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Designer Brands Slashes FY23 Outlook As Q1 Results Miss Estimates

Designer Brands Slashes FY23 Outlook As Q1 Results Miss Estimates

Fashion retailer Designer Brands Inc. (DBI) reported on Thursday that net income attributable to the company for the first quarter more than halved to $11.42 million or $0.17 per share from $26.18 million or $0.34 per share in the prior-year quarter.
RTTNews | 710 일 전
CAC-40 Rises Amidst Cautious Optimism

CAC-40 Rises Amidst Cautious Optimism

The CAC-40 traded with mild gains on Thursday amidst hopes of a pause by the Federal Reserve and fears of a hawkish stance by the European Central Bank.
RTTNews | 711 일 전
European Shares Mixed Amid Rate-hike Concerns

European Shares Mixed Amid Rate-hike Concerns

European markets were trading mixed on Thursday amid investor concerns about rising interest rates and slowing economic growth after the Bank of Canada's unexpected rate hike, ahead of key monetary policy reviews next week. The pan European STOXX 600 was down 0.07 percent at 460.46 after slipping 0.19 percent on Wednesday.
RTTNews | 711 일 전
DAX Edges Higher Amidst Recession Worries

DAX Edges Higher Amidst Recession Worries

The DAX benchmark of the Frankfurt bourse edged higher on Thursday amidst renewed recession worries, after data showed the first quarter Euro Area GDP declining 0.1 percent.
RTTNews | 711 일 전
Asian Stocks Weighed Down By Rate Hike Fears

Asian Stocks Weighed Down By Rate Hike Fears

Asian markets finished trading on a mixed note amidst anxiety surrounding hawkish monetary policy and hopes of a stimulus in China. Concerns about rising interest rates and slowing economic growth dominated market sentiment.
RTTNews | 711 일 전
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GameStop Names Ryan Cohen Exe. Chair, Fires CEO Matthew Furlong

GameStop Names Ryan Cohen Exe. Chair, Fires CEO Matthew Furlong

GameStop Corp. Wednesday disclosed that its Board of Directors has elected Chairman Ryan Cohen as Executive Chairman, effective immediately. In a filing with the U.S. Securities and Exchange Commission, the video game retailer said its Board on June 5 terminated Matthew Furlong as President and Chief Executive Officer with immediate effect.
RTTNews | 711 일 전
Monetary Policy Anxiety Seen Weakening European Markets

Monetary Policy Anxiety Seen Weakening European Markets

Markets in Europe are expected to open on a weak note on Thursday ahead of key monetary policy reviews in the next week. Bank of Canada's unexpected rate hike on Wednesday reignited rate hike fears. Caution also prevails ahead of the CPI data due from the U.S. next week.
RTTNews | 711 일 전
European Economic News Preview: Eurozone GDP Data Due

European Economic News Preview: Eurozone GDP Data Due

Revised quarterly national accounts data from the euro area is due on Thursday, headlining a light day for the European economic news. At 1.30 am ET, France non-farm payroll data is due for the first quarter. At 2.30 am ET, the Hungarian Statistical Office publishes consumer prices and flash foreign trade data.
RTTNews | 711 일 전
Asian Markets Mostly Lower

Asian Markets Mostly Lower

Asian stock markets are trading mostly lower on Thursday, following the mostly negative cues from global markets overnight, as traders are nervous over the outlook for interest rates as the Bank of Canada once again raised interest rates after leaving rates unchanged for two straight meetings. Asian Markets closed mixed on Wednesday.
RTTNews | 711 일 전
Japanese Market Slightly Higher

Japanese Market Slightly Higher

The Japanese stock market is slightly higher in choppy trading on Thursday, recouping some of the losses in the previous session, with the Nikkei 225 staying above the 31,900 level, despite the mostly negative cues from global markets overnight, as traders reacted positively to upbeat GDP data released earlier in the day. Gains were seen across most sectors, led by commodity-linked stocks.
RTTNews | 711 일 전

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