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Elon Musk 'baaaack' With Twitter Blue Subscription Service
Elon Musk's Twitter has relaunched its paid premium subscription service 'Twitter Blue,' after holding a while for updating and verification of fake accounts. New subscriptions to Twitter Blue are currently available on the web only in the U.S., Canada, Australia, New Zealand, and the U.K., with plans to expand. Twitter said it is piloting a new service called Twitter Blue for Business.
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Dollar Drops Following U.S. CPI
Following the release of U.S. CPI for November at 8.30 am ET Tuesday, the greenback declined against its major counterparts.
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Dollar Mixed Ahead Of U.S. CPI
At 8.30 am ET Tuesday, U.S. CPI for November is set for release. Ahead of the data, the greenback traded mixed against its major counterparts. While it dropped against the pound and the yen, it held steady against the euro and the franc.
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Bay Street Likely To See Positive Start
Higher Canadian and U.S. futures, firm commodity prices and steady European stocks point to a positive start for the Canadian market on Tuesday.
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Stellantis Recalls About 1.23 Mln Pickup Trucks For Issues With Certain Tailgate Latching Components
Stellantis N.V. (STLA), formed by the merger Fiat Chrysler Automobiles N.V. and France's Peugeot S.A., announced Tuesday a voluntary recall of an estimated 1.23 million pickup trucks to inspect and realign, as needed, certain latching components on their tailgates.
The recall is limited to certain model-year 2019-2022 Ram 1500, 2500 and 3500 pickups. The company said vehicles equipped with Ram's multifunction tailgate and Ram 1500 Classic pickups are unaffected. Vehicles equipped with sensors that alert drivers to insecure tailgates are also excluded.
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Bank Of England To Slow Rate Hikes Ahead Of 'Prolonged' Recession
The Bank of England is likely to shift the gear down on interest rate hikes this week as the economy enters a 'prolonged' recession and inflation is seen slowing towards the 2 percent target in two years' time. Markets have penciled in a 50 bps rate hike, after the central bank delivered a 75 bps increase in November, which was the biggest in 33 years.
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American Airlines Group Promotes Devon May To Succeed Derek Kerr As CFO
American Airlines Group, Inc. (AAL) announced Tuesday that Devon May has been named Chief Financial Officer, effective January 1, 2023, following a long-planned succession process. May, who is currently the airline's senior vice president of Finance and Investor Relations, will report to American's CEO Robert Isom.
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more news
UK Unemployment Rate Rises, Wage Growth Strengthens
The UK jobless rate edged up again in the three months ended October as firms held back recruitment amid recession fears but wage growth remained strong, fueling pressure on the Bank of England to hike interest rates further in a bid to rein in inflation. The ILO jobless rate climbed to 3.7 percent in the three months to October, figures from the Office for National Statistics showed on Tuesday.
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United Airlines Inks Order To Buy Up To 200 New 787 Dreamliners From Boeing
United Airlines Holdings, Inc. (UAL) announced Tuesday the largest widebody order by a U.S. carrier in commercial aviation history by ordering 100 Boeing 787 Dreamliners with options to purchase 100 more.
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LL Flooring Plans To Slow New Store Openings; Recommence Share Repurchases In 2023
Providing a business update in advance of investor meetings, specialty retailers LL Flooring (LL) said Tuesday it plans to slow new store openings and recommence share repurchases in 2023 under its existing share repurchase program
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MediWound Says Burn Treatment NexoBrid Approved In India
Biopharmaceutical company MediWound Ltd. (MDWD) announced Tuesday it has gained marketing approval of NexoBrid in India. MediWound has signed an agreement granting Indian peer Bharat Serums and Vaccines Ltd. the exclusive right to market and distribute NexoBrid in India for the treatment of severe burns.
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Sensex, Nifty Climb Led By IT Stocks And Financials
Indian shares rose notably on Tuesday, with firm global cues offering some support amid signs of further easing of China's COVID restrictions and hopes of a less hawkish Federal Reserve.
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Switzerland To See Sluggish GDP Growth, Severe Recession Unlikely
The Swiss economy will experience sluggish growth but it will not enter a severe recession next year, and is set to fare better in 2024 on the back of a global recovery, the State Secretariat for Economic Affairs, or SECO forecast Tuesday. The economy will grow only 1.0 percent next year, instead of 1.1 percent estimated in September. The outlook for 2022 was retained at 2.0 percent.
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