As China reopens and data surprises, economists are starting to get less gloomyBarclays on Friday raised its global growth forecast to 2.2% in 2023, up 0.5 percentage points from its […]
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Goldman Sachs posts its worst earnings miss in a decade as revenue falls while expenses rise
Goldman Sachs posts its worst earnings miss in a decade as revenue falls while expenses riseHere’s what the company reported: Earnings of $3.32 per share vs. $5.48 estimate of analysts […]
As China reopens and data surprises, economists are starting to get less gloomy
As China reopens and data surprises, economists are starting to get less gloomyBarclays on Friday raised its global growth forecast to 2.2% in 2023, up 0.5 percentage points from its […]
Economic Calendar: Jan 16 – Jan 20
Economic Calendar: Jan 16 – Jan 20Monday January 16U.S. markets closed (Martin Luther King Jr. Day)Japan machine tool orders(8:30 a.m. ET) Canadian manufacturing sales and new orders for November. Analyst […]
JPMorgan tops estimates for fourth-quarter revenue, but says mild recession is now ‘central case’JPMorgan tops estimates for fourth-quarter revenue, but says mild recession is now ‘central case’Here’s what the company reported: Earnings of $3.57 per share, which doesn’t compare with the $3.07 estimate, […]
Citigroup’s fourth-quarter profit declines by 21% as bank sets aside more money for credit losses
Citigroup’s fourth-quarter profit declines by 21% as bank sets aside more money for credit lossesCitigroup profit fell by 21% in the fourth quarter of 2022 The bank also set aside […]
Sweden finds Europe’s largest deposit of rare earth metals, which could become ‘more important than oil and gas’
Sweden finds Europe’s largest deposit of rare earth metals, which could become ‘more important than oil and gas’Swedish mining company LKAB discovered one million metric tons of rare earth oxides, […]
Algonquin Power cuts dividend by 40 per cent, shares slump
Algonquin Power cuts dividend by 40 per cent, shares slumpAlgonquin Power and Utilities Corp. (AQN-T -4.62%decrease) slashed its quarterly dividend by about 40 per cent amid what the company called challenging […]
U.S. inflation cooling as consumer prices fall; labour market still tight
U.S. inflation cooling as consumer prices fall; labour market still tightU.S consumer prices fell for the first time in more than 2-1/2 years in December amid declining prices for gasoline […]