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Infosys ADRs rise 3% after IT services company reports 9% YoY increase in Q1 PAT
American Depository Receipts (ADRs) of Infosys climbed over 3% on Wednesday following company’s Q1FY25 earnings where the IT services company reported a 9% year-on-year (YoY) growth in its consolidated net profit at Rs 6,921 crore for the first quarter ended June. Revenue from operations rose 8% YoY to Rs 42,279 crore. The Bengaluru-based company has…
December Employment Report: 256 thousand Jobs, 4.1% Unemployment Rate
by Calculated Risk on 1/10/2025 08:30:00 AM From the BLS: Employment Situation Total nonfarm payroll employment increased by 256,000 in December, and the unemployment rate changed little at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment trended up in health care, government, and social assistance. Retail trade added jobs in December, following…
NTPC Acquires 26% Stake in NTPC EDMC Waste Solutions
NTPC Ltd announced that it has purchased a 26% stake in NTPC EDMC Waste Solutions, a joint venture with the Municipal Corporation of Delhi. With this, NTPC EDMC Waste Solutions Private Limited (NEWS) will become a wholly-owned subsidiary of NTPC, which currently owns a 74% interest, according to an exchange filing. In its regulatory filing,…
How I’d Build a $20,000 Retirement Portfolio With These 3 TSX Dividend All-Stars
Building a nest egg for retirement can feel like a big task, especially if you’re starting with a specific amount like $20,000. But it’s totally doable by picking some dividend-paying stocks. The trick is to look for companies that are financially healthy, consistently pay out dividends, and have the potential to grow over time. This…
Fed Meeting Alert! Will June’s Decision Rock the Markets? 📈
Get Email Alerts and Follow Us: The Federal Reserve Open Market Committee (FOMC) is scheduled to convene next week on June 11-12, 2024. This highly anticipated meeting is expected to bring significant announcements regarding changes to interest rates. In addition to the rate decisions, the Fed’s statement, the release of the dot plot, and Chairman…
Is Aritzia Stock a Good Buy Today?
Aritzia Inc. (TSX:ATZ) stock continues to get hit hard as investors digest the company’s latest quarterly result and outlook. In fact, Aritzia’s stock price has fallen more than 10% since its quarterly release on October 10. Is Aritzia stock a good buy today? The macro affecting Aritzia stock The consumer is weakening. Debt levels are…