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Tag:

forecasts

  • Business News

    Alaska Air forecasts 2023 revenue growth below estimates

    by Reuters July 25, 2023
    by Reuters July 25, 2023

    (Reuters) – Alaska Air Group on Tuesday forecast its annual revenue below estimates on early signs of cooling ticket prices, sending its shares down 6.3% in premarket trading. U.S. inflation …

  • Business News

    JPMorgan ups Turkey inflation, growth forecasts after rates decision

    by Reuters July 20, 2023
    by Reuters July 20, 2023

    LONDON (Reuters) – Wall Street bank JPMorgan revised both its growth and inflation outlooks for Turkey upwards after the central bank delivered a smaller-than-expected interest rate hike on Thursday. JPMorgan …

  • Business News

    Analysis-Bank of Canada hones messaging as inflation defies forecasts

    by Reuters July 17, 2023
    by Reuters July 17, 2023

    By Steve Scherer and Fergal Smith OTTAWA (Reuters) – The Bank of Canada has shifted to a less prescriptive messaging strategy than it used in January when it signaled a …

  • Business News

    Forecasts show U.S. earnings decline in second quarter

    by Reuters June 23, 2023
    by Reuters June 23, 2023

    By Caroline Valetkevitch NEW YORK (Reuters) – Forecasts for second-quarter U.S. earnings still look gloomy after a much-better-than-feared first quarter season as the likelihood of further interest rate hikes this …

  • Business News

    Bond market divergence from Fed entrenched in U.S. yield forecasts: Reuters poll

    by Reuters June 21, 2023
    by Reuters June 21, 2023

    By Sarupya Ganguly BENGALURU (Reuters) – U.S. bond markets are already pricing beyond expected Federal Reserve interest rate hikes in coming months, with strategists polled by Reuters forecasting short-dated yields …

  • Business News

    NY Fed in-house forecasts points to better economic outlook for U.S

    by Reuters June 16, 2023
    by Reuters June 16, 2023

    By Michael S. Derby NEW YORK (Reuters) – The New York Fed’s in-house economic forecasting model is predicting a notably brighter economic future for the U.S. relative to three months …

  • Business News

    Global investment banks rush to cut yuan forecasts

    by Reuters June 14, 2023
    by Reuters June 14, 2023

    SHANGHAI (Reuters) – Global investment houses have rushed to downgrade forecasts for the Chinese yuan after it weakened past the closely watched 7 per dollar level, pressured by widening yield …

  • Business News

    U.S. consumer outlook dims as upscale retailers, discounters slash forecasts

    by Reuters June 1, 2023
    by Reuters June 1, 2023

    By Aishwarya Venugopal (Reuters) – Weak profit forecasts from department store chain Macy’s to discounter Dollar General on Thursday underscored the fragile health of the U.S. consumer as persistent inflation …

  • Business News

    Hormel Foods reaffirms 2023 forecasts, shares rise

    by Reuters June 1, 2023
    by Reuters June 1, 2023

    By Granth Vanaik (Reuters) – Hormel Foods Corp reaffirmed its annual sales and profit forecasts even as its second-quarter revenue missed estimates, sending the company’s shares up as much as …

  • Business News

    Latitude Group flags sharp drop in earnings due to cyberattack, shares fall

    by Reuters May 26, 2023
    by Reuters May 26, 2023

    By Navya Mittal and Himanshi Akhand (Reuters) -Australia’s Latitude Group on Friday forecast a steep fall in fiscal 2023 earnings due to higher credit losses and provisions associated with a …

  • US and World News

    Russian spy chief tells ‘meddling West’ to go to the devil, forecasts its demise

    by Reuters May 24, 2023
    by Reuters May 24, 2023

    By Andrew Osborn (Reuters) – One of Russia’s top spy chiefs on Wednesday said the West had sown the seeds of its own destruction by turning away from what he …

  • Business News

    Euro 7 emissions standard to cost many times EC forecasts -industry group

    by Reuters May 23, 2023
    by Reuters May 23, 2023

    By Nick Carey LONDON (Reuters) – Proposed Euro 7 emissions regulations will lead to direct costs for auto manufacturers that are up to 10 times higher than the European Commission’s …

