(Reuters) -D.R. Horton Inc on Wednesday raised its fiscal 2022 revenue forecast as it benefits from record-high home prices that helped the largest U.S. homebuilder report a stellar quarterly profit. D.R. Horton’s shares rose 3.4% before the bell as the company beat first-quarter profit estimates despite an acute shortage of properties on the market, largely…
LONDON (AP) — The British government set out plans Wednesday to shift power and wealth to the left-behind regions of the country, a long-standing promise to the working-class voters who helped put Prime Minister Boris Johnson in office. The announcement came as Johnson tries to turn the page on allegations of pandemic rule-breaking that have…
By Nivedita Balu and Danielle Kaye (Reuters) – The holidays were a gift to Alphabet Inc’s Google, quarterly results showed. Next up: Facebook owner Meta Platforms Inc. Alphabet’s internet advertising, cloud computing and hardware businesses helped the Google owner soundly beat Wall Street targets for the holiday quarter, sending shares up as much as 9%…
FRANKFURT, Germany (AP) — Inflation fed by high oil and gas prices hit record levels in Europe for the third month in a row, extending pain for consumers and sharpening questions about future moves by the European Central Bank. The 19 countries that use the euro currency saw consumer prices increase by an annual 5.1%…
Late-night partying at clubs. Elbow-to-elbow seating in movie theaters. Going without masks in public, especially in Europe and North America: Step by step, many countries are easing their COVID-19 restrictions amid hopes the omicron wave may have passed its peak. The early moves to relax precautions, based on declining or flattening case counts in recent…
HELSINKI (Reuters) – Elevator maker Kone reported slightly weaker-than-expected fourth-quarter core earnings on Wednesday, burdened by global supply chain distruptions. The Finnish company gave a new estimate for its 2022 profits, expecting its adjusted operating income to be in the range of 1.18-1.33 billion euros ($1.33-$1.50 billion), slightly down from 1.31 billion in full-year 2021….
By Joice Alves LONDON (Reuters) – The euro rose for a third consecutive day on Wednesday, after hitting a 20-month low last week, as markets awaited euro zone inflation data for clues on the European Central Bank’s next move. The euro has been under pressure, slipping 8% in three months, amid expectations that the ECB…
By Huw Jones LONDON (Reuters) – Shares rose in Europe on Wednesday as investor sentiment continued to steady after a rout last month, but the advance was capped by concerns over how fast central banks will raise interest rates to quell soaring inflation. Stellar earnings from Google parent Alphabet after Wall Street closed on Tuesday…
FRANKFURT, Germany (AP) — Oil cartel OPEC and allied producing countries are sticking with cautious increases in the amount of oil they send to the global economy, a decision likely to support prices that are near seven-year highs amid fears of a Russian military move against Ukraine. The alliance of OPEC members led by Saudi…
By Dhara Ranasinghe A look at the day ahead in markets from Dhara Ranasinghe. The European Central Bank’s plan to start tiptoeing away from monetary stimulus may be put to the test with Wednesday’s flash inflation release. Economists polled by Reuters forecast inflation in the euro bloc rose 4.4% in January from a year earlier,…
