News
BorgWarner Lowers 2023 Sales and Earnings Forecasts
Auto-parts manufacturer BorgWarner revises its sales and earnings projections for 2023, with lower growth expected in electric-vehicle component sales.
Asia-Pacific Stocks Show Growth
Stocks in the Asia-Pacific region show growth, with Japanese shares continuing to climb for the third day.
Japan's Mitsui & Co to Acquire Stake in Axiata Group's Data and AI Unit
Japan's Mitsui & Co. will acquire a stake in Axiata Group's data and AI unit, supporting ADA's digital expansion and transforming the region.
U.S. Futures Point to Positive Opening
Stock market update: U.S. futures indicate a positive opening, European stocks show gains, dollar weakens, crude oil prices increase, bond yields witness mixed movement, and mixed performance in Asian stock market.
Entain Reports Increased Net Gaming Revenue in Q3
Entain reports a 7% increase in net gaming revenue for Q3 and expects to meet or exceed full-year earnings and revenue targets. The company's strategic plan focuses on organic growth in key markets.
Monthly Delivery Results from Chinese Electric-Vehicle Makers Show Strong Growth
NIO, XPeng, and Li Auto achieved record-breaking delivery numbers in October, signaling strong growth in the Chinese electric-vehicle market. Despite concerns about EV demand, these results have boosted investor confidence.
Big 5 Sporting Goods Sees Stock Dip as Dividend Slashed
Big 5 Sporting Goods sees stock decline after slashing dividend by 50% due to weaker sales trend. Shares drop 13% in after-hours trading.
Phillips 66 to Sell Non-Core Assets for $3 Billion
Phillips 66 aims to raise $3 billion by selling non-core assets, possibly including Wood River and Borger refineries. The sale would align with Cenovus Energy's preference for operating refineries it holds a stake in.
Brinker International to Report Fiscal First Quarter Earnings
Brinker International is preparing to report its Q1 earnings. Analysts expect a profit of $3 million and a rise in revenue to $1.01 billion. Key factors to watch include same-store sales growth, pricing power, and traffic trends.
Steer Clear: Analysts Slash Rating on Lyft Ahead of Earnings
MoffettNathanson analysts have downgraded Lyft's rating to Sell, citing concerns about the company's performance before earnings. They express skepticism about Lyft's decision to stop providing disclosures and anticipate a decline in gross margins due to insurance costs. Lyft has faced challenges this year.