Wednesday, March 12

Tag: Siemens

Walmart Earnings, Low Fuel Prices Drag on Stocks
18Nov By adminNo Comments
Money

Walmart Earnings, Low Fuel Prices Drag on Stocks

Earnings selloffs in Cisco Systems and Walmart pulled down the Dow. But the broader market narrowly overcame those drags as well as tumbling energy shares to keep the November rally going.The S&P 500 added 0.1%. The tech-oriented Nasdaq Composite eked out a smaller gain than that and is now up 9.8% this month. The Dow Jones Industrial Average shed about 0.1%, or 46 points.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
Siemens Sees Slower Revenue Growth, With Automation Demand Still Recovering
16Nov By adminNo Comments
World

Siemens Sees Slower Revenue Growth, With Automation Demand Still Recovering

Siemens anticipates a slowdown in revenue growth next year, with global demand for automation products not expected to pick up again until the second half.The German industrial conglomerate on Thursday said it is targeting revenue growth of between 4% and 8% on a comparable basis, compared with 11% growth in the current year. Revenue at the digital industries division, which sells automation equipment and software to industrial customers globally, is expected to grow by up to 3% or stagnate.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
Is Germany's Economic Model Truly Kaputt?
11Aug By adminNo Comments
Money

Is Germany's Economic Model Truly Kaputt?

An overreliance on foreign markets puts the German economy in a difficult place, but its well-preserved industrial base is an advantage at a time when other countries are trying to reshore manufacturing.
Read More