M. Holland has announced expanded access to 3D printing filaments from Braskem, a global chemical company, providing clients with access to polyethylene (PE) and glass fiber reinforced polypropylene (PP) filaments. Click here to read the full press release.
Shares of American Eagle Outfitters plunged 14% Wednesday as the apparel retailer missed quarterly profit estimates, paused its dividend and announced plans to freeze hiring and reduce capital spending.
Struggling retailer Bed Bath & Beyond expects to have burned through more than $800 million in cash through the six months ending in August, a sum greater than its current market capitalization.
Apple unveiled its newest lineup of iPhones and smartwatches Wednesday, with sales of iPhones expected to rise 6.7% this year to a record $205 billion. The company surprised many by not raising prices on the new lineup.
Regal Cinemas’ parent company, the second-largest theater chain in the world, filed for Chapter 11 bankruptcy protection Wednesday after a sluggish pandemic rebound in movie attendance.
China’s exports to Russia rose 26.5% in August while its imports from Russia surged almost 60%.
Canada’s central bank hiked its benchmark interest rate by 0.75 percentage points to a 14-year high on Wednesday while signaling more rate increases to come.
Canadian exports dropped in July for the first time this year due to lower energy prices. In August, the nation’s economic activity expanded while employment rose at a faster pace, according to surveys.
The European Central Bank raised interest rates by 0.75% today.
Mexico’s economy is projected to grow 3% in 2023, higher than this year’s 2.4% pace, as inflation cools and oil output picks up, according to government forecasts.
British homebuyer inquiries fell to their lowest level of the pandemic in August and are expected to stall for much of the next year due to recession fears.
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