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
Tag: lowers
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
Weekly tally of COVID cases and deaths continues to fall; Moderna lowers vaccine-sales outlook by as much as $3 billion
The global tally of COVID-19 cases fell 17% in the week through Oct. 30 from the previous week, while the death toll fell 5%, the World Health Organization said in Read more
Weekly tally of COVID cases and deaths continues to fall; Moderna lowers vaccine-sales outlook by as much as $3 billion
The global tally of COVID-19 cases fell 17% in the week through Oct. 30 from the previous week, while the death toll fell 5%, the World Health Organization said in Read more
Aston Martin Lagonda global Q3 loss doubled; lowers 2022 guidance
Aston Martin Lagonda Global Holdings PLC AML, -11.71% said Wednesday that its loss for the third quarter more than doubled amid supply-chain challenges and foreign exchange revaluations and it lowered Read more
Nordstrom stock tanks after retailer lowers outlook for the year
Nordstrom Inc. stock fell more than 10% in the extended session Tuesday after the retailer beat expectations for its second quarter but called for lower sales and profit for the Read more
Macy’s stock pops premarket after earnings top estimates, but company lowers guidance to reflect difficult environment
Macy’s Inc. M, -4.07% share rose 3.6% in premarket trade Tuesday, after the company posted better-than-expected earnings for the second quarter, although it lowered its full-year guidance to reflect a Read more
Nextdoor lowers revenue outlook, will rein in hiring; stock slammed
Nextdoor Holdings Inc. KIND, -6.98% shares fell 13% in after-hours trading Tuesday after it cut its full-year revenue outlook and said it would limit hiring. The holding company for a Read more
SAP posts higher revenue, but lowers annual forecast as Russia’s war in Ukraine harms profit
SAP SE on Thursday posted higher revenue for the second quarter as its cloud business continued to grow, but the war in Ukraine harmed operating profit, prompting the German business-software Read more
SAP posts higher revenue, but lowers annual forecast as Russia’s war in Ukraine harms profit
SAP SE on Thursday posted higher revenue for the second quarter as its cloud business continued to grow, but the war in Ukraine harmed operating profit, prompting the German business-software Read more
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