The shutdown’s effect will probably be mostly temporary, but will leave a data fog at an otherwise uncertain time for the economy https://t.co/ZlfD4RuMmi ...

Financial Data and Key Metrics Changes - Consolidated adjusted EBITDA reached $36 million, reflecting a 23.7% year-over-year reduction, with the adjusted EBITDA margin contracting to 20.8%, a decline of 315 basis points year-over-year [5][12][16] - Net loss attributable to the owner of the company totaled ARS 8.5 billion for the quarter, compared to a net gain of ARS 27.9 billion in the same quarter last year [15][16] - Net debt declined by $9 million quarter-over-quarter to $206 million, with a net debt-to-EBITDA ratio of 1.49 times, up from 0.89 times at the end of 2024 [5][16][18] Business Line Data and Key Metrics Changes - Revenue in the cement segment declined 13.2% year-over-year, driven by a 5.4% contraction in volumes and softer pricing [8][12] - Concrete revenues remained broadly flat versus the third quarter of 2024, with a 37.8% increase in volumes offset by softer pricing dynamics [9][12] - The aggregates segment posted a slight 0.8% revenue decline, despite a 26.3% increase in sales volumes driven by higher activity in road construction [9][10] Market Data and Key Metrics Changes - Cement dispatches fell around 1% in the quarter, largely explained by a soft July, although September volumes were the highest in 22 months [6][7] - VAC cement dispatches reached 44% of total industry dispatches, showing strong performance in line with the previous quarter [7] - October's volumes showed renewed strength, with a 7.4% year-over-year increase, indicating a potential recovery in the market [7][26] Company Strategy and Development Direction - The company aims to optimize performance and support the country's development as conditions normalize, with a focus on unlocking investment projects that have been on hold [19][20] - The recent electoral outcome is expected to provide stability needed for investment projects, with management expressing optimism about higher activity levels [19][26] Management Comments on Operating Environment and Future Outlook - Management noted that key industry activity lost momentum due to a slowing economy and uncertainty around the electoral process, but expressed optimism for recovery following the elections [4][19] - The company expects to see a recovery in pricing in dollar terms with a more stable exchange rate and plans to increase prices above inflation [24][25] Other Important Information - The company began dispatching new 25-kilogram bags during the quarter, which were well received by customers [19] - Cash flow generation from operating activities totaled ARS 32 billion, reflecting higher working capital requirements and lower operational results [16][17] Q&A Session Summary Question: Pricing outlook for the company - Management indicated that pricing dynamics are expected to improve, with plans to increase prices above inflation in the coming months, especially with a more stable exchange rate [22][24] Question: Capital allocation and dividend distribution - Management stated that due to the macroeconomic situation in Argentina, they have not advanced with dividend payments this year but plan to reassess the situation for 2026 [24][25] Question: Early call orders or volumes for the fourth quarter - Management noted a recovery in volumes for October, driven by pre-election investment hesitance and a favorable exchange rate, expressing optimism for continued volume growth [26][27]

12 billion out of how much was proposed. Yeah. So we had about $16 billion on the ballots this year and that is a smaller amount compared to last year. During the presidential election, we had about 80 billion then.But, you know, it's an off cycle election year, so it's pretty normal. So what were some of the more notable proposals on the ballot. So there is an interesting one coming out of Denver, Colorado.We had a $950 million bond package there. And so that did get approved by voters. And so the city wil ...

Core Viewpoint - ITV is implementing additional cost-saving measures of £35M ($45.7M) in response to a softening UK economy and reduced advertising demand, while maintaining steady year-to-date revenues [1][2]. Financial Performance - Year-to-date group revenues for ITV reached £2.8B, reflecting a 2% increase from £2.74B in the previous year [3]. - ITV Studios reported revenue of £1.35B, an 11% increase from £1.22B in 2024, with external revenue up 20% due to demand from streaming platforms [4]. - The Media & Entertainment (M&E) networks saw total revenue decline by 5% to £1.44B, although digital advertising revenue increased by 15% [5]. Strategic Adjustments - ITV plans to shift £20M of programming costs to 2026 and achieve an additional £15M in non-content savings through reduced discretionary and marketing spending, adjusting the total content budget for 2025 to approximately £1.21B [2]. - The company remains confident in delivering good growth in ITV Studios revenue and digital revenue for the full year, supported by strategic cost management [7]. Market Outlook - The economic outlook in the UK is uncertain, with caution observed across various business sectors ahead of the upcoming Budget [4]. - ITV's overall performance has exceeded market expectations, attributed to its long-term "More Than TV" strategy [6].

