Articles by: Miroslav Marinoff

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

Spot Silver retreats as Dollar firms ahead of Powell speech

Spot Silver edged down on Thursday, while the US Dollar rebounded from a nearly 8-month low ahead of a speech by Federal Reserve Chair Jerome Powell at the Jackson Hole economic symposium that may provide more insight into potential interest rate cuts. Meanwhile, the minutes of the Federal Reserve’s July meeting signaled that monetary easing […] Read more

South Africa’s CPI inflation eases to three-year low

Annual consumer price inflation in South Africa has eased to 4.6% in July from 5.1% in June, data by Statistics South Africa showed. It has been the lowest inflation rate in three years and it further approached the South African Reserve Bank’s target of 4.5%. Last month, inflation eased for: – food and non-alcoholic beverages […] Read more

Japan’s trade deficit widens to JPY 621.8 billion in July

Japan’s trade deficit has widened to JPY 621.84 billion in July, data showed, from JPY 61.33 billion in July of 2023. In comparison, market consensus had pointed to a shortfall of JPY 330.7 billion. Total imports went up 16.6% year-on-year to a 19-month high of JPY 10,241,008 billion in July. At the same time, Japan’s […] Read more

Canada’s CPI inflation slows to over 3-year low

Annual headline consumer inflation in Canada has eased to 2.5% in July from 2.7% in June, the latest data by Statistics Canada showed. The CPI reading came in line with market consensus and also marked the lowest inflation rate since March 2021. The latest reading also came in line with the Bank of Canada’s projections […] Read more

Euro Area CPI inflation confirmed at 2.6% in July

The annual CPI inflation rate in the Euro Area was confirmed at 2.6% in July, while accelerating from 2.5% in June. A year earlier, CPI inflation stood at 5.5%. In July, inflation picked up for energy (1.2% YoY versus 0.2% YoY in June), while it remained steady for non-energy industrial goods, at 0.7%. In the […] Read more

New Zealand reports trade deficit in July

New Zealand reported a trade deficit of NZD 0.963 billion in July, which compares with a NZD 1.174 billion shortfall in the same month of 2023. Still, it has been the nation’s largest trade gap since January. Total exports surged 14% year-on-year to NZD 6.1 billion in July. That reflected higher shipments of: – crude […] Read more