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U.S. Wholesale Inventories Jump Slightly Less Than Expected In June
A report released by the Commerce Department on Wednesday showed a continued surge in U.S. wholesale inventories in the month of June. The Commerce Department said wholesale inventories shot up by 1.8 percent in June after leaping by an upwardly revised 1.9 percent in May.
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Dollar Dips As Fed Rate Hike Expectations Ebb After Soft U.S. Inflation Data
The U.S. dollar lost ground against its major counterparts in the European session on Wednesday, as the nation's consumer inflation slowed more than expected in July, reducing expectations for a 75 basis-point rate hike by the Federal Reserve in September.
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U.S. Consumer Prices Unchanged In July, Annual Growth Slows More Than Expected
With a sharp pullback in gasoline prices offsetting higher prices for food and shelter, the Labor Department released a report on Wednesday showing U.S. consumer prices came in flat in the month of July. The Labor Department said its consumer price index was unchanged in July after jumping by 1.3 percent in June.
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WhatsApp Introducing New Privacy Features
Meta Platforms Inc., the parent of Facebook, Instagram, and WhatsApp, has added three more new privacy features to WhatsApp in its bid to enhance control and privacy on the popular messaging app. These features will give the user more control over their messages with added interlocking layers of protection.
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U.S. Consumer Prices Unexpectedly Unchanged In July
With a sharp pullback in gasoline prices offsetting higher prices for food and shelter, the Labor Department released a report on Wednesday showing U.S. consumer prices came in flat in the month of July.
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Dollar Drops Further Following U.S. CPI
Following the release of U.S. CPI for July at 8.30 am ET Wednesday, the greenback declined further against its major counterparts.
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Dollar Falls Ahead Of U.S. CPI
At 8.30 am ET Wednesday, U.S. CPI for July is set for release. Ahead of the data, the greenback dropped against its major counterparts.
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Nikola Promotes Michael Lohscheller To Succeed Mark Russell As President And CEO
Energy infrastructure firm Nikola Corp. (NKLA) announced Wednesday that Chief Executive Officer and President Mark Russell will retire, effective January 1, 2023. The company has promoted current Nikola Motor President Michael Lohscheller to succeed Russell.
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Bay Street Likely To Open On Cautious Note; U.S. Inflation Data In Focus
Canadian shares are likely to open on a cautious note on Wednesday with investors focusing on U.S. inflation data, which will provide clues on the Fed's next move on interest rates.
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Thai Central Bank Raises Key Rate For First Time Since 2018
The Bank of Thailand raised its key interest rate for the first time in over three-and-a-half years as inflation is expected to remain above the target throughout this year. The Monetary Policy Committee voted 6 to 1 to raise the policy rate by a quarter-point to 0.75 percent, the central bank said on its website.
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Wendy's Co. Boosts FY22 Adj. EPS Outlook; Q2 Adj. EPS Tops Estimates
While reporting financial results for the second quarter on Wednesday, The Wendy's Co. (WEN) raised its adjusted earnings guidance for the full-year 2022, while maintaining annual global systemwide sales growth outlook. The company also declared a quarterly dividend.
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Tetra Bio-Pharma Announces New Positive Preclinical Results Of ARDS-003
Tetra Bio-Pharma Inc. (TBP.TO, TBPMF.OB), a cannabinoid-derived drug discovery firm, announced Wednesday new positive preclinical results from live SARS-CoV-2 virus infection studies as well as a septic lung model, carried out by independent researchers.
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Sensex, Nifty End Little Changed Ahead Of US Inflation Data
Indian shares moved in a narrow range before finishing on a flat note Wednesday.
A cautious undertone prevailed as investors awaited key U.S. inflation data due out later in the day that could offer clues on the Fed's next move on interest rates.
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