Breaking News
Dec 21, 2022
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Existing home sales annual pace in November declined 7.7% to 4.09 million units from October, the NAR report showed today. Sales plunged 35.4% from a year ago and weakest since November 2010.
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European markets closed up between 1.5% and 2.0% on holiday sales and earnings improvement optimism.
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The S&P 500 and the Nasdaq Composite indexes closed up 1.5% and crude oil jumped nearly 3% to $78.30 a barrel.
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BlackBerry said fiscal third quarter revenue was flat at $169 million and net loss shrank to $4 million from $54 million and diluted loss per share fell to 9 cents from 10 cents a year ago.
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Carnival Corp said fiscal fourth quarter revenue surged three-fold to $3.8 billion and loss shrank to $1.6 billion from $2.5 billion and diluted loss per share fell to $1.27 from $2.31 a year ago.
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Nike said revenue in the fiscal second quarter increased 17% to $13.3 billion and net income was flat at $1.3 billion and diluted earnings per share increased to 85 cents from 84 cents a year ago.
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Toro said revenue in the fiscal fourth quarter increased 14% to $4.51 billion and net income rose 8% to $443.3 million from $409.9 million and diluted earnings per share rose 11% to $4.20.
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The Bank of Japan widened its 10-year bond yield range to between zero and 0.5% from zero and 0.25% after six years of loose monetary policy. The BoJ left its key lending rate at -0.1%.
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The Nikkei 225 index in Tokyo plunged 2.5% after the Bank of Japan left bond yield drift lower in an effort to smoothen bond market functioning. The yen soared 3%.
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Government bond yields around the world spiked after the Bank of Japan widened its yield range and let the bond yields rise after six years of loose monetary policy.
Dec 20, 2022