Author: FX
Workday Q4 2023 Earnings Preview Source link
© Reuters. A GE AC4400CW diesel-electric locomotive in Union Pacific livery, is seen ahead of a possible strike if there is no deal with the rail worker unions, as a Metrolink commuter train (right) arrives at Union Station in Los Angeles, California, U.S., Septembe (Reuters) – U.S. railroad Union Pacific (NYSE:) on Sunday said it expects to name a successor to assume the position of chief executive officer replacing Lance Fritz in 2023. “Union Pacific has been my home for 22 years and I am confident that now is the right time for Union Pacific’s next leader to take the…
Weekend comments from a member of the European Central Bank Governing Council and Governor of the Banca d’Italia Ignazio Visco. He spoke in a Bloomberg TV interview. Visco said the ECB will increase interest rates as much as required to get inflation back down to 2% and that its not possible to predict what the terminal rate will be:“I don’t think that we can indicate now what the terminal rate will be, not even if it’ll be 3.5%, 3.25% or 3.75%, because really it is data-dependent” “Our objective is to go back to an inflation rate of 2% in the…
© Reuters. FILE PHOTO: The Los Angeles river during a rare cold winter storm in the Los Angeles area, in Los Angeles, California, U.S., February 24, 2023. REUTERS/Aude Guerrucci By Pete Schroeder (Reuters) – After a rare snowfall dusted Los Angeles on Saturday, Southern California is bracing for a series of weak storms that will bring wind and rain this week to coastal areas while Northern and Central California mountain communities could see more heavy snow. Over the past three days, the storm brought the rare sight of snowflakes in Los Angeles, more known for palm trees and sun. But…
bgwalker/iStock Unreleased via Getty Images Recent retail foot traffic data suggests discount and dollar stores should remain resilient in 2023. Despite a disappointing earnings result from Dollar General (NYSE:DG) this past week as holiday sales faltered, data from Placer.ai suggests the continued impact of inflation is likely to keep consumers bargain hunting in 2023. In fact, the data suggests Dollar General (DG) is an outlier in terms of only modest foot traffic improvements as the overall category continues to show strength. “Though the pandemic’s impact on retail may be fading, the category has continued to see visit increases, likely due…
Terran Orbital could become acquisition target amid space consolidation Source link
© Reuters. FILE PHOTO: Mexico’s President Andres Manuel Lopez Obrador speaks to the media during a news conference at the Old City Hall (Antiguo Palacio del Ayuntamiento), in Mexico City, Mexico January 20, 2023. REUTERS/Henry Romero MEXICO CITY (Reuters) -Thousands gathered in cities throughout Mexico on Sunday to protest against President Andres Manuel Lopez Obrador’s drive to shrink the independent electoral authority, arguing the changes threaten democracy – an accusation he vigorously denies. Mexico’s Congress last week approved a major overhaul of the National Electoral Institute (INE), which Lopez Obrador has repeatedly attacked as corrupt and inefficient. Critics of the…
krblokhin/iStock Editorial via Getty Images Outright banning cryptocurrency assets (BTC-USD) is not ideal, though such an action still should be taken into consideration, the International Monetary Fund’s Executive Board said last week. Growing crypto adoption “could undermine the effectiveness of monetary policy, circumvent capital flow management measures, and exacerbate fiscal risks,” the Fund said in a statement. That, in addition to “the extra-territorial nature of crypto assets and its providers, as well as the increasing interlinkages with the financial system, motivate the need” for a coordinated policy response among the organization’s member countries. Other risks include the impact of crypto…
Recommended by Daniel Dubrovsky Get Your Free Equities Forecast Global market sentiment deteriorated this past week, setting traders up for volatility moving forward. On Wall Street, the Dow Jones, S&P 500 and Nasdaq 100 fell 2.61%, 2.94%, and 3.89%, respectively. Across the Atlantic, the FTSE 100 and DAX 40 sank 1.57% and 1.76%, respectively. Japan’s Nikkei 225 and Hong Kong’s Hang Seng Index fell 0.88% and 3.43%, respectively.Counter to the stock market, the US 2-year Treasury yield soared to 4.82%, marking the highest confirmed close since 2007. On Friday, the US PCE Core Deflator crossed the wires higher across the…
Araya Doheny/Getty Images Entertainment Netflix (NASDAQ:NFLX) kept rolling up hits with its original programming in new streaming ratings, while HBO Max (NASDAQ:WBD) kept riding its latest breakthrough and Peacock (NASDAQ:CMCSA) broke through again. The ensemble comedy film You People (NFLX) streamed 1.576B minutes and debuted at the top spot in Nielsen’s most recent weekly streaming content ratings (for Jan. 23-29). The movie stars Jonah Hill, Lauren London, Eddie Murphy, Julia Louis-Dreyfus, Nia Long and David Duchovny, and it unseated Netflix’s previous No. 1, Ginny & Georgia, which streamed a still-strong 1.299B minutes for the interval. It was part of a…