Air Products & Chemicals, a leading industrial gas seller, announced a downward revision of its fiscal-year earnings guidance. The company now expects fiscal 2024 earnings in the range of $12.20 to $12.50 per share, down from the previous guidance of $12.80 to $13.10 per share. This update comes as a disappointment to analysts, who had predicted earnings of $12.97 per … [Read more...] about Air Products & Chemicals Cuts Earnings Guidance
Forex News
The Housing Market Prepares for Another Busy Season
The housing market is gearing up for its busiest season yet, with prices soaring and mortgage rates on the rise. According to Dow Jones Market Data, the 10-year Treasury yield, which is a key indicator for mortgage rates, reached 4.163% on Monday. This increase, along with Friday's surge, marks the largest two-day gain since June 2022. The rise in yield comes as a result of … [Read more...] about The Housing Market Prepares for Another Busy Season
Shares of Lear Corp. Fall Short of Expectations
Shares of Lear Corp. experienced a decline of 6.2% in premarket trading on Tuesday, as the auto-parts maker failed to meet analysts' expectations for net income, despite showing growth in key metrics. Disappointing Net Income Results Lear Corp. (LEA, -0.94%) reported net income of $127.3 million, equivalent to $2.18 per share, compared to $118 million, or $1.97 per share, … [Read more...] about Shares of Lear Corp. Fall Short of Expectations
Canadian Building Permits Hit a 3-Year Low in December 2023
Canadian building permit issuance has experienced a significant slump, reaching its lowest level in over three years. Concerns surrounding the pent-up demand for housing in the country have played a role in this decline. According to Statistics Canada, the total value of building permits dropped by 14% in December, amounting to a seasonally adjusted 9.25 billion Canadian … [Read more...] about Canadian Building Permits Hit a 3-Year Low in December 2023
DocuSign Announces Workforce Restructuring Plan
DocuSign, the leading electronic-signature company, has revealed its decision to implement a cost-saving restructuring plan that will result in a reduction of approximately 6% in its current workforce. The company plans to restructure by cutting around 400 positions, primarily affecting the sales and marketing teams. This strategic move aims to bolster DocuSign's financial … [Read more...] about DocuSign Announces Workforce Restructuring Plan
