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Blog 3 Columns

  • AstraZeneca Q4 Core Earnings Beat Estimates Despite Esing COVID Vaccine Demand

    AstraZeneca Q4 Core Earnings Beat Estimates Despite Esing COVID Vaccine Demand0

    AstraZeneca PLC (LON:AZN) posted better-than-expected core income in the fourth quarter, thanks to strong demand for its cancer and rare disease therapies that helped make up for waning sales of its COVID-19 vaccine. Core earnings per share during the three months ended on December 31 was $1.38, a drop in actual terms of 17% compared

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  • Oil Cools After 3-Day Rally Amid Fed Uncertainty, U.S. inventory Build

    Oil Cools After 3-Day Rally Amid Fed Uncertainty, U.S. inventory Build0

    Oil prices were muted on Thursday as hawkish comments from Federal Reserve officials supported the dollar and brewed some concerns over more interest rate hikes, while U.S. crude inventories also logged a seventh straight week of builds. Hawkish overnight comments from Federal Reserve officials saw markets reassessing their outlook for U.S. interest rate hikes this

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  • Carlsberg Expects Lower Beer Consumption To Hit 2023 Growth

    Carlsberg Expects Lower Beer Consumption To Hit 2023 Growth0

    Danish brewer Carlsberg (OTC:CABGY) on Tuesday forecast organic operating profit growth in 2023 below last year’s level as higher beer prices are expected to dent consumption. The world’s third-biggest brewer expects organic operating profit this year to change by between minus 5% and plus 5%, compared with 12% growth last year. “2023 will be another

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  • Dow Futures Little Changed, Chegg Tanks 21.5% After Earnings

    Dow Futures Little Changed, Chegg Tanks 21.5% After Earnings0

    U.S. stock futures were trading in a tight range during Monday’s evening deals, after major benchmark averages finished the regular session lower as rising yields put pressure on risk-sensitive assets ahead of key speeches set to be delivered by Federal Reserve officials later in Tuesday’s session. By 18:30 ET (23:30 GMT) Dow Jones futures, S&P

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  • Taiwan Exports Seen Contracting For Fifth Straight Month in January: Reuters Poll

    Taiwan Exports Seen Contracting For Fifth Straight Month in January: Reuters Poll0

    Taiwan’s exports in January likely fell for the fifth month in a row amid fears of a global recession, uncertainties due to the war in Ukraine, and the COVID situation in China impacting tech demand, according to a Reuters poll. Taiwan, a global hub for chip production and a key supplier to Apple Inc (NASDAQ:AAPL),

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  • Oil Prices Creep Higher As IEA Flags Chinese Demand Recovery

    Oil Prices Creep Higher As IEA Flags Chinese Demand Recovery0

    Oil prices rose slightly on Monday tracking optimistic comments on a recovery in Chinese demand from the International Energy Agency, although markets were still nursing steep weekly losses on fears of tighter U.S. monetary policy. International Energy Agency head Fatih Birol reiterated the agency’s call that China will push global crude demand to record highs

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