Colombia Bonds Drop on Reports That Fiscal Rule May be Suspended
Notes due in 2054 slipped 0.3 cent on the dollar, the biggest drop in two weeks, according to indicative pricing data compiled by Bloomberg. Local government peso bonds, or TES, also fell.
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Yahoo
13 minutes ago
- Yahoo
Data Points to Solid U.S. Retail Spending. But There Are Plenty of Troubling Signs.
Key Takeaways July reversed a decline in month-to-month retail spending, with sales rising 1.5%, according to the National Retail Federation. The trade group and analysts from Bank of America said the number may be benefitting from temporary factors, such as back-to-school spending and Prime Day. Investors will get fresh insight on Friday, when the federal government is slated to release its retail data. Retail spending was solid in July, according to new data. But will it be enough to quell concerns about tariffs and inflation? Retail sales, exclusive of car and gas spending, rose 1.5% from June to July, reversing a 0.3% decrease from May to June, the National Retail Federation said this week ahead of government retail data due Friday. Retail spending is a closely watched measure of consumer financial health; economists expect Friday's report to show July sales up 0.5% from June, according to a Wall Street Journal survey. Sales for the month rose 5.9% year-over-year, but the trade group said it was difficult to determine what drove up spending. Retail sales were relatively weak in June, NRF said, while back-to-school spending and a longer Prime Day may have inflated July's numbers, Bank of America said. Executives at a range of companies have hinted at cautious consumers during the second-quarter earnings season. Wall Street analysts have suggested that shoppers have continued to spend, but sought opportunities to trade down to cheaper versions of desired items. 'It is possible some of the increase in spending was due to retailers passing through current or prospective tariff increases onto customers,' Bank of America wrote in an analysis of credit and debit card spending in July that pointed toward a smaller increase in the number of card transactions per household than in dollars spent. Annual inflation in July was on par with the 2.7% rate reported in June, coming in just below what economists expected. Economists generally believe tariffs will lead to price increases, and potentially, spikes in inflation, though some think that companies have yet to pass along as much of the effect of tariffs to consumers as they may in the second half of the year. Cautious consumer spending has come up on a number of retailers' recent conference calls, including the outdoor gear company Yeti Holdings (YETI), the athletic apparel brand Under Armour (UA) and burger chains Jack in the Box (JACK) and McDonald's (MCD). Lower-priced store-brand products have seen more take-up lately, some grocers and food companies have said. "Guests continue to manage their check by ordering fewer beverages and appetizers as well as trading down to lower-priced items on our menus," John Peyton, CEO of the parent company of Applebee's and IHOP, Dine Brands Global (DIN), said on a recent conference call. The economic climate is hitting low-income consumers, who appear to be getting fewer hours of work while maintaining similar spending levels, harder, Bank of America said. 'The low-end consumer is a consumer that we believe is most sensitive to price increases, is most nervous, and, in some cases, is not leaving the house,' Crocs (CROX) CEO Andrew Rees said on a conference call last week, according to a transcript from AlphaSense. Read the original article on Investopedia
Bloomberg
an hour ago
- Bloomberg
Bullish Extends Post-IPO Share Gains
Bullish shares surged as high as 200% after raising $1.1 billion in an initial public offering, continuing a hot streak of crypto-related IPOs this summer, reports Bloomberg's Bailey Lipschultz on "Bloomberg Open Interest." (Source: Bloomberg)
Yahoo
an hour ago
- Yahoo
Simpar SA (BSP:SIMH3) Q2 2025 Earnings Call Highlights: Revenue Growth Amidst Profitability ...
Release Date: August 13, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Simpar SA (BSP:SIMH3) achieved a revenue growth of 5% in Q2 2025, reaching 10.5 billion, with a record EBITDA of 3 billion, up 13% from the previous year. The company has successfully increased its EBITDA margin by 2 percentage points, while EBITDA per employee grew by 25%, indicating improved operational efficiency. Simpar SA has been focusing on organic growth and operational efficiency, resulting in a 6% increase in total revenue and a 10% rise in service revenue, excluding retail. The company has broad access to funding sources due to strong relationships with the financial market, aiding in its development and capital structure improvement. Simpar SA is actively working on asset management, with plans to monetize around 3 billion in assets, which could significantly enhance liquidity and reduce leverage. Negative Points Despite revenue growth, Simpar SA reported a net loss of 36 million in Q2 2025, highlighting challenges in achieving profitability. The company's leverage remains relatively high, with a net debt to EBITDA ratio of 3.6 times, indicating ongoing financial pressure. Interest rate increases have negatively impacted the company's financial results, contributing to the net loss reported. Simpar SA is still in the early stages of executing its operational efficiency improvement plan, meaning the full benefits are not yet reflected in the financial results. The company faces challenges in managing excess inventory, with significant financial and depreciation costs associated with idle assets. Q & A Highlights Warning! GuruFocus has detected 2 Warning Signs with BSP:SIMH3. Q: How do you see the market for light vehicles, and what impact does it have on Auto Mob, Movida, and BBC? Also, are there any opportunities for increasing revenues in CCLS? A: Fernando Simons, CEO: July was a strong month for sales, particularly for Movida, and we expect the second half to be better than the first. The IPI tax changes haven't significantly affected prices or credit availability. For CCLS, the biogas amendment has improved results, and there are opportunities for further operational efficiency improvements. Q: Can you provide an update on the net CapEx reduction and expectations for the group's companies? Also, has CS Portos progressed compared to the guidance for 2026? A: Dennis Fas, Executive VP of Corporate Finance and IR Officer: The net CapEx has decreased significantly, and we expect further improvements. Regarding CS Portos, the port is ready, and demand has exceeded expectations. We are confident in meeting the 2026 guidance of 400 million in revenue. Q: What initiatives are being implemented in your subsidiaries to extract greater efficiency, and what opportunities do you see for CCLS? A: Fernando Simons, CEO: We focus on service quality and fair pricing across all subsidiaries. Vermus is cautious with credit and pricing, while Movida is adjusting prices. CCLS has significant opportunities in waste treatment, with only 40% of waste in Brazil currently treated, indicating room for growth. Q: How long will it take to address the excess inventory of 2.5-3 billion, and what is the financial impact on the group? A: Dennis Fas, Executive VP of Corporate Finance and IR Officer: The financial impact is significant, with costs around 460-500 million riais. We aim to resolve the inventory issue within 2-3 quarters without lowering prices, expecting normalization within 12 months. Q: Do you see opportunities for JSL to explore logistics services with the binational bridge awarded to CS Infra? A: Fernando Simons, CEO: While JSL is a significant user of the bridge, there is no direct dependency. However, there are opportunities for additional revenue through logistics services and warehousing, potentially benefiting the group. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
