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European Stocks Close Broadly Higher

European stocks closed broadly higher on Wednesday, reacting positively to somewhat dovish comments from the Federal Reserve Chair Jerome Powell, and digesting a slew of quarterly earnings updates.

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U.S. Wholesale Inventories Inch Up In Line With Estimates In December

Wholesale inventories in the U.S. edged slightly higher in the month of December, according to a report released by the Commerce Department on Wednesday. The Commerce Department said wholesale inventories inched up by 0.1 percent in December after climbing by 0.9 percent in November. The uptick matched economist estimates.

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American Airlines To Launch Proposed Offering Of $750 Mln Of Senior Secured Notes Due 2028

American Airlines, Inc., a subsidiary of American Airlines Group Inc. (AAL), announced Wednesday a proposed private offering of $750 million aggregate principal amount of senior secured notes due 2028. The Notes will be guaranteed on a senior unsecured basis by American Airlines Group.

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EBay To Lay Off About 500 Employees Or 4% Of Its Workforce

In a message to employees, e-commerce company eBay, Inc.'s (EBAY) CEO Jamie Iannone said he will be eliminating about 500 employees from their jobs over the next 24 hours. This number represents about 4% of the company's total employee base.

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Uber Q4 Profit Down; Adj. EBITDA, Revenues Climb; Sees Growth In FY23

Ride-hailing and delivery platform Uber Technologies, Inc. reported Wednesday weak profit in its fourth quarter, while adjusted EBITDA surged from last year with strong revenue growth above market view. Gross bookings increased and the company projects higher gross bookings in the first quarter. Nelson Chai, CFO, said the company significantly exceeded profitability outlook in 2022, ...

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Bay Street Seen Opening Higher

Canadian shares are likely to open higher on Wednesday, tracking firm commodity prices and positive European stocks.

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Vishay Intertechnology Guides Q1 Revenues In Line With Estimates - Update

While reporting financial results for the first quarter on Wednesday, semiconductor maker Vishay Intertechnology, Inc. (VSH) provided revenue guidance for the first quarter, in line with analysts' estimates.

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Uncertain Economic Outlook, High Inflation Weigh On UK Job Placements

Ongoing economic uncertainty coupled with the cost pressures forced the British employers to take a more cautious approach on staff hiring, a survey report compiled by S&P Global showed Wednesday. Permanent staff appointments declined for the fourth consecutive month, albeit at a weaker pace as firms often preferred to take temporary staff to fill vacancies, the KPMG/REC Report on Jobs, based on

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Emerson Electric Boosts FY23 Sales Growth Outlook; Declares Dividend - Update

While reporting financial results for the first quarter on Wednesday, Emerson Electric Co. (EMR) raised its net sales growth guidance for the full-year 2022, while affirming adjusted earnings guidance. The company also provided outlook for the second quarter.

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Italy Retail Sales Fall 0.2% On Lower Non-Food Demand

Italian retail sales decreased slightly at the end of the year after recovering in the previous month, driven by a fall in non-food goods, data from the statistical office ISTAT showed on Wednesday. The value of retail sales dropped 0.2 percent month-on-month in December, reversing a 0.8 percent rebound in November. Economists had forecast a 0.8 percent fall.

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