Tag: Expects

Uber expects strong core profit as ride share, food delivery demand accelerates

(Reuters) – Uber Technologies forecast quarterly core profit and gross bookings above estimates and reported market-beating results for the holiday quarter on Wednesday, fueled by higher demand in its ride sharing and food delivery segments. The company, which posted its first full-year profit on net basis, is expanding initiatives like memberships, corporate travel and advertising. […]

Lilly expects strong 2024 profit on rising demand for weight-loss drug

(Reuters) -Eli Lilly forecast 2024 profit above Wall Street expectations on Tuesday on soaring demand for its weight-loss drug, and said the treatment helped reduce symptoms of a fatty liver disease in a mid-stage trial. The company’s shares rose nearly 5% in premarket trading after gaining about 11% in January. It is the eighth largest […]

EU expects to start disbursements in March

Ursula von der Leyen, President of the European Commission, has said the EU is eager to start disbursements of funds allocated by the €50 billion Ukraine Facility programme agreed upon last week. Source: von der Leyen on Twitter, as reported by European Pravda Details: The EU Commission president welcomed the political agreement between the EU […]

Market prophet Gary Shilling expects S&P 500 returns to slump — and warns a recession could stretch into 2025

Gary Shilling.Bloomberg TV Investors should expect lower stock market returns in the future, Gary Shilling says. The legendary forecaster cited slower economic growth, steep valuations, and fading speculation. Merrill Lynch’s first chief economist said a recession appears likely and could extend into 2025. Investors in the stock market face decades of disappointment, and a recession […]

Orchestra expects packed house, highlights local talent

(COLORADO SPRINGS) — The Chamber Orchestra of the Springs will be back at the ENT Center for the Arts on Sunday, Feb. 4 at 2:30 p.m., to present Artistry in Strings, a program of impressive musical selections crafted to highlight the skill of its musicians. According to a press release, this is the first time […]

Scholz expects Slovakia to continue supporting Ukraine in war against Russia

German Chancellor Olaf Scholz, after meeting with Slovak Prime Minister Robert Fico in Berlin on 24 January, has expressed hope that Bratislava, like other allies of Ukraine, will continue to support it amid Russia’s full-scale aggression. Source: European Pravda with reference to dts Details: At a joint press conference, Scholz warned against the idea that […]