“We are determined to improve our operational and financial performance for the second half of the year,” said CEO Hans Vestberg following softer-than-expected second quarter earnings. Verizon Communications (VZ) – Get Verizon Communications Inc. Report posted Read more…
Bundesbank said in its monthly report, “the German economy is likely to have stagnated in spring 2022.” High inflation is having a negative impact on the purchasing power of private households. Also, poor consumer mood due Read more…
The British pound is in negative territory today and has fallen below the 1.2000 line. In the European session, GBP/USD is trading at 1.1956, down 0.23%. Retail sales slide in June A busy economic calendar Read more…
“We had an outstanding second quarter, with record levels of revenue and Card Member spending,,” said CEO Stephen Squeri. Updated at 7:15 am EST American Express (AXP) – Get American Express Company Report posted better-than-expected second Read more…
“We face a number of very large and very sophisticated competitors (and) we’re seeing the overall advertising pie grow at a slower rate amid the macro headwinds,” said CFO Derek Anderson. Snap Inc (SNAP) – Read more…
Stock futures steady amid renewed recession risk; Snap shares plunge after ad sector warning; Twitter shares lower with Q2 earnings in focus; Mattel shares dip after solid Q2 profits, price hikes and Seagate warning hits Read more…
ECB Governing Council member Francois Villeroy de Galhau said today, “starting the increase in interest rates faster does not mean that (the cycle of increases) will end higher”. Regarding the new Transmission Protection Instrument (TPI), Read more…
The Euro started a recovery wave above the 1.0200 zone against the US Dollar. The EUR/USD pair climbed above the 1.0250 resistance but it faced sellers. The pair faced sellers near the 1.0275 zone and Read more…
UK PMI Manufacturing dropped from 52.8 to 52.2 in July, above expectation of 52.0. that’s the lowest level in 24 months. PMI Services dropped from 54.3 to 53.3, above expectation of 53.2. That’s the lowest Read more…
Eurozone PMI Manufacturing dropped from 52.1 to 49.6 in July, below expectation of 51.0. That’s the lowest level in 25 months. PMI Services dropped from 53.0 to 50.6, below expectation of 52.0. That’s the lowest Read more…