“Banking was the business most adversely impacted by the macro environment with reduced deal flows and a lower appetite for M&A,” said CEO Jane Fraser. Citigroup (C) – Get Citigroup Inc. Report posted better-than-expected third quarter Read more…
GBPUSD shifted to the sidelines after Thursday’s quick advance halted marginally near the 200-period simple moving average (SMA) at 1.1300 as it did earlier this month. The stochastics have exited the overbought territory, while the Read more…
The dollar index edged higher in European trading on Friday, regaining traction after Thursday’s 0.7% drop. Unexpected drop was sparked by revived risk appetite, despite the latest report showed US inflation rose above expectations in Read more…
Crude oil price started a fresh increase after it formed a base above the $84.50 level against the US Dollar. The price broke the $85 resistance zone to move into a short-term positive zone. The Read more…
“Our decision to reduce personnel and expenses throughout the company reflects an appropriate right-sizing of our organization given current economic conditions,” said CEO Ethan Brown. Beyond Meat (BYND) – Get Beyond Meat Inc. Report shares fell sharply lower Read more…
“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…