Ranger Energy Services, Inc. (RNGR) reported that its fourth quarter net income was $7.6 million compared to $24.4 million, prior year. The company said the decrease in net income relative to the prior year period primarily reflects the non-recurring impact of a $37.2 million gain on bargain purchase relating to […]

Alleviating fears of a recession, the euro area private sector activity grew the most since mid-2022 as there was a quick upturn in the services sector, while manufacturing activity landed on broad stabilization in February. The final composite output index rose to 52.0 in February from 50.3 in January, data […]

video FOX Business Flash top headlines for March 3 Check out what’s clicking on FoxBusiness.com Developers have struck a labor deal for the construction of a bullet train planned for rapid transit between Southern California and Las Vegas. Brightline, the construction company tasked with constructing the high-speed train system, has […]

China’s service sector activity gained strength in February with strong support from new business and employment after the easing of pandemic-related restrictions, survey results published by S&P Global showed on Friday. The Caixin services Purchasing Managers’ Index picked up to 55.0 in February from 52.9 in January. The reading was […]

The classical signals used by economists over the ages are telling us that Europe and America are sailing straight into a recessionary iceberg at full throttle. These long-term indicators are nearly all pointing to a deep global downturn, though China may scramble the picture as it comes out of the […]

Despite the moderate growth in consumer spending, Switzerland’s economy stagnated at the end of 2022 as the challenging global conditions curtailed exports and manufacturing output. Gross domestic product logged a flat sequential growth in the fourth quarter after expanding 0.2 percent in the previous three months, the State Secretariat for […]

video Is anyone investing in cryptocurrency anymore? Primetime Partners co-founder and chairperson Alan Patricof provides insight on investing and cryptocurrency and the push for electric vehicles on ‘The Claman Countdown.’ U.S. payment giants Visa and Mastercard are slamming the brakes on plans to forge new partnerships with crypto firms after […]

video Housing market preparing for ‘another headwind’ that will ‘drag’ the economy: Mark Avallone Potomac Wealth Advisors president and founder Mark Avallone says the ‘trickle down’ effect will take hold later this year. Sales of new U.S. homes rose for the fourth straight month in January to the highest level […]

Japan’s consumer price inflation accelerated further in January to hit a fresh 41-year high, adding pressure on the central bank to withdraw its massive monetary stimulus. Core inflation that excludes volatile fresh food climbed to 4.2 percent in January from 4.0 percent in the previous month, data from the Ministry […]

UK retailers expect sales to decline next month and remained pessimistic about the business outlook, survey results from the Confederation of British Industry showed Thursday. A net 2 percent of retailers said their sales volume increased in the year to February, the Distributive Trades Survey showed. This was better than […]