While reporting financial results for the second quarter on Monday, ON Semiconductor Corp. (ON) provided earnings and revenue guidance for the third quarter of fiscal 2024, which was in line with estimates. For the third quarter, the company projects earnings in a range of $0.85 to $0.97 per share and adjusted earnings in a range...
McDonald\'s Corp. announced Monday weak profit in its second quarter, below market estimates, hit mainly by higher charges and lower Systemwide sales and comparable sales. The fast food major\'s total revenues were nearly flat, but it grew about 1 percent in constant currencies. In pre-market activity on the NYSE, McDonald\'s shares were gaining around 0.6...
Bank of Marin Bancorp (BMRC), parent company of Bank of Marin, reported Monday a net loss for the second quarter of $21.90 million or $1.36 per share, compared to $2.92 million or $0.18 per share in the prior-year quarter. Excluding items, comparable earnings was $0.06 per share. Net interest income for the quarter was $22.47...
Asian stocks steadied on Friday as strong U.S. GDP data and cooling inflation suggested a soft landing is in sight for the world\'s largest economy. Markets have raised their expectations for three rate cuts by the end of the year, with some economists expecting the Fed\'s first rate cut to be extra-large. It is believed...
German stocks eked out modest gains on Friday as investors reacted to mixed earnings results and awaited the release of U.S. June PCE data later in the day for directional cues. The benchmark DAX was up 55 points, or 0.3 percent, at 18,353 after dropping half a percent the previous day. Luxury automaker Mercedes-Benz rose...
French stocks advanced on Friday as strong U.S. GDP growth and signs of cooling inflation paved the way for the Federal Reserve to cut interest rates soon. Earlier this week, a former Fed hawk said waiting for September to cut rates \"unnecessarily increases the risk\" of recession. The benchmark CAC 40 rose 67 points, or...
The University of Michigan released revised data on Friday showing consumer sentiment in the U.S. deteriorated by slightly less than previously estimated in the month of July. The report said the consumer sentiment index for July was upwardly revised to 66.4 from the preliminary reading of 66.0. Economists had expected the reading to be unrevised....
Canadian stocks are up in positive territory around noon on Friday, tracking firm U.S. stocks after a closely watched inflation data from the Commerce Department has added to confidence about an interest rate cut by the Federal Reserve in September. Technology stocks are up, bouncing back from recent losses. Healthcare, real estate, industrials, financials and...
The South Korea stock market has moved lower in two straight sessions, tumbling almost 65 points or 2.3 percent along the way. The KOSPI now sits just above the 2,710-point plateau and it may tick lower again on Friday. The global forecast for the Asian markets is mixed ahead of more earnings news and economic...
The Malaysia stock market has finished lower in two straight sessions, slumping almost 15 points or 1 percent in that span. The Kuala Lumpur Composite Index now rests just above the 1,615-point plateau and it\'s tipped to open in the red again on Friday. The global forecast for the Asian markets is mixed ahead of...