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Dollar Turns In Mixed Performance Against Major Counterparts

Dollar Turns In Mixed Performance Against Major Counterparts

The U.S. dollar gained some ground against its major counterparts on Friday, but retreated a bit subsequently, as traders looked ahead to the release of the crucial U.S. inflation data, due early next week, for more clues about the outlook for Federal Reserve's interest rate trajectory.
RTTNews | 5h 22minuter sedan
Swiss Market Ends On Strong Note

Swiss Market Ends On Strong Note

Swiss stocks closed on a buoyant note on Friday, tracking gains in global markets amid optimism several central banks will start cutting interest rates soon.
RTTNews | 8h 37minuter sedan
U.S. Dollar Rises Ahead Of Inflation Data

U.S. Dollar Rises Ahead Of Inflation Data

The U.S. dollar was higher against its major counterparts in the New York session on Friday, as investors awaited the release of U.S. inflation data for April next week, which will guide the outlook for Fed rate cuts.
RTTNews | 8h 46minuter sedan
European Stocks Close Higher Again, End Week On Bright Note

European Stocks Close Higher Again, End Week On Bright Note

European stocks closed higher on Friday, with several markets hitting fresh record highs, as investors reacted to some positive economic data and earnings updates, and continued to remain optimistic about interest rate cuts by central banks in the coming months.
RTTNews | 9h 2minuter sedan
U.S. Consumer Sentiment Tumbles To Six-Month Low In May

U.S. Consumer Sentiment Tumbles To Six-Month Low In May

A report released by the University of Michigan on Friday showed a substantial deterioration in U.S. consumer sentiment in the month of May. The University of Michigan said its consumer sentiment index plunged to 67.4 in May from 77.2 in April. Economists had expected the index to edge down to 76.0.
RTTNews | 12h 1minuter sedan
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Better Than Expected Q1 Growth Leads UK Out Of Recession

Better Than Expected Q1 Growth Leads UK Out Of Recession

The UK economy ended a technical recession in the first quarter with the economic output growing better than expected and also marked the strongest since late 2021 led by a rebound in the services output and household spending. Gross domestic product grew 0.6 percent from the fourth quarter, when the economy shrunk 0.3 percent, preliminary estimates from the Office for National Statistics showed.
RTTNews | 13h 53minuter sedan
Boston Omaha Says Co-CEO And Co-Chair Alex Rozek Steps Down On May 9

Boston Omaha Says Co-CEO And Co-Chair Alex Rozek Steps Down On May 9

Diversified company Boston Omaha Corp. (BOC) announced Friday that Alex Rozek, Co-CEO and Co-Chair, has left the Company, effective as of May 9, 2024 to pursue new entrepreneurial opportunities. Adam Peterson will continue to lead the Company as Chair and CEO.
RTTNews | 13h 58minuter sedan
AlTi Global Swings To Profit In Q1

AlTi Global Swings To Profit In Q1

AlTi Global, Inc. (ALTI) reported Friday net income attributable to AlTi for the first quarter of $29.35 million or $0.18 per share, compared to a net loss of $68.74 million or $1.19 per share in the prior-year quarter.
RTTNews | 14h 7minuter sedan
Bay Street Likely To Open On Firm Note

Bay Street Likely To Open On Firm Note

Canadian shares look headed for a firm start Friday morning, tracking higher commodity prices, and on optimism about interest rate cuts from major central banks sooner than later. Data on Canadian employment is also set to make an impact.
RTTNews | 14h 18minuter sedan
United Bankshares To Acquire Piedmont Bancorp In All-stock Deal Of About $267 Mln

United Bankshares To Acquire Piedmont Bancorp In All-stock Deal Of About $267 Mln

United Bankshares, Inc. (UBSI), the parent company of United Bank, and Piedmont Bancorp, Inc., the parent company of The Piedmont Bank, announced Friday they have entered into a definitive merger agreement under which United will acquire 100 percent of the outstanding shares of Piedmont in an all-stock deal valued at about $267 million.
RTTNews | 14h 23minuter sedan

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