The department store chain also raised its forecast for the year.
Archiv für den Monat: November 2021
Macy’s shares rise as department store beats on earnings and hikes full-year outlook, thanks to new customers
Macy’s reported third-quarter earnings and sales that topped analysts‘ expectations, leading the department store chain to raise its full-year forecast.
Alibaba shares drop 5% as its slashes guidance and earnings plunge on China’s slowdown
Alibaba has been a victim of China’s crackdown on its technology industry which has seen a slew of new regulation brought in from antitrust to data protection.
Nvidia data center sales grew 55% on demand for artificial intelligence chips
Nvidia stock rose more than 5% in extended trading after it reported third-quarter earnings Wednesday that beat expectations for both earnings and sales.
Cisco reports disappointing revenue and issues forecast that misses estimates
Cisco CEO Chuck Robbins said the company saw strong demand despite supply challenges, but the company failed to meet analysts‘ revenue estimates.
US futures buoyed as Wall Street looks to enter the fray
US futures have gradually inched higher in European trading
That is keeping the overall risk mood in a better spot going into the session ahead, following a bit of a light setback in trading yesterday.
That is keeping the overall risk mood in a better spot going into the session ahead, following a bit of a light setback in trading yesterday.
Kiwi keeps at the highs of the day ahead of North American trading
The kiwi was bolstered by stronger NZ inflation expectations earlier today
The report earlier pretty much seals the deal for a rate hike by the RBNZ next week as the kiwi is staying buoyed so far on the day.
The report earlier pretty much seals the deal for a rate hike by the RBNZ next week as the kiwi is staying buoyed so far on the day.
PBOC says that two-way fluctuations in the yuan will become the normal
Remarks by the PBOC on the Chinese yuan
Here is a look at the offshore yuan, largely keeping in between 6.35 to 6.50 since:
Here is a look at the offshore yuan, largely keeping in between 6.35 to 6.50 since:
ECB to look through current inflation surge, stick with easy policy – HSBC
ECB to bolster support for more QE next month, says HSBC
The firm argues that the surge in inflation pressures in the euro area isn’t going to deter the ECB from sticking with its easy stance, despite estimates of annual inflation hitting an all-time high of 4.5% in November, according to HSBC’s senior economist.
The firm argues that the surge in inflation pressures in the euro area isn’t going to deter the ECB from sticking with its easy stance, despite estimates of annual inflation hitting an all-time high of 4.5% in November, according to HSBC’s senior economist.
OECD raises French growth forecasts, says recovery has surpassed most expectations
OECD lifts French 2021 growth projection to 6.8% from 6.3% previously
Meanwhile, it also raises the 2022 growth projection to 4.2% from 4.0% previously, noting that consumer spending has bounced back robustly on the vaccination campaign.
Meanwhile, it also raises the 2022 growth projection to 4.2% from 4.0% previously, noting that consumer spending has bounced back robustly on the vaccination campaign.