Spice maker McCormick lifts profit forecast as higher prices cushion weaker demand
(Reuters) – McCormick on Tuesday raised its annual profit forecast as it expects higher prices for its spices and condiments to make up for slowing …
forecast
Turkish inflation rises to 61.53% in September, near forecast
ISTANBUL (Reuters) -Turkish annual consumer price inflation climbed to 61.53% in September, official data showed on Tuesday, just below expectations and rising for a third …
World Bank keeps China 2023 GDP growth forecast but cuts 2024 outlook
BEIJING (Reuters) – The World Bank has maintained its forecast for China’s 2023 economic growth at 5.1%, in line with its previous estimate in April, …
Colombia 12-month inflation forecast to slow further in September: Reuters poll
By Nelson Bocanegra BOGOTA (Reuters) – Colombia’s inflation likely slowed in September due to a moderation of domestic consumption, a Reuters poll revealed on Friday, …
JetBlue cuts revenue forecast due to weather disruptions, staffing gaps
(Reuters) – U.S. carrier JetBlue Airways warned on Thursday it expects third-quarter revenue to be at the low end of its prior forecast due to …
Thai Aug factory output falls 7.5% y/y, more than forecast
BANGKOK (Reuters) – Thailand’s manufacturing production index (MPI) in August dropped 7.53% from a year earlier, the industry ministry said on Thursday, as exports slowed …
Exclusive-German economic institutes forecast 0.6% GDP contraction this year – sources
By Christian Kraemer and Rene Wagner BERLIN (Reuters) – Five economic institutes are predicting gross domestic product in Germany to contract by 0.6% in 2023, …
Goldman Sachs pushes its forecast for Fed rate cut to Q4 2024
(Reuters) – Goldman Sachs economists said they now expect the U.S. Federal Reserve to begin its interest rate-cutting cycle in the fourth quarter of next …
Coty boosts core sales forecast as price hikes, strong beauty demand help
(Reuters) – Coty on Wednesday raised its annual core sales forecast on the back of higher pricing and strong demand as customers splurge on its …
Singapore’s Aug exports fall 20% y/y, more than forecast
SINGAPORE (Reuters) – Singapore’s non-oil domestic exports (NODX) fell 20.1% year-on-year in August, official data showed on Monday, as both electronics and non-electronics exports to …
Forecast for Fed’s new forecasts – still one more rate hike to go
By Ann Saphir (Reuters) – Faster growth, cooler inflation and a job market that won’t quit have set the stage for an updated batch of …
J.P.Morgan, ANZ raise 2023 China GDP forecast
BEIJING (Reuters) – J.P.Morgan and ANZ on Friday raised their 2023 economic growth forecast for China, after August economic numbers offered some signs of stabilization …
US retail sales, produces prices rise; jobless claims lower than forecast
NEW YORK (Reuters) -A slew of U.S. economic data on Thursday showed stronger-than-expected numbers that stoked worries about sticky inflation and reinforced the view that …
Dollarama raises annual sales forecast as demand for essentials thrives
(Reuters) -Dollarama raised annual sales forecast on Wednesday after topping quarterly sales estimates, as Canadians lapped up the discount retailer’s cheaper offerings in response to …
Argentina August inflation forecast at highest since 1991
By Hernan Nessi BUENOS AIRES (Reuters) – Argentina’s Consumer Price Index (CPI) likely rose 11.8% in August, which would be the highest monthly figure since …
EU Commission cuts euro zone growth forecast as Germany in recession
By Jan Strupczewski BRUSSELS (Reuters) – The euro zone economy will grow slower than previously expected this year and next, the European Commission forecast on …
European Commission cuts growth forecast for Germany in 2023
BERLIN (Reuters) – The German economy is expected to contract in 2023, the European Commision said on Monday, cutting its forecasts for the euro zone’s …
US furniture retailer RH shares tumble as slowing sales prompt dour revenue forecast
By Chibuike Oguh NEW YORK (Reuters) – Shares of U.S. home furniture retailer RH dropped more than 15% on Friday after the company warned that …
Citigroup cuts 2023 euro area real GDP growth forecast to 0.4%
(Reuters) – Citigroup downgraded its 2023 economic growth forecast for the euro area to 0.4%, and said it expected the region’s economy to shrink “gently” …
Turkey hikes year-end inflation forecast to 65%
ANKARA (Reuters) – Turkey’s government raised its annual inflation forecast to 65% for this year and 33% next year, while also trimming economic growth forecasts …
Russian central bank deputy governor says 2023 growth will be closer to top of forecast range
(Reuters) – Russian central bank deputy governor Alexei Zabotkin told reporters on Tuesday that Russia’s economic growth this year would be towards the upper end …
South Korea’s inflation quickens above forecast, keeping policymakers on watch
SEOUL (Reuters) – South Korea’s annual consumer inflation accelerated to 3.4% in August while the month-on-month rate was the fastest since early 2017, which should …
Moody’s lifts 2023 U.S. growth forecast, cuts China’s for 2024
By Marc Jones LONDON (Reuters) – Credit rating agency Moody’s raised its 2023 U.S. economic growth forecast on Friday but cut its estimate next year …
SentinelOne raises full-year forecast, adds partnership with Wiz still on
By Akshita Toshniwal (Reuters) – SentinelOne Inc raised its annual revenue forecast on Thursday, riding on resilient adoption of its AI-backed security offerings as macroeconomic …
Thai July factory output falls more than forecast as exports slump
