Consumer prices rose faster for a fifth straight month to a 26-month high in February as food prices continued to surge, the Philippine Statistics Agency reported on Friday. Preliminary data from the PSA showed headline inflation at 4.7% last month, picking up from 4.2% in January 2021 and 2.6% in February 2020. The February inflation result marked the fastest pace…
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The Trade Desk stock drops 20% in two days after Google clarifies ad-tracking policy
Google's post Wednesday warned against solutions "like PII graphs based on people's email addresses," casting doubt on the future of some ad-tech proposals. Source link
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PHL shares snap rally on profit taking, virus fears
THE benchmark index ended its four-day winning streak, closing in the red on Thursday on profit taking following developments in the coronavirus disease 2019 (COVID-19) situation in the country. The Philippine Stock Exchange index (PSEi) went down by 60.27 points or 0.86% to close at 6,882.49 on Thursday, while the broader all shares index declined by 23.54 points or 0.56%…
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Snowflake falls after product revenue forecast fails to beat estimates
Snowflake's product revenue guidance for the full fiscal year came in right in line with analysts' estimates, forecasting a slowdown ahead. Source link
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PSEi rises further on vaccinations, firms’ earnings
LOCAL SHARES climbed further on Wednesday on last-minute bargain hunting as optimism over the start of the government’s vaccination program continued to lift the market. The Philippine Stock Exchange index (PSEi) inched up by 23.22 points or 0.33% to close at 6,942.76 on Wednesday, while the all shares index increased 6.84 points or 0.16% to 4,186.76. “With [the] majority of…
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Nordstrom shares fall as shipping delays boost retailer's inventory heading into 2021
Nordstrom's fourth-quarter results topped analysts' estimates, but the company warned that it is still working through impacts from delayed holiday shipments. Source link
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Local stocks extend climb as vaccinations start
PHILIPPINE SHARES closed in the green as investors remained optimistic after the country’s coronavirus disease 2019 (COVID-19) vaccinations started. The benchmark Philippine Stock Exchange index (PSEi) went up by 46.57 points or 0.67% to close at 6,919.54 on Tuesday, while the broader all shares index climbed 14.52 points or 0.34% to 4,179.92. “The local bourse managed to close the day…
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Apple stock has biggest day since Oct. 12 after Buffett endorsement, stores reopen
The rise comes after Berkshire Hathaway chairman and CEO Warren Buffett said in his letter to investors published this weekend that his firm owns 5.4% of Apple. Source link
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Peso steady on PMI data, vaccination
THE PESO closed unchanged versus the greenback on Monday as the market priced in steady manufacturing activity in February and the start of the government’s vaccination drive. The local unit closed at P48.59 per dollar on Monday, unchanged from its Friday finish, data from the Bankers Association of the Philippines showed. The peso opened Monday’s session at P48.60 per dollar.…
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CDC panel recommends use of J&J's single-shot Covid vaccine
CDC Director Dr. Rochelle Walensky said Friday that she would "stand by to review" the ACIP's recommendation and be "ready to sign." Source link
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