Breaking News
Nov 25, 2022
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China expanded strict lockdowns in more areas, covering regions contributing to 20% of economic activities from less than 10%.
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The European Union diplomats delayed by a week its controversial Russian crude oil price-cap decision to between $65 and $70 a barrel.
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The People's Bank of China lowered its bank reserve ratio by 25 basis points to a weighted average ratio of 7.8%, freeing as much as $70 billion in capital.
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China said rising Covid infections in 23 provinces and 7 large regions in dense urban areas with Beijing, Chongqing and Guangzhou, hit the hardest.
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China's daily Covid infections surged to the April levels, forcing stringent lockdowns in parts of Beijing and other cities.
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Foxconn work-complex in Zhengzhou, China, the maker of expensive Apple's iPhones, is facing worker rebellion on stringent lockdown conditions.
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More Fed policy makers see reasons to slow the pace of future rate hikes but also estimated rates have further to go, the latest FOMC minutes showed.
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Best Buy Q3 sales fell 11% to $10.59 billion and net income declined to $277 million or $1.22 a share from $499 million or $2 a share a year ago.
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Abercrombie Q3 sales declined 3% to $880 million and swung to a net loss of $2.2 million or 4 cents a share from $47 million or 77 cents a year ago.
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Dollar Tree Q3 sales rose 8.1% to $6.9 billion and net income rose 23% to $267 million or $1.20 a share from $216 million or 96 cents a year ago.
Nov 24, 2022
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Nov 22, 2022
