“In the latter weeks of the quarter, sales and profit trends softened meaningfully, with guests’ shopping behavior increasingly impacted by inflation, rising interest rates and economic uncertainty,” said CEO Brian Cornell. Target Corp. (TGT) – Read more…
With gaming demand extending its recent slump, and U.S. export rules crimping China sales, investors will be focused on Nvidia’s large data center business to power third quarter earnings and its near-term outlook. Nvidia Corp. Read more…
Lowe’s followed Home Depot with stronger-than-expected third quarter earnings powered by home improvement demand in a weakening housing market. Lowe’s Companies (LOW) – Get Free Report posted stronger-than-expected third quarter earnings Wednesday, while boosting its full-year Read more…
Kansas City Fed President Esther George told the WSJ, “‘I have not in my 40 years with the Fed seen a time of this kind of tightening that you didn’t get some painful outcomes”. “I’m Read more…
ECB Vice President Luis de Guindos said, “we will discuss about the reduction of our balance sheet,” at December meeting. “I think this is important in terms of both to reduce the excess liquidity that Read more…
The UK Consumer Price Index delivered another “positive” surprise, adding 2% for October, above the average forecast of 1.7%. Annual inflation accelerated to 11.1% against 10.1% previously and the forecast 10.7%. Inflationary pressures are much Read more…
The British pound has moved higher on Wednesday. In the European session, GBP/USD is trading at 1.1934, up 0.56%. The pound roared on Tuesday, gaining close to 1% and punching past the 1.20 line for Read more…
Stock futures gain as concern over Poland rocket strike eases; Target earnings on deck after solid Walmart update; Nvidia earnings likely to focus on China restrictions, data center demand; Estee Lauder confirms $2.8 billion deal Read more…
The British Pound started a fresh increase from the 1.1600 support zone against the US Dollar. The GBP/USD pair gained pace for a move above the 1.1800 resistance zone. The pair even settled above the Read more…
EUR/GBP Rises after UK Inflation Jumps The pound is struggling to find demand after UK inflation data showed that consumer prices jumped to a 41-year high of 11.1% YoY in October, ahead of forecasts of Read more…