At 0855 GMT, shares in Hugo Boss were down 10% at EUR59.54, following the release of the company's preliminary earnings report. While the German premium-fashion company saw an increase in earnings before interest and taxes (EBIT) for the fourth quarter, the results fell short of analysts' expectations. The company reported an EBIT of 121 million euros ($132.5 million) for Q4, … [Read more...] about Hugo Boss Shares Fall on Preliminary Earnings Below Expectations
Bond Yields Rise as Central Bank Officials Question Rate Cut Expectations
The yields on US Treasury bonds experienced a rise at the start of Tuesday's trading session. This was due to several central bank officials expressing concerns about the overly optimistic outlook for interest rate cuts in 2024. Key Details The yield on the 2-year Treasury bond increased by 7.5 basis points to 4.211%. It is important to note that bond yields move in the … [Read more...] about Bond Yields Rise as Central Bank Officials Question Rate Cut Expectations
Myriad Genetics Expects Fourth-Quarter Revenue to Exceed Expectations
Myriad Genetics, a genetic testing company based in Salt Lake City, has announced that it is expecting its fourth-quarter revenue to surpass expectations, according to preliminary results. In a regulatory filing on Tuesday, the company stated that it foresees revenue in the range of $196 million to $197 million for the quarter ending on December 31. This projection outperforms … [Read more...] about Myriad Genetics Expects Fourth-Quarter Revenue to Exceed Expectations
UK Stocks Decrease
The U.K. stock market experienced a decline on Tuesday, with the FTSE 100 Index finishing down 0.48% at 7,558.34. Clothing Retailer JD Sports Fashion PLC Sees Largest Decrease Among the FTSE 100 constituents, clothing retail company JD Sports Fashion PLC saw the largest decrease on Tuesday, as its shares declined by 5.25%. Precious Metals Firm Fresnillo PLC and Real Estate … [Read more...] about UK Stocks Decrease
Increase in Mortgages in Arrears Highlights Financial Strains for Canadian Households
By Paul Vieira In the third quarter, the share of mortgages in arrears at Canadian nonbank lenders saw a gradual increase compared to the previous year, according to data released by Statistics Canada on Tuesday. While still relatively low, these numbers shed light on the challenges that households are facing in a high-rate environment. A recent Bank of Canada consumer survey … [Read more...] about Increase in Mortgages in Arrears Highlights Financial Strains for Canadian Households
