(Bloomberg) -- Australia’s central bank chief Philip Lowe said the outlook for the economy has improved, though interest rates will remain low for “quite a while yet” amid muted price pressures. “The downturn in Australia was not as deep as we had feared and the recovery started earlier and has been stronger than we...
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(Reuters) - England captain Joe Root won the toss in his 100th test and elected to bat against Virat Kohli's India in the first match of the four-test series in Chennai on Friday. "We're going to try and get the best of this wicket," Root said of his decision at the MA Chidambaram Stadium. "I think it (pitch) will deteriorate .. and...
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Gilead (NASDAQ:GILD) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations. Gilead announced earnings per share of $2.19 on revenue of $7.33B. Analysts polled by Investing.com anticipated EPS of $2.01 on revenue of $7.03B. Gilead shares are up 13% from the beginning of the year and are trading at $67.00 , down-from-52-week-high.They are...
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By Yasin Ebrahim Investing.com – The S&P 500 and Nasdaq closed at record highs Thursday, as tech and cyclical stocks racked up gains like banks as investors bet on the economy charting a faster recovery amid an improving backdrop. The S&P 500 jumped 1.07% to a record 3,871.11. The Dow Jones Industrial Average rose 1.08%, or 332 points, and the Nasdaq Composite ended...
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Microchip reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that was inline with expectations. Microchip announced earnings per share of $1.62 on revenue of $1.35B. Analysts polled by Investing.com anticipated EPS of $1.58 on revenue of $1.35B. Microchip shares are up 4% from the beginning of the year and are trading at $144.41 , down-from-52-week-high.They...
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BEIJING (Reuters) - In the past year the United Kingdom expelled three Chinese spies who were in the country on journalism visas, according to a report by The Telegraph newspaper on Thursday. The report, which has not been independently verified by Reuters and cites a UK government source, says that three intelligence officers for China's Ministry of State Security purported to work...
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By Liz Moyer Investing.com -- Stocks rose for a third day on Thursday as lawmakers moved ahead on President Joe Biden’s stimulus plan. Improving economic data lifted Wall Street’s bullish mood after better than expected numbers on jobless claims. First-time claims fell last week and were lower than estimates. That sets up expectations for Friday’s critical nonfarm jobs report from the government, always a...
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Activision Blizzard (NASDAQ:ATVI) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations. Activision Blizzard announced earnings per share of $1.21 on revenue of $3.05B. Analysts polled by Investing.com anticipated EPS of $1.17 on revenue of $2.82B. Activision Blizzard shares are down 0% from the beginning of the year and are trading at $97.00...
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By Yasin Ebrahim Peloton reported Thursday raised its annual forecast after reporting better-than-expected fiscal second-quarter results, but struggles to keep up with demand amid supply chain constraints overshadowed the upbeat results. Peloton Interactive Inc (NASDAQ:PTON) was down more 5% in after-market trading. The company guided fiscal-third quarter revenue of $1.10 billion and expected to add 1.98 million connected fitness subscribers. The...
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By Hari Kishan BENGALURU (Reuters) - The dollar's weakening trend is still in play, with the currency predicted to stay range-bound or fall in the next three months, according to a majority of strategists in a Reuters poll, suggesting the currency's recent strength was just a blip. After a sell-off that began last year, the dollar rose in four of the past...
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