Indian retail companies reported a strong earnings in the quarter ended June 2022. Q1FY23 was impressive with 3 per cent and 11 per cent sales and EBITDA outperformance respectively. Most companies comfortably topped pre-covid trends. According to analysts at Edelweiss Securities, business outlook provided by retail companies and the trends, at large, are positive, indicating …
US Stocks: Futures fall as Fed rate hike worries sap risk sentiment
U.S. stock index futures fell on Friday after Federal Reserve officials said the central bank needs to keep raising interest rates to rein in inflation, while deliberating on how fast and how high to lift them. High-growth and technology stocks such as Amazon.com Inc and Alphabet Inc declined more than 1% in trading before the …