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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

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

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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Spain Inflation Rises To 5.9% Amid Higher Food Costs

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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Bay Street Likely To Open Lower

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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Biogen Q4 Results Top Estimates

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

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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Caleres Boosts FY22 Outlook

Caleres Boosts FY22 Outlook

While reporting preliminary results for the fourth quarter on Wednesday, footwear brand Caleres Inc. (CAL) raised its adjusted earnings and sales growth guidance for the full-year 2022, based on a stronger-than-anticipated holiday performance and continued robust demand for its lead brands.
RTTNews | Před 932 dny

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