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Canadian Market Up Firmly In Positive Territory; Materials Shares Rally
The Canadian market is up firmly in positive territory around noon on Thursday, led by gains in energy and materials shares.
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Před 721 dny
U.S. Dollar Falls On Fed Pause Hopes
The U.S. dollar was lower against its major counterparts in the European session on Thursday, as dovish comments from Fed officials renewed hopes of a pause in interest rate hikes this month.
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Před 721 dny
U.S. Construction Spending Jumps Much More Than Expected In April
Construction spending in U.S. jumped by much more than expected in the month of April, according to a report released by the Commerce Department on Thursday. The Commerce Department said construction spending surged by 1.2 percent to an annual rate of $1.908 trillion in April after rising by 0.3 percent to a revised rate of $1.885 trillion in March.
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Před 721 dny
U.S. Manufacturing Index Indicates Slightly Faster Contraction In May
The Institute for Supply Management released a report on Thursday showing U.S. manufacturing activity contracted at a slightly faster rate in the month of May. The ISM said its manufacturing PMI slipped to 46.9 in May from 47.1 in April, with a reading below 50 indicating a contraction. Economists had expected the index to edge down to 47.0.
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Před 721 dny
Eurozone Inflation Slows To 15-Month Low; Lagarde Signals More Hikes
Confirming the downward trend, Eurozone inflation eased sharply to a 15-month low in May and core inflation slowed for the second month, but the European Central Bank President Christine Lagarde said more monetary policy tightening is needed. Inflation eased to 6.1 percent in May from 7.0 percent in April, flash data from Eurostat showed on Thursday. The rate was forecast to slow to 6.3 percent.
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Před 721 dny
U.S. Private Sector Job Growth Far Exceeds Estimates In May
Private sector employment in the U.S. jumped by much more than expected in the month of May, according to a report released by payroll processor ADP on Thursday. The report said private sector employment shot up by 278,000 jobs in May after surging by a revised 291,000 jobs in April.
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Před 721 dny
U.S. Weekly Jobless Claims Inch Up Slightly Less Than Expected
With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday showing a slight increase in first-time claims for U.S. unemployment benefits in the week ended May 27th.
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Před 721 dny
more news
Hyundai Motor America May Total Sales Up 18%
Hyundai Motor America reported Thursday that it sold a total of 70,001 units in the month of May, up 18 percent from last year's 59,432 units, driven by new May retail and total sales records for Elantra HEV, Elantra N, IONIQ 5, Santa Fe HEV, Tucson HEV, Tucson PHEV and Santa Cruz.
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Před 721 dny
Macy's, Dollar General Q1 Profits Decline
Retailers Macy's, Inc. (M) and Dollar General Corp. (DG) reported on Thursday that net profits for the first quarter declined from last year, with Macy's topping estimates, while Dollar General missed it. Net sales at both retailers missed expectations. Both Macy's and Dollar General also slashed their guidance for the full-year 2023.
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Před 721 dny
Eurozone Factory Activity Shrinks On Falling Production, Orders
Euro area manufacturing activity contracted for the second straight month in May on falling production and new orders but firms continued to take additional staff, the purchasing managers' survey results showed. Despite the deteriorating economic conditions, Eurostat data showed that the unemployment rate in the currency-bloc fell to a record low in April.
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Před 721 dny
FDA Warns Retailers Against Illegal Sales Of Disposable E-cigarettes
The U.S. Food and Drug Administration has warned certain retailers against unauthorized sales of popular disposable e-cigarettes, mainly various types of Puff and Hyde brand e-cigarettes. Under the retailer inspection blitz, warning letters have been issued to 30 retailers, including one distributor, for illegally selling such products. All products cited in the warning letters are disposable
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Před 722 dny
UK Manufacturing Downturn Deepens In May
The British manufacturing downturn worsened in May, as output, new orders and employment all fell at faster rates amid headwinds of weak domestic and foreign market conditions and client de-stocking, survey results from S&P Global revealed Thursday.
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Před 722 dny
U.S. Weekly Jobless Claims Inch Up To 232,000
With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday showing a slight increase in first-time claims for U.S. unemployment benefits in the week ended May 27th.
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Před 722 dny
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