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Macerich Q1 Loss Sharply Widens; Withdraws FY24 Outlook
REIT Macerich Co. (MAC) reported Tuesday that a net loss attributable to the company of $126.73 million or $0.59 per share, sharply wider than $58.73 million or $0.27 per share in the prior-year quarter.
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Futures Pointing To Slightly Subdued Start On Wall Street
Futures indicate a slightly weak start for U.S. stocks Tuesday morning. The focus will be on a slew of quarterly earnings updates, and the Federal Reserve's monetary policy meeting, which gets underway today.
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Public Service Enterprise Reaffirms FY24 Operating Earnings Outlook - Update
While reporting financial results for the first quarter on Tuesday, Public Service Enterprise Group, Inc. (PEG) again reaffirmed its operating earnings guidance for the full-year 2024.
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American Tower Q1 Profit Nearly Triples; Boosts FY24 Outlook
American Tower (AMT) reported Tuesday that net income attributable to the company for the first quarter soared to $917.4 million or $1.96 per share from $335.8 million or $0.72 per share in the prior-year quarter.
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UK Mortgage Approvals At 18-Month High
UK mortgage approvals increased to a one-and-a-half year high in March as the impact of higher interest rates waned, data published by the Bank of England showed on Tuesday. Net mortgage approvals for house purchases increased to 61,300 in March from 60,500 in February. This was the highest since September 2022 and also above the expected level of 61,000.
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American Electric Power Reaffirms FY24 Outlook - Update
While reporting financial results for the first quarter on Tuesday, electric utility American Electric Power Co., Inc. (AEP) reaffirmed its fiscal 2024 operating earnings guidance in the range of $5.53 to $5.73 per share, with long-term growth rate of 6 to 7 percent.
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Eli Lilly Boosts FY24 Outlook - Update
While reporting financial results for the first quarter on Tuesday, drugmaker Eli Lilly and Co. (LLY) raised its earnings, adjusted earnings and revenue guidance for the full-year 2024, primarily driven by the strong performance of Mounjaro and Zepbound and greater visibility into the company's production expansion for the remainder of the year.
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Eaton Boosts FY24 Outlook - Update
While reporting its financial results for the first quarter on Tuesday, power management company Eaton Corp plc (ETN) provided financial guidance for the second quarter and raised outlook for the full-year 2024.
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Sensex, Nifty Give Up Early Gains Ahead Of Fed Meeting
Indian shares gave up early gains to end modestly lower on Tuesday as caution prevailed ahead of the Federal Reserve's monetary policy announcement on Wednesday.
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Euro Rises On Strong Eurozone Economic Data
The euro strengthened against other major currencies in the Asian session on Tuesday, after data showed that the euro area economy expanded in the first quarter after two consecutive declines and also the consumer prices registered a steady growth in April.
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Euro Rises Against Majors
The euro strengthened against other major currencies in the Asian session on Tuesday.
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European Shares Mostly Lower Ahead Of FOMC Meeting
European stocks were subdued on Tuesday as investors looked forward to the Federal Reserve providing an update on when interest rates might be cut.
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NHTSA To Require Automatic Emergency Brakes On Light Vehicles By 2029
The U.S. traffic safety regulator has released a new federal safety regulation, requiring automatic emergency braking or AEB, including pedestrian AEB, systems standard on all light vehicles by 2029. AEB systems automatically apply the vehicle brakes in crash imminent situations if the driver has not done so.
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