Articles by: Miroslav Marinoff

T. Rowe Price reports 1.15% surge in total AUM in July

T. Rowe Price Group Inc (NASDAQ: TROW) on Monday reported a 1.15% month-over-month surge in its assets under management (AUM) to $1.587 trillion as of July 31st, according to preliminary figures. Net outflows stood at $2.0 billion for July, the firm said. Equity AUM rose to $0.814 trillion as of July 31st from $0.810 trillion […] Read more

Singapore’s GDP grows 2.9% YoY in Q2, 2024 forecast raised

Singapore’s economy has grown at an annualized rate of 2.9% in the second quarter of 2024, final data by Statistics Singapore showed. The final estimate matched the preliminary data. First-quarter GDP growth has been revised up to 3%. In Q2, economic growth was mostly underpinned by segments such as wholesale trade, finance & insurance, and […] Read more

Germany’s wholesale prices fall for 15th month in July

Wholesale prices in Germany have decreased at an annualized rate of 0.1% in July, data by the Federal Statistical Office showed. The latter has been a slowdown from a 0.6% drop in the prior month. July marked the 15th consecutive month of decreasing producer prices, but the pace has been the softest in the sequence. […] Read more

Boeing secures $2.56 billion US Air Force contract

Boeing Co (NYSE: BA) said last week that it had secured a $2.56 billion contract from the United States Air Force for two rapid prototype E-7A AEW&C Wedgetail aircraft. The contract encompasses lifecycle development, training and support for the US E-7A fleet, Boeing Co said. Stock Performance The shares of Boeing Co (BA) closed 0.57% […] Read more

Truist Securities upgrades Evolent Health to “Buy”

Truist Securities has upgraded Evolent Health’s (NYSE: EVH) stock to “Buy”, as it cited the firm’s rate increases to offset “elevated disease prevalence and acuity.” “We always believed in the company’s ability to grow its topline, but now have improved confidence in its ability to expand margins in the coming years,” Truist Securities analysts wrote […] Read more

TXO Energy Partners declares $0.57 quarterly dividend

TXO Energy Partners (NYSE: TXO) said this week its Board of Directors had authorized a regular quarterly cash dividend of $0.57 per share of common stock. The dividend will be paid on August 27th to shareholders of record as of the close of business on August 20th 2024, the company said. “Our financial focus for […] Read more

Sterling Infrastructure appoints Chief Operating Officer

Sterling Infrastructure Inc (NASDAQ: STRL) said on Thursday that it had appointed Dan Govin as its next Chief Operating Officer. Dan Govin has assumed a number of commercial and operations management roles within the energy infrastructure industry since 1994. Most recently, he held the position of Regional President at Quanta Services. ”Over the past several […] Read more

Fastly Inc to slash global workforce by 11%

Fastly Inc (NYSE: FSLY) said on Thursday that it intended to cut its global workforce of full-time employees by 11%, as part of a restructuring initiative. According to a regulatory filing, Fastly Inc expects to incur a charge of $9.5 million to $10 million during the third quarter of 2024, which will mostly include cash […] Read more

South Africa’s manufacturing output falls more than forecast

Manufacturing production in South Africa was reported to have decreased 5.2% year-on-year in June, after a revised up 1.2% slump in May. Market consensus had pointed to a much smaller drop, by 0.9% YoY. In June, production contracted for: – motor vehicles, parts and accessories and other transport equipment, by 15.6% YoY; – basic iron […] Read more

Icahn Enterprises announces $1.00 quarterly dividend

Icahn Enterprises L.P. (NASDAQ: IEP) said this week its Board of Directors had authorized a regular quarterly cash dividend of $1.00 per share of common stock. The dividend was kept unchanged from the previous quarterly dividend payment. The dividend will be paid on September 25th to shareholders of record as of the close of business […] Read more