All posts in Stock Market Updates

SINGAPORE – Asia-Pacific shares fell on Wednesday as investors digested China’s inflation data and looked ahead to the US CPI report. Markets in mainland China fell, with the Shanghai Composite slightly lower and the Shenzhen Component down 0.32%. China’s producer price index in July rose 4.2 percent from a year ago, below the 4.8 percent rise expected in a Reuters poll. Consumer prices rose 2.7% in July compared to the same period in 2021, the most since July 2020. Analysts had expected printing to stand at 2.9%. “Underlying inflationary pressures remain contained in China as sporadic lockdowns have weighed on…

The UK’s Financial Reporting Council (FRC) on Monday fined Accountancy and auditing firm PricewaterhouseCoopers (PwC) £1.75m during its financial year 2017 (FY17) audit of telecommunications company BT Group after it was found that the audit did not uncover evidence of fraud The FRC reported that BT Group’s financial statements for the 2017 financial year had to be adjusted by £513m due to fraud, which was uncovered following investigations into BT Group’s Italian operations in 2016. PwC conducted BT Group’s 2017 financial year legal audit, an audit required by law. Richard Hughes was the audit engagement partner and senior statutory auditor…

The Postal Service is starting to see the impact of major reform legislation on its finances, but still expects to raise mail prices again early next year. Postmaster General Louis DeJoy told the USPS Board of Governors at a public meeting Tuesday that the USPS is currently looking at $60 billion to $70 billion in losses by 2030, which “will quickly wipe out our balance of $20 billion in cash unless we take immediate and substantial action.” … READ MORE The Postal Service is starting to see the impact of major reform legislation on its finances, but still expects to…

The CPI inflation rate has finally passed its peak, we’ll know for sure on Wednesday morning. Drop in gas prices, retail discounts, return of online deflation and a drop in shipping costs suggest there will be a fairly quick retreat from June’s 40-year high of 9.1%. X The combination of a peak in inflation and a drop in the peak of the Federal Reserve has been an antidote to the bear market. After strong rallies since mid-June, the Dow Jones and S&P 500 have broken out of bear market territory. Only the Nasdaq’s loss is still above the 20% bear…

BRITISH VIRGIN ISLANDS–(BUSINESS THREAD)–Despegar.com, Corp. (NYSE: DESP), the leading online travel company in Latin America, today announced that it will report its second quarter 2022 results on Thursday, August 18, before the market opens. Publication of earnings Thursday, August 18, 2022 Time: before the market opens conference call Thursday, August 18, 2022 Time: 10:00 am Eastern Time Quiet period From Thursday 28 July to Thursday 18 August 2022 executives Mr. Damián Scokin, CEO Mr. Alberto López-Gaffney, Financial Director Mr. Luca Pfeifer, Vice President of Investor Relations To participate, call 1-646-904-5544 (United States) 1-929-526-1599 (international) Access code: 195170 Pre-register for the…

ROSEMONT, Ill.–(BUSINESS THREAD)–US Foods Holding Corp. (NYSE: USFD) will host a live conference call and webcast to discuss its second quarter 2022 results on Thursday, August 11, 2022 at 9:00 a.m. CDT. The company has updated its conference line and password from the previous details published on July 15, 2022. The conference call can be accessed live by telephone by dialing 888-504-7949. Listeners are asked to dial 10 minutes before the call’s start time and provide the password 468495 to connect. A replay will be available after the call. To listen to a replay of the conference call, please register…

55.8 million dollars of cash and equivalents to June 30, 2022 Cessation of development of fezagepras Net loss from continuing operations of 6.5 million dollars during the completed quarter June 30, 2022 compared to 12.6 million dollars during the completed quarter June 30, 2021 LAVAL, QC i CAMBRIDGEEngland , August 9, 2022 /PRNewswire/ – Liminal BioSciences Inc. (Nasdaq: LMNL) (“Liminal BioSciences” or the “Company”) announced today its financial results for the second quarter ended June 30, 2022. Liminal BioSciences will host a conference call and webcast to discuss financial results at 8:30 am (ET) on Wednesday, August 10, 2022. Telephone…

Round Rock ISD was rated above the Texas Financial Integrity Rating System (FIRST) for the 2021-2022 academic year. The FIRST results were announced by the state in early August. The District’s finance team has earned the state’s highest possible A, or Superior, rating for 18 of the past 19 years. “Once again, we have confirmation that Round Rock ISD’s financial team is truly among the best,” said Superintendent Dr. Hafedh Azaeiz. “Led by our CFO, Dennis Covington, the entire team has earned an exemplary reputation throughout the state and nation for sound fiscal management. I see firsthand the care and…