JAKARTA – Jakarta Composite Stock Price Index (JCI) kept declining since today’s (5/8) transaction opening until the closing bell this afternoon. The index was closed at 7,059.65, much lower than the opening position at 7,230.39. As monitored until the closing bell, it crashed to the lowest level at 2 PM WIB at 7,004.44. After hitting...
The Swiss franc strengthened against most major currencies in the Asian session on Monday. The Swiss franc rose to more than 6-month highs of 0.9304 against the Euro and 1.0892 against the pound, from last weeks closing quotes of 0.9355 and 1.0974, respectively. Against the U.S. dollar, the franc climbed to nearly a 7-month high...
Indian shares opened sharply lower on Monday as a weak July U.S. jobs report as well as disappointing earnings from the likes of Intel and Amazon ignited worries that the worlds largest economy could be falling into a recession under the weight of the Federal Reserves policy of high interest rates. The benchmark S&P/BSE Sensex...
Automotive retailer Sonic Automotive, Inc. (SAH) reported Monday that net income for the second quarter nearly doubled to $41.2 million or $1.18 per share from $23.4 million or $0.65 per share in the prior-year quarter. Excluding items, adjusted earnings for the quarter were $1.47 per share, compared to $1.83 per share in the year-ago quarter....
Sotera Health Co. (SHC) reported Monday that net income for the second quarter nearly doubled to $8.75 million or $0.03 per share from $23.51 million or $0.08 per share in the prior-year quarter. Excluding items, adjusted earnings for the quarter were $0.19 per share, compared to $0.20 per share in the year-ago quarter. On average,...
The Indian rupee weakened against the U.S. dollar in the European session on Monday, amid concerns over an escalating Middle East conflict and fears the U.S. economy may be heading for a recession. Reports suggest the Benjamin Netanyahu-led government could sanction a pre-emptive strike on Iran to prevent an attack on Israeli soil. Disappointing earnings...
Tyson Foods, Inc. (TSN) reported Monday net income attributable to the company for the third quarter of $191 million or $0.54 per share, compared to a net loss of $417 million or $1.18 per share in the prior-year quarter. Excluding items, adjusted earnings for the quarter were $0.87 per share, compared to $0.15 per share...
The Canadian market is likely to open with a big negative gap Monday morning, tracking a sell-off in global markets amid rising fears the U.S. economy is heading for a recession. Escalating tensions in the Middle East, and falling commodity prices are also likely to render the mood quite bearish. On the Canadian economic front,...
The euro area private sector activity posted its weakest growth in the current five-month sequence of expansion amid falling demand and weaker sentiment, final data from S&P Global showed on Monday. The final composite output index slid to 50.2 in July from 50.9 in June. The flash reading was 50.1. The score moved close to...
Frontdoor, Inc. (FTDR) announced Monday that Evan Iverson has been promoted to Senior Vice President and Chief Operating Officer, effective August 1, 2024. As Chief Operating Officer, Iversons responsibilities now include oversight of the companys technology strategy and architecture, as well as the integration and delivery of technology into the companys service offerings. This is...