Breadcrumb Trail Links PMN Business Article content Stock markets edged higher, European bond yields dropped and the dollar remained firm in light trading on Monday amid warnings from the International Monetary Fund’s managing director that a third of the world will fall into recession in 2023. MSCI’s broadest index of Asia-Pacific shares outside Japan rose … Read more
Credit Suisse has forecast a pre-tax loss of up to SFr1.5bn ($1.6bn) in the fourth quarter of its financial year, citing a “substantial” industry-wide slowdown. The Swiss bank, which is undergoing a restructuring to recover from a string of scandals, said in an updated outlook on Wednesday that its wealth management division was likely to … Read more
US stocks fell on Wednesday as investors digested hotter than expected retail sales data and a slowdown in manufacturing output growth in the world’s biggest economy. Wall Street’s benchmark S&P 500 sank 0.5 per cent and the tech-heavy Nasdaq Composite lost 1.2 per cent. The dollar index, which tracks the currency against six of its … Read more
EA Sports FIFA, the world-famous soccer video game, has been pretty good at predicting World Cup winners lately. In 2010, EA Sports used the FIFA game to simulate that year’s World Cup tournament and projected Spain to win it all. Sure enough, Spain eventually defeated the Netherlands in the real-life title game to win the … Read more
US companies that missed already low Wall Street earnings expectations in the third-quarter reporting season have been punished more severely than any time since at least the turn of the millennium. Groups that revealed sales and profits that were weaker than analysts had anticipated underperformed the blue-chip S&P 500 by 6.7 per cent in the … Read more
So much for the safety of the tech behemoths, those supposedly friendly giants who may be relatively richly valued but you could still count on to buttress your portfolio. Poorly received results from the likes of Meta META, Alphabet GOOG, Microsoft MSFT and Amazon AMZN et al saw nearly $1 trillion at one point chopped … Read more
Breadcrumb Trail Links PMN Economy PMN Business Author of the article: Article content U.S. natural gas futures dropped about 8% on Thursday as the market focused on near record output and forecasts for milder weather next week than previously expected that should allow utilities Financial Post Top Stories Sign up to receive the daily top … Read more
Breadcrumb Trail Links PMN Business Author of the article: Reuters Ryan Woo and Ellen Zhang Article content BEIJING — China’s economy rebounded at a faster-than-anticipated clip in the third quarter, but a more robust revival in the longer term will be challenged by persistent COVID-19 curbs, a prolonged property slump and global recession risks. Helped … Read more
Justin Sullivan It goes without saying that with tech earnings kicking into gear, Apple (NASDAQ:AAPL) will garner some of the biggest attention on Wall Street when it reports its fiscal fourth-quarter results on October 27. As Apple’s (AAPL) iPhone 14 smartphones only went on sale on September 16, and the quarter ended September 30, the … Read more
ASML Holding NV reported on Wednesday a less-than-expected fall in net profit for the third-quarter, driven by record bookings and continued robust demand. The Dutch semiconductor-equipment maker ASML, +1.73% ASML, +6.80% said that net profit for the quarter ended Oct. 3 fell to 1.70 billion euros ($1.68 billion) from EUR1.71 billion for the same period … Read more