Samsung elec q4 profit likely tumbled 69% as demand slump weighed

Samsung Electronics Co Ltd reported on Friday a likely 69% plunge in December-quarter operating profit, as a global economic ...

January 5, 2023, 6:51 pm

Stitch fix to cut 20% of salaried jobs, ceo stepping down

Stitch Fix is working to create a "more nimble organization" as it seeks to become more viable during the economic downturn. As part of this transitio...

January 5, 2023, 1:29 pm

Uk december final services pmi 49.9 vs 50.0 prelim

• Composite PMI 49.0 vs 49.0 prelim

Little change to the initial figures as the UK services sect...

January 5, 2023, 9:30 am

Samsung's quarterly profit set to hit 6-year low as consumers hunker down

Samsung Electronics Co Ltd's quarterly profit will likely plunge 58% to its lowest in six years as a global economic ...

January 4, 2023, 7:02 pm

Could amazon founder jeff bezos pull a bob iger and return as ceo? one investor predicts it will happen in 2023

Given the steep downturn in Amazon's stock price and stiff operational challenges ahead, could Jeff Bez...

January 4, 2023, 5:14 pm

3 potential winners in 2023

By ForexTime The outlook for the new year is dominated by this one fear: recession. Major economies such as the UK and Eurozone are believed to be alr...

January 4, 2023, 1:26 pm

Salesforce to lay off 10% of workforce to cut costs amid economic downturn

Salesforce said it will trim its workforce by 10% after hiring too many people leading into the economic downturn. CEO Marc Benioff says he is taking ...

January 4, 2023, 9:39 am

Eurozone pmi composite finalized at 49.3, downturn moderated further

Eurozone PMI Services was finalized at 49.8, in December, up from November’s 48.5. PMI Composite was finalized at 49.3, up from prior month’s 47.8...

January 4, 2023, 9:09 am

Eurozone december final services pmi 49.8 vs 49.1 prelim

• Composite PMI 49.3 vs 48.8 prelim

A slight revision higher sees the ...

January 4, 2023, 9:00 am

Planet 13 highlights strong cash position following a tough year for cannabis investors

Planet 13 Holdings Inc (CSE:PLTH, OTCQX:PLNHF) said that it is well positioned to weather the current downturn...

January 4, 2023, 7:27 am

: u.s. oil futures settle at a 2-week low as recession fears bite

Oil futures declined on Tuesday, with U.S. prices settling at their lowest in two weeks. The drop comes as recession fears are mounting, with the Inte...

January 3, 2023, 7:54 pm

U.s. oil futures settle at a 2-week low as recession fears bite

Oil futures declined on Tuesday, with U.S. prices settling at their lowest in two weeks. The drop comes as recession fears are mounting, with the Inte...

January 3, 2023, 2:54 pm

Uk pmi manufacturing finalized at 45.3 in dec, took a further turn for the worse

UK PMI Manufacturing was finalized at 45.3 in December, down from 46.5 in November, a 31-month low. S&P Global noted that production and new orders fe...

January 3, 2023, 9:38 am

Uk december final manufacturing pmi 45.3 vs 44.7 prelim

A slight revision higher but it doesn't take away from the fact that the UK manufacturing ...

January 3, 2023, 9:30 am

Schd: a great dividend growth pick

SCHD has a strong track record and offers a nice dividend yield with regular dividend growth. SCHD is less volatile than the market and has outperform...

January 2, 2023, 9:04 pm

Aud/usd forecast: a test of 0.6900 on the table

Chinese data indicated a steeper economic downturn in December. Sentiment will likely lead the way afte...

January 2, 2023, 7:29 pm

Eurozone factory slowdown softens as supply chain, inflation pressures ease

downturn in the euro area manufacturing slowed in the final month of 2022 amid healing supply chains an...

January 2, 2023, 11:41 am

Germany december final manufacturing pmi 47.1 vs 47.4 prelim

• Prior 46.2

The downturn in Germany's important ...

January 2, 2023, 8:55 am

France december final manufacturing pmi 49.2 vs 48.9 prelim

This just reaffirms another contraction in France's manufacturing sector, though the drop in output is the slow...

January 2, 2023, 8:50 am

Italy december manufacturing pmi 48.5 vs 48.5 expected

• Prior 48.4

The contraction in manufacturing activity across Europe continues to play out, with...

January 2, 2023, 8:49 am