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The article reports on the sales of gas turbines in 2023. While total MW orders slightly decreased, unit orders and aeroderivative sales increased. This decline in MW orders was expected due to the cyclical nature of the market. The article also highlights the competition in the gas turbine market, with Solar Turbines' Titan 250 and 350 models competing against GE Vernova's LM2500+. The author predicts an improvement in the gas turbine market in 2024, but warns of potential disruptions caused by geopolitical events and shipping constraints. The article concludes by emphasizing the continued importance of gas turbines in meeting power demands, particularly in AI-based data centers and areas where wind and solar farms are not feasible. [Extracted from the article]

Temenos AG, a Swiss provider of banking software, has cut its guidance for the year after reporting lower-than-expected second-quarter revenue. The company attributed the shortfall to the impact of a report by short sellers Hindenburg Research. Temenos shares dropped 6% in response to the news. The company has been dealing with the effects of allegations of "accounting irregularities" made by Hindenburg Research earlier this year, but a probe conducted by Temenos concluded that the findings were inaccurate and misleading. The company has also appointed a new CEO and is considering options for its Multifonds fund administration business. [Extracted from the article]

Temenos AG, a Swiss provider of banking software, has lowered its guidance for the year after reporting second-quarter revenue that fell short of analyst expectations. The company's sales were $248.4 million and it has reduced its target for recurring revenues for 2024. This comes after short seller Hindenburg Research accused the company of "accounting irregularities" in February, which caused some deals to be delayed. The CEO, Jean-Pierre Brulard, acknowledged the need for improvement and investment in certain areas. Temenos will provide an update on its strategic and financial plan in November. [Extracted from the article]

The Zegna Group, a luxury fashion company, reported a 6.3% increase in sales for the first half of the year, reaching 960.1 million euros. The company aims to strengthen its women's, daywear, and leather goods categories. The potential successor for the creative director position at Tom Ford Fashion was not disclosed, but the company plans to focus on expanding its global presence and diversifying its luxury business. The Zegna brand saw a 4.6% increase in sales, while Thom Browne experienced a decline of 19.4% in revenues. The group remains confident in its long-term strategy and is working on cost control initiatives. [Extracted from the article]

Hewlett Packard Enterprise (HPE) has reported higher-than-expected revenue in the fiscal second quarter, driven by strong sales of servers designed for artificial intelligence (AI) work. The company's revenue increased by 3.3% to $7.2 billion, surpassing Wall Street's projection of a 2% decline. HPE's server business generated sales of $3.87 billion, with sales of AI-oriented systems doubling to over $900 million. The company's CEO, Antonio Neri, attributed the strong performance to increased demand and improved availability of high-powered semiconductors from Nvidia Corp. HPE's stock rose by about 10% in extended trading. [Extracted from the article]

HP Inc. has reported quarterly revenue that exceeded analysts' expectations, with the first increase in PC sales in two years. The increase in revenue was driven by a 6% rise in commercial sales, while consumer sales continued to decline. The PC market had experienced a decline over the past two years, but there has been a recent uptick in shipments, signaling a potential rebound. HP expects the launch of AI PCs equipped with new software and hardware to further boost growth in the coming years. However, HP's stock has not seen the same level of excitement as its competitor Dell Technologies Inc., which has doubled in value due to its AI-capable servers. HP's printing business also saw a decline in sales, but the company's subscription plan for printers has been successful. HP is exploring a similar plan for consumer-oriented computers. [Extracted from the article]

Canada Goose Holdings Inc., a high-end coat maker, has reported better-than-expected sales growth due to strong retail results in China and the US. The company's revenue for the fiscal fourth quarter was C$358 million, surpassing the average analyst estimate of C$316 million. Sales increased by 22% compared to the previous year. Canada Goose has been focusing on improving its performance in Asia, where it has over 40% of its stores, and has opened three new permanent stores in the fourth quarter. The company's shares rose by more than 9% in early New York trading. [Extracted from the article]

Treasuries have experienced a rally, causing 10-year yields to reach their lowest point in over a month. This is due to benign inflation data and weaker-than-expected retail sales figures, which have led traders to increase their expectations for the Federal Reserve to cut interest rates this year. The data shows a slowdown in the core consumer price index and stagnant retail sales in April. Traders are now pricing in an 80% chance of a quarter-point rate cut by September. [Extracted from the article]

