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The debt ceiling fallout isn't over for markets as corporate earnings will take a hit amid efforts to rein in government spending, investment manager says
"As a result, additional acts of austerity, which would likely be a headwind to the economy and profits, are on the table ... with Glenmede predicting the US will fall into a downturn later this year.
4d
Recession ahead? By this metric, one’s here now: Earnings fall and Wall Street expects 2Q soreness.
The latest round of corporate earnings is leaving Wall Street with a confounding sense of relief and lingering anxiety.
Bloomberg L.P.16d
LME Profits Fall to 8-Year Low as Nickel Crisis Hits Exchange
Profits at the London Metal Exchange fell to the lowest in eight years in 2022, as the massive short squeeze that brought the nickel market to a juddering halt in March took its toll on the exchange.
Access WDUN16d
AmEx profits fall as higher spending offset by loan losses
NEW YORK (AP) — American Express said its first-quarter profits fell by 13% from a year ago despite record quarterly revenue as the credit card company had to set aside more than $1 billion for ...
Mining17d
LME profits fall to 8-year low as nickel crisis hits exchange
Profits at the London Metal Exchange fell to the lowest in eight years in 2022, as the massive short squeeze that brought the nickel market to a juddering halt in March took its toll on the ...
Reuters19d
India's Jindal Steel's Q4 profit down 70% as prices fall, expenses rise
BENGALURU, May 16 (Reuters) - Jindal Steel and Power Ltd (JNSP.NS) reported a 69.5% fall in quarterly profit on Tuesday, hurt by lower steel prices and higher costs of raw materials like iron.
Yahoo Finanzas20d
India's Jindal Steel's Q4 profit down 70% as prices fall, expenses rise
BENGALURU (Reuters) - Jindal Steel and Power Ltd reported a 69.5% fall in quarterly profit on Tuesday, hurt by lower steel prices and higher costs of raw materials like iron. India's steel industry, ...
Zawya21d
Dubai’s Emaar Development sees slight profit fall to $288mln
Dubai-based developer Emaar Development has announced a marginally reduced profit in the first quarter of 2023 as revenue fell. The company, which is the development arm of Emaar Properties, reported ...
Wall Street Journal23d
Societe Generale Sees 1Q Revenue Fall, Profit Rise
Societe Generale reported a drop in first-quarter revenue, but a rise in net profit, as its French retail banking activities were hit by a temporary decrease to net interest margin.The French bank ...
Mining24d
Vedanta posts slump in Q4 profit after metal prices fall
Last month, Hindustan Zinc reported a fall in quarterly profit, hit by lower zinc and silver prices. A 25-year deal published this week by the Congolese government hands a little-known UAE firm ...
Zawya25d
Dubai-based logistics firm Aramex sees 49% fall in profit
Dubai-based courier and logistics company Aramex saw its profit fall by 49% to AED 23.909 million ($6.51 million) in the first quarter of 2023 due to factors including currency devaluation as well as ...
MarketWatch25d
American Express, Nike share losses lead Dow's nearly 150-point fall
The Dow Jones Industrial Average is falling Wednesday afternoon with shares of American Express and Nike delivering the stiffest headwinds for the index. Shares of American Express AXP ...

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