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European Markets Rebound from Morning Losses

Jul 12, 2022
Bridgette Randall
European markets closed higher after investors shifted focus to upcoming earnings with the backdrop of uncertain natural gas supply in the region. The euro maintained a downward trend and briefly traded at parity with the U.S. dollar.

Asian Markets Ease On Rising Coronavirus Infections In China

Jul 12, 2022
Arjun Pandit
Asian markets closed down on the growing worries of global economic slowdown and the surging dollar fueled the imported inflation.

PepsiCo Lifted Core Earnings Outlook, Sales Rise 5%

Jul 12, 2022
Scott Peters
PepsiCo reported June quarter sales rose 5% and net income fell 42% on rising input costs.

PEP

PriceSmart Earnings Down On Higher Markdowns

Jul 12, 2022
Scott Peters
PriceSmart revenues rose 15% but earnings plunged 15% after supply chain disruptions forced the retailer to discount discretionary items more than usual.

PSMT

Earnings Worries and Strong Dollar Keep S&P 500 and Nasdaq Down

Jul 12, 2022
Barry Adams
U.S. stocks traded sideways as the dollar extended gains against the worldwide currencies. Investors are dialing down the earnings growth expectations as corporations face macroeconomic headwinds and cost pressures.

U.S. Stocks Fall Ahead of Earnings With Strong Dollar Adding to a List of Worries

Jul 11, 2022
Barry Adams
The S&P 500 index closed down 1% and the Nasdaq fell 2% as focus shifts to earnings ahead. Dollar strength adds to a growing list of worries as investors look for clues of the future path of earnings.

Asian Markets Drop, LDP In Japan Won Super Majority to Revise Constitution

Jul 11, 2022
Arjun Pandit
Asian Markets closed down but the indexes in Japan gained more than 1% after the Bank of Japan revised higher its economic assessment for seven of the nine country's regions. The ruling Liberal Democratic Party won enough seats to revise its pacifist constitution.



S&P 500 Drops 1%, Nasdaq Down 2% On Inflation and Earnings Jitters

Jul 11, 2022
Barry Adams
Stocks traded lower on Monday ahead of earnings from banks later in the week and inflation report on Wednesday. European markets dropped on the worries of natural gas supply in two weeks.

Musk Backs Out of Twitter Bid Over Fake Accounts

Jul 9, 2022
Scott Peters
From the beginning, Elon Musk's $44 billion bid was questioned by financial community despite participation from 18 other prominent investors. The social media platform has seen a string of departures and management turmoil since Musk's involvement.

U.S. Stocks On Hold After Big Payroll Gains

Jul 8, 2022
Barry Adams
The latest job report highlighted the strength in the labor market despite signals of economic growth waning. The killing of Japan's former prime minister Shinzo Abe sent shock waves around the world.

SAVE WDFC JBLU LEVI

Stocks On Wall Street Turn Lower After Strong Jobs Report

Jul 8, 2022
Barry Adams
U.S. non-farm payrolls rose sharply higher in June fueling the worries of a larger rate hike at the next Fed's meeting this month.

LEVI WDFC

European Movers: Holcim, JD Sports, TAG Immobilien

Jul 8, 2022
Bridgette Randall
TAG Immobilien initiated a shareholder rights plan and raise capital to finance the acquisition of ROBYG SA. Holcim agreed to acquire the leading ready concrete-mix maker in Romania.

European Markets Edge Higher In Cautious Trading

Jul 8, 2022
Bridgette Randall
European markets advanced in cautious trading after Italian production declined for the first time in four months. France's trade and current account deficit widened and Norway's trade surplus soared on a surge in energy exports.

Levi Strauss Quarterly Sales Rise 15% Despite Strong Dollar

Jul 7, 2022
Scott Peters
Levi Strauss said quarterly sales rose 15% and earnings dropped 23% on charges linked to closure of Russian operations. The strong dollar also impacted international sales growth.

LEVI


WD-40 Plunges 10% After Quarterly Revenues and Income Dropped

Jul 7, 2022
Scott Peters
WD-40 said third quarter revenues declined after strong dollar hurt international sales translation. The company also lowered its annual sales and earnings outlook.

WDFC