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Advance Auto Parts Guides FY24 EPS Above Estimates - Update
While reporting financial results for the fourth quarter on Wednesday, automotive aftermarket parts provider Advance Auto Parts Inc. (AAP) initiated earnings, net sales and comparable store sales growth guidance for the full year 2024.
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Viatris Guides FY24 In Line With Estimates - Update
While reporting financial results for the fourth quarter on Wednesday, healthcare company Viatris Inc. (VTRS) initiated its adjusted earnings and revenue guidance for the full-year 2024.
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Donaldson Reaffirms FY23 Adj. EPS, Sales Growth Outlook; Q2 Results Top Estimates
While reporting financial results for the second quarter on Wednesday, Donaldson Co. Inc. (DCI) reaffirmed its adjusted earnings and sales growth guidance for the full-year 2024.
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Apple Cancels Electric Car Project
Apple Inc. is canceling its electric car project, which was under development for nearly 10 years, Bloomberg reported, citing people with knowledge of the matter. The tech major is likely to move some of the nearly 2,000 employees in the Special Projects Group, called Project Titan, to its generative artificial intelligence or AI division.
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Sensex, Nifty Tumble Ahead Of US Inflation Data
Indian shares fell sharply on Wednesday as investors awaited key inflation readings in the U.S. and Europe, Q4 U.S. GDP data and China PMI figures this week for directional cues.
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Hong Kong Scraps Property Curbs; Lifts Tax On High Income Earners
Hong Kong Financial Secretary Paul Chan on Wednesday scrapped measures intended to cool the property market, and raised the tax on high income earners to plug the hole in the budget. In the Budget Speech, Chan estimated economic growth of 2.5- 3.5 percent in 2024 after posting an expansion of 3.2 percent in 2023.
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European Shares Mixed Amid Earnings Deluge
European stocks were mixed on Wednesday as investors awaited the release of key U.S. and Eurozone inflation readings along with Chinese PMI data this week for directional cues.
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FTSE 100 Declines On Earnings
U.K. stocks traded lower on Wednesday as investors digested a slew of mixed earnings updates and looked ahead to the release of U.S. and Eurozone inflation readings this week for directional cues.
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CAC 40 Struggles For Direction Ahead Of Key Inflation Data
French stocks were little changed on Wednesday as investors awaited the release of key U.S. and Eurozone inflation readings along with Chinese PMI data due this week for directional cues.
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DAX Marginally Higher Ahead Of US GDP Data
German stocks were slightly higher on Wednesday as investors awaited key inflation readings in Europe and the U.S. this week for clues on the interest-rate outlook.
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Asian Shares Mixed As Rate Cut Worries Persist
Asian stocks ended on a mixed note Wednesday as worries over rate cuts persisted, and investors awaited the release of U.S. and Eurozone inflation readings as well as Chinese PMI data this week for near-term direction.
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U.S. Dollar Rises, Focus On U.S. Inflation Data
The U.S. dollar strengthened against other major currencies in the Asian session on Wednesday, as traders await the inflation due Thursday for signals on U.S. Federal Reserve's action on interest rate cut.
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Kiwi Falls As RBNZ Monetary Policy Spurs Less Chance Of Rate Hike
The New Zealand dollar weakened against other major currencies in the Asian session on Wednesday, after the New Zealand's central bank left the benchmark interest rate unchanged for the fifth straight meeting, as widely expected, and suggested that the rate will remain tight for a sustained period of time.
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