Pemmas Investors

10/12/2024

Shout out to my newest followers! Excited to have you onboard! Henry Stanley, Joyanne Tamara

10/12/2024

10/12/2024

Oracle fell nearly 8% in extended trading after it reported quarterly earnings that missed estimates slightly and issued weaker-than-expected guidance. The database software provider reported fiscal second-quarter revenue of $14.1 billion, a 9% year-on-year increase. It reported $4.21 billion in profit or $1.47 per share for the period that ended in late November.

The software giant reported $4.21 billion in profit, or $1.47 per share, for the three months that ended in late November.

10/12/2024

WORLD BANK downgrades Kenya's economic growth estimate for this year to 4.7pc, from an initial 5.0pc; cites Nairobi’s fiscal challenges, impact of floods and anti-government protests.

09/12/2024

Novolex said it will purchase rival packaging maker Pactiv Evergreen for $18 a share, or $6.7 billion including debt

Apollo Global Management Inc.-owned packaging company Novolex said it will purchase rival Pactiv Evergreen Inc. for $18 a share, or $6.7 billion including debt.

09/12/2024

Women's wealth is projected to increase by more than $10 trillion in the next six years.

A spike in female fortunes thanks to inheritance and career gains is set to transform investing and philanthropy around the world.

09/12/2024

China consumer inflation rate drops to a five-month low, missing expectations as economy slows
https://www.cnbc.com/2024/12/09/china-consumer-prices-climb-less-than-expected-as-economy-slows-amid-trade-war-worries.html

09/12/2024

Australia’s banking regulator is pushing ahead to scrap the market for contingent convertible securities, becoming the first country to phase out the securities that were wiped out after the collapse of Credit Suisse last year

Australia’s financial regulator is pushing ahead to become the first country to phase out its banks’ use of contingent convertible securities that were wiped out at Credit Suisse last year.