Articles by: Miroslav Marinoff

Spot Gold trades near record high on Sep rate cut bets

Spot Gold held in proximity to record highs on Monday, while the US Dollar plummeted to a fresh 13-month low, after Federal Reserve Chair Jerome Powell cemented market expectations of a rate cut in September. In a speech at the Jackson Hole symposium last week, the Fed Chair signaled the central bank was ready to […] Read more

Eastgroup Properties increases quarterly dividend to $1.40

Eastgroup Properties Inc (NYSE: EGP) said on Friday that its Board of Directors had authorized a regular quarterly cash dividend of $1.40 per share of common stock. The latter represents an increase of 10.24% compared to the previous quarterly dividend of $1.27 per share. The dividend is the 179th consecutive quarterly cash distribution to the […] Read more

Singapore CPI inflation stable at near 3-year low

Annual consumer inflation in Singapore has remained stable at 2.4% in July, data by Statistics Singapore showed. It has been the lowest inflation level since August 2021. The actual figure compares with market consensus of 2.5%. Food inflation has been the lowest in more than 2 years in July, at 2.7%, while easing from 2.8% […] Read more

France’s business morale rebounds in August

France’s business confidence has improved in August, the latest data by INSEE showed. The gauge of business morale came in at a reading of 98.8 in August, while rebounding from a 3 1/2-year low of 95.4 in July. Still, the indicator remained below its long-term average level of 100.0. In August, businesses were less pessimistic […] Read more

Norway’s domestic loan debt rises the most since Dec 2023

The general public’s domestic loan debt in Norway has grown at an annualized rate of 3.7% to NOK 7.41 billion at the end of July, data by Statistics Norway showed. It has been the fastest domestic loan debt growth since December 2023 and followed a 3.6% YoY increase in June. Municipal government loan debt increased […] Read more

Sweden’s unemployment rate at 7.7% in July

The rate of unemployment in Sweden was reported at 7.7% in July, up from 6.2% in the same month of the preceding year. The number of unemployed persons went up by 88,000 from July 2023 to 454,000, data by Statistics Sweden showed. In the meantime, the number of employed individuals dropped by 5,000 to 5.444 […] Read more

New Zealand retail sales fall 1.2% QoQ in Q2

Retail sales in New Zealand were reported to have decreased at a quarterly pace of 1.2% in Q2 of 2024, after a revised down 0.5% rise in the first quarter. Market consensus had pointed to a 1% quarter-on-quarter decline. The Q2 sales drop extended the downward trend observed over the past eight quarters. In Q2, […] Read more

SurgePays begins stock repurchase program

SurgePays Inc (Nasdaq: SURG), a technology and telecom company with a focus on the underbanked and underserved communities, said that it was initiating its previously authorized stock buyback program of up to $5 million in common stock. “We recognize that the delay in ACP funding has adversely impacted our business and stock price. Therefore, we […] Read more

Zeo Energy Corp appoints Chief Financial Officer

Zeo Energy Corp (Nasdaq: ZEO), a provider of residential solar and energy efficiency solutions, said this week it had appointed Cannon Holbrook as its next Chief Financial Officer. Holbrook, who joined Zeo Energy in March, brings more than two decades of experience in finance and accounting. Holbrook has been in leadership and finance roles in […] Read more

Oppenheimer Asset Management rates UnitedHealth as “Buy”

Oppenheimer Asset Management has a bullish view on UnitedHealth Group Inc (NYSE: UNH) shares, as it pointed out the company “exhibits the strongest trend in the managed care sub-industry.” Oppenheimer has assigned a “Buy” rating on the stock and has a price target of $650. “UNH’s rally above $550 marks a multi-year breakout in trend […] Read more