Breaking News
Dec 7, 2022
  • Toll Brothers fiscal fourth quarter sales increased 23.3% to $3.7 billion and net income rose to $640.5 million from $374.3 million or $5.63 from $3.02 a share from a year ago.
    • Thor Industries said net sales in the fiscal first quarter increased 21.5% to $3.11 billion and net income declined to $136.2 million from $242.2 million or $2.53 from $4.34 a year ago.
      • Lowe's announced a new $15 billion stock repurchase program with no expiration date in addition to the previous program's balance of $6.4 billion as of December 6, 2022.
        • MongoDB said the fiscal third quarter revenue increased 47% to $333.6 million and net income rose to $84.8 million from $81.3 million or $1.23 from $1.22 a diluted share a year ago.
          • Container freight rates between Asia and the U.S. West Coast plunged 93% and down 84% between Asia and the U.S. East Coast as of December 2 from a year ago, according to the Baltic Dry Index.
          • Dec 6, 2022
            • Sumo Logic soared 11% after the cloud company said the fiscal third quarter sales rose 27% to $79 million and loss narrowed to $26.3 million or 22 cents from $30.8 million or 28 cents a year ago.
              • Brent crude oil dropped for the second week and fell to a 11-month low, below the price before Russia's invasion of Ukraine in late February.
                • The Russian ruble falls to a two-month low below 63 against the U.S. dollar after the EU oil embargo kicked in.
                  • Germany's factory orders declined 0.8% in October from September when orders fell downwardly revised 2.9% and declined 3.2% from a year ago. Export orders rose 2.5% and domestic orders fell 1.9%.
                    • The U.S. international trade deficit in goods and services was $78.2 billion in October, an increase of 19.9% from a year ago and 5.4% from September, BEA reported Tuesday.