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European Stocks Close Lower Ahead Of Fed Policy Announcement
European stocks closed firmly down in negative territory on Wednesday with investors reacting to a mixed batch of earnings updates from the region, and looking ahead to the Federal Reserve's monetary policy announcement later in the day.
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vor 662 Tagen
U.S. New Home Sales Pull Back Off 15-Month High In June
A report released by the Commerce Department on Wednesday showed a notable pullback in new home sales in the U.S. in the month of June. The Commerce Department said new home sales slumped by 2.5 percent to an annual rate of 697,000 in June after surging by 6.6 percent to a downwardly revised rate of 715,000 in May.
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vor 662 Tagen
U.S. Dollar Lower Ahead Of Fed Decision
The U.S. dollar declined against its major counterparts in the European session on Wednesday, as investors awaited the U.S. Federal Reserve's interest rate decision for clues on the path of future rate hikes this year.
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vor 662 Tagen
Mattel Says President And COO Richard Dickson To Step Down
Toy maker Mattel, Inc. (MAT) announced Wednesday that Richard Dickson, President and Chief Operating Officer, will step down from his position with the Company effective August 3, 2023 to take the role of president and chief executive officer at another public company.
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vor 662 Tagen
Eurozone Bank Lending, Money Supply Growth Weakens On Tight Monetary Policy
Eurozone bank lending and money supply registered slower growth in June, reflecting the pass through effect of the rising interest rates, data released by the European Central Bank revealed on Wednesday. Credit to the private sector posted an annual growth of 1.5 percent in June following May's 2.2 percent increase.
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vor 662 Tagen
SunPower Says Q2 Preliminary Revenue Down 11% To $464 Mln
While providing preliminary unaudited financial results for the second quarter on Wednesday, SunPower Corp. (SPWR) reported a net loss of $30 million on revenues of $464 million, up 11 percent year-over-year. Customer growth was of 20,400 new customers.
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vor 662 Tagen
Bay Street Seen Opening On Weak Note; Fed Policy Eyed
Lower Canadian and U.S. futures and weak European stocks point to a negative start for the Canadian market on Wednesday.
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vor 662 Tagen
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Japan Government Retains Economic View
Japan's government retained its view on the economy as the private consumption and business investment are expected to support moderate recovery, and upgraded its assessment on business conditions. In the monthly report released Wednesday, the Cabinet Office said that the economy is recovering at a moderate pace.
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vor 662 Tagen
M/I Homes Q2 Profit Rises 12%, Revenue Up 16%
M/I Homes, Inc. (MHO), a builder of single-family homes, reported Wednesday that net income for the second quarter increased to $103.07 million or $3.64 per share from $91.84 million or $3.16 per share in the prior-year quarter.
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vor 662 Tagen
Teledyne Technologies Reiterates FY23 Adj. EPS Outlook - Update
While reporting financial results for the second quarter on Wednesday, Teledyne Technologies Inc. (TDY) reiterated its adjusted earnings guidance for fiscal 2023 in the range of $19.00 to $19.20 per share.
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vor 662 Tagen
Swiss Franc Climbs Amid Risk Aversion
The Swiss franc was higher against its most major counterparts in the European session on Wednesday amid risk aversion, as investors digested mixed earnings and looked ahead to the U.S. Federal Reserve's interest rate decision later in the day.
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vor 662 Tagen
Quest Diagnostics Boosts FY23 Adj. EPS, Revenue Outlook - Update
While reporting financial results for the second quarter on Wednesday, Quest Diagnostics Inc. (DGX) raised its adjusted earnings and revenue guidance for the full-year 2023.
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vor 662 Tagen
Central Pacific Financial Q2 Profit Declines, But Meets Estimates
Central Pacific Financial Corp. (CPF) the parent company of Central Pacific Bank, on Wednesday reported that net income for the second quarter declined to $14.48 million or $0.53 per share from $17.59 million or $0.64 per share in the prior-year quarter.
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vor 662 Tagen
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