Forex News
Mercedes-Benz Stock Down On Weak Q1 Results, FY24 View
Shares of Mercedes-Benz Group AG were losing around 5 percent in the German trading after the automobile major reported Tuesday weak profit and revenues in its first quarter amid lower unit sales of cars. The company also confirmed its fiscal 2024 outlook, expecting lower earnings and flat revenues.
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204 days ago
Bay Street Likely To Open On Mixed Note; Earnings, Fed Meeting In Focus
Canadian shares look headed for a mixed start Tuesday morning with investors tracking commodity prices, and a slew of earnings updates from Canadian and U.S. companies. The focus will be on Federal Reserve's monetary policy meeting, which gets underway today.
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204 days ago
Germany Skirts Recession In Q1
The German economy avoided a recession in the first quarter on exports and investment in construction, preliminary data from Destatis showed on Tuesday. Gross domestic product grew a more-than-expected 0.2 percent sequentially in the first quarter, in contrast to the revised 0.5 percent decrease in the preceding three months.
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204 days ago
Macerich Q1 Loss Sharply Widens; Withdraws FY24 Outlook
REIT Macerich Co. (MAC) reported Tuesday that a net loss attributable to the company of $126.73 million or $0.59 per share, sharply wider than $58.73 million or $0.27 per share in the prior-year quarter.
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204 days ago
Futures Pointing To Slightly Subdued Start On Wall Street
Futures indicate a slightly weak start for U.S. stocks Tuesday morning. The focus will be on a slew of quarterly earnings updates, and the Federal Reserve's monetary policy meeting, which gets underway today.
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204 days ago
Public Service Enterprise Reaffirms FY24 Operating Earnings Outlook - Update
While reporting financial results for the first quarter on Tuesday, Public Service Enterprise Group, Inc. (PEG) again reaffirmed its operating earnings guidance for the full-year 2024.
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204 days ago
American Tower Q1 Profit Nearly Triples; Boosts FY24 Outlook
American Tower (AMT) reported Tuesday that net income attributable to the company for the first quarter soared to $917.4 million or $1.96 per share from $335.8 million or $0.72 per share in the prior-year quarter.
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204 days ago
more news
UK Mortgage Approvals At 18-Month High
UK mortgage approvals increased to a one-and-a-half year high in March as the impact of higher interest rates waned, data published by the Bank of England showed on Tuesday. Net mortgage approvals for house purchases increased to 61,300 in March from 60,500 in February. This was the highest since September 2022 and also above the expected level of 61,000.
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204 days ago
American Electric Power Reaffirms FY24 Outlook - Update
While reporting financial results for the first quarter on Tuesday, electric utility American Electric Power Co., Inc. (AEP) reaffirmed its fiscal 2024 operating earnings guidance in the range of $5.53 to $5.73 per share, with long-term growth rate of 6 to 7 percent.
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204 days ago
Eli Lilly Boosts FY24 Outlook - Update
While reporting financial results for the first quarter on Tuesday, drugmaker Eli Lilly and Co. (LLY) raised its earnings, adjusted earnings and revenue guidance for the full-year 2024, primarily driven by the strong performance of Mounjaro and Zepbound and greater visibility into the company's production expansion for the remainder of the year.
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204 days ago
Eaton Boosts FY24 Outlook - Update
While reporting its financial results for the first quarter on Tuesday, power management company Eaton Corp plc (ETN) provided financial guidance for the second quarter and raised outlook for the full-year 2024.
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204 days ago
Sensex, Nifty Give Up Early Gains Ahead Of Fed Meeting
Indian shares gave up early gains to end modestly lower on Tuesday as caution prevailed ahead of the Federal Reserve's monetary policy announcement on Wednesday.
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204 days ago
Euro Rises On Strong Eurozone Economic Data
The euro strengthened against other major currencies in the Asian session on Tuesday, after data showed that the euro area economy expanded in the first quarter after two consecutive declines and also the consumer prices registered a steady growth in April.
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204 days ago
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