Breaking News
Jan 5, 2023
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Italy reported easing of inflation to 11.6% in December from 11.8% in November after natural gas prices eased. Germany, France, Spain and Switzerland also reported easing inflation this week.
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Germany's seasonally adjusted trade surplus in November increased to
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U.S. international trade deficit of goods and services declined to $61.5 billion in November, down $16.3 billion from the revised $77.8 billion in October.
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Walgreens said fiscal first quarter revenue eased 1.5% to $33.3 billion and swung to a net loss of $3.72 billion or $4.31 a share on $5.2 billion pre-tax charge related to opioid settlement.
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Conagra revenue in the fiscal first quarter rose 8.3% to $3.3 billion and net income jumped to 39% to $381.9 million and diluted earnings per share increased to 80 cents from 57 cents a year ago.
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Lamb Weston said quarterly sales rose 28% to $1.28 billion and net income increased to $103.1 million from $32.5 million and diluted earnings per share rose to 71 cents from 22 cents a year ago.
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Tesla Inc extended its recent discount of $1,400 in China till the end of February. Despite the recent sales weakness, Tesla unit sales in China are up 22% in the first 11 months to November.
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Salesforce said it plans to take as much as $2 billion in restructuring charges and trim about 10% of its 79,000 strong workforce as business conditions remain challenging.
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Mortgage application in the final week of 2022 dropped 13% from the previous two weeks and fell to the lowest level since 1996 amid rising mortgage rate and elevated home prices.
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Crude oil prices dropped 4% and fell near one-year low of $70.30 a gallon as demand growth worries grip market sentiment.
Jan 4, 2023