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Canadian Dollar Weakens As Recession Worries Weigh
The Canadian dollar declined against its major counterparts in European deals on Wednesday, as investors fear that continued monetary tightening in the U.S. could derail the economic growth.
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893天前
U.S. Labor Productivity Climbs More Than Previously Estimated In Q3
Revised data released by the Labor Department on Wednesday showed U.S. labor productivity increased by much more than initially estimated in the third quarter.
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893天前
Brown-Forman Boosts FY23 Organic Net Sales Growth Outlook - Update
While reporting financial results for the second quarter on Wednesday, beverage alcohol maker Brown-Forman Corp. (BFA, BFB) said it now anticipates organic net sales growth in the high-single digit range for fiscal 2023 to reflect the strength of its portfolio of brands, stronger consumer demand, and the easing of supply chain constraints.
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893天前
Mobileye Global Q3 Loss Widens
Mobileye Global Inc. (MBLY) reported Wednesday that net loss for the third quarter widened to $45 million or $0.06 per share from $26 million or $0.03 per share in the prior-year quarter.
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893天前
Bay Street Likely To Open Weak; BoC Rate Decision In Focus
Lower Canadian and U.S. futures point to a weak start for the Canadian market on Wednesday. The focus will be the Bank of Canada's interest rate decision, due at 10 AM ET.
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893天前
Eurozone Q3 GDP Growth Revised Up To 0.3% On Household Spending, Investment
The euro area economy posted a better-than-initially estimated growth in the third quarter on household spending and investment, but the revision little changes the bleak outlook for a recession in the coming quarters. The 19-member currency bloc grew an upwardly revised 0.3 percent sequentially, but the pace was slower than the 0.8 percent expansion logged in the second quarter.
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893天前
Campbell Soup Boosts FY23 Outlook - Update
While reporting financial results for the first quarter on Wednesday, Campbell Soup Co. (CPB) raised its adjusted earnings and net sales guidance for the full-year 2023, to reflect strong first-quarter results, sustained brand momentum and strengthened supply chain.
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893天前
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Uber, Motional Partner To Launch Public Robotaxi Service In Las Vegas
Ride-hailing service Uber, Inc. (UBER) and autonomous vehicle company Motional announced Wednesday the launch of their public robotaxi service in Las Vegas, NV. For the first time ever, Uber customers are able to hail an autonomous ride using Motional's all-electric Hyundai IONIQ 5-based robotaxis.
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893天前
Aeris To Acquire The IoT Business From Ericsson
Ericsson (ERIC) and Aeris Communications, a leading provider of Internet of Things (IoT) solutions, on Wednesday have signed an agreement for the transfer of Ericsson's IoT Accelerator and Connected Vehicle Cloud businesses.
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893天前
Juul Settles More Than 5,000 Lawsuits In US
Juul Labs, an e-cigarette maker, said it has reached settlements with more than 5,000 vaping lawsuits in the United States. The cases were related to personal injury, consumer class action, government entity, and Native American tribes. In a statement, the company said it cannot disclose the settlement amount at this time as part of the settlement and court process.
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893天前
Reserve Bank Of India Slows Rate Hikes On Weaker Growth Outlook
India's central bank raised its benchmark interest rates for the fifth policy meeting in a row on Wednesday due to sticky core inflation, but geared down the pace of tightening given the softness in economic growth outlook. The Monetary Policy Committee of the Reserve Bank of India voted 5-1 to hike its key interest rate, the repo, by 35 basis points to 6.25 percent with immediate effect, Govern
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893天前
Indian Rupee Off Near 5-week Low Against U.S. Dollar After RBI Decision
The Indian rupee erased its early losses versus the U.S. dollar in the evening session on Wednesday, as India's central bank raised its benchmark interest rates for the fifth consecutive meeting and indicated that inflation remained elevated.
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893天前
Lowe's Authorizes New $15 Bln Share Repurchase; Affirms FY22 Outlook
Ahead of its 2022 Analyst and Investor Conference in New York City on Wednesday, home improvement company Lowe's Companies, Inc. (LOW) the board of directors has authorized a new $15 billion common stock repurchase program.
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893天前
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