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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.
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883 days ago
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.
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883 days ago
American Airlines To Launch Proposed Offering Of $750 Mln Of Senior Secured Notes Due 2028
American Airlines, Inc., a subsidiary of American Airlines Group Inc. (AAL), announced Wednesday a proposed private offering of $750 million aggregate principal amount of senior secured notes due 2028. The Notes will be guaranteed on a senior unsecured basis by American Airlines Group.
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883 days ago
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.
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883 days ago
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, ...
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883 days ago
Bay Street Seen Opening Higher
Canadian shares are likely to open higher on Wednesday, tracking firm commodity prices and positive European stocks.
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883 days ago
Vishay Intertechnology Guides Q1 Revenues In Line With Estimates - Update
While reporting financial results for the first quarter on Wednesday, semiconductor maker Vishay Intertechnology, Inc. (VSH) provided revenue guidance for the first quarter, in line with analysts' estimates.
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883 days ago
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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
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883 days ago
Emerson Electric Boosts FY23 Sales Growth Outlook; Declares Dividend - Update
While reporting financial results for the first quarter on Wednesday, Emerson Electric Co. (EMR) raised its net sales growth guidance for the full-year 2022, while affirming adjusted earnings guidance. The company also provided outlook for the second quarter.
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883 days ago
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.
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883 days ago
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.
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883 days ago
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.
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883 days ago
Bunge Q4 Adj. EPS Tops Estimates; Guides FY23 Below Estimates
Bunge Ltd. (BG) reported Wednesday that net income attributable to the company for the fourth quarter increased to $336 million or $2.21 per share from $231 million or $1.52 per share in the prior-year quarter.
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883 days ago
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