Tag Archives: growth

Russian Tech Giant Yandex Reveals Fashion Growth Ambitions

Yandex.Market wants to grow its fashion category from one percent to 20 percent of total GMV. Shutterstock Although Yandex backed out of a deal to buy fashion e-tailer KupiVip in July, the tech giant hasn’t given up on the fashion segment, announcing earlier this week at its Yandex Fashion Day conference that its own Yandex.Market platform would be doubling down on fashion category… Source link

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Wave of ‘unrest events’ like Afghanistan may become a drag on global growth: IMF

Soaring COVID-19 infections, combined with mass uprisings around the world, are destabilizing global order — and new research from the International Monetary Fund (IMF) suggests the collective dynamic is likely to hinder a fragile recovery. A working paper published by IMF researchers Luca Antonio Ricci, Metodij Hadzi-Vaskov and Samuel Pienknagura, PhD, recently explored the macroeconomic impact of social unrest, finding that “unrest events” are correlated to a decline in global… Source link

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Stocks fall from records as geopolitical, growth concerns weigh

Stocks fell on Monday, pulling back from record levels as geopolitical and growth concerns weighed on risk appetite.  The S&P 500 declined just after market open after logging yet another record high on Friday. The Dow and Nasdaq each also dipped, and the benchmark 10-year Treasury yield fell back below 1.3%. U.S. West Texas intermediate crude oil futures sank by more than 1% to trade around $67 per barrel.  The moves came as jitters over the pace of global economic growth and risks to the… Source link

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Palantir Reports 49% Revenue Growth; US Commercial Revenue Up 90% Y/Y

DENVER, August 12, 2021–(BUSINESS WIRE)–Palantir Technologies Inc. (NYSE:PLTR) today announced financial results for the second quarter ended June 30, 2021. Q2 2021 Highlights Total revenue grew 49% year-over-year to $376 million US commercial revenue grew 90% year-over-year Closed 62 deals of $1 million or more, of which: 20 net new customers added in Q2 2021, total customers up 13% quarter-over-quarter Commercial customer count increased 32% quarter-over-quarter Cash flow from operations of $23… Source link

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Stocks Rise as Traders Weigh China, Growth Outlook: Markets Wrap

(Bloomberg) — Asian stocks and U.S. futures rose Monday as some of the concerns over China’s regulatory crackdown eased and progress on a U.S. infrastructure spending plan aided sentiment. Crude oil slid. Equities jumped in Japan and Australia, where Afterpay Ltd. surged after digital-payments platform Square Inc. agreed to buy the buy-now, pay-later company. S&P 500 and Nasdaq 100 contracts climbed as a $550 billion infrastructure package steps closer to passage in the Senate this… Source link

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US STOCKS-S&P 500, Dow set to rise as economic growth heats up

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.)    * Ford, Qualcomm rise after strong earnings    * Didi Global jumps on report it could go private    * Banks, industrials, mining stocks gain after dovish Fed    * Futures: Dow up 0.41%, S&P adds 0.17%, Nasdaq down 0.17% (Adds comments; updates prices)    By Sagarika Jaisinghani    July 29 (Reuters) – The S&P 500 and the Dow indexes were set to rise on Thursday as a… Source link

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US home price growth soars to a new record

Home price growth in the U.S. soared to a new record in May as the housing market continues to heat up. Standard & Poor’s said Tuesday that its S&P CoreLogic Case-Shiller national home price index posted a 16.6% annual gain in May, up from 14.8% in April — marking the highest reading in more than 30 years of data. It is also the 12th straight month of accelerating prices. The 20-City Composite posted a 17% annual gain, up from 15% a month earlier. The 20-City results surpassed analysts’… Source link

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Stock futures decline amid renewed virus, growth concerns

Stock futures headed toward a lower open Monday morning, with lingering concerns over the growth outlook at least temporarily outweighing optimism over a strong second-quarter earnings season. Dow futures dropped more than 100 points, or 0.4%, in early trading. The S&P 500 and Nasdaq also pointed toward a lower open. The three major indexes each set record closing highs on Friday, shaking off a sell-off at the start of last week as worries over the Delta variant increased.  Cyclical stocks… Source link

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2 “Strong Buy” Stocks Under $10 With Strong Growth Prospects

The key to profitable investing is building a profile that combines powerful potential with an economical point of entry. It’s a strategy that will frequently suggest a closer look at stocks in the micro- and small-cap size range, companies with valuations less than $2 billion. These smaller firms frequently feature share prices below $10, and triple-digit upsides to sweeten the pot. Using TipRanks’ database, we’ve found two stocks that fit this profile: A market cap under $500 million and… Source link

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Snap Beats Expectations on User Growth, Revenue; Shares Rise

(Bloomberg) — Snap Inc. reported gains in revenue and users that exceeded analysts’ estimates, as the company’s investments in content and creative tools lured young people and the advertisers trying to reach them. Shares gained. Second quarter sales more than doubled to $982.1 million, the company said Thursday. That dwarfed the $846.9 million average analysts’ estimate. Snapchat, the mobile app for sending disappearing messages and watching video content, had 293 million daily active… Source link

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