  • Business News

    Russia’s Sberbank reports record Q1 profit, raises forecasts

    by Reuters May 18, 2023
    by Reuters May 18, 2023

    By Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) -Russia’s largest lender Sberbank on Thursday reported record first-quarter net profit of 357.2 billion roubles ($4.6 billion) and raised forecasts for several …

  • Business News

    Brazil retail sales smash market forecasts in March

    by Reuters May 17, 2023
    by Reuters May 17, 2023

    SAO PAULO (Reuters) – Brazil’s retail sales smashed market estimates in March, growing more than the highest forecast in a Reuters poll of economists, in a positive reading for the …

  • Business News

    Nomura, Barclays cut China 2023 GDP forecasts as recovery sputters

    by Reuters May 17, 2023
    by Reuters May 17, 2023

    BEIJING (Reuters) – Nomura has cut its forecast for China’s 2023 gross domestic product (GDP) growth to 5.5% from 5.9% previously, after April data showed a post-COVID recovery in the …

  • Business News

    UK’s Sunak may fall short on 2023 inflation goal, NIESR forecasts

    by Reuters May 10, 2023
    by Reuters May 10, 2023

    By David Milliken LONDON (Reuters) – British Prime Minister Rishi Sunak risks missing his goal of halving inflation this year as underlying inflation shows little sign of having peaked in …

  • Business News

    Chipmaker GlobalFoundries forecasts downbeat quarter, shares fall

    by Reuters May 9, 2023
    by Reuters May 9, 2023

    (Reuters) – GlobalFoundries Inc projected quarterly revenue below estimates on Tuesday as the chip manufacturer takes a hit from slumping sales of smartphones and other consumer electronics, sending its shares …

  • US and World News

    NPCC forecasts adequate power supply in parts of U.S. Northeast, eastern Canada this summer

    by Reuters May 4, 2023
    by Reuters May 4, 2023

    (Reuters) – Northeast Power Coordinating Council Inc (NPCC) on Thursday said its annual reliability assessment projected the regions under its oversight will have an adequate supply to meet peak electricity …

  • Business News

    Bleach maker Clorox raises annual forecasts on higher prices

    by Reuters May 2, 2023
    by Reuters May 2, 2023

    By Granth Vanaik and Jessica DiNapoli (Reuters) – Clorox Co raised its annual sales and profit forecasts on Tuesday, banking on higher product prices that helped the household staples maker …

  • Business News

    Zimmer Biomet raises annual forecasts on knees and hips unit strength

    by Reuters May 2, 2023
    by Reuters May 2, 2023

    (Reuters) – Zimmer Biomet Holdings Inc raised its annual sales and profit forecasts on Tuesday, banking on strong demand for its knees and hips products amid a sustained recovery in …

  • Business News

    Emirates boss forecasts resilient demand, no hit from new airlines

    by Reuters May 2, 2023
    by Reuters May 2, 2023

    By Yousef Saba and Lisa Barrington DUBAI (Reuters) – Emirates Airline President Tim Clark said on Tuesday that new Saudi airlines and the expansion of regional competitors will not affect …

  • Business News

    Brazil’s WEG posts Q1 net profit up 38%, in line with forecasts

    by Reuters April 26, 2023
    by Reuters April 26, 2023

    SAO PAULO (Reuters) – Brazilian motor maker WEG SA on Wednesday reported a first-quarter net profit of 1.3 billion reais ($257.29 million), up 38.4% from a year earlier and roughly …

  • Business News

    ADM profit tops forecasts, shares drop as outlook disappoints

    by Reuters April 25, 2023
    by Reuters April 25, 2023

    By Karl Plume and Sourasis Bose CHICAGO (Reuters) -Archer-Daniels-Midland Co beat Wall Street expectations on Tuesday with a record first-quarter profit but its shares fell as it forecast full-year earnings …

  • Business News

    JetBlue forecasts second-quarter profit above expectations on robust demand 

    by Reuters April 25, 2023
    by Reuters April 25, 2023

    (Reuters) – JetBlue Airways Corp forecast a better-than-expected second-quarter profit on Tuesday as the low-cost carrier remains confident about a robust recovery in leisure and international travel. Shares of the …

  • Business News

    U.S. company comments suggest upbeat demand despite gloomy forecasts

    by Reuters April 21, 2023
    by Reuters April 21, 2023

    By Caroline Valetkevitch NEW YORK (Reuters) – Investors worried the U.S. could be on the brink of a recession may be relieved by some early comments from company executives this …

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