offset

US: Wall St muted as weak earnings offset jobless claims relief
US: Wall St muted as weak earnings offset jobless claims relief
May 9, 2024
US stock indexes were muted at the open on Thursday (May 9) as a slate of downbeat earnings offset the impact of data that showed US weekly jobless claims...
Fox profit beats estimates as lower costs help offset ad revenue weakness
Fox profit beats estimates as lower costs help offset ad revenue weakness
May 8, 2024
Fox Corp beat Wall Street estimates for third-quarter profit on Wednesday (May 8), due to lower expenses, even as its revenue tumbled more than 15 per cent on weakness...
Disney’s surprise streaming entertainment profit offset by weaker TV business
Disney’s surprise streaming entertainment profit offset by weaker TV business
May 7, 2024
Walt Disney’s surprise profit in its streaming entertainment division was eclipsed by a drop in its traditional TV business and weaker box office, sending its shares down 8.5 per...
NYSE-parent ICE’s revenue misses as muted IPO markets offset record energy trading
NYSE-parent ICE’s revenue misses as muted IPO markets offset record energy trading
May 2, 2024
INTERCONTINENTAL Exchange (ICE) reported first-quarter revenue slightly below estimates on Thursday (May 2) as an uneven recovery in US initial public offerings cut into the upswing from record trading...
Asia: Markets rise as strong US tech earnings offset poor data
Asia: Markets rise as strong US tech earnings offset poor data
April 26, 2024
MOST markets rose in Asia on Friday after forecast-topping earnings from Microsoft and Alphabet helped soothe worries that a tech-fuelled equities rally may have been overdone.However, the mood was...
Oil settles higher as weak US economic growth offset by supply concerns
Oil settles higher as weak US economic growth offset by supply concerns
April 25, 2024
OIL prices settled higher on Thursday on worries of supply disruptions in Middle East supply as Israel stepped up airstrikes on Gaza’s Rafah and on the US Treasury secretary’s comments...
BNP Paribas beats estimates as lower costs offset trading slump
BNP Paribas beats estimates as lower costs offset trading slump
April 25, 2024
BNP Paribas (BNPP) beat first-quarter profit forecasts on Thursday (Apr 25) as lower costs and a robust performance in global banking helped to offset a steep fall in its...
UPS profit beats estimates as cost cuts offset weak delivery demand
UPS profit beats estimates as cost cuts offset weak delivery demand
April 23, 2024
UNITED Parcel Service reported first-quarter profit above estimates on Tuesday (Apr 23) as cost cuts partly offset subdued demand for small-package delivery, sending its shares up 3.5 per cent...
Broadcom expects AI demand to help offset weakness elsewhere
Broadcom expects AI demand to help offset weakness elsewhere
March 8, 2024
BROADCOM, a chip supplier for Apple and other big tech companies, predicted that AI spending would fuel growth more quickly than expected this year, even as sluggish demand in...
Oil settles lower, demand worries offset geopolitical price support
Oil settles lower, demand worries offset geopolitical price support
February 20, 2024
OIL prices settled lower on Tuesday, with worries about global demand offsetting price support from the Israel-Hamas conflict. Brent futures settled down US$1.22, or 1.5 per cent, to US$82.34 a...