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FOMC Minutes, PCE Data Drive Dollar Ahead
Currency market movements in the week spanning February 20-24 were determined to a great extent by anxiety ahead of the release of the minutes of the previous FOMC.
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BGC Partners Guides Q4 Revenues Above Estimates - Update
While reporting financial results for the fourth quarter on Monday, BGC Partners, Inc. (BGCP), a global brokerage and financial technology company, said it expects revenues for the first quarter in a range of $515 million to $565 million.
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U.S. Durable Goods Orders Plunge In January Amid Sharp Pullback In Aircraft Demand
New orders for U.S. manufactured durable goods pulled back sharply in the month of January, according to a report released by the Commerce Department on Monday. The report said durable goods orders plunged by 4.5 percent in January after surging by a downwardly revised 5.1 percent in December.
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TD Bank Reaches $1.205 Bln Settlement Related To Litigation Involving The Stanford Financial Group
TD Bank Group (TD, TD.TO) announced Monday that it has agreed to a settlement in principle relating to litigation involving the Stanford Financial Group.
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Itron Guides Q1 FY23 Adj. EPS Below Estimates - Update
While reporting financial results for the fourth quarter on Monday, Itron, Inc. (ITRI) initiated adjusted earnings and revenue guidance for the first quarter and full-year 2023.
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Leidos Promotes Thomas Bell To Succeed Roger Krone As CEO
Technology company Leidos (LDOS) announced Monday the appointment of Thomas Bell as Chief Executive Officer, expected to be effective May 3, 2023.
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U.S. Durable Goods Orders Plunge 4.5% In January
New orders for U.S. manufactured durable goods pulled back sharply in the month of January, according to a report released by the Commerce Department on Monday.
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more news
Improvement In Eurozone Economic Confidence Halts
After rising for three straight months, Eurozone economic sentiment fell marginally as the weakness in industry and services were partially offset by the increasing confidence in retail and among consumers, survey results from the European Commission showed on Monday. The economic confidence index unexpectedly dropped to 99.7 from 99.8 in January. The reading was forecast to improve to 101.
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Harsco Q4 Results Top Estimates; Guides Q1, FY23 Below Estimates
Harsco Corp. (HSC) reported on Monday a fourth-quarter net loss from continuing operations attributable to common stockholders of $23.75 million or $0.30 per share, compared to net income of $10.12 million or $0.13 per share in the prior-year quarter.
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Eurozone Bank Lending Growth Weakens Further
Growth in the euro area bank lending continued to weaken and the narrow measure of money supply contracted for the first time in on record, reflecting the impact of monetary policy tightening. The annual growth rate of credit to the private sector slowed to 3.8 percent from 4.3 percent in December, the European Central Bank reported Monday.
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AES Q4 Loss Widens; Revenues Top Estimates
Power distribution company The AES Corp. (AES) reported on Monday a wider loss for the fourth quarter, hurt by goodwill impairment expense and other non-operating expenses. Adjusted loss per share came in well above analysts' estimates, while quarterly revenues topped it. The company also initiated adjusted earnings guidance for the full-year 2023, in line with estimates.
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Sensex, Nifty Extend Losses For Seventh Day On Fed Worries
Indian shares ended lower for a seventh consecutive session on Monday, despite managing to cut some early losses on the back for firm cues from European markets.
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German Companies Report Least Material Shortages Since April 2021
Material shortages faced by Germany's manufacturers continued to ease in February to its lowest level since early 2021, survey data from the ifo institute showed Monday. In February, 45.4 percent of the companies surveyed reported problems with securing materials, which was the lowest level since April 2021. In January, the figure was 48.4 percent.
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