“We are closely monitoring risks related to the continued impact of high inflation and increasing interest rates,” said CEO Charlie Scharf. Wells Fargo (WFC) – Get Wells Fargo & Company Report posted weaker-than-expected third quarter earnings Read more…
Already grappling with its COO’s alleged nose-biting antics, the faux-meat maker is now lowering its forecasts and issuing pink slips amid slowing demand. Faux-meat maker Beyond Meat (BYND) – Get Beyond Meat Inc. Report on Friday Read more…
Kroger CEO Rodney McMullen said the $25 billion merger with Albertsons “advances our commitment to build a more equitable and sustainable food system”. Kroger (KR) – Get Kroger Company (The) Report and Albertsons ACI agreed to Read more…
JPMorgan CEO Jamie Dimon cautioned of “significant headwinds” to the global economy as the biggest U.S. bank set aside near $1 billion to cover potentially bad loans. JPMorgan Chase (JPM) – Get JP Morgan Chase Read more…
Double-digit sales gains for Optum once again helped UnitedHealth to stronger-than-expected third quarter earnings and a full-year profit boost. UnitedHealth Group (UNH) – Get UnitedHealth Group Incorporated (DE) Report posted better-than-expected third quarter earnings Friday, powered Read more…
Stock futures lower after huge Wall Street rally; Retail sales in focus after hot inflation data; JPMorgan leads bank earnings parade amid deal slump; Elon Musk under federal probe linked to Twitter takeover, court papers Read more…
USD/JPY continues to move edge higher and is up 1.6% this week. In the European session, USD/JPY is trading at 147.67, up 0.25%. The Japanese yen is once again on a downswing, after hugging the Read more…
This year saw the premier of the first ever PyCon Portugal! With DjangoCon Europe being hosted in Porto this year, the organizers took the opportunity to piggyback off of this conference and set up a Read more…
Eurozone exports of goods rose 24.0% yoy to EUR 231.1B in August. Imports rose 53.6% yoy to EUR 282.1B. Trade deficit came in at EUR -50.9B. Intra-Eurozone trade rose 34.8% yoy to EUR 210.5B. In Read more…
USDCAD has been in a steep uptrend since mid-September when the price managed to forcefully cross above the 1.3222 region. Although the pair spiked higher to a fresh 29-month high in the previous daily session, Read more…