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Forex News
New York Manufacturing Index Returns To Positive Territory In November
New York manufacturing activity has seen a notable rebound in the month of November, the Federal Reserve Bank of New York revealed in a report released on Tuesday.
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914 days ago
U.S. Producer Prices Inch Up Much Less Than Expected In October
Producer prices in the U.S. crept up by much less than expected in the month of October, according to a report released by the Labor Department on Tuesday.
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914 days ago
Walmart Slips To Loss In Q3, But Results Top Estimates
Retail giant Walmart reported Tuesday a loss for the third quarter compared to a profit last year, despite strong revenue growth, hurt by hefty $3.3 billion charges related to opioid legal settlements. However, adjusted earnings per share and quarterly revenues topped analysts' expectations. The retailer also raised its adjusted earnings guidance for the full-year 2022.
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914 days ago
U.S. Dollar Falls As Brainard Hints At Fed Pivot
The U.S. dollar depreciated against its major opponents in the European session on Tuesday, as comments from Fed Vice Chair Lael Brainard supported expectations that the central bank would slow the pace of rate hikes in the coming months.
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914 days ago
German Economic Sentiment Improves Sharply: ZEW
Germany's economic sentiment improved strongly in November to its highest level in five months on hopes that inflation is set to ease in the coming months, results of a closely-watched survey showed Tuesday, though the overall outlook for the biggest euro area economy is bleak.
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914 days ago
Bay Street Seen Opening On Cautious Note
Canadian shares are likely to open on a cautious note with a slightly positive bias on Tuesday.
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914 days ago
AutoNation Acquires 6.1% Ownership Stake In TrueCar
Automotive retailer AutoNation, Inc. (AN) announced Tuesday its acquisition of an approximately 6.1% minority ownership stake in TrueCar, Inc. (TRUE), a leading automotive digital marketplace that lets auto buyers and sellers connect to its nationwide network of Certified Dealers.
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914 days ago
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Sea Limited Q3 Results Top Estimates; Stock Up 15%
Consumer Internet company Sea Ltd. (SE) announced Tuesday that net loss excluding share-based compensation attributable to Sea's ordinary shareholders for the third quarter widened to $369.54 million or $0.66 per share from $450.05 million or $0.84 per share in the prior-year quarter.
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914 days ago
Eurozone Q3 GDP Growth Slowdown Confirmed
Euro area economy expanded at a slower pace in the third quarter and employment growth slowed as runaway inflation and rising interest rates damp economic activity in the single currency bloc, latest figures from Eurostat showed Tuesday.
Gross domestic product grew a seasonally adjusted 0.2 percent from the second quarter, when the Eurozone economy expanded 0.8 percent.
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914 days ago
Airlines Returns More Than $600 Mln To Passengers; Imposed $7.25 Mln Fine: DOT
The U.S. Department of Transportation or DOT has fined $7.25 million to six airlines across the world, which also collectively returned around $600 million in refunds to their passengers since the beginning of the COVID-19 pandemic. In a statement, the DOT said these fines are for extreme delays in providing refunds.
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914 days ago
Sensex Ends 249 Points Higher After Late Rally; Nifty Gains 74 Points
Indian shares recovered from an early slide to end modestly higher on Tuesday, with gains in rupee and falling oil prices offering some support.
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914 days ago
Vodafone H1 Profit Weak, Cuts FY23 View; Plans Cost Cutting; Stock Down
Shares of Vodafone Group Plc were losing around 5 percent in the morning trade in London as well as in the pre-market activity on Nasdaq after the British telecom major reported Tuesday weak profit in its first half with lower revenues. For fiscal 2023, the company now projects adjusted EBITDAaL at at the lower end of original guidance. The company also announced a new cost savings target
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914 days ago
Australian, NZ Dollars Higher Amid Improved Risk Sentiment
The Australian and NZ dollars appreciated against their major counterparts in the European session on Tuesday, as U.S. President Joe Biden and Chinese President Xi Jinping's much-awaited meeting in Indonesia helped ease tensions between the two countries.
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914 days ago
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