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Swiss Market Ends Marginally Down Again
The Switzerland market ended slightly down on Tuesday after stocks swung between gains and losses amid alternate bouts of buying and selling right through the day's session.
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European Stocks Close Broadly Lower Amid Growth Concerns
European stocks closed lower on Tuesday amid concerns about global economic slowdown, and continued uncertainty about the outlook for interest rates.
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Canadian Market Moderately Lower Around Noon; Energy, Materials Shares Fall
The Canadian market is down in negative territory around noon on Tuesday, weighed down by losses in energy and materials sectors amid falling commodity prices.
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UK Consumers Turn Cautious On Christmas Spending
UK grocery price inflation fell to single digits for the first time since July last year, but consumers are likely to continue feeling the pinch, a survey from the market research group Kantar showed Tuesday. Separate surveys from the BRC and Barclays also showed that consumers are tightening their purse strings as they head into the Christmas shopping season.
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Meta To Keep Political Advertisers Away From Generative AI Ads Tools
Meta Platforms Inc., the owner of social media apps Facebook and Instagram, decided to bar political campaigns and advertisers in regulated industries from using its new generative artificial intelligence or AI-based advertising products. With this move, Meta aims to prevent the possible misuse of AI-based tools and the spread of election misinformation.
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U.S. Trade Deficit Widens More Than Expected In September
A report released by the Commerce Department on Monday showed the U.S. trade deficit widened by more than expected in the month of September. The Commerce Department said the trade deficit increased to $61.5 billion from a revised $58.7 billion in August.
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Gen Digital Q2 Adj. EPS Meets Estimates; Maintains FY23 Outlook
Gen Digital, Inc. (GEN) reported Tuesday that net income for the second quarter surged to $149 million or $0.23 per share from $69 million or $0.12 per share in the prior-year quarter.
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more news
German Industrial Output Falls Further, Construction Activity Downturn Deepens
Germany's industrial production declined for the fourth straight month in September and the downturn in construction deepened further, reinforcing fears of a recession at the end of the year. pIndustrial output registered a monthly fall of 1.4 percent, faster than the revised 0.1 percent drop in August, data published by Destatis revealed on Tuesday. This was the fourth consecutive decline.
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Bay Street Likely To Open Lower
Canadian shares are likely to open weak on Tuesday, tracking subdued European stocks, and falling commodity prices. With the focus on the upcoming speeches by Federal Reserve Chair Jerome Powell, and officials from European and U.K. central banks, the mood is likely to remain cautious.
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HireRight Q3 Results Top Estimates; Maintains FY23 Outlook
HireRight Holdings Corp. (HRT) reported Tuesday a net loss for the third quarter of $1.7 million or $0.02 per share, compared to net income of $93.3 million or $1.17 per share in the prior-year quarter.
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Bluebird Bio Q3 Loss Narrows, Tops Estimates; Revenues Miss Estimates
Bluebird Bio, Inc. (BLUE) reported Tuesday a net loss for the third quarter of $71.73 million or $0.66 per share, narrower than $76.52 million or $0.94 per share in the prior-year quarter.
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Elanco Animal Health Boosts FY23 Adj. EPS, Revenue Outlook As Q3 Results Top Estimates
Elanco Animal Health Inc. (ELAN) reported Tuesday a net loss for the third quarter of $1.10 billion or $2.22 per share, sharply wider than $65.0 million or $0.13 per share in the prior-year quarter.
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RBA Hikes Key Rate To 12-Year High
Australia's central bank raised its benchmark rate by a quarter-point to a 12-year high, ending a four-session long pause, as inflation is likely to be more persistent than estimated though policymakers suggested that any further tightening is off the table. The policy board of the Reserve Bank of Australia, headed by Governor Michele Bullock, decided to lift the cash rate target by 25 basis poin
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