The biggest slump in a month for US stocks is leading investors to query whether long-running concerns over lofty tech valuations, narrow market breadth and economic uncertainty will finally bring an end to the bull run that started in April. https://t.co/8JU3aBwfKW ...

Core Insights - UDR reported better than expected same-store revenue growth of 2.6%, but faced slowed leasing conditions in Q3 2025 [1] - The apartment industry is experiencing a deceleration in rent growth due to various economic factors, including employment uncertainty and high levels of new housing supply [2] - UDR's Sun Belt market is lagging behind coastal markets due to increased new housing supply and economic uncertainty [3] Financial Performance - Year-over-year, UDR's expenses increased by 3.1% and net operating income (NOI) grew by 2.3% in Q3 [1] - Occupancy rates were strong at 96.6%, up 30 basis points from the previous year, while other income remained steady at 8.5% [6] - Same-store expenses increased by 3.1% year-over-year, attributed to real estate tax relief and insurance savings [6] Market Outlook - UDR forecasts flat same-store revenue earnings for 2026, which is below historic averages [3] - Despite challenging leasing conditions, UDR anticipates benefits from America's housing shortage and decreasing new supply across most markets [4] - The company experienced a nearly 300 basis point reduction in resident turnover, which helped unlock revenue and expense benefits [5]

Core Insights - Harley-Davidson reported an increase in third-quarter profit, indicating a positive financial performance despite external challenges [1] - The company highlighted that demand for motorcycles remains weak, primarily due to economic uncertainty and the impact of global tariffs [1] Financial Performance - The third-quarter profit showed an upward trend compared to previous periods, reflecting effective cost management and operational efficiency [1] - Specific financial figures were not disclosed in the summary, but the profit increase suggests a favorable financial trajectory for the company [1] Market Demand - Demand for motorcycles is described as "soft," indicating a potential decline in consumer interest or purchasing power [1] - Economic uncertainty and global tariffs are identified as key factors contributing to the subdued demand for Harley-Davidson's products [1]

There's something about walking Home Depot's aisles that's relaxing. It's hard to put my finger on it, but perhaps it's rooted in a general sense of purpose — things need to get done, and this is where you go to help do them. The feeling of accomplishment from building, fixing, or improving your home is not only emotionally rewarding but good for your wallet. Upgrading to fiber cement siding, swapping in a new garage door, and a minor kitchen remodel all increase the value of your home by more than they ...

Mortgage rates in the US fell for a fourth week, inching closer to 6% even as economic uncertainty is keeping buyers pinned to the sidelines https://t.co/qaVNngWKsv ...

Market Performance - Nasdaq closed in the green, while the S&P was nearly unchanged and the Dow was down more than 70 points [1] - Nvidia became the first company to hit a $5 trillion valuation, up nearly 15% in the last five trading sessions [1] - Adidas shares dropped more than 10% due to weak sales in North America [1] - Gold settled back above $4,000 but pulled back in the last few hours [1] Federal Reserve (The Fed) Actions and Stance - The Fed cut interest rates by a quarter point, bringing the new range to 375 to 4% [4] - Fed Chair Powell signaled a more neutral stance on a December rate cut, disappointing markets [4] - Traders are pricing in a 30+% chance that rates will remain unchanged at the central bank's final meeting of 2025 [3] - The probability of a rate cut in January rose from 42% to 80% after the press conference [5] - Two descents occurred during the vote: one wanted a 50 basis point rate cut, and the other favored no rate change [7] Economic Indicators and Concerns - The Fed noted reasonably strong economic growth and a booming stock market [6] - The Fed is assessing whether it has taken out enough insurance against a potential weakening in the job market [9] - Inflation is still high, and core PCE is going up [15] - The market may be overly optimistic about future rate cuts, as the Fed indicated that unless data weakens meaningfully, they are not cutting in December [14]