% for the month — while the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) are now in the red three straight quarters for the first time since the Global Financial Crisis. And as investors prepare for the historically volatile (and crash-prone) month of October, some on Wall Street are coalescing around the idea that equities… Source link

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Google Cloud Boosts Syft’s Financial Reporting Application to Scale Beyond South Africa

Google Cloud Boosts Syft’s Financial Reporting Application to Scale Beyond South Africa

120,000 accountants and financial analysts use the application to analyze raw financial data, with over 1 million business reports generated since its launch JOHANNESBURG, Sept. 27, 2022 /PRNewswire/ — Google Cloud announced today a collaboration with Syft Analytics, a South African – based financial reporting application which processes significant volumes of financial data and provides insightful financial reports to accountants, financial analysts, and businesses. Syft Analytics will… Source link

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How Bed Bath & Beyond got itself in such a deep financial hole

How Bed Bath & Beyond got itself in such a deep financial hole

We’ve heard a lot recently about how the troubled Bed Bath & Beyond retail chain plans to solve its financial problems by changing its merchandising to include more national brands, taking out expensive loans, closing 150 stores, firing 20% of its workforce and potentially selling 12 million shares of new stock, which would raise some $100 million as of Friday’s closing price. (And, of course, there was more turmoil in recent days with the tragic suicide of Chief Financial Officer Gustavo… Source link

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Baby-boomer financial experts speak from experience on ways to ride out a recession

Baby-boomer financial experts speak from experience on ways to ride out a recession

‘Bear down’ and ‘be as frugal as you can’: Baby-boomer financial experts speak from experience on ways to ride out a recession It was a time of big hair, shoulder pads and the Cold War. But something often less thought of when feeling nostalgic about the ‘80s, was the interest rates that were high enough to make you dizzy. “The interest rates started the decade around 20%,” says Brad Lyons, a certified financial planner and an investment manager at Wiser Wealth Management based… Source link

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Twitter’s CFO warned employees they’re on track to get 50% of their typical annual bonuses because of the company’s financial challenges, report says

Twitter’s CFO warned employees they’re on track to get 50% of their typical annual bonuses because of the company’s financial challenges, report says

Twitter CEO Parag Agrawal (left) is at loggerheads with Elon Musk over the Tesla CEO’s proposed $44 billion takeover.Kevin Dietsch/Getty Images, Andrew Kelly/Reuters Twitter CFO Ned Segal warned employees Friday their bonuses could be half the maximum, per The NYT. Segal said the company’s bonus pool was at 50% of where it could be if financial targets were being hit, per The NYT. Twitter employees’ bonuses are tied to the company’s financial performance, which has declined of late. Twitter told… Source link

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Apple, Activision Blizzard, Ally Financial and more

Apple, Activision Blizzard, Ally Financial and more

Stocks held on to gains Monday, reversing earlier declines, with the Nasdaq leading the way, closing up 0.62% to 13,128.05. Here are the top trending after-hours tickers on Yahoo Finance: Apple (AAPL), Activision Blizzard (ATVI), Ally Financial (ALLY): Berkshire Hathaway boosted its stake in Apple, Activision Blizzard, Ally Financial, Paramount Global (PARA) and Celanese (CE), according to a regulatory 13F filing. Berkshire added about 3.9 million shares of Apple, bringing its total stake in… Source link

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NVIDIA Announces Preliminary Financial Results for Second Quarter Fiscal 2023

NVIDIA Announces Preliminary Financial Results for Second Quarter Fiscal 2023

NVIDIA Preliminary second quarter revenue of $6.70 billion versus outlook of $8.10 billion Shortfall versus outlook primarily driven by weaker Gaming revenue Management to discuss financial results and outlook on Aug. 24 earnings call SANTA CLARA, Calif., Aug. 08, 2022 (GLOBE NEWSWIRE) — NVIDIA (NASDAQ: NVDA) today announced selected preliminary financial results for the second quarter ended July 31, 2022. Second quarter revenue is expected to be approximately $6.70 billion, down 19%… Source link

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Yandex Announces Second Quarter 2022 Financial Results

Yandex Announces Second Quarter 2022 Financial Results

MOSCOW, RUSSIA and AMSTERDAM, the NETHERLANDS / ACCESSWIRE / July 27, 2022 / Yandex (NASDAQ:YNDX)(MOEX:YNDX), one of Europe’s largest internet companies, today announced its unaudited financial results for the second quarter ended June 30, 2022. Q2 2022 Financial and Operational Highlights1,2 In RUB millions Three months ended June 30 2021 2022 Change Total Revenues 81,402 117,748 45% Online Ad Revenues 39,586 48,430 22% Total Adjusted EBITDA 5,780 25,694 345% Total Group Total Adjusted EBITDA margin, %

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