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U.S. Mortgage Applications Surged 3.3% Last Week

A report released by the Mortgage Bankers Association on Wednesday showed a significant increase in U.S. mortgage applications in the week ended April 12th.

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Apple Considering Production In Indonesia

Tech giant Apple Inc. is considering the possibility of manufacturing its devices Indonesia, reports said citing Chief Executive Tim Cook. During a meeting with Indonesian President Joko Widodo in Jakarta on Wednesday, Cook said the iPhone maker will look into the feasibility of local manufacturing. Both of them discussed possible investment in the country, among other matters.

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Prologis Trims FY24 Outlook - Update

While reporting its financial results for the first quarter on Wednesday, logistics real estate firm Prologis Inc. (PLD) trimmed its net earnings and core funds from operations outlook for the full-year 2024.

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U.S. Bancorp Q1 Results Top Estimates

U.S. Bancorp (USB) reported Wednesday that net income attributable to U.S. Bancorp for the first quarter declined to $1.32 billion or $0.78 per share from $1.70 billion or $1.04 per share in the prior-year quarter.

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ASML Stock Dips On Weak Q1 Results, Bookings

Shares of ASML Holding N.V. were losing around 4 percent in the morning trading in Amsterdam as well as in pre-market activity on the Nasdaq Stock Exchange after the Dutch semiconductor equipment maker reported Wednesday weakness in first-quarter profit, sales and bookings. Further, the company lifted its annual dividend, issued second-quarter outlook, and maintained its fiscal 2024 outlook, expec

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Six Southern Governors Warn Against UAW's Unionization Campaign

U.S. Governors of six Southern states have warned against United Auto Workers or UAW's unionization campaign for workers of major automakers, citing threat for the jobs and the values they live by. In a joint statement, the governors of Alabama, Georgia, Mississippi, South Carolina, Tennessee and Texas said they are highly concerned about the unionization campaign driven by misinformation...

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UK Inflation Slows Less Than Forecast

UK consumer price inflation softened less than expected in March but hit the lowest in two-and-a-half years on food prices, adding uncertainty to the timing of the first interest rate cut from the Bank of England. Inflation weakened to 3.2 percent in March from 3.4 percent in February, the Office for National Statistics reported Wednesday.

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Pound Rebounds On More-than-expected U.K. Inflation Data

The British pound rebounded from early lows against other major currencies in the European session on Wednesday, after data showed that the nation's Consumer Price Index for March grew more than what economists had expected, making it likely to push back market expectations of an early rate cut.

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