Stocks ended a choppy session with gains Thursday, finding support after the December consumer-price index showed inflation continued to slow, in line with forecasts, last month. The data appeared to Read more
Tag: forecasts
Inflation slows again at the end of 2022 and clears path for slower Fed rate hikes
The numbers: The U.S. cost of living fell 0.1% in December and posted the first decline since the onset of the pandemic in 2020, pointing to a further slowdown inflation Read more
Recessions always spur big layoffs, but the Fed thinks this time might be different
Can the Federal Reserve slow the economy and crush high inflation without triggering mass layoffs? Top officials at the central bank think they can pull it off. Most economists predict Read more
EU lowers 2023 growth outlook, raises nflation forecasts as war in Ukraine takes toll
The European Commission lowered 2023 growth expectations for the eurozone economy and raised inflation forecasts on Friday, with Russia’s invasion of Ukraine denting global demand and reinforcing inflationary pressures. Gross Read more
EU lowers 2023 growth outlook, raises nflation forecasts as war in Ukraine takes toll
The European Commission lowered 2023 growth expectations for the eurozone economy and raised inflation forecasts on Friday, with Russia’s invasion of Ukraine denting global demand and reinforcing inflationary pressures. Gross Read more
ArcelorMittal profit misses forecasts, as shipments fall, energy costs rise
ArcelorMittal on Thursday reported third-quarter net income that missed expectations as market conditions deteriorated, marked by lower shipments and higher energy costs. The Luxembourg-based steelmaker MT, -2.24% MT, -0.25% said Read more
Commerzbank profit and revenue beat forecasts, thanks to higher rates, strong consumer business
Commerzbank AG said Wednesday that rising rates and strong customer business helped it to expectations-beating profit and revenue for the third quarter, despite high one-off costs in Poland. Germany’s second-largest Read more
Honda Motor earnings fall short, but lifts annual forecasts thanks to weak yen
Honda Motor Co. said Wednesday that its second-quarter net profit rose 14%, thanks to stronger earnings from its motorcycle business. The Japanese auto maker 7267, -0.70% HMC, +0.85% said net Read more
Homebuilder Persimmon’s shares hit by sales drop, warning over ‘deteriorating’ economic outlook
Stock in giant U.K. homebuilder Persimmon tumbled on Tuesday after the FTSE 100 company posted a drop in sales, scrapped its dividend and gave a grim outlook for next year’s Read more
The end of the pandemic earnings boom is in sight as holiday forecasts disappoint
Large corporations’ seemingly ceaseless profit growth during the COVID-19 pandemic appears to be coming to an end this holiday season, as the post-lockdown rebound grates up against rising prices, recession Read more