Breaking News
Jan 20, 2023
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Baltic Exchange's Dry Bulk Index, a measure of worldwide ocean freight cost, plunged 8.8% to a 30-month low to 801 ahead of the Lunar New Year holiday period in China.
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The People's Bank of China left its key one-year Loan Prime Rate unchanged for the fifth month in a row at 3.65% and the five-year reference rate for mortgages at 4.3%.
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Existing homes sales in December declined for the eleventh month in a row and dropped to the lowest level not seen since November 2010 to 4.02 million units, 34% lower than a year ago.
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Japan's trade deficit widened in December on higher energy and raw materials prices and weaker yen. 2022 international trade deficit soared to $155 billion, surpassing the previous high in 2014.
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Initial claims for jobless benefits declined 15,000 to 190,000 last week and the four-week moving average fell 6,500 to 206,000, indicating tight labor market conditions.
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Charles Schwab Corp said fourth quarter revenue increased 17% to $5.5 billion and net income rose 25% to $1.96 billion and diluted earnings per share increased to 97 cents from 76 cents a year ago.
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P&G said revenue in the December quarter declined 1% to $20.7 billion and net income fell 7% to $3.9 billion and diluted earnings per share dropped to $1.59 from $1.77 a year ago.
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WNS said revenue in the December quarter increased 8% to $306.9 million and net income edged slightly up to $34.7 million or diluted earnings per share rose to 69 cents from 68 cents a year ago.
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Fastenal Company said revenue in the December quarter increased 10.7% to $1.70 billion and earnings rose 6.2% to $245.2 million and diluted EPS advanced to 43 cents from 40 cents a year ago.
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PPG said revenue in December quarter increased 2% to $4.5 billion and net income declined 4% to $329 million and diluted earnings per share fell to $1.39 from $1.43 a year ago.
Jan 19, 2023
