September 12, 2022 11:23 am
Kroger Co (KR) on Friday revised up its annual sales and earnings forecasts on robust demand for groceries and household essentials. Kroger posted a 56.5% surge to $731 million in its net income attributable to shareholders during the second quarter. Excluding special items, the company earned $0.90 per share, while exceeding Wall Street estimates of […]
Read moreSeptember 12, 2022 8:38 am
EUR/USD climbed to highs not seen in more than three weeks on Monday, as European Central Bank officials added to prospects of further aggressive policy tightening. ECB policy makers said that they would need to raise the benchmark interest rate to 2% or even higher in order to curb record inflation in the Euro Area. […]
Read moreSeptember 9, 2022 10:34 am
eHealth Inc (EHTH), an online private health insurance marketplace, said on Thursday that it had appointed Michelle Barbeau as its Chief Marketing Officer. “We are extremely pleased with the high caliber of executives joining our company to work side-by-side with the experienced eHealth veterans who lead our business,” eHealth’s Chief Executive Officer Fran Soistman said […]
Read moreSeptember 9, 2022 8:37 am
United Airlines Holdings Inc (UAL) on Thursday announced plans to invest $15 million in air taxi maker Eve Air Mobility. The US air carrier said it had ordered 200 air taxis from the Embraer-owned startup. The conditional order for Eve Air’s four-seater air taxi, also known as electric vertical take-off and landing vehicle, includes an […]
Read moreSeptember 8, 2022 11:10 am
Stellantis (STLA) said on Wednesday that IT veteran Chris Taylor had been appointed as Chief Digital Information Officer. This newly created position is meant to help the car maker transform into a mobility tech company, Stellantis said. The appointment is expected to aid the auto maker support its “sophisticated” business needs. “His background in cyber […]
Read moreSeptember 8, 2022 9:09 am
After sliding to lows unseen since mid-January in the prior trading session, futures on US West Texas Intermediate Crude Oil rebounded over 0.3% on Thursday, as energy stalemate between the EU and Russia heightened investor concerns over fuel supply tightness. Yesterday the EU proposed a price cap on Russian gas after President Vladimir Putin threatened […]
Read moreSeptember 7, 2022 9:37 am
Lowe’s Companies Inc (LOW) said on Tuesday that it had agreed to sell: – $1.0 billion of 4.400% Notes due 2025, – $1.25 billion of 5.000% Notes due 2033, – $1.5 billion of 5.625% Notes due 2053 and – $1.0 billion of 5.800% Notes due 2062. The net proceeds from the sale are to be […]
Read moreSeptember 7, 2022 8:39 am
Honda Motor Co Ltd (7267) said on Tuesday that it had tied up with trading company Hanwa Co (8078), as it seeks to ensure a steady supply of metals used in batteries for electrified vehicles. Under the partnership, the Japanese auto maker will gain access to essential metals such as nickel, cobalt and lithium in […]
Read moreSeptember 6, 2022 8:48 am
The Reserve Bank of Australia (RBA) raised its cash rate by 50 basis points to 2.35% at its policy meeting earlier today, in line with expectations, while delivering 225 basis points of rate hikes in the past five months. The central bank indicated interest rates were now closer to neutral, but also flagged more policy […]
Read moreSeptember 5, 2022 11:04 am
The first episode of Amazon’s “The Lord of the Rings: The Rings of Power” series has been watched by more than 25 million people globally in its first day, Amazon said over the weekend. Based on the appendices of J.R.R. Tolkien’s “Lord of the Rings” books, the new series has made the most successful ever […]
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