Breaking News
Dec 7, 2022
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The eurozone September quarter economic growth was revised higher to 0.3% from the previous estimate of 0.2% following 0.8% expansion in June quarter, Eurostat said on Wednesday.
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European market indexes declined for the fourth session in a row on the rising prospects of a global recession in 2023 and weak resource stocks led the decliners.
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The average mortgage rate fell 8 basis points to 6.41% for 30-year fixed-rate mortgages for conforming loan balances with 20% down payment, the Mortgage Bankers Association said Wednesday.
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Toll Brothers fiscal fourth quarter sales increased 23.3% to $3.7 billion and net income rose to $640.5 million from $374.3 million or $5.63 from $3.02 a share from a year ago.
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Thor Industries said net sales in the fiscal first quarter increased 21.5% to $3.11 billion and net income declined to $136.2 million from $242.2 million or $2.53 from $4.34 a year ago.
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Lowe's announced a new $15 billion stock repurchase program with no expiration date in addition to the previous program's balance of $6.4 billion as of December 6, 2022.
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MongoDB said the fiscal third quarter revenue increased 47% to $333.6 million and net income rose to $84.8 million from $81.3 million or $1.23 from $1.22 a diluted share a year ago.
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Container freight rates between Asia and the U.S. West Coast plunged 93% and down 84% between Asia and the U.S. East Coast as of December 2 from a year ago, according to the Baltic Dry Index.
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Sumo Logic soared 11% after the cloud company said the fiscal third quarter sales rose 27% to $79 million and loss narrowed to $26.3 million or 22 cents from $30.8 million or 28 cents a year ago.
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Brent crude oil dropped for the second week and fell to a 11-month low, below the price before Russia's invasion of Ukraine in late February.
Dec 6, 2022