Author: Niklas Pollard STOCKHOLM (Reuters) – Swedish construction company Skanska reported third-quarter earnings on Wednesday well below market expectations as weak real estate markets took their toll with asset write-downs and goodwill impairments, sending its shares down 12 %. The largest construction company in the Nordic region, which is also one of the biggest players …
Big tech earnings aren’t providing a clear story at a time when the stock market needs it. A look at Microsoft’s results tells an investor that business-to-business spending may be on the rise again, with declines in cloud spending bottoming out. Google’s launch peak tells this investor the opposite. The result is a feeling familiar …
GM withdraws guidance over car attacks GM shares were largely unchanged Tuesday after the company reported third-quarter results. Pras Subramanian from Yahoo Finance reports: Against the backdrop of difficult contract talks with the United Auto Workers (UAW), GM (GM) on Tuesday announced growth in third-quarter revenue and earnings, but withdrew its 2023 guidance on uncertainty …
Long Beach’s September was the best ever as both ports expect continued gains through the end of 2023 (Port of Long Beach file photo) Posted on October 23, 2023 18:29 by Maritime Director Southern California ports continue to recover their volumes from their lows in early 2023, while reporting they expect continued gains through the …
Published: October 23, 2023 at 14:32 ET BlackRock strategists aren’t holding their breath for U.S. companies to finally turn positive in the third quarter. While many investors had hoped that the S&P 500 SPX would finally break its streak of negative quarters and post slightly positive earnings growth in the third quarter, a team of …