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TJX Companies Slashes FY23 Outlook - Update

TJX Companies Slashes FY23 Outlook - Update

While reporting financial results for the second quarter on Wednesday, off-price retailer TJX Companies, Inc. (TJX) provided financial outlook for the third and the fourth quarters as well as slashed its guidance for the full-year 2023.
RTTNews | 1485 days ago
ZIM Integrated Shipping Q2 Results Top Estimates

ZIM Integrated Shipping Q2 Results Top Estimates

ZIM Integrated Shipping Services Ltd. (ZIM), a global container liner shipping company, reported Wednesday that net income for the second quarter surged to $1.34 billion or $11.07 per share from $888 million or $7.38 per share in the prior-year quarter.
RTTNews | 1485 days ago
European Shares Slide On Inflation Worries

European Shares Slide On Inflation Worries

European stocks fell on Wednesday amid inflation worries after data showed British consumer price inflation jumped to 10.1 percent in July, its highest since February 1982, intensifying the squeeze on households.
RTTNews | 1485 days ago
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FTSE 100 Dips As Inflation Hits Double Digits

FTSE 100 Dips As Inflation Hits Double Digits

U.K. stocks edged lower on Wednesday and the pound strengthened against its most major counterparts after the nation's consumer inflation accelerated in July, raising expectations for a 50 basis-point rate hike by the Bank of England at the meeting in September.
RTTNews | 1485 days ago
CAC 40 Slides On Inflation Worries

CAC 40 Slides On Inflation Worries

French stocks drifted lower on Wednesday amid inflation worries after data showed British consumer price inflation jumped to 10.1 percent in July, its highest since February 1982, intensifying the squeeze on households.
RTTNews | 1485 days ago
DAX Slips On Interest-rate Worries

DAX Slips On Interest-rate Worries

German stocks declined on Wednesday as investors awaited key Eurozone growth data and the FOMC meeting minutes release for directional cues.
RTTNews | 1485 days ago
Pound Spikes Up As U.K. Inflation Soars To 40-year High

Pound Spikes Up As U.K. Inflation Soars To 40-year High

The pound strengthened against its most major counterparts in the European session on Wednesday, as the nation's consumer inflation accelerated in July, raising expectations for a 50 basis-point rate hike by the Bank of England at the meeting in September.
RTTNews | 1485 days ago
UK Inflation Strongest In 40 Years

UK Inflation Strongest In 40 Years

Deepening the cost of living crisis, UK consumer price inflation accelerated further in July to the highest since 1982 on surging food and fuel prices, adding pressure on the Bank of England to tighten the policy again despite the looming recession. Consumer price inflation rose to 10.1 percent in July from 9.4 percent in June, the latest data from the Office for National Statistics showed on We
RTTNews | 1485 days ago

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