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U.S. Weekly Jobless Claims Climb Much More Than Expected
First-time claims for U.S. unemployment benefits increased by much more than expected in the week ended June 3rd, according to a report released by the Labor Department on Thursday.
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RBI Keeps Repo Rate Unchanged As Inflation Moderates
The Reserve Bank of India decided to leave its benchmark interest rates unchanged for the second straight meeting on Thursday as inflation moderated further and previous rate hikes are set to keep inflationary pressures contained over months ahead. The six-member Monetary Policy Committee, led by the RBI Governor Shaktikanta Das, unanimously voted to hold the repo rate at 6.50 percent, as widely
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FTSE 100 Edges Lower Amidst Monetary Policy Concerns
FTSE 100 of the London Stock Exchange edged lower, unlike its European peers, as world markets brace for the monetary policy decisions by the Federal Reserve, the ECB and the Bank of England over the coming weeks.
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Perrigo Appoints Patrick Lockwood-Taylor As President And CEO
Pharma company Perrigo Company plc (PRGO) announced Thursday the appointment of industry professional Patrick Lockwood-Taylor as its new President, Chief Executive Officer and member of the Board of Directors, effective June 30, 2023.
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Rocket Pharma Says FDA Grants Fast Track And Orphan Drug Designations For RP-A601 Gene Therapy
Biotechnology company Rocket Pharmaceuticals, Inc. (RCKT) announced Thursday that the U.S. Food and Drug Administration (FDA) has granted Fast Track and Orphan Drug designations to RP-A601, the Company's gene therapy candidate for the treatment of plakophilin-2 related arrhythmogenic cardiomyopathy (PKP2-ACM).
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Designer Brands Slashes FY23 Outlook As Q1 Results Miss Estimates
Fashion retailer Designer Brands Inc. (DBI) reported on Thursday that net income attributable to the company for the first quarter more than halved to $11.42 million or $0.17 per share from $26.18 million or $0.34 per share in the prior-year quarter.
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Graham Guides FY24 Revenue Above Estimates - Update
While reporting financial results for the fourth quarter on Thursday, Graham Corp. (GHM) initiated its revenue guidance for the full-year 2024.
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CAC-40 Rises Amidst Cautious Optimism
The CAC-40 traded with mild gains on Thursday amidst hopes of a pause by the Federal Reserve and fears of a hawkish stance by the European Central Bank.
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European Shares Mixed Amid Rate-hike Concerns
European markets were trading mixed on Thursday amid investor concerns about rising interest rates and slowing economic growth after the Bank of Canada's unexpected rate hike, ahead of key monetary policy reviews next week. The pan European STOXX 600 was down 0.07 percent at 460.46 after slipping 0.19 percent on Wednesday.
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DAX Edges Higher Amidst Recession Worries
The DAX benchmark of the Frankfurt bourse edged higher on Thursday amidst renewed recession worries, after data showed the first quarter Euro Area GDP declining 0.1 percent.
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Asian Stocks Weighed Down By Rate Hike Fears
Asian markets finished trading on a mixed note amidst anxiety surrounding hawkish monetary policy and hopes of a stimulus in China. Concerns about rising interest rates and slowing economic growth dominated market sentiment.
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GameStop Names Ryan Cohen Exe. Chair, Fires CEO Matthew Furlong
GameStop Corp. Wednesday disclosed that its Board of Directors has elected Chairman Ryan Cohen as Executive Chairman, effective immediately. In a filing with the U.S. Securities and Exchange Commission, the video game retailer said its Board on June 5 terminated Matthew Furlong as President and Chief Executive Officer with immediate effect.
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Monetary Policy Anxiety Seen Weakening European Markets
Markets in Europe are expected to open on a weak note on Thursday ahead of key monetary policy reviews in the next week. Bank of Canada's unexpected rate hike on Wednesday reignited rate hike fears. Caution also prevails ahead of the CPI data due from the U.S. next week.
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