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German Economy Worse Than Expected Fall In Q4
Germany's economy shrank more than estimated at the end of the year amid fears of another contraction in the first quarter, signaling that hopes of a shallow recession in the biggest euro area economy was premature as high inflation continues to weigh on household spending and investment. Gross domestic product shrank 0.4 percent from the third quarter, when the economy expanded 0.5 percent, deta
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Evergy Guides FY23 In Line With Estimates - Update
While reporting financial results for the fourth quarter on Friday, Evergy, Inc. (EVRG) initiated its earnings and adjusted earnings guidance for the full-year 2023. It also reaffirmed long-term adjusted earnings growth outlook.
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Lamar Advertising Q4 Profit Halves
Billboard firm Lamar Advertising Co. reported on Friday that profit for the fourth quarter nearly halved from last year, hurt by steeply higher depreciation and amortization expenses, despite an 8 percent revenue growth. The company also initiated financial guidance for the full-year 2023.
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Lancaster Table & Seating Brand High Chairs Recalled
Clark Associates is recalling Lancaster Table & Seating Brand high chairs citing fall risks to children, the U.S. Consumer Product Safety Commission said. The recall involves about 22,400 high chairs sold in the United States. In addition, about 52 chairs were sold in Canada.
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Sensex, Nifty Extend Recent Declines As Metal Stocks Drag
Indian shares fell for a sixth consecutive session on Friday, with mixed global cues and a rebound in oil prices keeping investors nervous.
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U.S. Dollar Appreciates Ahead Of PCE Data
The U.S. dollar climbed against its major counterparts in the European session on Friday, as investors awaited the release of U.S. personal consumption expenditures price index, the Fed's preferred gauge of inflation, due out later today.
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Boeing Halts Delivery Of 787 Dreamliners
Boeing Co. temporarily stopped deliveries of its 787 Dreamliners as directed by the Federal Aviation Administration, pending an additional analysis on a fuselage component, reports said. The FAA stated that the company cannot resume deliveries of the plane, which was halted earlier too to a series of manufacturing flaws until the agency is satisfied that the issue has been addressed.
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UK Consumer Confidence Rebounds Strongly - GfK
UK consumer sentiment improved in February from historic lows seen in the previous months to its highest level since April last year, as households were more optimistic about their personal finances and the future economic situation, despite headwinds from rising inflation, survey results from the market research group GfK showed on Friday.
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European Shares Rise On US Economic Optimism
European stocks advanced on Friday as recent strong U.S. data raised hopes a recession can be avoided.
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FTSE 100 Gains As Consumer Confidence Improves
U.K. stocks were moving higher on Friday as a survey showed British consumer confidence rebounded in February to its highest level in almost a year.
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CAC 40 Edges Higher; Saint Gobain Shares Rally On Earnings
French stocks opened higher on Friday to extend gains from the previous session amid optimism that the world may avoid a deep recession and only experience slow growth or a softer recession.
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DAX Edges Higher In Lackluster Trade; BASF Shares Tumble
German stocks edged up slightly on Friday as data showed Germany's consumer sentiment is set to strengthen for the fifth month in a row in March amid lower energy prices.
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Asian Shares Mixed In Cautious Trade
Asian stocks ended mixed on Friday despite Wall Street snapping a four-day losing streak overnight on the back of better-than-expected fourth quarter profits announced by chip maker Nvidia.
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