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U.S. Consumer Sentiment Slumps In November, Inflation Expectations Ticker Higher
The University of Michigan released preliminary data on Friday showing U.S. consumer sentiment has pulled back much more than expected in November after seeing modest improvements in recent months. The report showed the consumer sentiment index slumped to 54.7 in November after inching up 59.9 in October.
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vor 814 Tagen
UK GDP Logs First Contraction Since Early 2021
The UK economy contracted for the first time in six quarters in the three months ended September, which is likely to be the beginning of a prolonged recession as projected by the Bank of England. Gross domestic product shrank 0.2 percent sequentially, offsetting the 0.2 percent gain in the second quarter, the first estimate from the Office for National Statistics showed Friday.
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vor 814 Tagen
U.S. Dollar Lower On Hopes For Slower Fed Rate Hikes
The U.S. dollar lost ground against its major counterparts in the European session on Friday, as indications that inflation has peaked in October supported the case for a slowdown in the pace of rate hikes in the coming months.
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vor 814 Tagen
Malaysia GDP Expands At Fastest Pace In More Than A Year
Malaysia's economic growth rose to double-digit in the third quarter, which was the biggest in more than a year, on base effects and robust domestic demand, official data showed on Friday. Gross domestic product registered a sharp annual growth of 14.2 percent after expanding 8.9 percent in the second quarter, data released by Bank Negara Malaysia revealed. This was the biggest since the second
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vor 814 Tagen
United Airlines Offers 5% Pay Hike To Pilots Ahead Of Schedule
United Airlines Holdings Inc. is giving pilots a 5 percent pay raise as promised during a pandemic cost-reduction deal, reports said. The pay hike is months ahead of schedule following the airline's return to profitability and positive outlook. The news came as the airline is struggling to come to terms on a new contract with its pilots' union, The Air Line Pilots Association or ALPA.
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vor 814 Tagen
Bay Street Looks Headed For Positive Start
Higher stock futures and firm crude oil and gold prices point to a positive start for the Canadian market on Friday.
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vor 814 Tagen
Innovid Trims FY22 Revenue Outlook - Update
While reporting financial results for the third quarter on Friday, advertising platform Innovid Corp. (CTV) provided revenues guidance for the fourth quarter and trimmed its revenue outlook for the full-year 2022.
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vor 814 Tagen
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Algonquin Power & Utilities Slashes FY22 Outlook As Q3 Adj. EPS Misses Estimates
Algonquin Power & Utilities Corp. (AQN, AQN.TO) reported Friday a net loss attributable to shareholders for the third quarter of $195.2 million or $0.29 per share, sharply wider than $27.9 million or $0.05 per share in the prior-year quarter.
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vor 814 Tagen
Pound Eases As U.K. Economy Shrinks
The pound retreated from its early highs against its most major counterparts in the European session on Friday, as the U.K. economy contracted in the third quarter, fuelling concerns over a recession.
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vor 814 Tagen
Sensex, Nifty Surge Amid Global Rally; Auto Stocks Underperform
Indian shares rallied on Friday as cooling U.S. inflation fueled hopes the Federal Reserve would soon start scaling down the size of its interest-rate hikes.
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vor 814 Tagen
Elon Musk Reportedly Warns Twitter Bankruptcy Possible
Elon Musk, in his first meeting with Twitter staff following the acquisition, warned that the social media platform could file for bankruptcy next year, reports said. The news comes as more and more key employees are leaving Twitter following the recent mass layoff. The U.S. Federal Trade Commission said its watching Twitter with deep concern after the company's top privacy and compliance officer
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vor 814 Tagen
European Shares Rise As China Eases COVID Curbs; FTSE 100 Underperforms
European stocks rose on Friday to extend gains from the previous session as cooling U.S. inflation fueled hopes the Federal Reserve would soon start scaling down the size of its interest-rate hikes.
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vor 814 Tagen
FTSE 100 Gives Up Early Gains As Economy Shrinks In Third Quarter
U.K. stocks gave up early gains to turn flat on Friday after official data showed the U.K. economy contracted for the first time since early 2021 in the third quarter.
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vor 814 Tagen
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