Shopify Inc., a Canadian e-commerce company, experienced a surprise net loss in the first quarter of this year after selling its logistics business. The company reported a loss of $273 million, compared to a profit of $68 million the previous year. This unexpected loss, along with higher operating costs and a slowdown in revenue growth, has caused Shopify's stock to struggle. Despite these challenges, the company is working to turn its business around and has seen an increase in gross merchandise volume. [Extracted from the article]

Reddit Inc. has reported quarterly sales that exceeded analyst expectations in its first earnings report since going public. The company's revenue increased by 48% to $243 million in the period ending on March 31, surpassing the estimated $211.9 million. Reddit's successful initial public offering raised about $748 million, and its strong debut was attributed to its large user base and data licensing agreements with artificial intelligence companies. The company plans to diversify its revenue streams by licensing its data to AI companies and boosting commerce on the platform. [Extracted from the article]

Shares of Chinese beverage maker Xiangpiaopiao Food surged after online sales increased due to unconfirmed reports that the company's packaging included criticisms of Japan's discharge of treated wastewater from a nuclear plant. The company's daily sales from a live broadcast on Douyin (China's version of TikTok) significantly increased. This incident highlights the ongoing animosity towards Japan in China, which has been fueled by territorial and historical disputes. It is worth noting that the release of treated and weakly radioactive water from the Fukushima Dai-Ichi power plant into the Pacific Ocean is in line with international guidelines. [Extracted from the article]

Stocks and bonds experienced gains after the Federal Reserve's decision, which was less hawkish than expected. Fed Chair Jerome Powell stated that a rate hike is unlikely to be the next move. The S&P 500 rose 1% and Treasuries also gained as the Fed announced plans to slow the reduction of its bond portfolio. The Fed will cut the cap on runoff for Treasuries to $25 billion a month from $60 billion starting in June. [Extracted from the article]

Stocks fell after weaker-than-expected factory and job openings data, as traders anticipate that the Federal Reserve will maintain its current rate-cut plan. US manufacturing activity contracted and input prices rose at the fastest pace since 2022, while job openings reached a three-year low, indicating a softening labor market. The Fed is expected to keep rates steady and signal no plans for cuts in the near future. The S&P 500 hovered near 5,020, Treasury 10-year yields fell, and the dollar remained stable. [Extracted from the article]

Orange SA, a telecommunications company, reported a 2.1% increase in revenue in the first quarter compared to the previous year. This growth was driven by gains in Africa and the Middle East, as well as a recovery in its largest French unit. Orange is focused on consolidating its position in European markets and aims for low-single-digit growth in profitability. The company's dividend is also set to increase in 2025. Despite the positive results, Orange's shares fell slightly in trading. [Extracted from the article]

Tesla's stock has experienced a significant decline, falling nearly 19% in the past week, due to concerns about the company's business strategy and declining sales of electric vehicles. Investors are worried that CEO Elon Musk will announce plans to abandon the rollout of a cheaper model and instead focus on developing a fully self-driving vehicle, which could face regulatory and commercial obstacles. This shift in strategy would leave Tesla without a near-term catalyst for growth and could result in the company's first quarterly sales drop since the start of the pandemic. Tesla's stock has dropped 43% this year and is currently at a 15-month low. However, there is potential for a relief rebound due to the low expectations and negative sentiment surrounding the company. [Extracted from the article]

The article features several franchises in Canada that offer mobile and home-based business opportunities. Topics discussed include the sales growth recorded by 1-888-JunkBin during the implementation of lockdown protocols in Canada due to the coronavirus disease 2019 (COVID-19) pandemic, the brand reputation and online presence of Hickory Dickory Decks, and the business training being offered to franchisees of Metropolitan Movers.

Export sales reporting is a partnership between USDA and U.S. agricultural exporters and we recognize data integrity and data quality are interrelated. On Aug. 31, USDA-FAS Administrator Daniel Whitley issued the following statement regarding weekly Export Sales reporting: USDA Foreign Agricultural Service Administrator Daniel Whitley issued the following statement today regarding weekly export sales reporting: As a result of unanticipated difficulties with the launch of the new Export Sales Reporting and Maintenance System, USDA's Foreign Agricultural Service will temporarily revert to the legacy system while we work to fully resolve the issues with the new system. [Extracted from the article]

The article reports that Fielmann Group posted a 9.2 percent year-on-year increase in external sales including VAT and changes in inventories along with increase in its revenue. It mentions that the company managed to greatly improve its quarterly profitability in the country with pre-tax earnings due to reduced material costs.

