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    • Breaking News
    Jan 19, 2023
    • Nordstrom said 9-week holiday period sales fell 3.5% from a year ago and lowered its fiscal year EPS outlook to between $1.33 and $1.53 from the previous range between $2.13 and $2.43.
      • Netflix added 7.6 million net new subscribers in the fourth quarter and ended the year 2022 with 230.75 million subscribers.
        • Netflix said fourth quarter revenues increased 1.9% to $7.85 billion but net income plunged to $55 million from $607 million and diluted earnings per share fell to 12 cents from $1.33 a year ago.
          • Jan 18, 2023
          • Wholesale price inflation slowed to 6.21% in December, the smallest increase since March 2021. On a monthly basis, prices fell 0.5%, the largest decline since April 2020.
            • The Bank of Japan left its key short term interest rates at -0.1% and said it will maintain its ultra-low policy stance despite the rising inflation pressures.
              • Microsoft said it plans to lay off 10,000 workers and take a one-time charge of $1.2 billion or 12 cents per share.
                • Burberry Group sales comparable sales in December quarter increased 1% and rose 11% excluding mainland China.
                  • J B Hunt said fourth quarter sales increased 4% to $3.65 billion and net income declined to $201 million from $242 million and diluted earnings per share fell to $1.92 from $2.28 a year ago.
                    • Jan 17, 2023
                    • China's GDP growth in the fourth quarter of 2022 slowed to 2.9% from 3.9% in the third quarter. For 2022, the economy expanded at 3%, the slowest pace since 1976 excluding 2.2% advance in 2020.
                      • Goldman Sachs said fourth quarter revenue fell 16% from a year ago to $10.6 billion and net income plunged to $1.2 billion from $3.8 billion or diluted EPS fell to $3.32 from $10.81 from a year ago.