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Waste Management Boosts FY22 Revenue Growth Outlook - Update
(RTTNews) - While reporting financial results for the second quarter on Wednesday, environmental solutions company Waste Management, Inc. (WM) raised its revenue growth guidance for the full-year 2022.
For fiscal 2022, total company revenue growth is expected to be approximately 10 percent, an increase of 400 basis points from the midpoint of prior guidance.
On average, 17 analysts polled by Thomson Reuters expect the company to report revenue growth of 8.1 percent to $19.38 billion for the year.
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Win Streak May Continue For South Korea Stock Market
The South Korea stock market has finished higher in seven straight sessions, collecting more than 225 points or 8.2 percent along the way. The KOSPI now rests just above the 2,920-point plateau and it's tipped to open in the green again on Friday.
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29 minuter sedan
New Zealand Manufacturing PMI Data Due On Friday
New Zealand will on Friday release May results for the manufacturing PMI from BusinessNZ, highlighting a light day for Asia-Pacific economic activity. In April, the PMI score was 53.9.
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1h 24minuter sedan
Taiwan Shares May Bounce Higher Again On Friday
The Taiwan stock market on Thursday ended the three-day winning streak in which it had rallied more than 810 points or 3.6 percent. The Taiwan Stock Exchange now sits just beneath the 22,290-point plateau and it may see renewed support on Friday.
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1h 46minuter sedan
Rebound Anticipated For Japan Stock Market
The Japan stock market on Thursday ended the four-day winning streak in which it had climbed more than 860 points or 2.5 percent. The Nikkei 225 now sits just beneath the 38,175-point plateau although it may bounce higher again on Friday.
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1h 47minuter sedan
U.S. Dollar Weakens After Soft PPI Data
The U.S. dollar dropped against its major counterparts in the New York session on Thursday, as soft producer inflation data for May raised hopes of a rate cut by the Federal Reserve.
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5h 3minuter sedan
Canadian Market Up Slightly In Cautious Trade
After a flat start and a subsequent drop, the Canadian market moved into positive territory Thursday morning, led by gains in materials and communications sectors.
The mood remains cautious amid uncertainty about U.S.-China trade deal and easing prospects of he European Union arriving at a pact with the U.S. before the July 8 deadline. Middle East tensions also weigh on sentiment.
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6h 47minuter sedan
U.S. Producer Prices Inch Up 0.1% In May, Less Than Expected
After reporting an unexpected decrease by U.S. producer prices in the previous month, the Labor Department released a report Thursday showing producer prices crept slightly higher in the month of May. The Labor Department said its producer price index for final demand inched up by 0.1 percent after slipping by a revised 0.2 percent in April.
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9h 34minuter sedan
U.S. Weekly Jobless Claims Unexpectedly Unchanged At Eight-Month High
The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits came in flat in the week ended June 7th. The report said initial jobless claims in at 248,000, unchanged from the previous week's revised level. Economists had expected jobless claims to dip to 240,000 from the 247,000 originally reported for the previous week.
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9h 37minuter sedan
