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RBA's Bullock Says Rate Hikes, Cost Of Living Crisis To Bring Inflation Down

RBA's Bullock Says Rate Hikes, Cost Of Living Crisis To Bring Inflation Down

Reserve Bank of Australia Deputy Governor Michele Bullock said the interest rate hikes together with the cost of living pressures are set to weigh on consumption and cool demand, thus help to bring inflation back to the target. Although inflation forecasts were revised up a little, there are good reasons to believe that the peak of the inflation is approaching, Bullock said in Sydney on Wednesday
RTTNews | Před 918 dny
Capri Holdings Backs FY22 EPS Outlook, But Trimmed Revenue Forecast

Capri Holdings Backs FY22 EPS Outlook, But Trimmed Revenue Forecast

While reporting financial results for the second quarter on Wednesday, fashion luxury group Capri Holdings Ltd. (CPRI) maintains its earnings guidance for the full-year 2023, while trimming annual revenue outlook. The company also provided forecast for the third quarter.
RTTNews | Před 918 dny
Elon Musk Sells $3.95 Bln Worth Tesla Shares

Elon Musk Sells $3.95 Bln Worth Tesla Shares

Tesla Inc. founder and Chief Executive Officer Elon Musk has sold at least $3.95 billion worth of his stake in the electric vehicle maker after completing his $44 billion acquisition of Twitter Inc., U.S. regulatory filings showed. In pre-market activity on Nasdaq, Tesla shares were gaining around 1.5 percent to trade at $194.22.
RTTNews | Před 918 dny
Allete Q3 Earnings Miss Estimates; Maintains FY22 Outlook

Allete Q3 Earnings Miss Estimates; Maintains FY22 Outlook

Energy utility Allete Inc. (ALE) reported Wednesday that net income attributable to ALLETE for the third quarter grew to $33.7 million or $0.59 per share from $27.6 million or $0.53 per share in the prior-year quarter.
RTTNews | Před 918 dny
Pound Drops Amid Risk Aversion

Pound Drops Amid Risk Aversion

The pound weakened against its major counterparts in the European session on Wednesday amid risk aversion, as investors awaited the outcome of the U.S. midterm elections and inflation data.
RTTNews | Před 918 dny
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Adidas Q3 Profit Down; Cuts FY22 Outlook

Adidas Q3 Profit Down; Cuts FY22 Outlook

German sports sneaker and apparel maker Adidas AG on Wednesday reported sharply lower profit in its third quarter, despite higher net sales. The company also trimmed its fiscal 2022 forecast, mainly reflecting the impact from the recent termination of adidas Yeezy partnership.
RTTNews | Před 918 dny

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