Crude Oil Futures Settle Lower Despite data showing a drop in U.S. crude inventories last week, oil prices fell on Wednesday, extending losses from the previous session, amid concerns about outlook for energy demand and on Fed Chair Jerome Powell’s remarks in his testimony to Congress that interest rates will likely remain higher for longer […]

Oil Prices Reverse Early Losses As Recession Worries Ease Oil prices were unchanged on Friday, reversing an early slide as strong service sector data from Asia and Europe helped calm market fears that a recession may be imminent. Benchmark Brent crude futures were marginally higher at $84.79 a barrel, while WTI crude futures were virtually […]

Treasury Reveals Details Of Long-Term Securities Auctions The Treasury Department on Thursday announced the details of this month’s auctions of three-year and ten-year notes and thirty-year bonds. The Treasury revealed plans to sell $40 billion worth of three-year notes, $32 billion worth of ten-year notes and $18 billion worth of thirty-year bonds. The results of […]

Two Million Cosori Air Fryers Recalled Atekcity Corporation has recalled about two million Cosori air fryers due to the risk of fire and burn hazards. According to the Consumer Product Safety Commission, a wire connection in the recalled air fryers can overheat, posing fire and burn hazards. About 2 million air fryers were recalled in […]

RWE Buys JBM Solar To Boost Solar, Battery Business In UK RWE AG (RWEOY.PK), a German energy firm, said on Thursday that it has acquired JBM Solar, a British solar and co-located battery developer, from renewables investor Susgen, to boost its solar and battery capabilities in the UK. Financial terms of the deal are not […]

Rockwell Automation Buys Knowledge Lens Rockwell Automation, Inc. (ROK), dealing in industrial automation, said on Wednesday that it has acquired Knowledge Lens, thereby boosting its delivery of Industrial AI solutions to manufacturers. Financial terms of the transaction are not known. Frank Kulaszewicz, Senior Vice President of Rockwell’s Lifecycle Services segment, said: “The acquisition of Knowledge […]

Glanbia FY22 Profit Climbs, Confirms FY23 Growth View; To Buy Back Up To EUR 50 Mln Shares Glanbia plc (GLB.L), a better nutrition company, reported Wednesday that its fiscal 2022 profit after tax climbed to 256.8 million euros from last year’s 167.4 million euros. Basic earnings per share were 93.42 cents, up from 57.57 cents […]

Rocket Companies Inc Q4 Earnings Summary Below are the earnings highlights for Rocket Companies Inc (RKT): Earnings: -$493 million in Q4 vs. $865 million in the same period last year. EPS: -$0.14 in Q4 vs. $0.32 in the same period last year. Excluding items, Rocket Companies Inc reported adjusted earnings of -$197 million or -$0.10 […]

Serco Group Annual Earnings Improve As Revenue Climbs; Backs Full-year Guidance Serco Group Plc (SRP.L), a British provider of public services, on Tuesday reported a rise in earnings for 2022, amidst an increase in revenue, driven by firm performance by its international portfolio. In addition the company has reaffirmed its full-year outlook. For the 12-month […]

Fisker Stock Jumps 24% On Quarterly Results Shares of Fisker Inc. (FSR) are gaining about 24% on Monday morning after the electric-vehicle maker reported fourth-quarter results. FSR is currently trading at $7.04, up $1.36 or 23.94%, on the NYSE, on a volume of 8 million shares, above average volume of 6 million. The stock opened […]