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Major European Markets Close Mixed
The major European markets closed on a mixed note on Wednesday with investors largely staying wary of picking up stocks amid rising fears of a recession after disappointing data from the euro area and China.
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Canadian Stocks Turning In Mixed Performance After BoC Rate Decision
Canadian stocks are turning in a mixed performance on Wednesday, with investors digesting the Bank of Canada's interest rate decision, and assessing the latest batch of economic data from across the globe and the likely impact the tighter monetary policy from central banks might have on global growth.
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FDA Warns Parents Against Giving Mother's Touch Formula To Infants
The U.S. Food and Drug Administration or FDA, has warned parents and caregivers of infants not to buy or give Mother's Touch Formula to the infants as it has determined that the product is not manufactured in compliance with its infant formula regulations. The FDA noted that this brand of infant formula is being marketed without pre-market notification to the FDA.
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Magnolia Provision Recalls Beef Jerky Products
Magnolia Provision Company, Inc. recalled about 497 pounds of ready-to-eat beef jerky products for possible contamination with Listeria Monocytogenes, a deadly bacteria, the U.S. Department of Agriculture's Food Safety and Inspection Service (FSIS) said in a statement.
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U.S. Trade Deficit Narrows Amid Steep Drop In Imports In July
A report released by the Commerce Department on Wednesday showed the U.S. trade deficit narrowed significantly in the month of July. The Commerce Department said the trade deficit shrank to $70.6 billion in July from a revised $80.9 billion in June.
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Korn Ferry Q1 Adj. EPS Miss Estimates; Guides Q2 In Line With View
Consulting firm Korn/Ferry International, Inc. (KFY) reported on Wednesday a profit for the first quarter that edged up from last year, driven a 17 percent increase in fee revenue, partially offset by higher operating expenses. Adjusted earnings per share missed analysts' expectations by a penny, while quarterly revenues topped it. The company also provided guidance for the second quarter.
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Academy Sports And Outdoors Boosts FY22 Earnings Outlook As Q2 Adj. EPS Tops Estimates
Academy Sports and Outdoors, Inc. (ASO) on Wednesday reported that net income for the second quarter declined to $188.8 million or $2.22 per share from $190.5 million or $1.99 per share in the prior-year quarter.
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more news
Germany Industrial Production Falls In July
Germany industrial production declined in July on widespread falls across consumer, capital and intermediate goods, official data showed Wednesday. Industrial production fell 0.3 percent on a monthly basis, reversing a 0.8 percent rise in June, Destatis reported. Output was forecast to decline 0.5 percent.
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U.S. Trade Deficit Narrows Roughly In Line With Estimates In July
A report released by the Commerce Department on Wednesday showed the U.S. trade narrowed significantly in the month of July.
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COMSovereign Co-founder, Chairman And CEO Daniel Hodges Resigns; Names David Knight Interim CEO
Communication Systems developer COMSovereign Holding Corp. (COMS) announced Wednesday that the Board of Directors of COMSovereign has accepted the resignation of co-founder, Chairman and CEO Daniel Hodges, effective September 1, 2022.
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China Exports Growth Eases Sharply In August
China's exports growth eased sharply in August reflecting weak global demand amid power shortages and heat waves dampening production, figures published by the General Administration of Customs revealed on Wednesday. Exports increased by less-than-expected 7.1 percent on a yearly basis in August. Economists had forecast the annual growth in shipments to ease to 12.8 percent from 18.0 percent.
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Bay Street Likely To Open Slightly Up; BoC Rate Decision In Focus
Canadian shares are likely to open slightly up, tracking marginally higher commodity prices. The focus will be on the Bank of Canada's interest rate decision, due shortly after the opening bell.
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REV Group Q3 Net Profit More Plunges; Trims FY22 Sales Outlook
REV Group, Inc. (REVG), a manufacturer of specialty vehicles, on Wednesday reported that net income for the third quarter plunged to $9.5 million or $0.16 per share from $23.7 million or $0.36 per share in the prior-year quarter.
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