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U.S. Leading Economic Index Falls Slightly More Than Expected In January
The Conference Board released a report on Tuesday showing its reading on leading U.S. economic indicators fell by slightly more than expected in the month of January. The report said the Conference Board's leading economic index fell by 0.4 percent in January after dipping by a revised 0.2 percent in December. Economists had expected the index to decrease by 0.3 percent.
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Canadian Dollar Falls As Inflation Slows
The Canadian dollar dropped against its major counterparts in the European session on Tuesday, as the nation's annual inflation slowed more than expected in January.
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AbbVie Appoints President And COO Robert Michael To Addl. Role Of CEO
AbbVie, Inc. (ABBV) announced Tuesday that its board of directors has unanimously selected Robert Michael, AbbVie's current president and chief operating officer, to succeed Richard Gonzalez as the company's chief executive officer.
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Walmart Q4 Results Top Estimates; Provides Rosy Outlook
Retail giant Walmart reported Tuesday a profit for the fourth quarter that declined 12.4 percent from last year, reflecting sharply lower other gains, despite strong revenue growth amid strength in Walmart International operations. Both adjusted earnings per share and quarterly revenues topped analysts' expectations.
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Microsoft To Invest $2.1 Bln In Spain To Expand AI Infrastructure
Tech major Microsoft Corp. announced its plans to expand its artificial intelligence or AI and cloud infrastructure in Spain with an investment of $2.1 billion in the next two years. Microsoft's vice chair and president Brad Smith made the announcement after meeting with the Prime Minister of Spain, Pedro Sanchez.
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Euro Advances As Eurozone Wage Growth Slows
The euro climbed against its major counterparts in the European session on Tuesday, after a data showed that Eurozone negotiated wage growth eased in the final three months of last year.
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Pagaya Technologies Confirms Evangelos Perros As CFO
AI company Pagaya Technologies Ltd. (PGY) announced Tuesday that Evangelos Perros has been named as the Company's Chief Financial Officer, effective immediately.
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FTSE 100 Rises Amidst Dovish Comments From BoE Officials
Dovish comments from Governor Andrew Bailey and other officials of the Bank of England helped the FTSE 100 benchmark of the London Stock Exchange record an uptick in Tuesday's trade.
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BoE Chief Bailey Says Rate Cut Expectations Not Unreasonable
Bank of England Governor Andrew Bailey said it is not unreasonable for the markets to expect interest rate cuts this year. The BoE does not endorse the market curve, Bailey told lawmakers on the Treasury Select Committee. The governor said U.K. inflation need not fall to the 2 percent target in order to cut interest rate.
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Dana Q4 Results Miss Estimates; Guides FY24 EPS Well Below Estimates
Dana, Inc. (DAN) reported Tuesday a net loss attributable to the parent company for the fourth quarter of $39 million or $0.27 per share, sharply narrower than $179 million or $1.25 per share in the prior-year quarter.
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German Residential Construction To Slump 35% By 2026
Germany as well as Europe as a whole are set to see a massive decline in residential construction in the coming years due to rising costs, the think tank ifo institute said Tuesday, citing the latest projections by the Euroconstruct forecasting network. Only about 1.5 million housing units are forecast to be built in Europe by 2026, which is a 13 percent decline on 2023, the ifo institute said.
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Beyond Appoints Marcus Lemonis As Executive Chairman
Beyond, Inc. (BYON), owner of Bed Bath & Beyond, Overstock.com, and other online retail brands, announced Tuesday that it appointed Marcus Lemonis as Executive Chairman of the board of directors, effective today.
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Syngenta Crop, Lavie Bio Partner To Discover And Develop New Biological Insecticidal Solutions
Swiss agricultural innovation firm Syngenta Crop Protection and Israel's Lavie Bio Ltd., a leading ag-biologicals company and a subsidiary of Evogene Ltd. (EVGN), announced Tuesday an agreement for the discovery and development of new biological insecticidal solutions.
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