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Forex News
TuSimple Confirms Eric Tapia As New CFO
Autonomous driving technology company TuSimple (TSP) announced Friday the appointment of Eric Tapia as the company's new Chief Financial Officer. Tapia has been serving in the role of interim Chief Financial Officer since July 7, 2022.
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864 days ago
Uber In Deal With Meijer For Grocery Delivery Across The Midwest
Uber Technologies has announced a partnership with privately-owned grocery store chain Meijer, Inc. under which Uber Eats will deliver groceries to customers across the Midwest. Customers will be able to shop through Uber and Uber Eats from nearly 250 Meijer locations from this week through the winter.
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864 days ago
FTSE 100 Lower Amidst Slump In Manufacturing, Retail Sales
FTSE 100 of the London Stock Exchange plunged to a four-week low amidst concerns over prolonged monetary tightening and an impending recession. Recession fears were reinforced with weak PMI and retail sales numbers released earlier in the day.
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864 days ago
Accenture Raises FY23 EPS Outlook; Boosts Dividend 15% - Update
While reporting financial results for the first quarter of fiscal 2023 on Friday, professional services company Accenture plc (ACN) raised its earnings outlook for the full-year 2023, while maintaining annual revenue growth forecast. It also provided revenue outlook for the second quarter.
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864 days ago
Eurozone Private Sector Downturn Slows
Eurozone private sector contracted for a sixth month in a row in December, while the pace of decline slowed for a second time, suggesting that the economic downturn will be less severe than expected previously. The flash composite output index rose to a four-month high of 48.8 in December from 47.8 in the previous month, survey results from S&P Global showed Friday. The reading was also above ec
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864 days ago
European Stocks Losing Ground Again As Recession Fears Weigh On Sentiment
European stocks are sliding on Friday, posting sharp losses for a second straight session, as rising fears of a recession following the latest rate hikes by global central banks and the hawkish tone of the Federal Reserve and a few other banks weigh on sentiment.
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864 days ago
CAC-40 Overwhelmed By Recession Fears
The CAC-40 plunged more than 1 percent as markets weighed the likelihood of the prolonged interest rate hikes taking a toll on the economy's health. Recession fears dominated sentiment amidst central banks worldwide reiterating their commitment to fighting inflation, even at the cost of sacrificing growth.
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864 days ago
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Sensex, Nifty Extend Losses To 2nd Straight Day As Growth Worries Weigh
Indian stock indices Sensex and the Nifty closed notably lower for a second straight session, as stocks tumbled on Friday amid rising concerns about global economic slowdown after major central banks raised interest rates and signaled further policy tightening in the coming months.
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864 days ago
More German Companies Having Survival Concerns; Retailers Worry Over Christmas Season: Ifo Survey
More businesses in Germany were concerned about their survival amid tough economic conditions and the group continued to be led by retailers, who this time were worried about the Christmas holiday season, survey data from the ifo institute showed Friday.
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864 days ago
DAX Burdened By Hawkish Central Bank Actions
The German stock market benchmark DAX extended losses, dropping close to a percent, amidst lingering pain over central banks world-wide hiking interest rates and also hinting at still more increases.
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864 days ago
Australian Dollar Declines On Global Growth Concerns
The Australian dollar fell against its major counterparts in the European session on Friday, as investors fear that tighter monetary policy across the globe could lead to a recession.
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864 days ago
Asian Stocks End Lower On Recession Worries
Asian markets traded lower on Friday as rate hikes and a hawkish posture by central banks worldwide spooked investor confidence and triggered fears of a recession. Benchmarks in Japan, China, Australia, New Zealand and South Korea plunged into red while the Hang Seng advanced from Thursday's levels.
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864 days ago
Twitter Suspends Accounts Of Some Key Journalists
Elon Musk's Twitter has suspended accounts of several high-profile journalists including that of CNN, The New York Times, The Washington Post, as well as Mastodon, a Twitter rival. Musk, while replying to a Twitter user, said, "They posted my exact real-time location, basically assassination coordinates, in (obvious) direct violation of Twitter terms of service."
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864 days ago
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