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Weber Q4 Net Loss Widens; Sales Down 52%
Barbeque brand Weber Inc. (WEBR) reported Wednesday that net loss for the fourth quarter widened to $152.12 million or $0.53 per share from $86.07 million or $0.13 in the prior-year quarter.
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UK Inflation Slows On Lower Transport Cost
UK consumer price inflation slowed more-than-expected in November from a 41-year high in October as transport costs rose at a weaker pace, but elevated prices and higher interest rates continue to squeeze household finances, official data showed just a day ahead of the Bank of England rate decision announcement.
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Passage Bio Says New Interim Data From Imagine-1 Clinical Study Strengthens Safety Profile Of PBGM01
Genetic medicines company Passage Bio, Inc. (PASG) announced on Wednesday new interim safety, biomarker, and clinical development results from cohorts 1-3 in the Imagine-1 clinical study.
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Lennox Int'l Guides FY23 In Line With Estimates
Ahead of its 2022 Investor Day in New York City later on Wednesday, Lennox International Inc. (LII) initiated its 2023 financial guidance and long-term financial targets for 2026.
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Rate Hike Fears Weaken Sentiment At FTSE-100
FTSE 100 of the London Stock Exchange shed more than quarter percent amidst fears over the length and depth of rate hikes by central banks. The Fed's decision is due later in the day whereas the Bank of England would announce its decision on Thursday.
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Fed Fears Drag CAC-40
The CAC-40 tracked a general cautious mood ahead of the Fed's interest rate review later in the day.
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European Stocks Drifting Lower Ahead Of Fed Policy Announcement
European stocks are down in negative territory around noon on Wednesday with investors largely staying cautious ahead of the Federal Reserve's monetary policy announcement, due later in the day.
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more news
DAX Drops As Markets Brace For The Fed's Review
The German stock market benchmark DAX dropped more than half a percent amidst fears over the outcome of the Fed's interest rate review later in the day.
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Eurozone Industrial Production Falls On Weak Demand
Eurozone industrial production declined for the first time in three months in October with almost all sectors contracting as economic uncertainty and higher producer prices took a toll on demand. After rising for two straight months, industrial output dropped 2.0 percent from September, Eurostat, the statistical office of the European Union reported on Wednesday.
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Sensex, Nifty Close Modestly Higher Ahead Of Fed Policy Announcement
Indian benchmark indices Sensex and the Nifty closed higher on Wednesday, extending gains from the previous session, after data from the U.S. Labor Department showed a smaller than expected increase in consumer prices in the world's largest economy in November.
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Australian Dollar Climbs On Soft U.S. Inflation Data Before Fed Decision
The Australian dollar advanced against its major counterparts in the European session on Tuesday, as softer-than-expected U.S. inflation data bolstered expectations that the Federal Reserve will scale back the size of its interest rate increases at today's monetary policy decision.
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Ford Ramps Up F-150 Lightning Production By Adding A Third Shift
Amid surging demand, Ford Motor Co. is boosting the production of electric F-150 Lightning pickup truck with the addition of a third production shift to its Rouge Electric Vehicle Center in Michigan. The automaker said it is now the No. 2 EV brand in the U.S. year-to-date with the success of Lightning.
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Asian Stocks End Trading On A Positive Note
Euphoria surrounding the lower-than-expected inflation readings in the U.S. helped most of the Asian benchmarks to finish Wednesday's trading on a positive note. However, caution ahead of key central bank decisions on interest rates and China's covid caseloads kept the gains in check.
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