Flash Purchasing Managers\' survey results from the euro area and the UK are the top economic news due on Tuesday. At 2.00 am ET, the Office for National Statistics releases UK public sector finance data. The budget deficit is forecast to widen to GBP 8.9 billion in March from GBP 7.48 billion in February. At...
While reporting financial results for the first quarter on Tuesday, Ryder System, Inc. (R) raised its earnings and comparable earnings guidance for the full-year 2024, while trimming revenue growth outlook. The company also provided financial outlook for the second quarter. For fiscal 2024, the company now projects earnings in a range of $10.95 to $11.70...
Philip Morris International Inc. (PM) reported Tuesday that net earnings attributable to PMI for the quarter grew to $2.15 billion or $1.38 per share from $2.00 billion or $1.28 per share in the prior-year quarter. Excluded items, adjusted earnings for the quarter were $1.50 per share, compared to $1.38 per share in the year-ago quarter....
Slightly higher Canadian futures point to a positive start for the Canadian market Tuesday morning. Encouraging economic data from Europe may also aid sentiment. Once again, weak commodity prices could limit market\'s upside. Key U.S. growth and inflation data remain on investors\' radar ahead of the next Federal Open Market Committee meeting on April 30-May...
While reporting financial results for the first quarter on Tuesday, clean energy company NextEra Energy, Inc. (NEE) reaffirmed its adjusted earnings guidance for the full year 2024, 2025 and 2026. The company continues to expect adjusted earnings for fiscal 2024 in the range of $3.23 to $3.43 per share. On average, 20 analysts polled by...
The euro area private sector expanded the most in nearly a year in April as the continuing downturn in the manufacturing activity was offset the strength in the service sector, flash survey results from S&P Global showed on Tuesday. The composite output index registered 51.4 in April, up from 50.3 in March. The reading stayed...
Kopin Corp., Inc. (KOPN) announced Tuesday that a jury verdict was entered on Monday in the U.S. District Court for the District of Colorado finding for the plaintiff, BlueRadios, Inc. and awarding approximately $5.1 million in damages as well as recommending $19.7 million in disgorgement and exemplary damages. The Court will take that recommendation under...
The U.S. government has offered up to $6.4 billion funding to Samsung Electronics Co Ltd. to build semiconductor manufacturing and research and development facilities in Texas. This will add to South Korean tech major\'s proposed investment of over $40 billion in the state to build a cluster of semiconductor factories in the coming years aiming...
Asian stocks tumbled on Tuesday while bond yields surged, and the dollar climbed to more than five-month highs as Middle East tensions persisted and signs of resilient consumer demand in the U.S. meant the Federal Reserve could delay interest rate cuts this year. Citing a strong economy and labor market alongside lingering inflation, San Francisco...
German stocks traded sharply lower on Tuesday as investors fretted about higher interest rates and waited for Israel\'s response to Iran\'s unprecedented attack. Meanwhile, Germany\'s wholesale prices continued to decline in March, and at a steady pace, data from Destatis showed earlier today. Wholesale prices dropped 3.0 percent on a yearly basis, the same as...