Amazon Forecast is a fully managed service that uses statistical and machine learning (ML) algorithms to deliver highly accurate time series forecasts. Launched in August 2019, Forecast predates Amazon SageMaker Canvas, a popular low-code no-code AWS tool for building, customizing, and deploying ML models, including time series forecasting models. WithContinue Reading
06photo/iStock via Getty Images Airbus (OTCPK:EADSF) (OTCPK:EADSY) on Monday raised its forecast for global aircraft demand based on efforts by airlines to modernize their long-haul fleets and growth in Asia. The European plane maker, the biggest in the world, now expects the global fleet to more than double to 48,230Continue Reading
Earlier this week, exchange-traded funds (ETFs) saw their highest buying activity since early June, when the original cryptocurrency traded above $73,000. In an interview with Investing.com, Bit Digital CEO Sam Tabar shared his insights about the positive reception of the 10 recently approved spot Bitcoin ETFs. He also discussed theContinue Reading
FactoryTh BMI (a unit of Fitch Solutions) increased its 2024 copper price forecast from $9,200/tonne to $9,600/tonne, as prices continue to be led by investor sentiment that is tilted towards a rate cut by the U.S. Federal Reserve in the third quarter. Copper has pulled back since surging to aContinue Reading
Wolfe Research downgraded Paramount Global (NASDAQ:PARA) on Tuesday to “underperform” from “peer perform” on the company’s financial assumptions post-merger with Skydance and raised doubts on whether the deal will help the media giant grow its direct-to-consumer business. “Skydance will address Paramount’s DTC scale deficit with tech, money, and partners… WithContinue Reading
Average production for the first half of the year was 446 mboepd. Production in the second half of the year is expected to be impacted by planned maintenance activities. Full-year production guidance: Aker BP narrows its full-year average production forecast to 420-440 mboepd, revised from 410-440 mboepd. Aker BP willContinue Reading
Toltek/iStock via Getty Images U.S. wheat futures bounced off nearly two-month lows on Monday following forecasts for reduced Russian production in the 2024-25 marketing year. Prolonged hot and dry weather in Russia is reducing the expected output from the world’s leading wheat exporter, in a turnaround in focus from Friday’sContinue Reading
THEPALMER/E+ via Getty Images This year’s North Atlantic hurricane season is anticipated to be highly active, potentially bolstering pricing across various lines of property-casualty insurance and reinsurance, thereby catalyzing certain underwriters’ stocks, CFRA wrote in a recent note. Colorado State University’s Department of Atmospheric Science is predicting a “very active”Continue Reading
Angel Di Bilio/iStock Editorial via Getty Images Southwest Airlines Co. (NYSE:LUV) fell sharply in premarket trading after the airline carrier provided a business update. The company said its operational performance in Q2 continues to be strong, with minimal cancellations so far. Completion factor quarter-to-date has averaged approximately 99.5%, despite challengingContinue Reading
Maksim Labkouski/iStock via Getty Images Everbridge (NASDAQ:EVBG) expects its planned sale to private equity firm will be completed in Q3 after earlier forecasting a Q2 close. The parties continue to pursue the one remaining outstanding regulatory approval in Sweden required to satisfy the closing conditions set forth in the mergerContinue Reading
