Business services company Cintas Corp. (CTAS) reported on Wednesday that profit for the second quarter grew 10 percent from last year, driven by improved margins and double-digit revenue growth. Both earnings per share and revenues topped analysts’ expectations. The company also raised its earnings and revenue outlook for the full-year 2023. “Each of our operating segments again grew revenue at […]
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China retained its benchmark lending rate for the fourth straight month on Tuesday, providing no hope for the beleaguered housing market and the struggling economy. The People’s Bank of China kept its one-year loan prime rate, or LPR, unchanged at 3.65 percent. Similarly, the five-year LPR, the benchmark for mortgage rates, was retained at 4.30 percent. Previously, the bank had […]
Read morevideo FOX Business Flash top headlines for December 19 Check out what’s clicking on FoxBusiness.com Epic Games Inc. has agreed to pay $520 million to resolve Federal Trade Commission allegations that the "Fortnite" videogame developer violated online privacy protections for children and tricked players into making unintended purchases. The FTC said the agreement consisted of two record-breaking settlements that resolve […]
Read morevideo Here are some infrastructure issues found in electric vehicles Dalan Zartman, president of Rescue Methods LLC, points out some of the manufacturing flaws that may be found within electric vehicles on ‘The Evening Edit.’ Toyota’s president is questioning whether the push for the auto industry to phase out gas-powered vehicles and go exclusively electric is the right decision. Akio […]
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Eurozone private sector contracted for a sixth month in a row in December, while the pace of decline slowed for a second time, suggesting that the economic downturn will be less severe than expected previously. The flash composite output index rose to a four-month high of 48.8 in December from 47.8 in the previous month, survey results from S&P Global […]
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UK retail sales declined unexpectedly in November as the rising cost of living and weak consumer sentiment dragged down consumer spending. Retail sales volume fell 0.4 percent from October, when turnover was up by revised 0.9 percent, data from the Office for National Statistics showed Friday. Sales were expected to gain 0.3 percent. Sales excluding auto fuel decreased 0.3 percent, […]
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The Netherlands’ jobless rate dropped for a second straight month in November and the number of unemployed was the lowest in four months as more Dutch find jobs to boost their income as households and businesses reel under the pressure of the cost of living crisis and the prospect of a shallow recession next year. The seasonally adjusted ILO jobless […]
Read morevideo Steve Moore: There is actually a lot we can do about inflation Heritage Foundation distinguished fellow Steve Moore discusses the Fed’s prediction that there will be an ongoing rate increase in 2023 on ‘Fox Business Tonight.’ The central banks of the U.K., eurozone and Switzerland increased interest rates by 0.5 percentage point, following the Federal Reserve in slowing the […]
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The European Central Bank is widely expected to slow the pace of its interest rate hikes to 50 basis points on Thursday, taking cue from its peers as inflation have come off slightly in several countries on the back of a modest easing in energy prices. However, recent economic data and surveys as well as the rhetoric from ECB policymakers […]
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