China’s consumer price inflation eased markedly in February on weak demand following the Lunar New Year holidays and producer price deflation deepened further, official data showed on Thursday. Consumer prices grew 1.0 percent on a yearly basis in February that was weaker than the 2.1 percent gain in January, the National Bureau of Statistics said. This was the slowest pace […]

Retailer BJ’s Wholesale Club Holdings, Inc. (BJ) announced Thursday that profit for the fourth quarter increased 20.7 percent from last year, driven by improved gross margins and 13.1 percent revenue growth. Adjusted earnings per share and quarterly revenues topped analysts’ estimates. The company also initiated earnings guidance for the full-year 2023, below estimates. In pre-market trading on the NYSE, BJ’s […]

Germany’s industrial production rebounded at a stronger-than-expected pace in January, but retail sales unexpectedly fell again indicating that private consumption could act as a drag on economic growth this year. Industrial production grew 3.5 percent on a monthly basis to offset the revised 2.4 percent decline in December, data from Destatis revealed Wednesday. Output was forecast to grow 1.4 percent. […]

Federal Reserve Chair Jerome Powell delivered his highly anticipated semiannual monetary policy testimony before the Senate Banking Committee on Tuesday. Citing stubbornly elevated inflation and stronger than expected economic data, Powell told lawmakers the “ultimate level of interest rates is likely to be higher than previously anticipated.” Powell also said the Fed would be prepared to reaccelerate the pace of […]

Symrise AG (SYIEY.PK), a German maker of flavors and fragrances, reported Wednesday that its fiscal 2022 consolidated net income attributable amounted to 280 million euros, lower than 374.9 million euros in the previous year due to the impairment of the associated company Swedencare. Adjusted net income would have been 406 million euros or 2.91 euros per basic share, compared to […]

adidas (ADDYY.PK,ADDDF.PK) reported a fourth-quarter net loss from continuing operations of 482 million euros including one-off costs of around 50 million euros mainly related to restructuring costs compared to net income from continuing operations of 123 million euros, prior year. Loss per share from continuing operations was 2.69 euros compared to profit of 0.58 euros. adidas recorded an operating loss […]

video Wall Street destined to deal with higher rates as Fed battles inflation: Sean O’Hara PacerETFs Distributors president Sean O’Hara reveals how investors can pick winners in a rising rate and high inflationary environment on ‘The Claman Countdown.’ Americans are feeling increasingly gloomy about their personal financial prospects over the next year as high inflation and rising interest rates squeeze […]

The chief executive of Australia Post says the postal service is likely to develop a broader footprint over the next five years as the company considers new store formats beyond the traditional post office. Paul Graham’s comments come amid a review looking at the future of Australia’s postal services. The review outlines a range of ideas, from increasing stamp fees […]

Bank of England Governor Andrew Bailey said further increase in the interest rate might be required to achieve the UK inflation target on a sustainable basis. At Brunswick Group’s Cost of Living Conference in London, Bailey said, “Some further increase in Bank Rate may turn out to be appropriate, but nothing is decided.” “The incoming data will add to the […]

Anheuser-Busch InBev SA/NV (AHBIF.PK,BUD), the Belgian drink and brewing major, on Thursday reported a rise in earnings for the fourth-quarter, helped by an increase in revenue with revenue per hl growth of 11.2 percent. Michel Doukeris, CEO of AB InBev, said: “We delivered all-time high full-year volumes with accelerated revenue per hl, resulting in 11.2% revenue growth and EBITDA growth […]