In the Winter 2022 interim forecasts, EU downgrades 2022 Eurozone GDP growth forecasts from 4.3% to 4.0%. Nevertheless, 2023 GDP growth forecast was upgraded from 2.4% to 2.7%. Eurozone 2022 HICP inflation forecast was raised Read more…
Wall Street, and the White House, are braced for a grim inflation reading Thursday, but stellar corporate earnings could still give stock markets a boost heading into the final trading days of the week. Updated Read more…
USDCHF has recovered some lost ground after its short-term decline ceased at the 0.9177 region. However, in the last few four-hour sessions, its ongoing rebound seems to be faltering as the price has adopted a more sideways Read more…
Gold steady around two-week highs ahead of CPI Gold received a boost yesterday as US treasury yields eased, pulling the dollar lower. Russia – Ukraine tensions continued to act as a tailwind. Gold rose to Read more…
Twitter unveiled a $4 billion share buyback plan after posted modestly weaker-than-expected fourth quarter earnings and muted U.S. user growth. Twitter (TWTR) – Get Twitter, Inc. Report shares powered higher Thursday after the micro-blogging website said Read more…
Double-digit growth rates for zero sugar Coke, as well as big gains for its sport and hydration drinks, helped Coca-Cola top Q4 revenue forecasts and deliver a Street-beating bottom line. Coca-Cola (KO) – Get Coca-Cola Read more…
Those waiting to take the keys of their shiny new Ford Edge, Lincoln Nautilus or Honda Civic are likely going to have to wait a little longer. They can blame Canada. Those waiting to take Read more…
Disney added 11.8 million Disney+ subs over its December quarter, a stronger-than-expected total that topped rival Netflix by more than 3.5 million. Walt Disney (DIS) – Get Walt Disney Company Report shares surged higher in pre-market Read more…
Solid revenue gains at Frito Lay helped PepsiCo deliver stronger-than-expected Q4 earnings and a 7% dividend boost. Updated at 6:46 am EST PepsiCo (PEP) – Get PepsiCo, Inc. Report posted stronger-than-expected fourth quarter earnings Thursday, and Read more…
Stock futures flat with inflation, jobless claims in focus; White House braced for further inflation surge; Disney shares rocket after crushing Street streaming ads forecasts; Uber shares surge after Q4 profit, ride sharing rebound and Read more…