Macro
In the third quarter of 2024, CN (Canadian National Railway (TSX:) Company, ticker: CNR) reported modest financial growth and operational improvements amidst a backdrop of macroeconomic and labor challenges. President and CEO Tracy Robinson highlighted a 2% increase in earnings per share (EPS) year-over-year, reaching $1.72, and an operating ratio…
Sandvik AB (SAND), a global engineering group, reported stable top-line results for the third quarter of 2024, despite facing mixed demand conditions and a challenging macroeconomic environment. The company’s total order intake remained flat year-on-year at SEK 28.8 billion, while revenues declined by 4% to SEK 30.3 billion. Adjusted EBITA…
Investing.com– Chinese stocks are unlikely to see a sharp rebound in the near-term, Alpine Macro analysts warned, citing growing concerns over a sluggish growth outlook and laggard policy support from Beijing. The investment research firm warned that China’s economy was grinding down gradually in a “slow-motion implosion,” with soft private…
Investing.com — Goldman Sachs analysts argued in a note dated Monday that macroeconomic recessionary fears were primarily responsible for the recent 6% decline in Brent prices. Despite these concerns, Goldman Sachs maintains confidence that the $75 floor for prices will hold, driven by several key factors, including resilient oil demand, limited…
The recently posted its largest two-week rally against the since 2002, driven by a broad rotation from Big Tech large-cap stocks into small-caps. According to Goldman Sachs strategists, this rotation was likely sparked by the rally in front-end rates following the soft US CPI data and weaker US labor market…
Veeva Systems Inc. (NYSE: NYSE:), a cloud-computing company focused on pharmaceutical and life sciences industry applications, reported a total revenue of $650 million for the fiscal 2025 first quarter, with non-GAAP operating income reaching $261 million. Despite these figures, the company revised its full-year revenue guidance downward by $30 million…
Investing.com– Chinese stock markets are still set for more gains after a stellar rally over the past two months, Alpine Macro analysts wrote in a note, citing improved economic conditions on the back of more stimulus measures from Beijing. China’s and indexes surged between 16% and 18% from multi-year lows…
