Ranger Energy Services Q4 Adj. EBITDA Rises; Revenue Up 25%

Ranger Energy Services, Inc. (RNGR) reported that its fourth quarter net income was $7.6 million compared to $24.4 million, prior year. The company said the decrease in net income relative to the prior year period primarily reflects the non-recurring impact of a $37.2 million gain on bargain purchase relating to […]

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Eurozone Private Sector Expands Most Since Mid-2022

Alleviating fears of a recession, the euro area private sector activity grew the most since mid-2022 as there was a quick upturn in the services sector, while manufacturing activity landed on broad stabilization in February. The final composite output index rose to 52.0 in February from 50.3 in January, data […]

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China Service Sector Gains Strength In February

China’s service sector activity gained strength in February with strong support from new business and employment after the easing of pandemic-related restrictions, survey results published by S&P Global showed on Friday. The Caixin services Purchasing Managers’ Index picked up to 55.0 in February from 52.9 in January. The reading was […]

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Swiss Economy Stagnates In Q4

Despite the moderate growth in consumer spending, Switzerland’s economy stagnated at the end of 2022 as the challenging global conditions curtailed exports and manufacturing output. Gross domestic product logged a flat sequential growth in the fourth quarter after expanding 0.2 percent in the previous three months, the State Secretariat for […]

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Visa, Mastercard pause crypto push in wake of industry meltdown

video Is anyone investing in cryptocurrency anymore? Primetime Partners co-founder and chairperson Alan Patricof provides insight on investing and cryptocurrency and the push for electric vehicles on ‘The Claman Countdown.’ U.S. payment giants Visa and Mastercard are slamming the brakes on plans to forge new partnerships with crypto firms after […]

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Japan Consumer Price Inflation At 41-Year High

Japan’s consumer price inflation accelerated further in January to hit a fresh 41-year high, adding pressure on the central bank to withdraw its massive monetary stimulus. Core inflation that excludes volatile fresh food climbed to 4.2 percent in January from 4.0 percent in the previous month, data from the Ministry […]

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British Retailers Expect Sales To Fall In March: CBI

UK retailers expect sales to decline next month and remained pessimistic about the business outlook, survey results from the Confederation of British Industry showed Thursday. A net 2 percent of retailers said their sales volume increased in the year to February, the Distributive Trades Survey showed. This was better than […]

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