J Sainsbury PLC said Wednesday that it expects to deliver profits for fiscal 2023 toward the upper end of its current guidance following record trading during the Christmas period. The Read more
Tag: Sees
Southwest sees flight cancellations costing up to $825 million
Southwest Airlines Co. warned Friday that it expects to report a surprise net loss for the fourth quarter, because of the costs associated with all the flights it canceled in Read more
Vanguard sees a recession in 2023 — and one ‘silver lining’ for investors
The last 12 months was a year of fast-rising inflation, fast-rising interest rates and fast-rising questions about a future recession. Prices went up while stock markets and savings account balances Read more
Daimler Truck sees higher revenue, boosted by strong sales, price increases
Daimler Truck Holding AG on Friday said revenue increased in the third quarter, boosted by strong vehicle sales and higher prices. The German commercial-vehicles maker DTG, +2.52% said revenue rose Read more
‘Housing companies are in the jungle now’ — Redfin sees housing downturn through at least next year
Shares of Redfin Corp. fell after hours on Wednesday, as the residential real-estate brokerage braced for what it said was a housing-market slump that could extend through at least next Read more
ABN Amro economist now sees more Fed rate increases followed by deeper cuts
ABN Amro economist now sees more Fed rate increases followed by deeper cuts
Bond market sees gridlock in Washington even before midterm election results roll in, traders say
It will take many more hours and maybe even days before the final results of Tuesday’s U.S. midterm elections are in, but the bond market has already come up with Read more
China sees violent protests against COVID restrictions, and U.S. cases have been rising
Protests in northeastern China against the government’s zero-COVID policy became violent, as seven people were arrested after a clash between residents and police enforcing quarantine restrictions, the Associated Press reported. Read more
BofA cuts home price growth to 0% for next 2-3 years, but still sees no major distress unfolding
Record low affordability and a dearth of houses to buy have credit analysts at BofA Global cutting their outlook for U.S. home price growth to zero in 2023, while also Read more
BT stock sees worst day in two years as U.K. telecom flags rising costs
Shares of BT Group PLC saw their biggest one-day drop since the pandemic lows of March 2020, after the telecom giant said it would have to fight harder against inflation Read more