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Euro Rises Against Most Majors
The euro firmed against its most major counterparts in the New York session on Thursday.
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U.S. Dollar Declines Amid Higher Jobless Claims
The U.S. dollar fell against its major counterparts in the New York session on Thursday, as weekly jobless claims rose more than expected last week, the highest level since August 2023.
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U.S. Weekly Jobless Claims Climb To Highest Level Since August
First-time claims for U.S. unemployment benefits rose by much more than expected in the week ended May 4th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims climbed to 231,000, an increase of 22,000 from the previous week's revised level of 209,000. Economists had expected jobless claims to inch up to 210,000.
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Bank Of England Moves Closer To Rate Cut
The Bank of England left its key policy rate unchanged for the sixth consecutive meeting and signaled that the first rate cut since 2020 is on the horizon. The Monetary Policy Committee decided to hold the Bank Rate at 5.25 percent again in a split vote. The current bank rate is the highest since early 2008.
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Allegro MicroSystems Q4 Results Top Estimates; Stock Down 11% On Weak Outlook
Allegro MicroSystems, Inc. (ALGM) on Thursday reported a net loss attributable to the company of $7.12 million or $0.04 per share, compared to net income of $61.98 million or $0.32 per share in the prior-year quarter.
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Pound Falls As BoE Keeps Rates Unchanged
The British pound weakened against other major currencies in the late European session on Thursday, after the Bank of England maintained its key policy rate for the sixth consecutive meeting.
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Endeavor Group Slips To Loss In Q1
Endeavor Group Holdings, Inc. (EDR) on Thursday reported a net loss attributable to the company of $137.34 million or $0.46 per share, compared to net income of $8.03 million or $0.03 per share in the prior-year quarter.
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more news
U.S. Weekly Jobless Claims Climb To 231,000
First-time claims for U.S. unemployment benefits rose by much more than expected in the week ended May 4th, according to a report released by the Labor Department on Thursday.
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499 दिनों पहले
Western Union Resumes Money Transfer Service To Cuba
Western Union co. (WU), in coordination with its processing partner Orbit S.A., announced Thursday the resumption of its service from the United States to Cuba, effective immediately.
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Bay Street Likely To Open With Slightly Negative Bias
Canadian shares are likely to open with a slightly negative bias Thursday morning amid rising uncertainty over U.S. interest rate trajectory, and renewed geopolitical tensions. Energy stocks may move up on firm crude oil prices and help limit market's downside.
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Quaker Houghton Appoints Tom Coler To Succeed Shane Hostetter As CFO
Quaker Houghton (KWR) announced Thursday the appointment of Tom Coler as Executive Vice President and Chief Financial Officer effective June 10, 2024. Coler succeeds Shane Hostetter, who has held the role since 2021 and will be leaving the Company to pursue other opportunities. Hostetter will remain at the company through August 4, 2024, to ensure an orderly transition.
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Pound Falls Against Majors
The British pound weakened against other major currencies in the late European session on Thursday.
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US Foods Q1 Results Top Estimates; Reaffirms FY24 Outlook
Foodservice distributor US Foods Holding Corp. (USFD) on Thursday reported first-quarter net income available to common shareholders of $82 million or $0.33 per share, up from $75 million or $0.32 per share in the prior-year quarter.
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