Sectors News Results

  • European Parliament Defends Veggie 'Burgers' Against Farmers' Objections

    The European Parliament has voted against a measure that proposed a ban on referring to vegetable-based products with meat-related terms such as' veggie burgers', in a blow to the hopes of the continent's livestock sector. Lawmakers rejected all proposals to reserve meat-related names to products containing meat, the European Parliament's Committee on Agricultural and Rural Development said Friday. The vote was 379 against and 284 votes in favor.

  • Posco 3Q Net Profit Rose 3.5% on Year

    Posco's (PKX) third-quarter net profit rose 3.5% from a year earlier, thanks to strong sales of high-margin steel products backed by a recovery in demand from the auto industry. Net profit for the quarter ended September was 514.00 billion won compared with KRW496.80 billion in the same quarter a year earlier, the South Korean steelmaker said Friday. That beat a FactSet consensus forecast for net profit of KRW289.28 billion.

  • Covid-19 Gives Boost to China's Telemedicine Industry -- Journal Report

    As the Covid-19 pandemic swept across China in late January, the country's telemedicine platforms raced to roll out free coronavirus-related services and the once wary government moved to ease regulations on providers, giving new life to a fledgling industry that has largely been losing money. The effort, involving some of China's largest technology companies, has introduced millions of people to online medicine in what industry analysts say could mark a watershed moment...

  • French Manufacturing Sector Sentiment Declined in October

    Sentiment in the French manufacturing sector slightly fell in October, interrupting the steady recovery from the historic 30- point decline in April due to the coronavirus pandemic. Figures from the French national statistics agency's monthly survey on Thursday showed manufacturing sentiment fell to 93 in October compared with a revised figure of 94 for September. The reading is below economists' consensus forecast of 95 in a survey conducted by The Wall Street Journal.

  • Housing Starts and Existing Home Sales Seen Rising -- Data Week Ahead

    The following are forecasts for this week's remaining U.S. data from a survey compiled by The Wall Street Journal. Forecasts were last updated Monday afternoon. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS Thursday 0830 Jobless Claims Oct 17 875 K 898 K 1000 Existing Home Sales Sep 6.37 M 6.0 M-- percent change Sep +6.2% +2.4% 1000 Leading Index Sep +0.6% +1.2% 1100 Kansas City Fed Mfg Svy Oct N/A 11 Composite Index Friday 0945 Markit Flash Mfg PMI Oct 53.7 53.2* 0945 Markit Flash...

  • Brooklyn Home Demand Bounces Back as Buyers Look Beyond Manhattan

    Brooklyn's housing market is showing fresh signs of life, boosted by home buyers seeking more space and lower prices than across the river in Manhattan. The Covid-19 pandemic and subsequent shelter-in-place restrictions this spring prompted some New Yorkers to decamp to second homes, move in with family outside the city, or relocate to the suburbs. Some real-estate industry watchers forecast an exodus from the city, as urbanites switched to working from home and sought more...

  • Housing Starts and Existing Home Sales Seen Rising -- Data Week Ahead

    The following are forecasts for this week's remaining U.S. data from a survey compiled by The Wall Street Journal. Forecasts were last updated Monday afternoon. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS Thursday 0830 Jobless Claims Oct 17 875 K 898 K 1000 Existing Home Sales Sep 6.37 M 6.0 M-- percent change Sep +6.2% +2.4% 1000 Leading Index Sep +0.6% +1.2% 1100 Kansas City Fed Mfg Svy Oct N/A 11 Composite Index Friday 0945 Markit Flash Mfg PMI Oct 53.7 53.2* 0945 Markit Flash...

  • U.S. Housing Starts Resume Their Upward Trajectory in September

    Construction of new homes in the U.S. increased in September after declining the prior month, signaling continued strength in the housing market, data from the Commerce Department showed Tuesday. Here are the main takeaways from the report:. --Housing starts, a measure of U.S. homebuilding, increased by 1.9% in September compared with August, to a seasonally adjusted annual rate of 1.415 million.

  • Lockheed Martin Sets Modest Sales Expectations as Pandemic Weighs on Spending

    Lockheed Martin Corp. (LMT) said it expects sales to rise about 3% next year as the world's largest defense company provided a first look at the impact of slowing military budget growth. The company said Tuesday that it expects sales to be at or above $67 billion in 2021 as it reported forecast- beating quarterly earnings and boosted 2020 guidance following a rise in its order backlog to a record $150 billion. The defense industry has been one of the U.S. economy's most-resilient sectors...

  • Stocks Edge Higher as Choppy Week on Wall Street Wraps Up

    U.S. stocks closed slightly higher Friday as retail sales data beat expectations, giving the indexes modest gains after a volatile week. Investors have been grappling with questions about the strength of the economic recovery, the spread of the coronavirus and the status of negotiations in Washington over additional fiscal stimulus. Stocks started the week strong Monday before pivoting to record three days of declines.

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News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.