The Federal Reserve released its Beige Book report Wednesday afternoon, noting U.S. economic activity was little changed in recent weeks. The Beige Book, a compilation of anecdotal evidence on economic conditions in each of the twelve Fed districts, said nine districts reported either no change or only a slight change […]

Finnish critical networks and communications company Nokia Corp. reported Thursday higher profit and net revenues in its first quarter with improved performance in most of its segments. Comparable earnings and margin, meanwhile, declined from last year. Further, the firm maintained its fiscal 2023 and long term targets. Nokia shares were […]

Dutch semiconductor equipment maker ASML Holding N.V. reported Wednesday significantly higher profit in its first quarter mainly driven by strong net sales with increased sales of lithography systems. Further, the company lifted dividend, and said it sees sequentially higher net sales in the second quarter. ASML also maintained its fiscal […]

Save articles for later Add articles to your saved list and come back to them any time. There is a patchiness to this week’s unexpectedly strong economic growth numbers that makes it difficult to assess whether China’s 4.6 per cent first-quarter GDP growth is sustainable. There was always going to […]

Save articles for later Add articles to your saved list and come back to them any time. The past year and a bit have been a rollercoaster for stock market investors. In January 2022, the regime that the market had been in clearly changed, and no longer was it just […]

Save articles for later Add articles to your saved list and come back to them any time. With its bold patterns and bright colours, Memphis is certainly a divisive design period. Some can’t get enough of it while others, who lived through the 1980s, are keen to forget it. But […]

888 Holdings Plc (888.L), an owner of gambling brands and websites, reported that its net loss attributable to equity holders of the parent for fiscal year 2022 was 120.5 million pounds or 28.3 pence per share compared to net profit of 49.9 million pounds or 13.2 pence per share in […]

With the collapse of Silicon Valley Bank coming not long before the Federal Reserve’s latest monetary policy meeting, the minutes of the meeting revealed some debate about raising interest rates. The minutes of the March 21-22 meeting, released Wednesday afternoon, showed some participants considered leaving rates unchanged to allow more […]

Delta Air Lines, Inc. reported Thursday narrower net loss in its first quarter with strong growth in revenues. Adjusted earnings missed market estimates. Further, the company issued second-quarter outlook, expecting adjusted earnings above market with strong revenues, and also reiterated fiscal 2023 view. In pre-market activity on Nasdaq, the shares […]

The International Monetary Fund slightly lowered the global growth forecast for this year and expects inflation to slow more slowly than anticipated earlier as the lender warned that the economic situation is fragile, citing the recent financial sector turmoil. The world economy is set to grow 2.8 percent this year […]