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U.S. Business Inventories Rise Slightly Less Than Expected In December
The Commerce Department released a report on Wednesday showing U.S. business inventories climbed by slightly less than expected in the month of December. The report said business inventories rose by 0.3 percent in December, matching a downwardly revised increase in November.
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U.S. Homebuilder Confidence Improves Much More Than Expected In February
A report released by the National Association of Home Builders on Wednesday showed a much bigger than expected improvement in U.S. homebuilder confidence in the month of February. The report said the NAHB/Wells Fargo Housing Market Index jumped to 42 in February from 35 in January. Economists had expected the index to inch up to 37.
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U.S. Industrial Production Unexpectedly Unchanged In January
With a nosedive by utilities output offsetting notable increases in mining and manufacturing output, the Federal Reserve released a report on Wednesday showing U.S. industrial production was unexpectedly unchanged in month of January.
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New York Manufacturing Index Indicates Notably Slower Contraction In February
A report released by the Federal Reserve Bank of New York on Wednesday showed a significant slowdown in the pace of contraction in regional manufacturing activity in the month of February. The New York Fed said its general business conditions index soared to a negative 5.8 in February from a negative 32.9 in January, although a negative reading still indicates a contraction.
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U.S. Retail Sales Surge 3.0% In January, Much More Than Expected
Retail sales in the U.S. saw a substantial increase in the month of January, according to a report released by the Commerce Department on Wednesday. The report said retail sales spiked by 3.0 percent in January after tumbling by 1.1 percent in December. Economists had expected retail sales to jump by 1.8 percent.
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GoPro Board Authorizes Addl $40 Mln Buyback Of Its Class A Common Stock
GoPro, Inc. (GPRO) announced Wednesday that its board of directors has authorized the company to repurchase an additional $40 million of its Class A common stock.
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New York Manufacturing Index Rebounds More Than Expected In February
A report released by the Federal Reserve Bank of New York on Wednesday showed a significant slowdown in the pace of contraction in regional manufacturing activity in the month of February.
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more news
Spain Inflation Rises To 5.9% Amid Higher Food Costs
Spain's consumer price inflation rose more than initially estimated in January, largely driven by increased food costs, final data from the statistical office INE revealed on Wednesday. The consumer price index climbed to 5.9 percent year-over-year in January, faster than the 5.7 percent gain in December. In the initial estimate, the rate of increase was 5.8 percent.
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U.S. Retail Sales Surge More Than Expected In January
Retail sales in the U.S. saw a substantial increase in the month of January, according to a report released by the Commerce Department on Wednesday.
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Bay Street Likely To Open Lower
Canadian shares are likely to open on a negative note Wednesday morning, tracking lower commodity prices.
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Ryder System Guides FY23 Adj. EPS Above Estimates; Authorizes 2 Mln Share Buyback - Update
While reporting financial results for the fourth quarter on Wednesday, Ryder System, Inc. (R) initiated its earnings, comparable earnings and revenue growth guidance for the full-year 2023. The company also provided financial outlook for the first quarter.
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Biogen Q4 Results Top Estimates
Biotechnology company Biogen Inc. reported Wednesday that profit for the fourth quarter surged 50 percent from last year, reflecting lower expenses despite a 7 percent revenue growth. However, adjusted earnings per share and quarterly revenues topped analysts' expectations. The company also initiated adjusted earnings and revenue growth guidance for the full-year 2023, in line with estimates.
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Eurozone Industrial Output Falls; Trade Deficit Widens
Reflective of weak economic activity towards the end of the year, Eurozone industrial production declined more than expected and the trade deficit widened in December, suggesting that the currency bloc is not far from a recession. Industrial production was down 1.1 percent on a monthly basis in December, in contrast to the 1.4 percent increase in November
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