Dell Technologies Inc. has reported better-than-expected sales and profit, with sales declining 11% to $22.3 billion in the fiscal fourth quarter. The company's infrastructure unit, which includes servers, reported revenue of $9.33 billion, surpassing estimates. Dell's success is attributed to a spike in demand for high-powered servers needed for artificial intelligence (AI) workloads. However, sales of computers declined 12% to $11.7 billion, reflecting the ongoing slump in the PC market. Dell's Chief Operating Officer, Jeff Clarke, expressed optimism about the company's position in the AI market. [Extracted from the article]

HP Inc. has reported lower-than-expected quarterly revenue due to a decline in personal computer sales. The company's revenue decreased by 4.4% to $13.2 billion, missing analysts' projections of $13.6 billion. The under-performance was primarily driven by a slump in HP's consumer PC unit, with consumer sales slipping by 1% and commercial PC revenue declining by 5%. However, HP's CEO, Enrique Lores, expects PC sales to increase in 2024, driven by corporate spending, new computers tied to Microsoft's Windows 11 software, and the impact of artificial intelligence-ready PCs. HP maintained its previous outlook for the current year, with projected adjusted profit of $3.25 to $3.65 per share. [Extracted from the article]

Zoom Video Communications Inc. has reported quarterly sales and profit that exceeded analysts' expectations, indicating that corporate customers are remaining loyal to the software company. The company also announced a $1.5 billion share buyback, leading to a more than 10% increase in the stock price during extended trading. Zoom's sales increased by 2.6% to $1.15 billion, surpassing the average analyst projection of $1.13 billion. CEO Eric Yuan highlighted the company's commitment to innovation and the introduction of new features, particularly for Zoom Contact Center. Despite facing competition from Microsoft Corp. and a decline in consumer usage, Zoom aims to attract more corporate clients by expanding its product line to include phone systems, call centers, and AI assistants. [Extracted from the article]

Lagardère, the parent company of Hachette Book Group, has reported significant increases in sales and profits in its book publishing division for the first half of 2024. Total revenue rose by 5% to €1.31 billion ($1.42 billion), and earnings increased by 48% to €113 million. The growth was attributed to strong sales of both frontlist and backlist print titles, as well as a rise in downloadable audiobook sales in the U.S. and U.K. HBG, which includes Grand Central, Little, Brown Books for Young Readers, Orbit, and Hachette Audio, played a major role in the company's improved financial performance. Some of the bestselling titles included Eruption by Michael Crichton and James Patterson, Just for the Summer by Abby Jimenez, Swan Song by Elin Hilderbrand, and Big by Vashti Harrison, which won the Caldecott Medal. [Extracted from the article]

Brunello Cucinelli, the fashion company, reported a 14.1% increase in sales in the first half of the year. The company is also set to unveil a new corporate website built with the help of artificial intelligence. The growth trend was seen across all channels, geographies, and genders, with men's and women's wear each representing 50% of sales. The company is also expanding its manufacturing plant and plans to open new manufacturing sites in Italy. In a separate development, Karl Lagerfeld has entered into a licensing agreement with Morellato Group for watches and fashion jewelry, aiming to expand its consumer base. [Extracted from the article]

Ulta Beauty reported a 3.5% increase in net sales for the first quarter, reaching $2.7 billion. The growth was attributed to increased comparable sales, new store contributions, and growth in other revenue. Ulta Beauty also repurchased shares of its common stock and opened 12 new stores during the quarter. The company expects full-year sales to climb from $11.5 billion to $11.6 billion. In contrast, BeautyHealth Company experienced a 5.7% decline in net sales for the first quarter, primarily due to lower equipment sales. Grove Collaborative also saw a decline in sales, which was attributed to lower advertising spend. However, the company achieved positive adjusted EBITDA for the third consecutive quarter and remains optimistic about driving revenue growth in the second half of the year. [Extracted from the article]