Cuts Outlook China - QuikReader

Smith & Nephew cuts outlook on China weakness

FTSE 100 medical manufacturer reports price pressures and worse-than-expected demand

World - Financial Times - 8 hours ago

IMF warns on China's property market worsening as it cuts country's growth outlook

In a report published Tuesday, the IMF trimmed its forecast for growth in China for this year to 4.8%, 0.2 percentage points lower than in its July projection.

Business - CNBC - October 23

STMicroelectronics Cuts Outlook Again on Continued Weak Demand

STMicroelectronics slashed its annual guidance for the third time this year after posting a slump in net profit and sales, as demand for chips in cars and industrial equipment remained weak.

Business - The Wall Street Journal - 14 hours ago

Salzgitter Cuts Outlook After Swing to Nine-Month Pretax Loss

The German steel company slashed its outlook for the third time this year, adding that it expects to report a pretax loss for 2024 amid sustained economic weakness.

Business - The Wall Street Journal - October 22

Eni Cuts Profit Outlook on Weak Prices, Lifts Buybacks

Eni lowered its guidance for the year due to a decline in oil prices which also hit the Italian energy major’s third-quarter profits, but said it planned to increase its share buy backs.

Business - The Wall Street Journal - 6 days ago

Huntington Ingalls' Shares Tumble on Outlook Cut, Navy Contract Delay

The biggest U.S. military shipbuilder pulled its five-year free cash-flow forecast amid uncertainty about a submarine contract, supply-chain disruption and the loss of experienced workers.

Business - The Wall Street Journal - 5 hours ago

Philips shares slide as company blames China for lowered sales outlook

Shares of Philips slumped on Monday as the Dutch healthcare devices company lowered its sales outlook for the year.

Business - MarketWatch - 3 days ago

McKinsey Cuts Hundreds From China Workforce

The consulting firm is cutting back on state-linked clients and is working to separate its China operations

Business - The Wall Street Journal - October 17

CVS cuts outlook yet again — while swapping out CEO for a company veteran

“The shift in management is not surprising as the company looks to level set its operations and strategically position itself for future growth,” analyst said.

Business - MarketWatch - October 18

China cuts benchmark lending rates by 25 basis points

The move was expected. China's central bank governor indicated last week that the loan prime rates would be lowered.

Business - CNBC - October 21

China cuts interest rates in battle to hit year-end growth target

Beijing steps up efforts to reboot economy amid mounting pressure to achieve goal of about 5% growth

World - Financial Times - October 21

Investors pile into emerging-market funds that cut out China

Demand for ‘ex-China’ strategies soar as tensions with west linger, despite recent stock rebound

World - Financial Times - October 23

Estée Lauder shares plunge as China sales slump prompts dividend cut

Beauty group’s stock drops 25% after guidance withdrawn for rest of year

Business - Financial Times - 7 hours ago

Patriot — Alexei Navalny’s fight for a ‘beautiful Russia’, in his own words

The memoir of Putin’s murdered opponent is a worthy testament to his courage, defiance and humour

World - Financial Times - October 22

Major airlines are cutting services to China or quitting entirely amid low travel demand, high costs

A new report from travel news site Skift shows that seven major airlines have retreated from the country in the past four months.

Business - CNBC - 6 days ago

Mercedes-Benz and Porsche look for cost cuts after China slump hits profits

German carmakers exposed to Asian nation’s economic malaise after benefiting from its booming auto market

Business - Financial Times - 6 days ago

Maps show NOAA's winter outlook

NOAA has released its seasonal outlook for the 2024-25 winter months, which predicts the U.S. will slowly transition into a La Niña pattern.

Martin Rowson on a parlous outlook for the UN – cartoon

World - The Guardian - October 15

Unilever Backs Outlook After Sales Growth

The consumer goods giant reiterated its full-year guidance after underlying sales grew more than expected in the third quarter as shoppers welcomed easing price hikes and began buying more of the ...

