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Bay Street Likely To Open On Positive Note
Higher crude oil and bullion prices point to a higher open on Bay Street Tuesday morning. Worries about stringent restrictions on movements in certain cities in China due to a surge in new Covid cases might weigh on sentiment and limit market's upside.
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Abercrombie & Fitch Q3 Top Estimates; Boosts FY22 Sales Growth Outlook; Stock Up 15%
Specialty retailer Abercrombie & Fitch Co. (ANF) reported Tuesday a net loss attributable to the company of $2.21 million or $0.04 per share for the third quarter, compared to net income of $47.23 million or $0.77 per share in the prior-year quarter.
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DICK'S Sporting Boosts FY22 Outlook As Q3 Results Top Estimates
While reporting financial results for the third quarter on Tuesday, sporting goods retailer DICK'S Sporting Goods Inc. (DKS) again raised its earnings, adjusted earning and consolidated same store sales guidance for the full-year 2022.
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Chico's FAS Q3 Net Profit Increases; Boosts FY22 Outlook
Fashion retailer Chico's Fas Inc. (CHS) on Tuesday reported net income for the third quarter of $24.62 million or $0.20 per share, higher than $18.23 million or $0.15 per share in the year-ago quarter.
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Global Growth To Slow Amid Mounting Challenges, Says OECD
The global economy faces significant challenges as severe energy crisis pushed up inflation and lowered economic growth all around the globe, necessitating policy actions to combat inflation and targeted fiscal support to vulnerable section, the Organisation for Economic Co-operation and Development said in its Economic Outlook released Tuesday.
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U.S. Dollar Halts Rally Against Majors
The U.S. dollar weakened against its major counterparts in the European session on Tuesday, as less hawkish comments from policymakers of the Federal Reserve weighed on the currency.
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Sensex, Nifty Snap Three-day Losing Streak
Indian shares eked out modest gains on Tuesday, after having suffered losses in the previous three sessions on concerns over fresh COVID curbs in China and a hawkish Fed policy.
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European Shares Rise In Cautious Trade; FTSE 100 Outperforms
European stocks traded mostly higher on Tuesday, with U.K. stocks outperforming as oil and mining stocks rebounded after suffering heavy losses in the previous session.
A cautious undertone prevailed due to uncertainty over Fed policy and fears over China's worsening COVID situation.
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FTSE 100 Gains Led By Energy Stocks
U.K. stocks rose notably on Tuesday as oil and mining stocks rebounded after suffering heavy losses in the previous session.
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CAC 40 Slides On China COVID Curbs
French stocks edged lower on Tuesday after China started reintroducing strict pandemic curbs to fight a spike in COVID cases across several cities.
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DAX Little Changed In Cautious Trade
German stocks were little changed on Tuesday as investors digested mixed signals from ECB policymakers on the central bank's future interest-rate path.
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Asian Shares Mixed Amid China Growth Concerns
Asian stocks turned in a mixed performance on Tuesday as fresh COVID-19 outbreaks and strict pandemic measures stoked concerns that Beijing might slow the reopening of its economy.
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Elon Musk Holds Off Twitter Blue Relaunch; Continues Layoffs
In the latest developments at Elon Musk's Twitter Inc., the relaunch of Blue Verified has been held off, and job cuts are being extended to include some employees in sales. In a tweet on Monday, Musk said, "Holding off relaunch of Blue Verified until there is high confidence of stopping impersonation. Will probably use different color check for organizations than individuals."
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