Past recessions have started well after the Federal Reserve turned accommodative
Dow Jones Newswires: AstraZeneca says Forxiga approved in EU for heart failure
AstraZeneca PLC said Tuesday that Forxiga has been approved in the European Union for the treatment of symptomatic chronic heart failure.
: Not Beyond Petroleum after all — BP says it’s increasing investment in oil and gas as much as it’s boosting renewable spending
BP on Tuesday said it was boosting spending on oil and gas as much as it will on what it calls “transition growth engines,” a sign of both the pushback energy giants have received for their moves into the renewable energy space as well as the need for energy security and affordability.
Dow Jones Newswires: Nintendo lowers earnings forecasts as it expects to sell fewer Switch consoles
Nintendo said it sold 14.9 million Switch consoles in the nine-month period ended Dec. 31, down from 18.95 million units during the same period a year earlier
Dow Jones Newswires: German industrial production falls 3.1% in December, much more than forecast
Industrial output, comprising manufacturing production, energy and construction, fell 3.1% on month in December on a price-, seasonally- and calendar-adjusted basis, against expectations for a 0.6% rise.
Dow Jones Newswires: BP underlying replacement cost profit of $4.8 billion falls short of forecasts.
BP’s full-year replacement cost profit was $27.7 billion, compared with almost $13 billion for 2021 when BP swung back from early Covid-19 pandemic losses.
Dow Jones Newswires: Siemens Energy net loss more than doubled due to renewable unit troubles
The German energy company registered a quarterly net loss of 598 million euros ($643.4 million) for the quarter ended Dec. 31
Dow Jones Newswires: BNP Paribas reports disappointing quarter, but announces €5 billion in buybacks, lifts targets for 2022 to 2025
While profit and revenue disappointed, BNP added that it would return EUR5 billion to shareholders via two tranches of share buybacks in 2023,
Dow Jones Newswires: Baidu surges after confirming plan to launch AI chatbot in March
Shares of Baidu Inc. surged in Hong Kong on Tuesday as investors welcomed the Chinese internet giant’s plan to launch an artificial-intelligence chatbot next month amid an intensifying AI race in the technology industry.
Dow Jones Newswires: Baidu surges after confirming plan to launch AI chatbot in March
Shares of Baidu Inc. surged in Hong Kong on Tuesday as investors welcomed the Chinese internet giant’s plan to launch an artificial-intelligence chatbot next month amid an intensifying AI race in the technology industry.