Stock Markets, Business News, Financials, Earnings

Powell Powers Rally On Wall Street, Techs Lead Gainers
Investors reacted positively after Fed Chairman Powell said future rate hikes may be moderated but the terminal rate is likely to cross 4.6% and stay above longer than anticipated in September. Nov 30
Euro Zone Inflation Eases, German Jobless Rate Rises
Euro zone inflation in November eased for the first time since June 2021 but held steady in France. German unemployment rate rose and Spain's retail sales improved in October. Nov 30

Bath & Body Works Sales Fall After Two Years of Rapid Growth
Third quarter sales declined and net income plunged after two years of rapid growth. The cash flow turned negative as the company continued its capital expenditure and store renovation program intact. BBWI
Nov 17
Target Net Plunged 50%, Weak Guidance for Holiday-Quarter
Target lowered expectations for the holiday sales and said customers are avoiding discretionary items and sticking to basics. The company lowered its outlook for comparable store sales and operating margin. TGT
Nov 16

Kroger and Albertsons Merger Plan to Face Scrutiny
The combined company plans to spin off about 400 stores and rival the grocery sales leader Walmart, if approved by the antitrust regulators. KR ACI
Oct 14
Diamondback Energy Estimates FireBird Acquisition Accretive In 2023
Diamondback Energy agreed to acquire FireBird Energy and guided the purchase to be accretive in key financial metrics. FANG
Oct 12

Powell Guides Moderate Future Hikes, Higher Rates Longer
Despite multiple rate increases in 2022, consumer price inflation, the personal consumption expenditure and core PCE are still elevated and stubbornly high. The Fed is likely to moderate future rate increases but higher rates are likely to prevail longer.
Nov 30
Home Price Growth Slows
Home prices are still rising but at a slower pace across the U.S. Home prices in Miami, Tampa and Charlotte are still growing in double digits.
Nov 29

ECB Plans to Go Beyond Rate Hikes and Bond Sale to Combat High Inflation
The ECB is struggling to bring down inflation above 10% to its target range of 2%. But higher rates are not impacting inflation trend and may have to take additional steps in restricting economic activities.
Nov 18
China's Property Rescue Measures Fall Short of Expectations
China proposes financial assistance to troubled lenders and payment deferral plans for homeowners to reignite growth in the property market.
Nov 14