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B. Riley Financial Guides Q4, FY22 Operating Adjusted EBITDA
(RTTNews) - Financial services platform B. Riley Financial, Inc. (RILY) on Tuesday released fourth quarter guidance for Operating Adjusted EBITDA in the range of $90 million to $100 million. For the full year 2022, the Company estimates Operating Adjusted EBITDA in the range of $355 million to $365 million.
The Company estimates investment losses in the range of $125 million to $150 million for the fourth quarter of 2022, and $405 million to $430 million for the full year 2022. Estimated mark-to-market investment losses reflect continued softness in small cap markets.
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Eurozone GDP Growth Beats Expectations
The euro area economy expanded at a faster pace in the third quarter as France and Spain reported strong growth, while Germany and Italy experienced stagnation, amid a highly uncertain outlook due to the ongoing trade policies and political instability. Gross domestic product climbed 0.2 percent sequentially in the September quarter, preliminary flash estimate from Eurostat showed on Thursday.
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hace 46 minutos
Bay Street Likely To Open Weak
Weak commodity prices, lower European stocks and U.S. and Canadian futures point to a negative start for the Canadian market on Thursday. The Federal Reserve and Bank of Canada lowered interest rates on Wednesday but have ruled out the possibility of another cut this year.
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hace 1h 39min
German Economy Stagnates On Weaker Exports; Unemployment Falls
The German economy stagnated in the third quarter, narrowly dodging a recession as higher U.S. tariffs damped exports and the optimism about the fiscal stimulus faded, while unemployment logged an unexpected moderate fall. Gross domestic product remained unchanged, as expected, following a revised decline of 0.2 percent in the second quarter, the preliminary estimate from Destatis revealed on T
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hace 1h 42min
FTSE 100 Moderately Lower; WPP Tanks On Lower Earnings, Forecast
The UK stock market is down in negative territory on Thursday, mirroring the trend in other major European markets, as investors react to the latest batch of earnings announcements from the domestic and global front, and some regional economic data.
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hace 2h 30min
CAC 40 Drifts Lower; Investors React To Earnings And Await ECB Policy
France's benchmark index CAC 40 is down in negative territory on Thursday with investors reacting to a slew of earnings updates and regional economic data, the Federal Reserve's interest rate cut and the warning that no further reduction is likely this year.
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hace 3h 27min
Sensex, Nifty Decline On Hawkish Fed Remarks
Indian shares fell notably on Thursday as investors reacted to hawkish comments from Federal Reserve Chair Jerome Powell, mixed earnings results from mega-cap U.S. technology companies and the latest updates from U.S.-China trade negotiations.
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hace 4h 10min
DAX Down Nearly 6% On Mixed Earnings Updates
German stocks are showing some weakness on Thursday with investors mostly making cautious moves after Federal Reserve Chair Jerome Powell's caution that another interest rate cut by the central bank is unlikely this year.
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hace 4h 14min
European Shares Subdued Ahead Of ECB Decision
European stocks nudged lower on Thursday after Federal Reserve Chair Jerome Powell cautioned investors not to expect another interest rate cut in December and mega-cap U.S. technology companies reported mixed earnings results.
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hace 5h 27min
