NJ weekend forecast promises ideal beach weather at the Jersey Shore
Atlantic City, NJ – The sun will take center stage this weekend at the Jersey Shore, setting up a stretch of weather made for boardwalk strolls, beach chairs, and ocean dips. Today…
Flooding, Wind, and Thunderstorms in New Jersey’s Short-Term Forecast
TOMS RIVER, NJ – Rain, flooding, coastal flooding are expected across the New Jersey shore area on Sunday. Overnight, residents can expect patchy fog amidst mostly cloudy skies, with temperatures dipping to…
Jack Daniel’s-maker Brown-Forman cuts annual sales forecast as demand softens
(Reuters) – Brown-Forman cut net sales forecast for 2024 on Wednesday as cost-conscious consumers looked at cheaper alternatives to the whiskey-maker’s more pricier brands in the United States, dragging the company’s shares…
Thai business group keeps 2023 growth forecast at 2.5%-3.0%
BANGKOK (Reuters) – Thailand’s economy is expected to grow 2.5% to 3.0% this year, unchanged from a previous forecast, a leading joint business group said on Wednesday. Tourism revenue will be lower…
Thailand to lower 2023 growth forecast after weak Q3
BANGKOK (Reuters) – Thailand’s previous 2023 economic growth forecast of 2.7% will be lowered after a weaker-than-expected third quarter, Deputy Finance Minister Krisada Chinavicharana said on Monday. Southeast Asia’s second-largest economy expanded…
Brazil’s govt 2023 primary deficit forecast deteriorates, approaching fiscal target
BRASILIA (Reuters) – Brazil’s government projections for its public accounts in 2023 have substantially worsened, with the deficit before interest expenses now nearing the annual fiscal target, as indicated by its latest…
Nvidia shares drop as China worries overshadow stellar forecast
By Arsheeya Bajwa and Chavi Mehta (Reuters) – Nvidia shares fell nearly 4% on Wednesday on fears that widening U.S. chip curbs would sap growth in China, its third largest market, and…
American Eagle raises annual revenue forecast on strong holiday-season demand
(Reuters) – American Eagle Outfitters on Tuesday raised its annual revenue forecast, in a sign that demand for its apparel and accessories remained steady ahead of the crucial holiday season. The company…
Bath & Body Works trims sales forecast as demand slows into holiday season
(Reuters) – Bath & Body Works lowered its annual sales forecast on Thursday on signs of slowing demand ahead of the crucial holiday season, as customers cut back spending on non-essential items…
JPMorgan ratchets up Israel’s 2024 budget deficit forecast
By Marc Jones LONDON (Reuters) -Israel’s war with Hamas in Gaza will lead to a larger-than- expected budget deficit next year, investment bank JPMorgan said on Wednesday, adding that the cost of…
EU exec cuts euro zone 2023 growth forecast, sees rebound in 2024
By Jan Strupczewski BRUSSELS (Reuters) – The euro zone economy will grow more slowly this year than previously expected, but will avoid a technical recession and growth will rebound next year, the…
Brazil’s Azul lowers 2023 earnings forecast but sees better 2024
SAO PAULO (Reuters) – Brazilian airline Azul on Tuesday reduced its forecast for core earnings this year due to slower capacity growth and higher jet fuel price volatility but raised its view…
Bank of Italy sticks to 0.7% 2023 GDP growth forecast despite expected weak Q4
ROME (Reuters) – Itay can still achieve economic growth of 0.7% this year despite an expected weak fourth quarter, the country’s central bank said on Monday. Italy’s economy stagnated in the third…
Porsche SE expects net liquidity at year-end in upper forecast range
BERLIN (Reuters) – Porsche SE said on Monday that net liquidity had improved to a deficit of 5.8 billion euros ($6.20 billion) as of the end of September from minus 6.7 billion…
Illumina cuts annual profit forecast for second straight quarter
(Reuters) – U.S. genetic testing Illumina on Thursday trimmed its annual profit forecast for the second straight quarter, hurt by weakness in demand for its sequencing instruments, consumables and services. Shares of…
Honda posts 31% Q2 operating profit jump, raises full-year forecast
TOKYO (Reuters) -Japan’s Honda Motor posted a 31% increase in operating profit for the September quarter on Thursday, lifted by stronger sales in the United States and a weaker yen, and raised…
Jewellery maker Pandora raises sales forecast after Q3 profit beat
COPENHAGEN (Reuters) – Danish jewellery maker Pandora reported a smaller than expected drop in third-quarter profit on Wednesday as more shoppers came to its stores, and raised its full-year sales outlook, sending…
German industrial output falls further than forecast in September
By Maria Martinez BERLIN (Reuters) -German industrial production fell more than expected in September, data showed on Tuesday, as a recent slump in incoming orders took its toll on production. Production fell…
Paramount narrows streaming loss forecast as investments peak
(Reuters) – Paramount Global shares surged 10% on Friday, after the media company narrowed the 2023 loss forecast for its fast-growing streaming business as investments peaked a year ahead of target. After…
Condom maker Church & Dwight lifts sales forecast again on steady demand, higher prices
(Reuters) – Church & Dwight lifted its annual net sales forecast for a third time this year on Friday, boosted by high prices as well as strong demand for its household and…
PayPal allays growth fears after raising annual profit forecast
By Manya Saini (Reuters) -PayPal Holdings raised its forecast for full-year adjusted profit above Wall Street estimates on Wednesday, with executives striking an optimistic tone for the payments giant’s long-term growth strategy.…
Mondelez treats investors with third annual forecast hike on firm demand
By Savyata Mishra (Reuters) -Mondelez International hiked its annual sales and profit growth forecasts for the third time this year on Wednesday, betting on consumers to continue snacking on the Oreo maker’s…
Albemarle quarterly profit drops, forecast cut on falling lithium prices
(Reuters) – Albemarle, the world’s largest producer of lithium, posted a 66% drop in quarterly profit on Wednesday and cut its annual forecast, citing slipping prices for the electric vehicle battery metal.…
Apple’s holiday-quarter forecast faces threat from Huawei, weak China market
By Yuvraj Malik (Reuters) – Apple investors will have one big question when the world’s most valuable company reports earnings on Thursday – will Huawei’s resurgence in China dampen its holiday-quarter expectations?…
Hong Kong Q3 GDP up 4.1% on year, but lower than forecast
By Twinnie Siu and Donny Kwok HONG KONG (Reuters) -Hong Kong’s economic growth accelerated in the third quarter to 4.1% from a year earlier, official advance estimates showed on Tuesday, as inbound…
Bottler Coca-Cola HBC sticks to annual forecast amid forex headwinds
By Radhika Anilkumar (Reuters) -Coca-Cola HBC maintained its annual profit and sales forecasts on Tuesday as strong demand for the bottler’s energy and coffee drinks offsets the impact of foreign exchange losses…
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