International News
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Facebook looks to block UK lawsuit
Monday 30 Jan 2023
(Sharecast News) - Facebook owner Meta Platforms is looking to have a collective lawsuit that was brought against it in London thrown out, it was reported on Monday. Read More
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Berenberg upgrades Tesla, says price cuts are 'investment in growth'
Monday 30 Jan 2023
(Sharecast News) - Berenberg has upgraded Tesla to 'buy' from 'hold', pointing to "misguided pricing concerns" and a share price collapse since the bank's last update. Read More
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Eurozone economic sentiment improves again in January
Monday 30 Jan 2023
(Sharecast News) - Eurozone economic sentiment improved in January for the third month in a row, according to a survey released on Monday by the European Commission. Read More
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US pre-open: Futures trade lower as investors prep for earnings heavy week
Monday 30 Jan 2023
(Sharecast News) - US stock futures were in the red ahead of the bell on Monday as market participants gear up for the busiest week of earnings season and await the Federal Reserve's latest policy dec... Read More
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Germany at risk of recession as economy weakens
Monday 30 Jan 2023
(Sharecast News) - The German economy unexpectedly shrank in the last quarter, official data showed on Monday, leaving the country facing a possible recession. Read More
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Lidl boosts spending on UK suppliers
Monday 30 Jan 2023
(Sharecast News) - Lidl is to invest a further £2bn in British food suppliers, the German discounter announced on Monday. Read More
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LVMH, L'Oreal mulling bids for Aesop - report
Monday 30 Jan 2023
(Sharecast News) - LVMH and L'Oréal are reportedly among the luxury consumer companies weighing offers for a stake in Aesop that may value the high-end cosmetics brand at $2bn or more. Read More
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Bitcoin tests $24,000 while focused on the Fed; will there be a correction?
Monday 30 Jan 2023
(Sharecast News) - Cryptocurrencies start the week on a good note. Bitcoin (BTC) is above $23,500, after rising 1.7% in the last 24 hours and touching $24,000, reaching its highest level since August ... Read More
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Philips to cut 6,000 jobs as it looks to restore profitability
Monday 30 Jan 2023
(Sharecast News) - Technology company Philips will cut as many as 6,000 jobs in an effort to restore profitability after its respiratory devices were recalled, wiping out roughly 70% of its market val... Read More
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Europe close: Stocks edge higher
Friday 27 Jan 2023
(Sharecast News) - European stocks were little changed for the most part on Friday although investor sentiment was boosted by news that German auto-supplier Bosch agreed to increase its shareholding i... Read More
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US pending home sales rise 2.5% in December
Friday 27 Jan 2023
(Sharecast News) - US pending home sales rose in December for the first time in seven months, according to data released on Friday by the National Association of Realtors. Read More
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US consumer tightens her purse strings towards the end of 2022
Friday 27 Jan 2023
(Sharecast News) - The US consumer spent with a bit less abandon towards the end of 2022 even as price pressures continued to ebb as anticipated. Read More
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US consumer confidence rises and price expectations dip, University of Michigan says
Friday 27 Jan 2023
(Sharecast News) - Consumer confidence in the US rose a bit more than initially thought at the beginning of 2023, the results of a closely survey revealed. Read More
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US open: Stocks mixed as investors digest PCE reading
Friday 27 Jan 2023
(Sharecast News) - Wall Street stocks were little changed early on Friday as market participants digested a couple of key data points. Read More
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Chevron Q4 profits miss even as revenues beat expectations
Friday 27 Jan 2023
(Sharecast News) - Oil company Chevron posted fourth-quarter profits that fell short of estimates on Friday, even as revenues came in ahead of what analysts had been expecting. Read More
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American Express Q4 earnings miss, issues upbeat FY guidance
Friday 27 Jan 2023
(Sharecast News) - Financial services giant American Express fell short of expectations with its fourth-quarter earnings on Friday but delivered an upbeat outlook for the coming year, Read More
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US pre-open: Futures trade lower ahead of PCE reading
Friday 27 Jan 2023
(Sharecast News) - Wall Street futures were in the red ahead of the bell on Friday as market participants await a couple of key data points. Read More
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Asia close: Stocks mostly higher, analysts bullish
Friday 27 Jan 2023
(Sharecast News) - Stocks markets across Asia advanced at the end of the week, although gains were restrained despite the solid performance put in overnight by Wall Street. Read More
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Bitcoin consolidates at $23,000 as the market puts the focus on the Fed
Friday 27 Jan 2023
(Sharecast News) - There are mixed signals in the cryptocurrency market at the moment. Bitcoin (BTC) has rebounded 0.15% in the last 24 hours and remains above $23,000, while Ethereum (ETH) has droppe... Read More
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Higher costs hit profits at H&M
Friday 27 Jan 2023
(Sharecast News) - Operating profits at Hennes & Mauritz fell sharply in the fourth quarter, the Swedish fashion giant said on Friday, as costs mounted. Read More
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