Forex News

European Stocks Close Broadly Higher

European stocks closed broadly higher on Wednesday, reacting positively to somewhat dovish comments from the Federal Reserve Chair Jerome Powell, and digesting a slew of quarterly earnings updates.
RTTNews | 883 days ago
U.S. Wholesale Inventories Inch Up In Line With Estimates In December

U.S. Wholesale Inventories Inch Up In Line With Estimates In December

Wholesale inventories in the U.S. edged slightly higher in the month of December, according to a report released by the Commerce Department on Wednesday. The Commerce Department said wholesale inventories inched up by 0.1 percent in December after climbing by 0.9 percent in November. The uptick matched economist estimates.
RTTNews | 883 days ago
EBay To Lay Off About 500 Employees Or 4% Of Its Workforce

EBay To Lay Off About 500 Employees Or 4% Of Its Workforce

In a message to employees, e-commerce company eBay, Inc.'s (EBAY) CEO Jamie Iannone said he will be eliminating about 500 employees from their jobs over the next 24 hours. This number represents about 4% of the company's total employee base.
RTTNews | 883 days ago
Uber Q4 Profit Down; Adj. EBITDA, Revenues Climb; Sees Growth In FY23

Uber Q4 Profit Down; Adj. EBITDA, Revenues Climb; Sees Growth In FY23

Ride-hailing and delivery platform Uber Technologies, Inc. reported Wednesday weak profit in its fourth quarter, while adjusted EBITDA surged from last year with strong revenue growth above market view. Gross bookings increased and the company projects higher gross bookings in the first quarter. Nelson Chai, CFO, said the company significantly exceeded profitability outlook in 2022, ...
RTTNews | 883 days ago
Bay Street Seen Opening Higher

Bay Street Seen Opening Higher

Canadian shares are likely to open higher on Wednesday, tracking firm commodity prices and positive European stocks.
RTTNews | 883 days ago
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Uncertain Economic Outlook, High Inflation Weigh On UK Job Placements

Uncertain Economic Outlook, High Inflation Weigh On UK Job Placements

Ongoing economic uncertainty coupled with the cost pressures forced the British employers to take a more cautious approach on staff hiring, a survey report compiled by S&P Global showed Wednesday. Permanent staff appointments declined for the fourth consecutive month, albeit at a weaker pace as firms often preferred to take temporary staff to fill vacancies, the KPMG/REC Report on Jobs, based on
RTTNews | 883 days ago
Italy Retail Sales Fall 0.2% On Lower Non-Food Demand

Italy Retail Sales Fall 0.2% On Lower Non-Food Demand

Italian retail sales decreased slightly at the end of the year after recovering in the previous month, driven by a fall in non-food goods, data from the statistical office ISTAT showed on Wednesday. The value of retail sales dropped 0.2 percent month-on-month in December, reversing a 0.8 percent rebound in November. Economists had forecast a 0.8 percent fall.
RTTNews | 883 days ago
U.S. Dollar Showing Weakness On Powell's Remarks

U.S. Dollar Showing Weakness On Powell's Remarks

The U.S. dollar drifted lower against its key counterparts in the European session on Wednesday, as investors digested less-hawkish comments from Federal Reserve Chair Jerome Powell.
RTTNews | 883 days ago
Eaton Guides Q1, FY23 Adj. EPS Well Below Estimates - Update

Eaton Guides Q1, FY23 Adj. EPS Well Below Estimates - Update

While reporting its financial results for the fourth quarter on Wednesday, power management company Eaton Corp plc (ETN) provided adjusted earnings guidance for the first quarter and full-year 2023, well below analysts' estimates.
RTTNews | 883 days ago

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