A gauge the Federal Reserve uses for inflation rose slightly in November and edged closer to the central bank's goal.The core personal consumption expenditures price index, which excludes volatile food and energy prices, increased 0.1% for the month, and was up 3.2% from a year ago, the Commerce Department...
Check out the companies making headlines in premarket trading. Nike — Shares tumbled 12.1% after the athletic retailer slashed its sales guidance and announced plans to cut costs by around $2 billion over the next three years. Nike also posted its second straight quarter of worse-than-expected revenue, which hasn't...
Revolut's logo displayed on a phone screen.Jakub Porzycki | NurPhoto via Getty ImagesBritish fintech Revolut's revenue rose 45% to a record 923 million pounds ($1.1 billion) in 2022, but net profit tumbled to 6 million pounds, down from 26 million pounds the year before, the company said in delayed...
People shopping on Oxford Street in London. Picture date: Thursday December 29, 2022. (Photo by James Manning/PA Images via Getty Images)James Manning - Pa Images | Pa Images | Getty ImagesLONDON — The U.K. is edging closer to recession after revised figures showed the economy shrank in the previous...