Zalando cuts 2023 sales forecast as demand stays weak
(Reuters) – Europe’s biggest online fashion retailer, Zalando, sees continued pressure on demand for the rest of the year and…
Hedge fund investors pull $80 billion from industry in 2023 – Aurum
(Reuters) – The hedge fund industry saw a net $80 billion of outflows for the year to Oct. 18, even…
Unlike Pfizer, Moderna can meet 2023 COVID forecast, analysts say
(Reuters) – Moderna should hit the lower end of its sales target for this year as it only needs to…
Barclays upgrades GM, Ford to Overweight on ‘historically cheap valuation’
Barclays upgraded Detroit automakers, General Motors (NYSE:GM) and Ford (NYSE:F) to Overweight ratings (From Equal-weight) as the companies move past…
US Senator Schumer urges FTC to probe Exxon, Chevron mega-deals
(Reuters) – U.S. Senate Majority Leader Charles Schumer on Wednesday urged the U.S. Federal Trade Commission to consider possible anti-competitive…
Universal Display Earnings: What To Look For From OLED
OLED provider Universal Display (NASDAQ:OLED) will be announcing earnings results tomorrow afternoon. Here’s what investors should know. Last quarter Universal…
Wall St rises ahead of Fed policy decision
(Reuters) – Wall Street’s main stock indexes rose on Wednesday as investors looked forward to the Federal Reserve’s monetary policy…
Euro fluctuates amid cooling inflation and fading ECB rate hike prospects
The euro (EUR) experienced a volatile trading session yesterday, initially strengthening due to a weakening US dollar (USD), but later…
Yum Brands results beat as Taco Bell promotions draw customers
(Reuters) – Yum Brands topped Wall Street estimates for third-quarter results on Wednesday as a reboot of popular menu items…
Humana shares fall as reaffirmed 2023 profit view disappoints
(Reuters) -Humana on Wednesday beat third-quarter profit estimates on a better-than-expected performance in its government-backed insurance plans, but disappointed the…