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Pfizer Q4 Profit Tops View; Sees Weak FY23 Results, Below Market

Drug major Pfizer Inc. reported Tuesday higher earnings in its fourth quarter, above market estimates, and an all-time high revenues in its fiscal 2022. Meanwhile, the company projects sharply lower adjusted earnings and revenues in its fiscal 2023, below...

UBS Q4 Profit Climbs, Lifts Dividend, Plans $5 Bln Buyback; Stock Down

Court Rejects J&J Bankruptcy Petition To End Talc Cancer Lawsuits

Eurozone Economy Avoids Contraction In Q4

Euro area narrowly escaped a shrinkage in the fourth quarter, but the growth remained modest on weaker consumer spending amid high inflation. Gross domestic product grew 0.1 percent sequentially after rising 0.3 percent in the third quarter, preliminary...

Italy's First GDP Contraction In Nearly 2 Years Sparks Recession Worries

UK Mortgage Approvals At 31-Month Low

Biden Rules Out F-16 Fighter Jets To Ukraine

President Joe Biden has ruled out providing F-16 fighter jets to Ukraine despite repeated calls by his Ukrainian counterpart to help strengthen his forces' tough fight against Russia. After Marine One arrival at the South Lawn Monday, a reporter asked...

Erdogan Insists On Returning Kurdish Militants For Turkey's Ratification Of Sweden's NATO Bid

Biden Discusses Key Issues With Democratic Congressional Leadership

Futures Point To Lower Open For Wall Street

Earnings as well as geo-political developments might be influencing investor sentiments on Tuesday. The FOMC meeting has begun today. The U.S. Federal Reserve is due to announce its policy decision on Wednesday. It is widely expected that 25 basis-point...

European Shares Extend Losses Ahead Of Fed Meeting

Asian Shares End Lower Ahead Of Fed Meeting

COVID-19: Drugs in Development

Mexico GDP Growth Slows To 3.5% Amid Tertiary Sector Slowdown

Biden Announces $4 Bln Project To Replace Baltimore And Potomac Tunnel

Portugal GDP Growth Eases On Lower Domestic Demand; Inflation Slows Further

Pfizer Q4 Profit Tops View; Sees Weak FY23 Results, Below Market

Biden Rules Out F-16 Fighter Jets To Ukraine

Eurozone Economy Avoids Contraction In Q4

Futures Point To Lower Open For Wall Street

Italy's First GDP Contraction In Nearly 2 Years Sparks Recession Worries

UK Mortgage Approvals At 31-Month Low

German Unemployment Steady At 5.5%

German Private Sector Downturn Eases On Cooling Inflation, Lower Recession Fears

Germany's private sector downturn softened to a stable footing at the start of the year amid a moderation in price pressures along with a renewed positive outlook on reducing recession risks and ongoing strength in the job market, flash survey data from S&P Global showed on Tuesday.

Two Key Gun Safety Bills Introduced In Senate

Senators Dianne Feinstein (D-Calif.), Richard Blumenthal (D-Conn.) and Chris Murphy (D-Conn.) have introduced a pair of bills to protect communities from assault weapons. "The Assault Weapons Ban of 2023" would ban the sale, transfer, manufacture and import of military-style assault weapons and high-capacity magazines and other high-capacity ammunition feeding devices that hold more than 10 rounds of ammunition.

U.S. Embassy To Expedite Visa Processing For Indians To Clear Backlog

The U.S. diplomatic missions in India have launched a set of measures to reduce wait times for U.S-bound Indian visa applicants and expedite visa processing across the country. The U.S. embassy and its consulates have launched the first in a series of special Saturday interview days.

UK Orders Book Balance Falls, Cost Pressures Ease: CBI

UK manufacturing output and orders remained stable in the three months to January, while average unit costs grew at the slowest pace since April 2021, the latest monthly Industrial Trends Survey from the Confederation of British Industry and Accenture showed on Tuesday.

White House

Biden Announces $4 Bln Project To Replace Baltimore And Potomac Tunnel

President Joe Biden has announced a $4 billion project to replace the 150-year-old Baltimore And Potomac Tunnel. Biden traveled to Baltimore, Maryland, to kick off the major project funded by the Bipartisan Infrastructure Law. The president, who has the nickname "Amtrak Joe," recalled delays he encountered at the tunnel when travelling via rail between Delaware and Washington D.C. as a Senator.

Dept Of Transportation Releases $29 Mln In Emergency Relief Funding To California

Economy

France Inflation Accelerates To 6.0%

Inflationary pressures in the French economy continued unabated at the start of the year as consumer price inflation and the EU harmonized rate accelerated in January and producer price growth remained strong, even as the economy narrowly escaped a recession in the fourth quarter, thus validating the tightening stance of the European Central Bank that is set to hike rates further this week.

