The price of the euro settled on Wednesday, at a level below its highest level in three weeks after Christine Lagarde, President of the European Central Bank played down the possibility of a significant rate hike. The dollar stabilized a day before the US consumer price index data, which may …
Read More »Lyft’s Fourth-Quarter Results Better Than Expected
Lyft reported fourth-quarter results that beat estimates for adjusted earnings per share and revenue, but said it had fewer active passengers than the previous quarter. Shares fell more than 6% in after-hours trading after executives said the Omicron virus variant will affect first-quarter numbers. Earnings per share were adjusted 9 …
Read More »Japan Shares Close Higher on Wall Street’s Footsteps
Japanese stocks closed higher on Wednesday after a rally led by the technology sector overnight on Wall Street, as investors bought shares of companies that reported strong results with sentiment rising further thanks to the approaching earnings season. The Nikkei index advanced 1.08 percent to close at 27,579.87 points, while …
Read More »Stock Futures Gain With More Big Earnings Ahead
US stock futures rose slightly in overnight trading on Tuesday as investors prepare for another round of corporate earnings. Dow futures rose about 70 points. S&P 500 futures gained 0.25% and Nasdaq 100 futures rose 0.27%.Chipotle rose more than 7% in after-hours trading on the back of its strong earnings, …
Read More »US Stocks Mixed Following December Trade Balance Data
Wall Street stocks were mixed early on Tuesday as market participants digested December’s trade balance figures and continued to look ahead to key inflation data scheduled for release later in the week.As of 1510 GMT, the Dow Jones Industrial Average was up 0.13% at 35,135.36, while the S&P 500 was …
Read More »French trade deficit hits record level despite economic rebound
France’s trade deficit in goods widened to a record €84.7bn last year, creating what its finance minister Bruno Le Maire called “a black mark” over the economy. The 31 per cent increase in the country’s trade deficit in goods came as its economy rebounded strongly from the fallout of the …
Read More »Economic Recovery Pushed 2021 US Trade Deficit To Record
Continued strong consumer appetite for overseas goods pushed up the US trade deficit in December, sending the full-year import-export gap to a record level in 2021.The December deficit in trade of goods and services grew by 1.8% to a seasonally adjusted $80.7 billion, the Commerce Department said Tuesday, just less …
Read More »Pfizer Expects $54 Billion in 2022 Sales on Covid Vaccine
Pfizer Inc. recorded quarterly profits above analysts’ expectations, and its revenues rose, but less than estimates, while it expects to record strong sales of its vaccine and treatment for the Coronavirus. Pfizer’s fourth-quarter revenue more than doubled overall to $23.84 billion year-over-year, driven by $12.5 billion in sales of its …
Read More »Strong Business Results Support European Stocks
European shares extended gains on Tuesday after the European Central Bank chief eased concerns about faster monetary policy tightening this year, while positive business results supported investor sentiment. The benchmark Stoxx 600 index was up 0.3 percent by 0830 GMT. Oil stocks were among the biggest gainers on the European …
Read More »America Adds Chinese Entities to The List of Exports That Require Additional Procedures
The US Commerce Department said it has added 33 Chinese entities to what it calls a list of unverified exports that requires US exports to go through additional procedures before goods are shipped to those entities. On Monday, the department said it was taking the step because it was unable …
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