Tag: Reports

Goldman Sachs sees Fed charges peaking at 5% in March, Bloomberg reviews

Joel Hooper

Oct 30 (Reuters) – Goldman Sachs Group Inc’s (GS.N) economists stated the U.S. Federal Reserve might bump up rates of interest to as excessive as 5% by March 2023, 25 foundation factors above its earlier predictions, Bloomberg Information reported on Sunday.

Goldman Sachs Chief Govt Officer David Solomon final week stated the U.S. Federal Reserve might hike charges past 4.5-4.75% if it doesn’t see “actual modifications in behaviour.”

Federal Reserve’s subsequent assembly might make clear how lengthy it should stick with the aggressive financial insurance policies.

Goldman’s economists added that the journey to five% hike contains will increase of 75

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Mexico’s Pemex experiences narrower quarterly loss, rising gas gross sales

Joel Hooper

MEXICO CITY, Oct 28 (Reuters) – Mexican state oil firm Pemex on Friday reported its third quarter web loss narrowed to $2.58 billion (52.0 billion pesos), however mentioned it had suffered from elevated gross sales prices in addition to forex alternate losses because the peso weakened towards the greenback.

The outcomes contrasted sharply with worldwide oil majors like Exxon Mobil (XOM.N) and Chevron (CVX.N), which posted blockbuster earnings throughout the identical interval at a time of excessive crude costs.

Pemex, formally often known as Petroleos Mexicanos, noticed income develop to 602 billion pesos within the July-to-September interval, helped by a

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QuantumScape Stories Third Quarter 2022 Enterprise and Monetary Outcomes

Joel Hooper

Press launch content material from Enterprise Wire. The AP information workers was not concerned in its creation.

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SAN JOSE, Calif.–(BUSINESS WIRE)–Oct 26, 2022–

QuantumScape Company (NYSE: QS), a frontrunner within the growth of next-generation solid-state lithium-metal batteries, as we speak introduced its enterprise and monetary outcomes for the third quarter of 2022, which ended September 30.

The corporate posted a letter to shareholders on its Investor Relations web site, ir.quantumscape.com, that particulars third-quarter monetary outcomes and gives a enterprise replace.

QuantumScape will host a reside webcast as we speak at 2:00 p.m. Pacific Time

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Aspen Aerogels, Inc. Experiences Third Quarter 2022 Monetary Outcomes and Latest Enterprise Developments

Joel Hooper

NORTHBOROUGH, Mass., Oct. 26, 2022 /PRNewswire/ — Aspen Aerogels, Inc. (NYSE: ASPN) (“Aspen” or the “Firm”), a know-how chief in sustainability and electrification options, at this time introduced monetary outcomes for the third quarter of 2022, which ended September 30, 2022, and mentioned latest enterprise developments.

Complete income for the third quarter of 2022 was $36.7 million, in comparison with $30.4 million within the third quarter final 12 months. Third quarter internet loss was $29.6 million, in comparison with a internet lack of $7.8 million within the third quarter of 2021. Internet loss per

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Celyad Oncology Experiences First Half 2022 Monetary Outcomes and Latest Enterprise Highlights

Joel Hooper

Celyad Oncology SA

  • Enrollment ongoing in Section 1 dose-escalation IMMUNICY-1 trial for lead shRNA-based allogeneic CAR T candidate, CYAD-211, for relapsed/refractory (r/r) a number of myeloma (MM)

  • In July 2022, the U.S. Meals and Drug Administration (FDA) lifted the scientific maintain for the T-cell-inhibitory-molecule (TIM)-based allogeneic CAR T candidate CYAD-101 for metastatic colorectal most cancers (mCRC)

  • Firm to extend strategic concentrate on collaborations associated to broad mental property portfolio

  • Convention name and webcast scheduled for as we speak, August 5th, at 2:00 p.m. CEST / 8:00 a.m. EDT

MONT-SAINT-GUIBERT, Belgium, Aug. 05, 2022 (GLOBE NEWSWIRE) — Celyad Oncology

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Japan’s Sumitomo Mitsui stories Q1 revenue leap, Mizuho suffers drop

Joel Hooper

TOKYO, July 29 (Reuters) – Japan’s Sumitomo Mitsui Monetary Group Inc (8316.T) reported a bigger-than-expected enhance in first-quarter web revenue due to improved financial situations, whereas larger credit score prices weighed on rival Mizuho Monetary Group Inc (8411.T).

Sumitomo Mitsui, Japan’s second-largest lender, mentioned demand for loans is coming again in industrial and industrial lending, in addition to on the financial institution’s bank card and client finance enterprise models.

Eased pandemic curbs have helped revive industrial actions, boosting the necessity for funds and investments in Japan and overseas, it mentioned.

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