German Import Price Inflation At 19-Month Low On Easing Energy Costs

Swiss Retail Sales Fall Most In 8 Months

Germany Retail Sales Fall Sharply In December

Health

Covid-19 Remains An International Emergency: WHO

The World Health Organization (WHO) says that Covid-19 pandemic continues to be a public health emergency of international concern. A statement issued on Monday after the fourteenth meeting of the WHO International Health Regulations Emergency Committee regarding the pandemic said, "The WHO Director-General concurs with the advice offered by the Committee regarding the ongoing COVID-19 pandemic a

Markets

Bay Street Likely To Open On Negative Note

Canadian shares are likely to open on a negative note Tuesday morning, tracking lower commodity prices and weak European stocks.

Business

UBS Q4 Profit Climbs, Lifts Dividend, Plans $5 Bln Buyback; Stock Down

Swiss banking giant UBS Group AG reported Tuesday a higher profit in its fourth quarter with drop in operating expenses, while revenues were weak. Further, the company lifted its dividend, and said it plans more than $5 billion share repurchase. UBS shares were losing around 3 percent in Swiss trading as well as in pre-market activity on the NYSE.

Stock Alerts

Alibaba Group Stock Slips 5%

G Medical Innovations Stock Surges 83% After Patent Issuance Notification

Eagle Bulk Shipping Uptrend Continues

GE HealthCare Gains On Improved Revenues

Vera Therapeutics Stock Slips 15%

Latest Updates on COVID-19

Covid-19 Remains An International Emergency: WHO

U.S. Covid Metrics Signal Ease In Pandemic

FDA Advisors Propose To Replace Primary COVID Shots With New Bivalent Shots

US Covid Deaths Rise By 78% In 2 Weeks

78% Increase In US Covid Deaths In A Fortnight

COVID-19: Drugs in Development

Cryptocurrency

World Market Trends

Here is a snapshot of the world markets at this hour across stocks, currencies, bonds, commodities and cryptocurrencies. Read More

FDA Monitor

Biotech Stocks Facing FDA Decision In February 2023

As we move into the shortest month of the year, let's take a look at some of the regulatory news reported during January and look ahead to what's in store for February. Read More

Biotechnology

Daiso Recalls Matsunaga Mini Shiruko Sand Biscuits

La Mirada, California-based Daiso California LLC is recalling certain Matsunaga Mini Shiruko Sand Biscuits citing undeclared soy, an allergen, the U.S. Food and Drug Administration said. The recall incolves Matsunaga Mini Shiruko Sand Biscuits with sku 4902773016966, packaged in four pink and cream bags chained together. Each individual serving is 25g for an entire product weight of 100g. Read More

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Economic Calendar

Date	Indicator	Period	Country
01/31/23 9:0	House Price Index (M-o-M)	NOV	United States
01/31/23 9:0	S&P/Case-Shiller Home Price Index	NOV	United States
01/31/23 9:0	S&P/Case-Shiller Composite-20 (Y-o-Y)	NOV	United States
01/31/23 8:30	GDP (M-o-M)	NOV	Canada
01/31/23 8:30	Employment Cost Index	Q4	United States
01/31/23 7:0	Trade Balance	DEC	South Africa

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Bond Markets Treasuries See Further Downside Ahead Of Next Week's Fed Meeting Treasuries Close Lower Following Volatile Session Seven-Year Note Auction Attracts Above Average Demand Treasuries Finish Choppy Trading Day Roughly Flat Read More	Commodities Gold Prices Decline As IMF Lifts Global Growth Forecast Oil Extends Losses On Rate Hike Worries Oil Futures Settle At Near 3-week Lows On Demand Concerns Gold Futures Settle Lower For 3rd Straight Session Read More	Earnings NVR Inc. Q4 Income Climbs, Beats estimates Griffon Corp. Q1 Profit Increases, beats estimates Imperial Oil Q4 Profit Soars, Tops Estimates; Declares Dividend Chunghwa Telecom Expects 2023 Total Revenue To Increase By 2.1%~2.8% Read More
IPOs United Internet And WP Price IONOS Group IPO At EUR 18.50-EUR 22.50/shr IONOS Plans To List Shares On Frankfurt Stock Exchange; United Internet To Retain Majority Stake Johnson & Johnson's Consumer Health Unit Kenvue Files For IPO Read More	Mergers & Acquisitions Dole To Sell Fresh Vegetables Division To Fresh Express For $293 Mln Cash Marqeta To Buy Power Finance For $223 Mln In Cash Timken To Buy Nadella Group From ICG Germany's Jungheinrich To Acquire U.S.-based Storage Solutions For $375 Mln Read More	Industries Biden Announces $4 Bln Project To Replace Baltimore And Potomac Tunnel Pfizer Q4 Profit Tops View; Sees Weak FY23 Results, Below Market Biden Rules Out F-16 Fighter Jets To Ukraine UBS Q4 Profit Climbs, Lifts Dividend, Plans $5 Bln Buyback; Stock Down Read More

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