BANGKOK (Reuters) – Thailand’s factory output shrank slightly more than expected in July as sluggish global demand pinched exports, a ministry official said on Thursday. …
CrowdStrike lifts forecast for annual revenue, profit on resilient cybersecurity demand
(Reuters) – CrowdStrike Holdings on Wednesday raised its full-year outlook and forecast third-quarter revenue and profit above market estimates, as more clients turn to its …
Jif peanut butter maker J.M. Smucker lifts profit forecast on higher prices, lower costs
(Reuters) – Jif peanut butter maker J.M. Smucker on Tuesday raised its annual profit forecast on higher prices of its jams, jellies and pet food …
Arla cuts sales forecast as consumers opt for cheaper butter, cheese
By Johannes Birkebaek COPENHAGEN (Reuters) – Danish dairy firm Arla lowered its full-year sales forecast on Tuesday, saying inflation and the rising cost of living …
Weekend Beach and Weather Forecast: Sunny and Warm for Long Island
Long Island, NY – Today at Long Island’s beaches, the weather will be partly sunny with a high temperature near 85 degrees. Winds will come …
Weekend Beach and Weather Forecast: Mixed Skies Over Ocean City
Ocean City, MD – Today in Ocean City, there is a slight chance of morning showers before 8am and a minor chance of showers and …
Weekend Beach and Weather Forecast: Pleasant Conditions at Rehoboth Beach, DE
Rehoboth Beach, DE – Today at Rehoboth Beach, any patchy morning fog is expected to dissipate by 9am. The rest of the day will be …
Weekend Weather Forecast: Mostly Sunny Skies Over Philadelphia
Today in Philadelphia, patchy fog is expected to clear by 10am. The rest of the day will be mostly sunny with a high temperature near …
New Jersey Weekend Forecast: Rain to Give way to Sunny Weekend
TOMS RIVER, NJ – The coming days at the Jersey Shore will see a mix of weather conditions, with scattered showers and thunderstorms on the …
Gap shares jump as investors focus on profit beat over weak forecast
(Reuters) – Shares of Gap climbed as much as 8% on Friday, after the apparel retailer’s quarterly profit beat indicated that the Old Navy parent’s …
Thai exports drop more than forecast in July, seen rising in Q4
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) – Thai exports shrank for a 10th consecutive month in July, and by a far bigger rate …
Nvidia short sellers lose $826 million as stock jumps after strong forecast
(Reuters) – Investors with short position on Nvidia lost $826 million in mark-to-market losses on Thursday, data from analytics firm S3 Partners showed, as the …
Analog Devices says working to restore supply-demand balance after weak forecast
(Reuters) -Analog Devices forecast fourth-quarter revenue below Wall Street estimates on Wednesday, but said it was working to manage the supply glut to return to …
NJ Forecast: Mild and Sunny Day Down the Shore on Wednesday
POINT PLEASANT BEACH, NJ – On Wednesday at the New Jersey Shore, the forecast is for sunny weather, with a high near 77 degrees and …
China’s Xpeng falls on dull forecast as EV price war takes toll
(Reuters) – Xpeng on Friday forecast third-quarter revenue below analysts’ expectations and reported a hit to margins following an inventory writedown, sending its U.S.-listed shares …
Colombia’s Grupo Aval cuts 2023 loan forecast after ‘exorbitant costs’
By Sarah Morland and Marion Giraldo (Reuters) – Colombian financial conglomerate Grupo Aval on Thursday cut its 2023 loan growth forecast and hiked its cost …
JPMorgan ramps up EM default rate forecast amid China property woes
By Marc Jones LONDON (Reuters) -JPMorgan ramped up its 2023 global emerging market corporate high yield (HY) default rate forecast to 9.7% from 6% on …
Carlsberg lifts 2023 profit forecast on solid first-half
COPENHAGEN (Reuters) – Danish brewer Carlsberg on Tuesday lifted its profit guidance for the full year after a “solid business performance” in the first half …
Rainy Forecast Gives Way to Partly Sunny Day with Chance of Showers
BEACH HAVEN, NJ – Residents and visitors along the Jersey Shore should be prepared for unsettled weather, as the forecast promises a mixture of showers …
South Korea think-tank raises inflation forecast on higher energy prices
SEOUL (Reuters) – A South Korean government think-tank revised its annual inflation projection upwards on Thursday, citing the recent rise in energy prices, although it …
Japan’s Kobe Steel raises annual profit forecast to record $840 million
TOKYO (Reuters) – Japan’s Kobe Steel raised its net profit forecast for the current fiscal year to a record high of 120 billion yen ($839 …
NatWest cuts forecast peak for BoE rates to 5.5% from 6%
LONDON (Reuters) – NatWest Markets cut its forecast for the peak in Bank of England interest rates to 5.5% after the BoE’s announcement of a …
Emerson raises fiscal 2023 forecast on demand for industrial automation
(Reuters) – U.S. engineering and industrial software firm Emerson on Wednesday raised its fiscal 2023 forecast, as companies increase spending on automation in response to …
VF Corp cuts annual revenue forecast on cooling North America demand
VF Corp cut its annual revenue forecast on Tuesday, signaling a slowdown in demand for its apparel and sneakers from price-conscious consumers, especially in North …
Molson Coors bumps up annual forecast on strong demand for premium beers
(Reuters) – Molson Coors Beverage on Tuesday raised its annual sales and profit forecasts, boosted by strong demand for its core brands Miller Lite and …
Tenet Healthcare lifts profit forecast, bets on rebound in surgical procedures
(Reuters) – Tenet Healthcare Corp on Monday raised its annual profit forecast after a strong second quarter, betting on a recovery in surgical procedure volumes, …