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J. M. Smucker Boosts FY23 Outlook As Q2 Results Top Estimates

J. M. Smucker Boosts FY23 Outlook As Q2 Results Top Estimates

Consumer goods company J. M. Smucker reported Monday that profit for the second quarter declined seven percent from last year, hurt by lower margins, despite high single digit sales growth. However, both adjusted earnings per share quarterly net sales topped analysts' estimates. The company also raised its financial guidance for the full-year 2023.
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Amazon Deals During Cyber Monday Weekend Event

Amazon Deals During Cyber Monday Weekend Event

Amazon has unveiled various deals with deep discounts on offer during its Cyber Monday weekend event. From Saturday, November 26, through Monday, November 28, offers are available across top categories and on popular brands, like Anastasia Beverly Hills, Peloton, Segway, and Bose.
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European Shares Decline On China COVID Worries

European Shares Decline On China COVID Worries

European stocks inched lower on Monday, with commodity-related stocks coming under selling pressure after China reported the first virus-related deaths recorded since May this year.
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CAC 40 Slips After Shelling At Ukraine Nuclear Plant

CAC 40 Slips After Shelling At Ukraine Nuclear Plant

French stocks were moving lower on Monday after several cities in China, including Beijing and Shanghai, imposed stringent restrictions to contain new COVID-19 outbreaks - raising concerns that economic growth in the country will once again slow to a crawl after a brief recovery in the third quarter.
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DAX Edges Lower In Lackluster Trade

DAX Edges Lower In Lackluster Trade

German stocks edged lower on Monday as investors assessed the outlook for inflation, interest rates and economic growth.
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Tesla Recalls 321,000 Model 3, Model Y Cars

Tesla Recalls 321,000 Model 3, Model Y Cars

Tesla Inc. is recalling more than 321,000 vehicles in the United States citing issues with the tail lights. In a filing with the National Highway Traffic Safety Administration or NHTSA, the luxury electric vehicles maker said the recall includes some 2023 Model 3 and 2020-2023 Model Y vehicles.
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