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07 May
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Microchip Results Beat in Q4 as Revenue Swells to Record on Strong Demand By Investing.com

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By Yasin Ebrahim Microchip (NASDAQ:MCHP) reported Thursday fiscal fourth-quarter results that that topped expectations as strong demand led to record booking and revenue in the quarter. Microchip announced earnings per share of $1.85 on revenue of $1.47 billion. Analysts polled by Investing.com anticipated EPS of $1.74 on revenue of $1.46 billion. Microchip shares are up 5% from the beginning of the year, still down 12.22% from its 52 week high of $166.67 set on February 17. They are under-performing the Nasdaq 100 which is up 5.63% from the start of the year. The quarterly dividend declared...

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07 May
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Texas freeze delivers billions in profits to gas and power sellers By Reuters

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By Devika Krishna Kumar, Scott DiSavino and Jessica Resnick-Ault (Reuters) -Natural gas suppliers, pipeline companies and banks that trade commodities have emerged as the biggest market winners from February's U.S. winter blast that roiled gas and power markets, according to more than two dozen interviews and quarterly earnings reports. The deep freeze caught Texas's utilities off-guard, killed more than 100 people and left 4.5 million without power. Demand for heat pushed wholesale power costs to 400 times the usual amount and propelled natural gas prices to record highs, forcing utilities and consumers to pay exorbitant...

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07 May
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Paul McCartney gets own set of Royal Mail stamps By Reuters

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LONDON (Reuters) - Paul McCartney has numerous hits, awards and even a knighthood to his name. Now the former Beatle can add a personalised set of stamps to his long list of accolades. Britain's Royal Mail (LON:RMG) said on Thursday it will issue a set of 12 stamps depicting McCartney and his work, saying it was paying tribute to "one of the most iconic and enduring music artists of all time". Eight of the stamps will show images of the singer-songwriter's album covers, from his 1970 debut "McCartney" solo record to last year's...

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06 May
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EOG Resources Earnings, Revenue beat in Q1 By Investing.com

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EOG Resources (NYSE:EOG) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations. EOG Resources announced earnings per share of $1.62 on revenue of $3.69B. Analysts polled by Investing.com anticipated EPS of $1.49 on revenue of $3.67B. EOG Resources shares are up 54.34% from the beginning of the year and are trading at $76.98 , down-from-52-week-high.They are outperforming the S&P 500 which is up 11.86% from the start of the year. EOG Resources shares gained 0.01% in after-hours trade the report. EOG Resources follows other major Energy sector earnings...

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06 May
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Microchip Earnings, Revenue beat in Q4 By Investing.com

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Microchip reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations. Microchip announced earnings per share of $1.85 on revenue of $1.47B. Analysts polled by Investing.com anticipated EPS of $1.74 on revenue of $1.46B. Microchip shares are up 5% from the beginning of the year and are trading at $146.31 , down-from-52-week-high.They are under-performing the Nasdaq 100 which is up 5.63% from the start of the year. Microchip follows other major Technology sector earnings this month Microchip's report follows an earnings beat by Apple on April 28,...

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06 May
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Dow Near Record High as Bulls Back Cyclicals Amid Recovery Optimism By Investing.com

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By Yasin Ebrahim Investing.com – The Dow remained near a record high Thursday, as cyclicals continued to ride the economic optimism as jobless claims fell sharply, while tech struggled to find direction amid ongoing fears of inflation. The Dow Jones Industrial Average rose 0.44%, or 150 points, and had hit a record of 34,448.43, the S&P 500 was up 0.27%, and the Nasdaq Composite was up 0.1%. The number of people filing for unemployment dropped by 92,000 to 498,000 people in the week ended May 1, topping economists' forecast for a drop to 540,000. That was the...

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06 May
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China’s netizens call for crackdown after “blind box” pet rescue By Reuters

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SHANGHAI (Reuters) - Chinese netizens have urged authorities to crack down on the illegal practice of delivering animals via "blind boxes" after local media reported that 160 puppies and kittens had been rescued from a warehouse in the city of Chengdu on Monday. The animals were held in boxes and disguised as regular express deliveries by local merchants selling pets online, CCTV and other state media outlets reported. They were ready to be dispatched to locations throughout China, including Shenzhen more than 1,000 miles (1,700 km) away, until animal welfare volunteers intervened, the reports said....

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06 May
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Canada shares lower at close of trade; S&P/TSX Composite down 0.24% By Investing.com

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Investing.com – Canada equities were lower at the close on Thursday, as losses in the Healthcare, Clean Technology and IT sectors propelled shares lower. At the close in Toronto, the S&P/TSX Composite declined 0.24%. The biggest gainers of the session on the S&P/TSX Composite were Endeavour Silver Corp. (TSX:EDR), which rose 10.71% or 0.740 points to trade at 7.650 at the close. SSR Mining Inc (TSX:SSRM) added 9.08% or 1.79 points to end at 21.50 and ARC Resources Ltd . (TSX:ARX) was up 7.66% or 0.63 points to 8.85 in late trade. Biggest...

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06 May
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UK navy vessels to return to port from Jersey By Reuters

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LONDON (Reuters) - Two British Royal Navy vessels located off the British Channel island of Jersey will prepare to return to port in the United Kingdom after French fishing boats left the area following protests over post-Brexit fishing rights. A government spokeswoman said the country remained on standby to provide any assistance Jersey requests over the escalating standoff with France. "The (Brexit) Trade and Cooperation Agreement brought in changes to fishing arrangements between the UK and the EU," she said. "Jersey authorities have a right to regulate fisheries in their waters under this agreement and...

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06 May
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Bud Gets New Boss, Sales Beat By Investing.com

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By Christiana Sciaudone Investing.com -- Anheuser Busch popped on news of a new CEO and better-than-expected sales. Michel Doukeris, President of AB InBev’s North America Zone, will succeed Carlos Brito as chief executive officer effective July 1. Brito is departing after 15 years as CEO and 32 years at the company. Brito oversaw the acquisition of Mexico's Grupo Modelo and SABMiller (LON:SAB) to become the world's largest brewer, but also accrued net debt of $82.7 billion as of 2020, about 4.8 times earnings, according to Reuters. Shares have tumbled more than 40% since reaching a high...

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