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U.S. New Home Sales Pull Back To Two-Year Low In June

After reporting an unexpected rebound in U.S. new home sales in the previous month, the Commerce Department released a report on Tuesday showing new home sales pullback by more than expected in the month of June. The report said new home sales plunged by 8.1 percent to an annual rate of 590,000 in June after jumping by 6.3 percent to a revised rate of 642,000 in May.
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U.S. Consumer Confidence Deteriorates More Than Expected In July

U.S. Consumer Confidence Deteriorates More Than Expected In July

A report released by the Conference Board on Tuesday showed consumer confidence in the U.S. deteriorated by more than expected in the month of July. The Conference Board said its consumer confidence index slid to 95.7 in July from a downwardly revised 98.4 in June. Economists had expected the index to drop to 96.8 from the 98.7 originally reported for the previous month.
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Ecolab Q2 Results Top Estimates; Sees Improved H2 Performance

Ecolab Q2 Results Top Estimates; Sees Improved H2 Performance

Ecolab Inc. (ECL) reported Tuesday that net income attributable to Ecolab for the second quarter of $308.3 million or $1.08 per share, compared to $310.8 million or $1.08 per share in the prior-year quarter.
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CTS Boosts FY22 Outlook As Q2 EPS Tops Estimates

CTS Boosts FY22 Outlook As Q2 EPS Tops Estimates

While reporting financial results for the second quarter on Tuesday, CTS Corp. (CTS) raised its adjusted earnings and sales guidance for the full year 2022.
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Corning Trims FY22 Outlook; Guides Q3 Below Estimates

Corning Trims FY22 Outlook; Guides Q3 Below Estimates

While reporting financial results for the second quarter on Tuesday, Corning Inc. (GLW) trimmed its core earnings and core sales guidance for the full year 2022. It also provided outlook for the third quarter.
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Bay Street Likely To Open On Cautious Note

Bay Street Likely To Open On Cautious Note

Lower Canadian and U.S. futures point to a cautious start for the Canadian market on Tuesday. Higher crude oil prices might trigger some buying in the energy section.
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Euro Drops On Concerns Over Russia's Gas Supply

Euro Drops On Concerns Over Russia's Gas Supply

The euro weakened against its major rivals in the European session on Tuesday, as Russia is set to further reduce gas flows to Europe, sparking fears about an energy crisis and a slowdown in economic growth.
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Iridium Boosts FY22 Revenue Outlook - Update

Iridium Boosts FY22 Revenue Outlook - Update

While reporting financial results for the second quarter on Tuesday, Iridium Communications Inc. (IRDM) raised its total service revenue growth guidance for the full-year 2022, based upon the momentum still seen from its extensive global ecosystem of business partners.
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Coca-Cola Boost FY22 Organic Revenue Growth Outlook

Coca-Cola Boost FY22 Organic Revenue Growth Outlook

While reporting financial results for the second quarter on Tuesday, beverages giant Coca-Cola Co. (KO) maintained its adjusted earnings guidance for the full-year 2022, while raising annual organic revenue growth outlook. The company also provided outlook for the third quarter.
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GE Q2 Loss Narrows, Results Top Estimates

GE Q2 Loss Narrows, Results Top Estimates

Industrial conglomerate General Electric Co. (GE) reported Tuesday a net loss attributable to common shareowners for the quarter of $0.78 per share, narrower than $1.08 per share in the prior-year quarter.
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FTSE 100 Rises Led By Commodity Stocks

FTSE 100 Rises Led By Commodity Stocks

U.K. stocks rose notably on Tuesday as higher prices of iron ore and crude prices helped lift commodity-related stocks.
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