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Tesla Workers Launching Unionization Campaign At New York Plant
Tesla Inc. workers at the Gigafactory in Buffalo, New York are launching a campaign to form a union, seeking better pay and job security, Bloomberg reported. The employees reportedly sent an email to Chief Executive Officer Elon Musk with their intent to unionize, which would be a first for the luxury electric vehicle maker, if successful.
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878 days ago
Wabtec Guides FY23 Adj. EPS In Line; Boosts Dividend 13% - Update
While reporting its financial results for the fourth quarter on Wednesday, transportation solutions provider Wabtec Corp. (WAB) initiated its adjusted earnings and sales guidance for the full-year 2023.
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878 days ago
Lufthansa Flights Delayed Or Cancelled On IT Failure
Deutsche Lufthansa AG announced that its flights were delayed or cancelled Wednesday morning due to a IT failure in Frankfurt. Lufthansa shares were losing around 1.4 percent in the morning trading following the news. The German flag carrier tweeted, "Important information on flight disruption: As of this morning the airlines of the Lufthansa Group are affected by an IT outage,..."
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878 days ago
UK Inflation Weakens To 10.1%
UK consumer price inflation eased more than expected in January on lower fuel prices, but the rate remained elevated, squeezing household income and adding more strain on the cost of living. Consumer prices registered an annual growth of 10.1 percent in January, following the 10.5 percent increase in the previous month, data published by the Office for National Statistics showed Wednesday.
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878 days ago
FTSE 100 Hesitant Amidst The Inflation Surprise
FTSE 100 of the London Stock Exchange edged lower and traded in the red zone amidst a positive surprise on the inflation front.
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878 days ago
CAC-40 Leads The European Rally
The CAC-40 led gains in the European region with a surge of close to 1 percent, as relief at the CPI in U.K. cooling more-than-expected to 10.1 percent offset anxiety lingering ever since U.S. inflation declined less-than-expected to 6.4 percent.
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878 days ago
Barclays Stock Down On Weak Q4, FY22 Profits
Shares of Barclays Plc were losing around 9 percent in the early morning trading in London as well as in pre-market activity on the NYSE after the British banking major reported Wednesday lower profit in its fourth quarter and fiscal 2022 on charges. However, income and net interest income improved as weakness in Corporate and Investment Bank segment was offset by strong growth in Consumer, Cards.
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878 days ago
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DAX Rises Amidst U.K.'s Inflation Surprise
The DAX benchmark of the Frankfurt bourse moved higher on Wednesday amidst relief following the more-than-expected dip in inflation in the U.K.
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878 days ago
Indonesia Trade Surplus Grows On Exports Surge
Indonesia's trade surplus increased markedly at the start of the year, as exports grew more rapidly than imports, figures from Statistics Indonesia showed on Wednesday. The trade surplus rose to $3.87 billion in January from $0.96 billion in the same month last year. Exports logged a double-digit annual growth of 16.37 percent yearly in January.
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878 days ago
Asian Stocks Decline As U.S. CPI Renews Fed Fears
Asian markets lost further on Wednesday as markets weighed the risk of sticky inflation on central banks' monetary policy and the likelihood of economic recession, following the release of the latest CPI numbers from the U.S. Data from the U.S. on Tuesday had shown that inflation cooled in January, but less than what markets had expected.
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878 days ago
RBNZ Set To Hike Rates By 25 Bps In April & May
New Zealand's central bank is likely to spread out its interest rate hikes over the next few meetings amid softer than expected data, and rate cuts may be on the horizon before year-end, according to a Capital Economics economist. The Reserve Bank of New Zealand is set to raise rates by 75 basis points at the upcoming meeting on February 22, as policymakers signaled in November.
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878 days ago
Inflation Angst Seen Dragging European Benchmarks
Markets in Europe are expected to open on a weak note on Wednesday as investors weigh the less-than-expected drop in inflation in the U.S. and the fears of a potentially painful and prolonged recession. Hawkish comments from Fed and ECB officials could also weigh on market sentiment.
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879 days ago
European Economic News Preview: UK Inflation Data Due
Consumer and producer prices from the UK are due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK consumer and producer prices for January. Consumer price inflation is forecast to ease to 10.3 percent from 10.5 percent in December.
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879 days ago
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