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Chico's FAS Q1 Results Miss Estimates; Trims FY23 Outlook; Stock Down 8%
Fashion retailer Chico's Fas Inc. (CHS) on Tuesday reported net income for the first quarter of $39.91 million or $0.32 per share, higher than $34.93 million or $0.28 per share in the year-ago quarter.
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Hopes For Fed Pause Pull Down U.S. Dollar
The U.S. dollar weakened against other major currencies in the European session on Tuesday, as weak ISM services activity data for May boosted hopes for a pause in rate hikes at the Fed meeting next week.
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Apple Unveils Vision Pro Headset, IOS 17, 15-inch MacBook Air And More
Apple has unveiled a bunch of new products for its customers including its first spatial computer Vision Pro Headset. The tech major has also introduced iOS 17, 15-inch MacBook Air, iPadOS 17, TvOS 17 For Apple TV, WatchOS 10 For Apple Watch, New Mac Studio, Mac Pro, and M2 Ultra, among others. The Apple Vision Pro features visionOS, the world's first spatial operating system.
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Sensex, Nifty End Choppy Session Marginally Higher
Indian shares fluctuated before finishing marginally higher on Tuesday.
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Eurozone Retail Sales Stagnate In April
Euro area retail sales remained unchanged in April after falling in the previous two months, preliminary data from Eurostat showed Tuesday. Retail sales was unchanged from March, when they fell 0.4 percent from the previous month, which was revised from a 1.2 percent decrease. Economists were looking for a 0.2 percent growth.
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European Shares Slide On Growth, Interest-rate Concerns
European stocks were flat to slightly lower on Tuesday as concerns about inflation and slowing growth weighed on sentiment.
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FTSE 100 Declines As Retail Sales Growth Slows
U.K. stocks declined on Tuesday after data from the British Retail Consortium showed British retail sales growth slowed to a seven-month low in May as a result of rising food costs.
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CAC 40 Subdued On Growth, Inflation Concerns
French stocks were subdued on Tuesday amid worries about the health of the U.S. economy.
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DAX Little Changed As Factory Orders Fall
German stocks were little changed on Tuesday as weak U.S. data released overnight rekindled growth worries.
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Asian Shares Mixed In Cautious Trade
Asian markets turned in a mixed performance on Tuesday as weak U.S. data rekindled growth worries and the Reserve Bank of Australia kept the door open to further tightening after unexpectedly raising its key interest rate.
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Australian Dollar Rises On RBA's Surprise Rate Hike
The Australian dollar strengthened against other major currencies in the Asian session on Tuesday, after the Reserve Bank of Australia unexpectedly raised its key interest rate today saying inflation at 7 percent remains too high, and some further policy tightening may be required in future to bring the price growth rate to target.
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U.S. Dollar Falls Against Majors
The U.S. dollar weakened against other major currencies in the Asian session on Tuesday.
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European Shares Poised For Muted Open
European stocks are seen opening on a muted note Tuesday as weak U.S. data released overnight reinforced hopes that the Federal Reserve may skip an interest-rate hike at the end of a policy meeting next week.
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