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U.S. Labor Productivity Surges 3.0% In Q4, More Than Expected
A report released by the Labor Department on Thursday showed U.S. labor productivity surged by more than expected in the fourth quarter of 2022. The Labor Department said labor productivity spiked by 3.0 percent in the fourth quarter after jumping by an upwardly revised 1.4 percent in the third quarter.
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vor 961 Tagen
U.S. Jobless Claims Unexpectedly Show Another Modest Decrease
The Labor Department released a report on Thursday unexpectedly showing another modest decrease by first-time claims for U.S. unemployment benefits in the week ended January 28th. The report said initial jobless claims edged down to 183,000, a decrease of 3,000 from the previous week's unrevised level of 186,000.
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vor 961 Tagen
ECB Delivers 50 Bps Hike, Signals Repeat In March
The European Central Bank raised its key interest rates by 50 basis points on Thursday, in line with expectations, and signaled that policymakers plan to repeat the move in March, when they will evaluate the future path of policy rates. The Governing Council, led by ECB President Christine Lagarde, had slowed the pace of interest rate hikes to 50 basis points from 75 basis points in December.
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vor 961 Tagen
U.S. Labor Productivity Surges More Than Expected In Q4
A report released by the Labor Department on Thursday showed U.S. labor productivity surged by more than expected in the fourth quarter of 2022.
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vor 961 Tagen
Pound Drops As BoE Signals Peak In Inflation
The pound fell against its major counterparts in the European session on Thursday, as the Bank of England lifted its key rate as expected, but indicated that inflation had probably peaked.
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vor 961 Tagen
U.S. Weekly Jobless Claims Unexpectedly Edge Down To 183,000
The Labor Department released a report on Thursday unexpectedly showing another modest decrease by first-time claims for U.S. unemployment benefits in the week ended January 28th.
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vor 961 Tagen
INOVIO Pharma Announces Positive Results From Phase 1b Clinical Trial Evaluating INO-4201
Biotechnology company INOVIO Pharmaceuticals, Inc. (INO) announced Thursday positive results from a Phase 1b clinical trial evaluating INO-4201, a DNA vaccine candidate, as a booster in healthy adult participants who previously received a single injection of Ervebo.
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vor 961 Tagen
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Estee Lauder Slashes FY23 Earnings Outlook - Update
While reporting financial results for the second quarter on Thursday, Estee Lauder Cos., Inc. (EL) slashed its earnings and adjusted earnings guidance for the full-year 2023 and provided outlook for the third quarter, well below estimates.
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vor 961 Tagen
Material Shortages In German Factories Ease In January : Ifo
German manufacturing companies reported an ease in material shortages at the start of the year, but the decline may not be strong enough to cope with the expected winter recession, survey results from the Munich-based ifo Institute showed on Thursday. In January, 48.4 percent of German manufacturing companies witnessed material shortages compared to 50.7 percent in December.
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vor 961 Tagen
Bay Street Likely To Open On Positive Note
Canadian shares look headed for a positive start Thursday morning, tracking higher bullion prices, and dovish comments from the Federal Reserve.
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vor 961 Tagen
Ferrari Q4 Net Profit Rises 3%; Initiates FY23 Outlook
Italian luxury sports carmaker Ferrari N.V. (RACE) reported Thursday that its net profit for the fourth quarter increased to 221 million euros or 1.21 euros per share from 214 million euros or 1.16 euros per share in the prior-year quarter.
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vor 961 Tagen
Bristol-Myers Squibb Guides FY23 Adj. EPS In Line; Q4 Results Top Estimates
While reporting financial results for the fourth quarter on Thursday, biopharmaceutical company Bristol-Myers Squibb Co. (BMY) provided earnings, adjusted earnings and revenue guidance for the full-year 2023.
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vor 961 Tagen
Swiss Consumer Confidence Improves Sharply On Stronger Expectations
Consumer sentiment in Switzerland sharply improved in the January quarter to top economists' expectations, driven by significantly less pessimism among households' regarding their own and the national economic situation in the coming months, survey data from the State Secretariat For Economic Affairs, or SECO, showed Thursday. The consumer confidence index climbed to -30 from -47 in the October.
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vor 961 Tagen
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