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U.S. GDP Grows Less Than Previously Estimated In Q2

Revised data released by the Commerce Department on Wednesday showed the U.S. economy grew by less than previously estimated in the second quarter. The report said the increase in gross domestic product in the second quarter was downwardly revised to 2.1 percent from the previously reported 2.4 percent. Economists had expected the pace of GDP growth to be unrevised.
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U.S. Private Sector Job Growth Slows More Than Expected In August

U.S. Private Sector Job Growth Slows More Than Expected In August

Private sector employment in the U.S. increased by slightly less than expected in the month of August, according to a report released by payroll processor ADP on Wednesday. ADP said private sector employment climbed by 177,000 jobs in August after surging by an upwardly revised 371,000 jobs in July.
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German Inflation At 17-Month Low

German Inflation At 17-Month Low

Germany's consumer price inflation slowed slightly to a 17-month low in August on slowing food price growth, flash data from Destatis revealed on Wednesday. Consumer prices posted an annual increase of 6.1 percent in August after rising 6.2 percent in July. This was the lowest rate since March 2022. Prices were forecast to gain 6.0 percent.
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UK Mortgage Approvals Hit 5-Month Low

UK Mortgage Approvals Hit 5-Month Low

UK mortgage approvals declined more than expected to a five-month low in July as higher interest rates act as a drag on the housing market, data from the Bank of England revealed on Wednesday. Approvals for house purchases, an indicator of future borrowing, declined to 49,444 in July from 54,605 in June. That was below economists' forecast of 51,000.
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REX American Resources Q2 Profit Declines

REX American Resources Q2 Profit Declines

REX American Resources Corp. (REX) on Wednesday reported that second-quarter net income attributable to REX common shareholders declined to $9.06 million or $0.52 per share from $11.17 million or $0.63 per share in the prior-year quarter.
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Eurozone Economic Confidence Weakest Since Late 2020

Eurozone Economic Confidence Weakest Since Late 2020

Euro area economic sentiment reached its lowest level since late 2020 due to weaker confidence among consumers, services, retail trade and construction managers, monthly survey data from European Commission showed on Wednesday. The economic sentiment index declined more-than-expected to 93.3 from 94.5 a month ago.
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Patterson Reaffirms FY24 Outlook - Update

Patterson Reaffirms FY24 Outlook - Update

While reporting financial results for the first quarter on Wednesday, medical supplies company Patterson Companies Inc. (PDCO) reaffirmed its earnings and adjusted earnings guidance for the full-year 2024.
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Johnson & Johnson Trims FY23 Earnings, Net Sales Outlook

Johnson & Johnson Trims FY23 Earnings, Net Sales Outlook

Healthcare company Johnson & Johnson (JNJ) on Wednesday updated its first-half financials and fiscal 2023 guidance which reflect its continuing operations as a company focused on transformational innovation in Pharmaceutical and MedTech, following the separation of Kenvue Inc., formerly Johnson & Johnson's Consumer Health business.
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Pound Strengthening Against Majors

Pound Strengthening Against Majors

The pound was higher against its major counterparts in the European session on Wednesday amid improved risk sentiment, as soft U.S. data released overnight spurred hopes that the Federal Reserve is done with its monetary tightening.
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