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U.S. Manufacturing Index Edges Down To Lowest Level Since May 2020

U.S. Manufacturing Index Edges Down To Lowest Level Since May 2020

The Institute for Supply Management released a report on Wednesday showing U.S. manufacturing activity contracted at a slightly faster rate in the month of December. The ISM said its manufacturing PMI edged down to 48.4 in December from 49.0 in November, with a reading below 50 indicating a contraction. Economists had expected the index to slip to 48.5.
RTTNews | 846日前
Hyundai Motor America December Total Sales Up 40%

Hyundai Motor America December Total Sales Up 40%

Hyundai Motor America reported Wednesday that it sold a total of 72,058 units in the month of December, up 40 percent from last year's 51,340 units, driven by new December retail and total sales records for Venue, Elantra HEV, Elantra N, IONIQ 5, Santa Fe HEV, Tucson HEV, Santa Cruz, Kona EV and Kona N.
RTTNews | 846日前
Kaltura Announces Re-organization Plan, To Cut About 11% Of Current Workforce

Kaltura Announces Re-organization Plan, To Cut About 11% Of Current Workforce

In a Form 8-K filing with the U.S. Securities and Exchange Commission on Wednesday, software company Kaltura, Inc. revealed that its Board of Directors approved on January 3, 2023 a re-organization plan that includes, among other things, downsizing approximately 11% of the Company's current workforce and adapting the Company's organizational structure, roles, and responsibilities accordingly.
RTTNews | 846日前
U.S. Dollar Down As Fed Minutes In Focus

U.S. Dollar Down As Fed Minutes In Focus

The U.S. dollar dropped against its major counterparts in the European session on Wednesday, as investors awaited the minutes of the Federal Reserve's December meeting for more clarity on the monetary policy outlook.
RTTNews | 846日前
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UK Mortgage Approvals Weakest Since Mid-2020

UK Mortgage Approvals Weakest Since Mid-2020

UK mortgage approvals reached the lowest level since the middle of 2020 as rising interest rates acted as a drag on housing demand. Mortgages approved for house purchases decreased more-than-expected to 46,100 from 57,900 in October, the Bank of England reported Wednesday. This was the lowest level since June 2020, when approvals totaled 40,500. The expected level was 55,000.
RTTNews | 846日前
Eurozone Private Sector Downturn Softens In December

Eurozone Private Sector Downturn Softens In December

Euro area private sector activity shrank at the end of 2022, at the least marked pace since July, on the back of a slower fall in order books and a rebound in business confidence amid slowing inflation, results of the closely watched purchasing managers' survey suggested Wednesday. The composite output index rose to 49.3 in December from 47.8 in November, data from S&P Global showed.
RTTNews | 846日前
German Auto Industry Confidence Improves, Outlook Uncertain: Ifo

German Auto Industry Confidence Improves, Outlook Uncertain: Ifo

German automakers sentiment turned positive at the end of 2022, but the overall business situation was strained for both manufacturers and suppliers, and expectations for the coming months remain cautious, survey results from the ifo Institute showed on Wednesday. The auto industry index rose to 1.5 in December from -1.5 in November, the Munich-based institute said.
RTTNews | 846日前
Patterson-UTI Energy Sees Q4 Net Income Exceeding $100 Mln

Patterson-UTI Energy Sees Q4 Net Income Exceeding $100 Mln

Providing an update on the fourth quarter results on Wednesday, oilfield services provider Patterson-UTI Energy, Inc. (PTEN) announced that it expects its net income for the fourth quarter of 2022 to exceed $100 million and its adjusted EBITDA for the fourth quarter of 2022 to surpass $230 million, based on current projections.
RTTNews | 846日前

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