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Emerson raises fiscal 2023 forecast on demand for industrial automation

The company's shares rose 3.9% in premarket trading. Emerson now expects its fiscal 2023 adjusted profit from continuing operations between $4.40 and $4.45 per share, up from its previous outlook of $4.15 to $4.25 per share. The St. Louis, Missouri-based company has been on a streamlining spree over the past few years, including executing a string of deals, to cash in on strong demand for industrial automation. ....

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North American Morning Briefing: Fresh Batch of Bank Earnings to Dictate Mood

North American Morning Briefing: Fresh Batch of Bank Earnings to Dictate Mood
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Easing Inflation in the U.S. Likely Bolstered Spending; The Man Taking the Reins at China's Central Bank

Easing Inflation in the U.S. Likely Bolstered Spending; The Man Taking the Reins at China's Central Bank
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With 'No Letup in Demand' for Workers, Construction Adds 23,000 Jobs in June

While construction s jobless rate rose to 3.6% in June, economists noted that the industry had 396,000 job openings as of the end of May. ....

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Rising Rates Diminish Gold's Appeal, Threatening Its Status as an Inflation Hedge

Gold rebounds as traders seize opportunity amidst robust U.S. economic readings, overcoming a dip below $1,900 level. ....

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