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European Stocks Close On Weak Note After Cautious Session
European stocks closed lower on Wednesday, tracking weakness in the U.S. market amid uncertainty about the outcome of the U.S. midterm elections.
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vor 945 Tagen
Canadian Market Remains Weak After Early Setback
The Canadian market, which opened notably lower Wednesday morning, continues to languish in the red in late morning trades, with stocks from across several sectors reeling under sustained selling pressure.
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vor 945 Tagen
U.S. Wholesale Inventories Increase Less Than Expected In September
Wholesale inventories in the U.S. increased by less than expected in the month of September, according to a report released by the Commerce Department on Wednesday. The Commerce Department said wholesale inventories rose by 0.6 percent in September after surging by an upwardly revised 1.4 percent in August.
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vor 945 Tagen
Meta Cuts More Than 11,000 Jobs; Backs Q4 Revenue View
Facebook parent Meta Platforms decided to lay off more than 11,000 employees, representing about 13 percent of its global workforce, CEO Mark Zuckerberg said. The reductions are across both Family of Apps and Reality Labs segments. In a message to Meta employees, Zuckerberg said the company intends to become a leaner and more efficient company by cutting discretionary spending...
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vor 945 Tagen
Tredegar Q3 Profit Plunges
Industrial manufacturer Tredegar Corp. (TG) reported Wednesday that net income for the third-quarter plunged to $1.03 million or $0.03 per share from $6.20 million or $0.19 per share in the prior-year quarter.
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vor 945 Tagen
Bay Street Likely To Open With Negative Bias
Canadian shares are likely to open with a negative bias on Wednesday, weighed down by weak commodity prices and European stocks.
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vor 946 Tagen
Wendy's Q3 Adj. EPS Tops Estimates; Backs FY22 Profit Outlook
The Wendy's reported on Wednesday that profit for the third quarter increased 23 percent from last year, driven by higher operating profit and double-digit revenue growth. Adjusted earnings per share topped analysts' estimates by a penny, while quarterly revenues missed their estimates. The company also maintained its adjusted earnings guidance for the full-year 2022.
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vor 946 Tagen
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Performance Food Group Boosts Q2, FY23 Net Sales Outlook As Q1 Results Top Estimates
Performance Food Group Co. (PFGC) reported Wednesday that net income for the first quarter soared to $95.7 million or $0.62 per from $4.70 million or $0.03 per share in the prior-year quarter.
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vor 946 Tagen
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
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vor 946 Tagen
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.
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vor 946 Tagen
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.
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vor 946 Tagen
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.
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vor 946 Tagen
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.
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vor 946 Tagen
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