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Dollar Rises Against Major Counterparts Ahead Of Fed Policy Decision
The U.S. dollar gained against its major counterparts on Tuesday after data showing a jump in employment cost index raised concerns the Federal Reserve will further delay an interest rate cut.
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504天前
Stocks End Sharply Lower Ahead Of Fed Policy
Stock prices went down south on Wall Street on Tuesday, sliding lower and lower after a weak start, as concerns about inflation and uncertainty about the Fed's interest rate moves rendered the mood bearish.
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504天前
Swiss Market Ends Moderately Lower
Swiss stocks turned in a weak performance on Tuesday, as investors reacted to some earnings updates and looked ahead to the Federal Reserve's monetary policy announcement, due tomorrow.
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504天前
European Stocks Close Lower After Cautious Session
European stocks closed lower on Tuesday, as investors digested the latest batch of earnings and economic updates, and looked ahead to the Federal Reserve's monetary policy announcement due on Wednesday.
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504天前
U.S. Dollar Appreciates As Employment Costs Jump
The U.S. dollar firmed against its major counterparts in the New York session on Tuesday, amid a spike in employment cost index in the first quarter before the Federal Reserve's policy decision on Wednesday.
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504天前
Canadian Market Down Firmly In Negative Territory At Noon
Canadian stocks are down firmly in negative territory a little past noon on Tuesday, weighed down by data showing less than expected growth of the nation's economy in February.
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504天前
U.S. Consumer Confidence Index Drops To Lowest Level Since July 2022
A report released by the Conference Board on Tuesday showed consumer confidence in the U.S. deteriorated by much more than expected in the month of April. The Conference Board said its consumer confidence index slid to 97.0 in April from a downwardly revised 103.1 in March. Economists had expected the index to dip to 140.0 from the 104.7 originally reported for the previous month.
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504天前
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Chicago Business Barometer Unexpectedly Drops To Lowest Level Since November 2022
MNI Indicators released a report on Tuesday showing Chicago-area business unexpectedly contracted at an accelerated rate in the month of April. The report said the Chicago business barometer dropped to 37.9 in April from 41.4 in March, with a reading below 50 indicating contraction. Economists had expected the index to rise to 44.9.
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504天前
Coca-Cola Q1 Results Top Estimates
Beverages giant Coca-Cola Co. (KO) reported Tuesday a profit for the first quarter that grew 2 percent from last year, reflecting lower income taxes and a 3 percent revenue growth. Both adjusted earnings per share and quarterly revenues topped analysts' expectations. The company also maintained its adjusted earnings guidance for the full-year 2024, but raised organic revenue growth outlook.
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504天前
Eurozone Exits Recession In Q1
The euro area economy expanded in the first quarter after two consecutive declines as all big four economies exhibited better performance, boosting hopes of a sustained recovery this year. Gross domestic product grew by a faster-than-expected 0.3 percent sequentially following a 0.1 percent fall each in the fourth and third quarters of 2023, preliminary flash estimates from Eurostat showed.
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504天前
Sysco Q3 Adj. EPS Tops Estimates, But Sales Miss; Appoints Kevin Hourican As Chairman
Sysco Corp. (SYY) reported Tuesday net earnings for the third quarter of $424.69 million or $0.85 per share, compared to $429.60 million or $0.84 per share in the prior-year quarter.
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504天前
Illinois Tool Works Q1 Earnings Top Estimates; Boosts FY24 EPS Outlook
Illinois Tool Works, Inc. (ITW) reported Tuesday that net income for the first quarter increased to $819 million or $2.73 per share from $714 million or $2.33 per share in the year-ago quarter. Excluding items, adjusted net income for the quarter was $2.44 per share.
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504天前
Mercedes-Benz Stock Down On Weak Q1 Results, FY24 View
Shares of Mercedes-Benz Group AG were losing around 5 percent in the German trading after the automobile major reported Tuesday weak profit and revenues in its first quarter amid lower unit sales of cars. The company also confirmed its fiscal 2024 outlook, expecting lower earnings and flat revenues.
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504天前
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