© Reuters. Paychex Earnings, Revenue Beat in Q2

Investing.com – Paychex (NASDAQ:) reported on Wednesday second quarter that beat analysts’ forecasts and revenue that topped expectations.

Paychex announced earnings per share of $0.91 on revenue of $1.11B. Analysts polled by Investing.com anticipated EPS of $0.7974 on revenue of $1.06B.

Paychex shares are up 23% from the beginning of the year, still down 0.31% from its 52 week high of $126.82 set on November 22. They are outperforming the Nasdaq which is up 19.03% from the start of the year.

Paychex shares gained 3.61% in pre-market trade following the report.

Paychex

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© Reuters. FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. REUTERS/Angus MordanT/File Photo

By Noah Browning

LONDON (Reuters) -Oil prices slumped by about $3 on Monday as surging cases of the Omicron coronavirus variant in Europe and the United States stoked investor worries that new mobility restrictions to combat its spread could hit fuel demand.

futures fell by $2.79, or 3.7%, to $70.73 a barrel by 1330 GMT while U.S. West Texas Intermediate (WTI) crude futures were down $3.26, or 4.6%, at $67.60.

“Oil

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Powerbridge Technologies to Expand its Cryptocurrency Mining Operations into North America

Powerbridge Technologies Co., Ltd. (Nasdaq: PBTS) (“Powerbridge” or the “Company”), a SaaS solutions and Blockchain applications provider, today announced that its wholly owned subsidiary, Powercrypto Holdings (“Powercrypto”) planned to expand its cryptomining business into North America.

Powercrypto is working with its local partner in bidding for a facility in Canada with the capacity to host up to 20,000 BTC and ETH mining rigs, powered by a sustainable and green energy supply. The Canadian government has been very supportive to the cryptocurrency industry, which provides incentives to Powercrypto to set

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© Reuters. FILE PHOTO: A logo of Turkey’s Central Bank (TCMB) is pictured at the entrance of the bank’s headquarters in Ankara, Turkey April 19, 2015. REUTERS/Umit Bektas//File Photo

LONDON (Reuters) -Turkey’s central bank cut its policy rate again as expected by 100 basis points to 14% on Thursday despite inflation soaring above 21%, sending the lira to a fresh record low.

Below is the reaction from analysts to the latest move:

JAKOB CHRISTENSEN, DANSKE BANK

“We expect that even though they are now staying on hold, the fact that inflation will be peaking further, and that the U.S. central

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© Reuters. Is the ARK Innovation ETF a Buy Under $100?

Renowned institutional investor Cathie Wood’s Ark Innovation ETF (ARKK) has been one of the worst-performing ETFs in the tech sector so far this year, with some of its major holdings losing momentum. And because the Federal Reserve is expected to increase interest rates in the near term, the question is will ARKK rebound soon? Read more to find out.Cathie Wood’s flagship Ark Innovation ETF (ARKK) has been one of the worst performing ETFs managed by her asset management company Ark Investment Management LLC. The ETF has slumped 24.1% in

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© Reuters. FILE PHOTO: A screen shows news footage of flags of the People’s Republic of China and the Republic of Nicaragua, in Beijing, China December 10, 2021. REUTERS/Tingshu Wang

By Frank Jack Daniel and Drazen Jorgic

(Reuters) – A creeping barrage of U.S. sanctions on top Central American officials has made China an attractive partner for governments resisting Washington’s push to tackle corruption and democratic backsliding in the region, officials and analysts say.

The trend was thrust into focus this week when Nicaragua re-established ties with Beijing https://www.reuters.com/world/americas/honduras-next-government-maintain-taiwan-ties-now-transition-team-says-2021-12-10, severing a longstanding relationship with U.S. ally Taiwan, which relies heavily

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