Business - The Wall Street Journal - October 24

Workers warned Budget tax rises will hit their wages

Economists say tax rises in the Budget will mean employers have less to give as pay rises.

ING Lifts Outlook After Profit Beat

ING raised its total income outlook for the year and said it would distribute up to $2.7 billion to shareholders after net profits topped expectations.

Business - The Wall Street Journal - 14 hours ago

Titans cutting Jamal Adams

Jamal Adams' brief tenure in Tennessee is coming to an end.

Sports - Yahoo Sports - October 17

UnitedHealth’s stock rocked as a big jump in medication costs hurt profitability

UnitedHealth’s stock was having its worst day in more than four years on Tuesday, after the healthcare giant beat third-quarter profit and revenue expectations but missed on medical-care ...

Business - MarketWatch - October 15

LVMH shares down 7% after warning of ‘uncertain’ outlook

World’s largest luxury group hit by pullback in Chinese consumer spending

Business - Financial Times - October 16

Global electricity demand to double by 2050, IEA’s World Energy Outlook says

Electricity demand is set to increase at levels equivalent to adding a new Japan to the world each year, the International Energy Agency said

Business - MarketWatch - October 16

NOAA releases 2024-25 winter weather outlook: Here's what to expect

Depending on where you live in the U.S., this winter could bring a mix of snow and rain or unseasonably warm weather, according to climate experts.

Politics - The Hill - October 17

Genuine Parts stock slides on Q3 earnings miss, lowered outlook

Shares of Genuine Parts Co. fell 10.1% in premarket trading after the auto-parts company reported lower-than-expected third-quarter earnings and lowered its outlook, citing weakness in market ...

Business - MarketWatch - October 22

Munich Re Lifts Outlook Despite Third-Quarter Miss

Munich Re’s third-quarter net profit missed consensus forecasts due to hurricane losses but the company said it expected to beat its full-year target.

Business - The Wall Street Journal - October 22

IMF declares victory over inflation, boosts US economic outlook

International Monetary Fund (IMF) officials sounded a death knell for the post-pandemic inflation Tuesday and raised projections for U.S. economic performance, placing the U.S. at the center of the ...

Politics - The Hill - October 22

Volvo Cars slashes outlook citing ‘increasingly volatile environment’

Volvo Cars CEO Jim Rowan said the company is facing slower demand in Europe, the U.S. and China.

Business - MarketWatch - October 23

Mattel Lowers Sales Outlook After Barbie Sales Weigh

The toy company’s profit, however, is holding up due to stronger margins, helped by factors such as cost cuts, supply-chain improvements and lower input costs.

Business - The Wall Street Journal - October 23

Unilever reiterates 2024 outlook after third-quarter sales growth

Unilever on Thursday reiterated its 2024 outlook after reporting underlying sales growth of 4.5% in the third quarter.

Business - MarketWatch - October 24

WNBA outlook is promising after record-setting year — but challenges lie ahead

The WNBA outlook seems promising heading into the offseason following a banner season with record ratings, attendance and a first-time champion in New York

Sports - ABC News - 6 days ago

Tesla’s Shares Surge 20% After Strong Earnings and Outlook

The company said profits climbed 17 percent in the third quarter. It expects car sales to rise up to 30 percent next year when it plans to begin selling new models.

Business - The New York Times - October 24

NHS in England to receive £1.5bn next year to boost appointments

Fresh funding comes as part of wider package which will be set out by Reeves in Budget on Wednesday

Business - Financial Times - 2 days ago

PayPal beat big on a profit metric, but here’s why its stock is falling

PayPal’s fourth-quarter revenue view came in below expectations. The company said it’s focusing on “profitable growth.”

Business - MarketWatch - 2 days ago

JetBlue’s stock tumbles as downbeat revenue outlook raises risk of more losses

JetBlue’s stock sinks after Q3 results beat expectations but the Q4 revenue outlook disappointed.