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Bed Bath & Beyond Appoints Sue Gove As New President And CEO
Bed Bath & Beyond, Inc. (BBBY) announced Wednesday the appointment of Sue Gove as President & Chief Executive Officer. Gove has served as Interim CEO since June 2022.
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Masco Slashes FY22 Adj. EPS Outlook As Q3 Results Miss Estimates - Update
While reporting financial results for the third quarter on Wednesday, Masco Corp. (MAS) lowered its adjusted earnings guidance for the full-year 2022 to a range of $3.70 to $3.80 per share from the prior forecast range of $4.15 to $4.25 per share.
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Avery Dennison Trims FY22 Adj. EPS Outlook - Update
While reporting financial results for the third quarter on Wednesday, materials science company Avery Dennison Corp. (AVY) trimmed its adjusted earnings outlook for the full-year 2022.
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French Consumer Confidence Rebounds Unexpectedly
France's consumer confidence improved unexpectedly in October, after weakening slightly in the previous month as households were less pessimistic regarding an improvement in the cost of living in the next months, survey results from the statistical office Insee showed on Wednesday.
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Oriental Education Sees Q2 Revenues Above Estimates - Update
While reporting financial results for the first quarter on Wednesday, Oriental Education & Technology Group Inc. (EDU) said it expects total net revenues in the second quarter to be in the range of $601.4 million to $619.2 million, representing year-over-year decline in the range of 9 to 6 percent.
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European Shares Slip Amid Earnings Deluge
European stocks were broadly lower in choppy trade on Wednesday, as earnings proved to be a mixed bag and investors braced for the ECB rate decision on Thursday.
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German Ifo Exporters' Confidence Rises In October
German exporters' expectations improved moderately in October despite rising energy prices and prospects of a recession, a survey conducted by the ifo Institute showed on Wednesday. The export expectations index climbed to -5.3 in October from -6.0 in the previous month. The September score was the weakest since May 2020.
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more news
FTSE 100 Slides As Earnings Disappoint
U.K. stocks fell on Wednesday as mixed earnings updates offset investor optimism over Rishi Sunak pledging to lead the country out of an economic crisis.
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CAC 40 Inches Higher On Earnings
French stocks edged up slightly on Wednesday as Treasury yields continued their retreat on hopes for slower U.S. rate hikes in the coming months.
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Australian, NZ Dollars Advance On Slower Fed Rate Hike Expectations
The Australian and NZ dollars appreciated against their major counterparts in the Asian session on Wednesday, as soft U.S. economic data raised hopes that the Federal Reserve is likely slow the pace of rate hikes following its meeting in November.
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DAX Rises On Earnings
German stocks advanced on Wednesday as investors digested a raft of earnings updates and looked ahead to Thursday's ECB meeting.
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Deutsche Bank Q3 Profit Soars, AuM Down; To Meet FY22 Goals; Stock Down
German banking major Deutsche Bank AG reported Wednesday that its third-quarter profit grew more than threefold with higher revenues and weak expenses. Profit before tax was its highest third quarter result since 2006. Meanwhile, Assets under management declined. The bank said it is on track to meet fiscal 2022 outlook. Deutsche Bank shares were losing around 2 percent in the morning trading.
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Asian Shares Climb As Fed Hike Bets Ease
Asian stocks advanced on Wednesday as weak U.S. data released overnight boosted expectations of a less hawkish Federal Reserve.
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