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Forex News
U.S. Stocks Come Off Early Lows; Nasdaq Continues To Underperform
U.S. stocks are off their early lows around noon, even as those from the technology sector continue to underperform.
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986 days ago
Canadian Market Down Marginally At Noon In Cautious Trade
Canadian shares are turning in a mixed performance on Thursday with investors assessing the impact the latest rate hikes by the Federal Reserve and the Bank of England, and prospects of more increases, might have on global economic growth.
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986 days ago
Pound Falls After BoE Sees Lower Peak In Interest Rates
The pound drifted lower against its major counterparts in the European session on Thursday, after the Bank of England raised its benchmark rate by 75 basis points, but indicated that the peak in rates would likely be lower than anticipated by markets.
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986 days ago
Bank Of England Delivers Biggest Rate Hike In 33 Years
The Bank of England delivered the biggest interest rate hike in 33 years on Thursday, joining its global peers in aggressive tightening to bring inflation down from double-digits, even as the U.K. economy is forecast to remain in a prolonged recession. The nine-member Monetary Policy Committee decided to raise the bank rate by 75 basis points to 3.00 percent from 2.25 percent.
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986 days ago
Glencore Energy Reaches £280.97 Mln Settlement To Resolve Probe By UK Serious Fraud Office
Glencore Energy UK ltd., the U.K. subsidiary of Glencore plc (GLCNF.PK, GLNCY.PK, GLEN.L), announced Thursday it has fully resolved investigation by UK authorities and will pay financial penalty and costs of £280,965,092.95 in respect of the previously announced resolution of the UK Serious Fraud Office (SFO) investigation.
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986 days ago
LifeStance Health Appoints David Bourdon To Succeed Michael Bruff As New CFO
LifeStance Health (LFST), outpatient mental healthcare provider, announced Thursday that Michael Bruff, currently Chief Financial Officer, will take on a new role as Business Transformation Officer, effective November 10, 2022.
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986 days ago
Atlas Air Worldwide Q3 Results Miss Estimates
Atlas Air Worldwide Holdings, Inc. (AAWW) reported Thursday that net income for the third quarter plunged to $60.10 million or $1.79 per share from $119.54 million or $3.91 per share in the prior-year quarter.
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986 days ago
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Itron Q3 Profit Tops Estimates, But Revenues Miss; Guides Q4 Well Below View
Itron, Inc. (ITRI) reported Thursday net income attributable to the company for the third quarter of $4.12 million or $0.09 per share, compared to a net loss of $1.87 million or $0.04 per share in the prior-year quarter. Excluding items, adjusted earnings per share for the quarter were $0.23, compared to $0.21 last year.
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986 days ago
Arrow Electronics Guides Q4 Adj. EPS Above Estimates - Update
While reporting financial results for the third quarter on Thursday, Arrow Electronics, Inc. (ARW) provided earnings, adjusted earnings and total sales guidance for the fourth quarter.
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986 days ago
Bay Street Headed For Weak Start
Canadian shares are likely to open with a negative gap on Thursday, tracking weak commodity prices and European markets, amid concerns about growth and tighter policy stance by global central banks.
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986 days ago
Zoetis Again Slashes FY22 Outlook As Q3 Results Miss Estimates; Stock Down 11%
While reporting financial results for the third quarter on Thursday, animal health company Zoetis Inc. (ZTS) again slashed its earnings, adjusted earnings and revenue guidance for the full year 2022, to reflect lower than expected sales due to continued supply constraints, veterinary workforce challenges, as well as the negative impact of recent changes to foreign exchange rates.
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986 days ago
Moderna Stock Plunges 12% As Q3 Results Miss Estimates
Biotechnology company Moderna, Inc. reported a profit for the third quarter that plunged 69 percent from last year, reflecting a drop in COVID-19 vaccines sales and higher operating expenses. Both earnings per share and revenues for the quarter missed analysts' expectations.
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986 days ago
Pound Drops After BoE Decision
As expected, the Bank of England raised its key rate by 75 basis points to 3 percent from 2.25 percent.
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986 days ago
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