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Euro Higher Against Majors
The euro advanced against its major counterparts in the European session on Thursday, as the dollar took a breather after a strong rally.
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U.S. Pending Home Sales Plunge Much More Than Expected In August
A report released by the National Association of Realtors on Thursday showed a much steeper than expected drop in U.S. pending home sales in the month of August. NAR said its pending home sales plunged by 7.1 percent to 71.8 in August after rising by 0.5 percent to a downwardly revised 77.3 in July.
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U.S. Economic Growth Unrevised At 2.1% In Second Quarter
The Commerce Department released a report on Thursday showing the pace of U.S. economic growth in the second quarter of 2023 was unrevised from the previous estimate. The report said real gross domestic product increased by 2.1 percent in the second quarter, unrevised from the estimate provided last month. The unrevised reading matched economist estimates.
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U.S. Weekly Jobless Claims Show Slight Uptick From Seven-Month Low
After reporting first-time claims for U.S. unemployment benefits fell to a seven-month low in the previous week, the Labor Department released a report on Thursday showing a slight increase in initial jobless claims in the week ended September 23rd. The Labor Department said initial jobless claims crept up to 204,000, an increase of 2,000 from the previous week's revised level of 202,000.
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Allegiant Travel CEO John Redmond Resigns
Allegiant Travel Co. (ALGT) announced Thursday that John Redmond has resigned as chief executive officer and as a member of the Board of Directors effective immediately. Maurice Gallagher, former CEO, current executive chairman and one of the Company's largest stockholders, will resume the CEO role.
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German Inflation Weakest Since Early 2022
Germany inflation slowed in September to the lowest since the outbreak of the war in Ukraine, provisional data from Destatis showed on Thursday. The consumer price index registered an annual increase of 4.5 percent in September, following a 6.1 percent rise in August. This was the lowest rate since February 2022, when inflation stood at 4.3 percent.
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Eastman Chemical To Sell Its Texas City Operations To INEOS Acetyls
Eastman Chemical Co. (EMN) announced Thursday it has entered into a definitive agreement to sell its Texas City Operations to INEOS Acetyls, a global manufacturer and supplier of acetic acid and related chemicals owned by the INEOS Group.
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Cognizant Appoints Jatin Dalal To Succeed Jan Siegmund As CFO
Professional services company Cognizant Technology Solutions Corp. (CTSH) announced Thursday the appointment of Jatin Dalal as Chief Financial Officer, with the appointment anticipated to be effective in December 2023.
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U.S. Second Quarter GDP Growth Unrevised At 2.1%
The pace of U.S. economic growth in the second quarter of 2023 was unrevised from the previous estimate, the Commerce Department revealed in a report released by on Thursday.
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Dollar Drops After U.S. GDP Data
U.S. weekly jobless claims for the week ended September 23 and final GDP data for the second quarter have been published at 8.30 am ET Thursday. After these data, the greenback fell against its major counterparts.
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U.S. Weekly Jobless Claims Inch Up Less Than Expected
A report released by the Labor Department on Thursday showed a slight increase in first-time claims for U.S. unemployment benefits in the week ended September 23rd.
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Akebia Therapeutics Resubmits NDA For Vadadustat To FDA
Biopharmaceutical company Akebia Therapeutics, Inc. (AKBA) announced Thursday it has resubmitted its New Drug Application (NDA) to the U.S. Food and Drug Administration (FDA) for vadadustat for the treatment of anemia due to chronic kidney disease (CKD) in adult patients on dialysis.
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Dollar Mixed Ahead Of U.S. GDP Data
U.S. weekly jobless claims for the week ended September 23 and final GDP data for the second quarter are due at 8.30 am ET Thursday. Ahead of these data, the greenback traded mixed against its major counterparts. While it fell against the euro and the pound, it held steady against the yen and the franc.
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