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Business, Stocks

“Procter & Gamble earnings beat estimates, but quarterly sales disappoint as China demand slides”

“…Shares of the company fell 5% in morning trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG: P&G reported fiscal fourth-quarter net income attributable to the company of… Continue Reading…

Economy

“Yuan Slides Past Seven in New Warning Sign for China’s Economy”

“The yuan slid past the key level of 7 per dollar for the first time this year in a further sign the recovery of the world’s second-largest economy from its Covid restrictions is grinding to a halt. The currency weakened… Continue Reading…

Stocks

“Dow slides by 200 points at the open as control of Congress remains unclear”

“…The Dow Jones Industrial Average fell 270 points, or about 0.8%. The S&P 500 shed 0.9%, and the Nasdaq Composite slid 1.2%. Stocks are coming off three-straight days of gains into the election, where Wall Street was expecting Republicans to… Continue Reading…

Stocks

“Dow slides 300 points as Fed policy meeting begins, rates surge”

“…The Dow Jones Industrial Average fell 340 points, or 1.1%. The S&P 500 shed 1% and the Nasdaq Composite slid 0.7%. The Federal Open Markets Committee begins its September meeting on Tuesday, where central bankers are expected to announce a… Continue Reading…

Economy

“Euro slides below 99 cents after Russia halts gas supplies to Europe”

“LONDON — The euro fell below 99 cents for the first time in 20 years Monday, after Russia said it would shut off its main gas supply pipeline to Europe indefinitely… On Friday, Russian energy supplier Gazprom said it would not resume its supply… Continue Reading…

Stocks

“Gap stock slides 18% after cutting sales guidance; CEO of Old Navy division to leave”

“Gap Inc. shares tumbled 18% in premarket trading Friday after the company slashed its sales outlook for the first quarter of fiscal 2022, citing what it called “execution challenges” its Old Navy business, and announced the CEO of that division, Nancy… Continue Reading…