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ECB Hikes Rates By 75 Bps, Signals More As Inflation Expected To Stay High
The European Central Bank raised its interest rates by a massive 75 basis points, the biggest hike ever in the single currency bloc's history, and signaled more tightening in the coming months as policymakers try to rein in runaway inflation in a bid to support a slowing economy.
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Před 1078 dny
Canadian Market Up Marginally At Noon; Bank Stocks Post Strong Gains
The Canadian market has come off early highs and is up marginally around noon on Thursday, led by gains in financials, materials, industrials and technology stocks.
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Powell Reiterates Commitment To Aggressively Fighting Inflation
Federal Reserve Chair Jerome Powell reiterated the central bank's commitment to aggressively fighting inflation during remarks at the Cato Institute's 40th Annual Monetary Conference on Thursday. "We need to act now, forthrightly, strongly as we have been doing," Powell said. "And we have to keep at it until the job is done."
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Sunset Farm Foods Recalls Sausage Products
Sunset Farm Foods, Inc. has recalled about 4,480 pounds of chicken and pork smoked sausage products for possible contamination with foreign matter, specifically thin blue plastic material, the U.S. Department of Agriculture's Food Safety and Inspection Service (FSIS) said in a statement.
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U.S. Jobless Claims Unexpectedly Edge Down To Three-Month Low
First-time claims for U.S. unemployment benefits unexpectedly showed a modest decrease in the week ended September 3rd, according to a report released by the Labor Department on Thursday. The report showed initial jobless claims edged down to 222,000, a decrease of 6,000 from the previous week's revised level of 228,000.
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Uber Partners Nuro To Use Their Autonomous Electric Vehicles For Food Deliveries
Ride-hailing firm Uber Technologies, Inc. (UBER) and autonomous vehicle company Nuro, announced a multi-year partnership to use Nuro's autonomous electric vehicles for food deliveries in the United States.
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ReWalk Robotics Appoints Michael Lawless As New CFO
Robotic medical technology firm ReWalk Robotics Ltd. (RWLK) announced Thursday the appointment of Michael Lawless as Chief Financial Officer, effective September 19, 2022.
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more news
QuickLogic Awarded $6.9 Mln Base Contract To Develop Technologies For DoD Requirements
Fabless semiconductor company QuickLogic Corp. (QUIK) announced Thursday it has been awarded a $6.9 million Base Contract, beginning this month, to develop and demonstrate Strategic Radiation Hardened (SRH), high reliability Field Programmable Gate Array (FPGA) technology to support identified and future Department of Defense (DoD) strategic and space system requirements.
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Před 1078 dny
U.S. Weekly Jobless Claims Unexpectedly Edge Down To 222,000
First-time claims for U.S. unemployment benefits unexpectedly showed a modest decrease in the week ended September 3rd, according to a report released by the Labor Department on Thursday.
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Před 1078 dny
FuelCell Energy Q3 Results Top Estimates
Clean energy technology company FuelCell Energy, Inc. (FCEL) on Thursday reported a second-quarter net loss attributable to common stockholders of $30.21 million or $0.08 per share, sharply wider than $12.80 million or $0.04 per share in the prior-year quarter.
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Před 1078 dny
Higher Commodity Prices Pointing To Positive Start On Bay Street
The Canadian market is likely to open higher Thursday morning, tracking firm crude oil and bullion prices.
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Indian Shares Rally On Oil Price Slide
Indian shares posted strong gains on Thursday, as oil extended losses on demand concerns, after having plunged to hit seven-month lows in the U.S. trading session overnight.
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Před 1078 dny
European Shares Mostly Higher As Focus Shifts To ECB, Powell
European stocks rose in cautious trade on Thursday, as investors await the ECB rate decision and an announcement on U.K. Prime Minister Liz Truss's energy bill support package later in the day.
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Před 1078 dny
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