February 7, 2023

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Carlsberg

Carlsberg Expects Lower Beer Consumption To Hit 2023 Growth

Danish brewer Carlsberg (OTC:CABGY) on Tuesday forecast organic operating profit growth in 2023 below last year's level as higher beer prices are expected to dent consumption. The world's third-biggest brewer expects organic operating profit this year to change by between minus 5% and plus 5%, compared with 12% growth last year. "2023 will be another challenging year," Chief Executive Cees 't Hart said in a statement. "While beer historically has been a resilient consumer category, the higher prices in combination ...
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Dow Futures

Dow Futures Little Changed, Chegg Tanks 21.5% After Earnings

U.S. stock futures were trading in a tight range during Monday’s evening deals, after major benchmark averages finished the regular session lower as rising yields put pressure on risk-sensitive assets ahead of key speeches set to be delivered by Federal Reserve officials later in Tuesday's session. By 18:30 ET (23:30 GMT) Dow Jones futures, S&P 500 futures, and Nasdaq 100 futures were trading in a range of 0.1%. In extended deals, Chegg (NYSE:CHGG) fell 21.5% after the company reported Q4 ...
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Taiwan Exports

Taiwan Exports Seen Contracting For Fifth Straight Month in January: Reuters Poll

Taiwan's exports in January likely fell for the fifth month in a row amid fears of a global recession, uncertainties due to the war in Ukraine, and the COVID situation in China impacting tech demand, according to a Reuters poll. Taiwan, a global hub for chip production and a key supplier to Apple Inc (NASDAQ:AAPL), is one of Asia's leading exporters of technology goods. The trade data is seen as an important gauge of world demand for tech gadgets. Exports ...
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Oil prices creep

Oil Prices Creep Higher As IEA Flags Chinese Demand Recovery

Oil prices rose slightly on Monday tracking optimistic comments on a recovery in Chinese demand from the International Energy Agency, although markets were still nursing steep weekly losses on fears of tighter U.S. monetary policy. International Energy Agency head Fatih Birol reiterated the agency’s call that China will push global crude demand to record highs this year, and said there were already early indications that the world’s second-largest economy was recovering. His comments come even as PMI data from last ...
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Hackers Who Breached

Hackers Who Breached ION Say Ransom Paid; Company Declines Comment

The hackers who claimed responsibility for a disruptive breach at financial data firm ION say a ransom has been paid, although they declined to say how much it was or offer any evidence that the money had been handed over. ION Group declined to comment on the statement. Lockbit communicated the claim to Reuters via its online chat account on Friday but declined to clarify who had paid the money - saying it had come from a "very rich unknown ...
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China Hotel

China Hotel, Catering Job Openings Surge On PAost-COVID Demand Recovery – Survey

Chinese hotels and restaurants are seeking employees amid demand recovery in the services sector after the end of Beijing's zero-COVID protocols, with a survey by a leading recruiter showing a surge in job openings in the hospitality industry. During the first six days of work after China's Lunar New Year holiday, job openings in the hotel and catering sectors surged 40% from the same period a year earlier, according to a survey published on Friday by Zhaopin, one of the ...
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hoverbike

Japan Startup Selling $550,000 Star Wars-inspired Hoverbike To List On NASDAQ

Japanese startup Aerwins Technologies, which is selling a Star Wars-inspired $555,000 hoverbike, has received approval to list on the NASDAQ in a merger with blank-check firm Pono Capital Corp, the manufacturer said on Friday. Aerwins, which is taking orders for the XTurismo hoverbike with a motorcycle-like body on top of propellers that it unveiled last year, estimates it will be valued at $600 million in the transaction. The deal comes at a time when other mobility startups have faced difficulty ...
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Dow Futures

Dow Futures Trade Lower As Tech Earnings Disappoint, Apple Sheds 2.8%

U.S. stock futures were trading lower during Thursday's evening deals, after major benchmark averages finished mixed as investors grew cautious after a slew of mixed earnings reports. By 6:35pm ET (11:40pm GMT) Dow Jones Futures were down 0.2%, S&P 500 Futures fell 0.6% and Nasdaq 100 Futures were down 1.2%. In extended deals, Apple (NASDAQ:AAPL) shed 2.1% after the company reported Q1 EPS at $1.88 versus $1.94 expected, while revenues came in at $117.12 billion versus $121.88 billion expected. Amazon ...
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META

Meta Stuns Street With Lower Costs, Big Buyback, Upbeat Sales

Meta Platforms Inc's stricter cost controls this year and a new $40 billion share buyback sent shares soaring on Wednesday, as CEO Mark Zuckerberg called 2023 the "Year of Efficiency." The parent of Instagram and Facebook (NASDAQ:META), which has fallen on hard times amid a broad post-pandemic slump in digital ads, is focused on improving its content recommendations powered by artificial intelligence and its ad targeting systems to keep users clicking. Meanwhile, it will cut costs in 2023 by $5 ...
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ECB

ECB To Raise Rates Again And Face Questions About Future Path

The European Central Bank is set to raise interest rates again on Thursday and pencil in more hikes for the next few months, with the only open question being how big these will be. The ECB has been increasing rates at a record pace to fight a sudden bout of high inflation in the euro zone - the byproduct of factors including the aftermath of the COVID-19 pandemic and an energy crisis that followed Russia's invasion of Ukraine. The central ...
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