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Swiss Market Ends On Firm Note After Choppy Ride
The Switzerland stock market ended on a firm note on Thursday after a choppy session, with investors largely making cautious moves amid persisting concerns about inflation and rising interest rates.
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European Stocks Closed Mixed After ECB Hikes Rate By 50 Bps
European stocks turned in a mixed performance on Thursday with investors staying largely cautious, reacting to the European Central Bank's first rate hike in 11 years, and amid persisting concerns about slowing growth and rising inflation.
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ECB Delivers Bigger Than Expected 50 Bps Hike, Unveils Crisis Tool
The European Central Bank raised its interest rates for the first time in over a decade on Thursday, by a bigger-than-expected 50 basis points, and unveiled an anti-fragmentation tool called the Transmission Protection Instrument, or TPI.
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U.S. Leading Economic Index Slumps More Than Expected In June
Suggesting U.S. economic growth is likely to slow further in the near-term, the Conference Board released a report on Thursday showing its index of leading economic indicators decreased for the fourth straight month in June.
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Philly Fed Index Unexpectedly Slumps Further Into Negative Territory In July
A report released by the Federal Reserve Bank of Philadelphia on Thursday showed regional manufacturing activity unexpectedly contracted at a faster rate in the month of July. The Philly Fed said its current general activity index slumped to a negative 12.3 in July from a negative 3.3 in June, with a negative reading indicating a contraction in regional manufacturing activity.
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U.S. Jobless Claims Unexpectedly Inch Up Eight-Month High
The Labor Department released a report on Thursday unexpectedly showing another modest increase in first-time claims for U.S. unemployment benefits in the week ended July 16th. The report showed initial jobless claims crept up to 251,000, an increase of 7,000 from the previous week's unrevised level of 244,000.
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AAR Q4 Profit, Sales Rise
AAR Corp. (AIR) on Thursday reported fourth-quarter net income of $23.9 million or $0.66 per share, higher than $14.0 million or $0.39 per share in the prior-year quarter. Excluding items, adjusted earnings for the quarter were $0.72 per share.
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more news
Coca-Cola Names CFO John Murphy To Additional Role Of President
Beverage company Coca-Cola Co. (KO) announced Thursday that John Murphy will become president and chief financial officer, effective October 1. Murphy, who currently serves as executive vice president and CFO, will add the president role following the retirement of Brian Smith.
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Philly Fed Index Unexpectedly Indicates Faster Contraction In July
A report released by the Federal Reserve Bank of Philadelphia on Thursday showed regional manufacturing activity unexpectedly contracted at a faster rate in the month of July.
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U.S. Weekly Jobless Claims Unexpectedly Inch Up To 251,000
The Labor Department released a report on Thursday unexpectedly showing another modest increase in first-time claims for U.S. unemployment benefits in the week ended July 16th.
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Norfolk Southern Raises Conductor Trainee Pay To $25/hour
Transportation company Norfolk Southern Corp. (NSC) announced Thursday that it has increased Conductor Trainee pay to $25 per hour, with a minimum of $200 in earnings per shift. Norfolk Southern conductors are responsible for the safe and efficient movement of freight trains.
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East West Bancorp Declares Q3 Cash Dividend Of $0.40 Per Share
While reporting financial results for the second quarter on Thursday, East West Bancorp (EWBC) announced that its Board of Directors has declared third quarter 2022 cash dividend of $0.40 per share for the Company's common stock, payable on August 15, 2022, to stockholders of record on August 1, 2022.
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Webster Financial Q2 Adj. EPS Tops Estimates
Bank holding company Webster Financial Corp. (WBS) on Thursday reported that second-quarter net income available to common shareholders was $178.15 million or $1.00 per share, compared to $92.07 million or $1.01 per share in the prior-year quarter.
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Před 687 dny
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