News Blog

Private job creation totaled a stunning 233,000 in October, far more than expected, ADP says

Private-job creation burst to its highest level in more than a year during October, despite a devastating storm season in the Southeast and major labor disruptions, ADP reported Wednesday.

AMD Stock Drops on a Weak Outlook. AI Guidance Fails to Impress.

AMD reported earnings results Tuesday afternoon in line with expectations, but the company forecast slightly less revenue than expected for its December quarter.

Paco Rabanne, Jean Paul Gaultier owner Puig’s shares rally after earnings

Jean Paul Gaultier owner Puig Brands SA posted a rise in third-quarter revenue, bolstered by strong demand for fragrances despite a challenging backdrop for the beauty industry.

Campari Shares Fall on Earnings Miss

Shares in Aperol maker Davide Campari-Milano fell after its third-quarter sales missed expectations and raised the prospect of earnings cuts.

U.S. economy grew at a 2.8% pace in the third quarter, less than expected

The U.S. economy posted another solid though slightly disappointing period of growth in the third quarter, propelled higher by strong consumer spending that has defied expectations for a slowdown.

Mondelez beats quarterly results on rebound in demand, higher prices

Mondelez International on Tuesday beat third-quarter revenue and profit estimates, as the Cadbury parent’s efforts to provide its products at different price points drove a sequential improvement in sales volumes.

First Solar Stock Plunges 8%. Here’s Why.

First Solar stock fell sharply early Wednesday, a drop that analysts attribute to various factors apparent in its latest earnings report released Tuesday.

Volkswagen profit plunges 42% in third quarter amid sweeping overhaul plans

German automaker Volkswagen on Wednesday reported a 42% drop in operating profit in the third quarter.

Kraft Heinz trims annual forecasts as high prices hinder demand recovery

Kraft Heinz on Wednesday tempered its annual forecasts for organic sales and profit as repeated price hikes hurt demand for the packaged food giant’s branded products including Lunchables meal kits and Oscar Mayer cold cuts.

China Beige Book Sees Economy Perking Up. But Not Where It Counts Most.

Glimmers of possible green shoots emerged in October in several economic China Beige Book tracks but the private research firm said on Wednesday that the country’s property market didn’t exhibit clear signs of improvement despite Beijing’s latest policy measures.

Euro zone growth hits two-year high of 0.4%, beating expectations

The euro zone economy grew 0.4% in the third quarter, flash figures published by the European Union’s statistics agency showed Wednesday.

Capgemini cuts revenue forecast again as soft markets hit Q3 sales

French IT consulting group Capgemini cut its 2024 revenue forecast for the second time this year on Wednesday, after continued weakness in some of its markets, especially manufacturing, hit third-quarter sales.

Caterpillar Stock Falls After Earnings Miss Wall Street Estimates

Caterpillar reported weaker-than-expected third-quarter results, sending shares lower in early trading on Wednesday.

Eli Lilly stock tumbles 10% after drug giant misses estimates and slashes profit guidance

Eli Lilly on Wednesday fell short of profit and revenue expectations for the third quarter, weighed down by disappointing sales of its blockbuster weight loss drug Zepbound and diabetes treatment Mounjaro, and slashed its full-year adjusted profit guidance.

German economy unexpectedly grows, avoiding recession

Germany’s gross domestic product unexpectedly increased in the third quarter, driven by government and household spending, skirting a recession amid fears that Europe’s biggest economy would contract for a second consecutive quarter.

GE HealthCare Stock Rises After Beating Wall Street Estimates

GE HealthCare Technologies reported better-than-expected third-quarter earnings and raised its full-year guidance. Shares rose in early trading

EU slaps tariffs on Chinese EVs, risking Beijing payback

The European Union has decided to increase tariffs on Chinese-built electric vehicles to as much as 45.3% at the end of its highest profile investigation that has divided Europe and prompted retaliation from Beijing.

Visa profit beats expectation on resilient consumer spending

Visa beat Wall Street expectations for fourth-quarter profit on Tuesday, as consumers set aside worries of a slowing economy and swiped their cards to splurge on travel and dining out, sending its shares up 2% in trading after the bell.

Alphabet Stock Rises on Earnings Beat. Google Is Still the Search Tool of Choice.

Alphabet reported third-quarter earnings and revenue that beat Wall Street estimates, sending the stock higher.

Τράπεζες: Ραντεβού Στουρνάρα με CEOs για τον αναβαλλόμενο φόρο – Πώς θα αυξηθούν οι διανομές μερισμάτων

Επιταχύνονται οι εξελίξεις για την επίλυση του ζητήματος του αναβαλλόμενου φόρου στα κεφάλαια των τραπεζών. Σύμφωνα με πληροφορίες του insider.gr, το θέμα θα συζητηθεί αύριο, 31 Οκτωβρίου, σε συνάντηση που θα έχουν οι CEOs των τεσσάρων συστημικών τραπεζών με τον Διοικητή της ΤτΕ, Γιάννη Στουρνάρα.