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Dollar Down As Soft U.S. Inflation Data Supports Fed Pause Hopes
The U.S. dollar was lower against its most major counterparts in the New York session on Thursday, as the nation's annual inflation rose less than expected in July, reinforcing expectations that the Federal Reserve will leave interest rates unchanged next month.
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vor 657 Tagen
U.S. Consumer Prices Increase 0.2% In July, In Line With Estimates
A highly anticipated report released by the Labor Department on Thursday showed U.S. consumer prices increased in line with economist estimates in the month of July. The Labor Department said its consumer price index rose by 0.2 percent in July, matching the uptick seen in June as well as expectations.
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vor 657 Tagen
U.S. Jobless Claims Climb Much More Than Expected To 248,000
First-time claims for U.S. unemployment benefits rose by much more than expected in the week ended August 5th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims climbed to 248,000, an increase of 21,000 from the previous week's unrevised level of 227,000.
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vor 657 Tagen
Alibaba Q1 Results Top Estimates
Chinese e-commerce giant Alibaba Group Holdings Ltd. (BABA) reported Thursday net income for the first quarter that surged 51 percent from last year, driven revenue growth across all operating segments as well as lower costs and expenses.
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vor 657 Tagen
U.S. Weekly Jobless Claims Climb Much More Than Expected
First-time claims for U.S. unemployment benefits rose by much more than expected in the week ended August 5th, according to a report released by the Labor Department on Thursday.
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vor 657 Tagen
U.S. Consumer Prices Increase In Line With Estimates In July
A highly anticipated report released by the Labor Department on Thursday showed U.S. consumer prices increased in line with economist estimates in the month of July.
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vor 657 Tagen
Canadian Shares Likely To Open Higher
Higher Canadian and U.S. futures and steady bullion prices point to a positive start for Canadian shares on Thursday.
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vor 657 Tagen
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Ralph Lauren Reiterates FY23 Revenue Growth Outlook - Update
While reporting its financial results for the first quarter on Thursday, luxury fashion house Ralph Lauren Corp. (RL) said it expects revenues to be flat to up slightly in constant currency for the second quarter.
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vor 657 Tagen
HanesBrands Slashes FY23 Outlook - Update
While reporting financial results for the second quarter on Thursday, basic apparel maker HanesBrands, Inc. (HBI) provided earnings and net sales guidance for the third quarter, and lowered its earnings and sales forecast for the full-year 2023.
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vor 657 Tagen
Wolverine World Wide Slashes FY23 Outlook; Q2 Adj. EPS Meet Estimates; Stock Down 26% - Update
While reporting financial results for the second quarter on Thursday, Wolverine World Wide, Inc. (WWW) slashed its earnings, adjusted earnings and revenue guidance for the full year 2023.
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vor 657 Tagen
U.S. Dollar Falls Ahead Of Inflation Data
The U.S. dollar dropped against its major counterparts in the European session on Thursday, as investors await U.S. weekly jobless claims data and inflation figures later in the day for clues to Federal Reserve's monetary path.
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vor 657 Tagen
India Central Bank Holds Rates Steady
The Reserve Bank of India left its benchmark interest rates unchanged, as widely expected, while surging food prices forced policymakers to turn hawkish. After the three-day Monetary Policy Committee meeting, RBI Governor Shaktikanta Das on Thursday said policymakers unanimously decided to keep the policy repo rate unchanged at 6.50 percent with preparedness to act, should the situation so warra
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vor 657 Tagen
Sensex, Nifty End Lower Ahead Of US Inflation Data
Indian shares ended lower on Thursday ahead of U.S. CPI data that might offer clues on whether the Fed pauses, pivots or marches upwards with rates.
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vor 657 Tagen
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