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European Stocks Close Mixed After Cautious Session
European stocks closed on a mixed note on Tuesday with investors largely making cautious moves amid concerns about slowing global economy, and geopolitical tensions.
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Canadian Market Up Marginally In Cautious Trade
After opening slightly lower and slipping further down, the Canadian market emerged into positive territory Tuesday morning, and is slightly higher a little past noon with stocks from energy, communications and technology stocks posting notable gains.
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U.S. Trade Deficit Widens In December
The Commerce Department released a report on Tuesday showing an increase in the size of the U.S. trade deficit in the month of December.
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Google Unveils Conversational AI Service Bard
Tech major Google, owned by Alphabet Inc., has unveiled a new chatbot tool called Bard. The experimental conversational artificial intelligence or AI service is built on a large language model, powered by the company's Language Model for Dialogue Applications or LaMDA.
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CTS Q4 Results Miss Estimates, But Boosts FY23 Outlook
While reporting financial results for the fourth quarter on Tuesday, CTS Corp. (CTS) raised its adjusted earnings and sales guidance for the full year 2023.
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Higher Commodity Prices Point To Positive Start On Bay Street
Canadian shares are likely to open with a positive bias Tuesday morning, tracking higher commodity prices.
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Pound Falls In Cautious Trade
The pound declined against its major counterparts in the European session on Tuesday, as investors awaited U.S. Federal Reserve Chair Jerome Powell's speech later in the day for additional clues about the outlook for further rate hikes.
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more news
TransDigm Group Boosts FY23 Outlook - Update
While reporting financial results for the first quarter on Tuesday, TransDigm Group Inc. (TDG) raised its earnings, adjusted earnings and net sales guidance for the full-year 2023, based on strong first quarter results and current expectations for the remainder of the fiscal year.
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DuPont Q4 Results Miss Estimates; Boosts Dividend 9%
DuPont reported Tuesday a profit from continuing operations for the fourth quarter that decreased 37 percent from last year, hurt by charges related to the intended Rogers transaction. Both adjusted earnings per share from continuing operations and quarterly net sales missed analysts' expectations. The company also provide guidance for the first quarter and the full-year 2023.
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UK House Prices Remain Stable Amid Subdued Housing Market Outlook
House prices in the United Kingdom showed no variations at the start of the year after falling in the previous four months, and are likely to witness a sluggish housing market throughout this year amid the rising cost of living and higher interest rates, survey data from the Lloyds Bank subsidiary Halifax and S&P Global showed on Tuesday.
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Siemens Energy Q1 Net Loss Widens, Cuts FY23 View; Stock Down
Shares of Siemens Energy AG were losing around 5 percent in German trading after the energy development company reported Tuesday wider net loss in its first quarter and adjusted fiscal 2023 forecast to now expect net loss same as the prior year. Revenues and orders for the quarter, however, climbed and the company maintained its fiscal 2023 revenue forecast.
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Sensex, Nifty Extend Declines For Second Day As Metal Stocks Drag
Indian shares fell in cautious trade on Tuesday, with metal stocks leading losses after Tata Steel posted a surprise loss of Rs 2,501.95 crore in the quarter ended December 31 on account of higher expenses.
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Decline In German Industrial Output Biggest In 9 Months
Germany's industrial production declined the most in nine months in December driven by the sharp fall in output of intermediate goods, data published by Destatis showed Tuesday. Industrial production slid 3.1 percent on a monthly basis, reversing the 0.4 percent rise in November.
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