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U.S. Business Inventories Rise In Line With Estimates In May
The Commerce Department released a report on Tuesday showing another modest increase in U.S. business inventories in the month of May. The report said business inventories rose by 0.2 percent in May after inching up by a downwardly revised 0.1 percent in April.
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U.S. Industrial Production Unexpectedly Falls Amid Continued Slump In Utilities Output
Industrial production in the U.S. unexpectedly saw further downside in the month of June, according to a report released by the Federal Reserve on Tuesday. The Fed said industrial production slid by 0.5 percent in June, matching the downwardly revised decrease in May. Economists had expected production to come in unchanged.
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U.S. Retail Sales Rise 0.2% In June, Much Less Than Expected
A report released by the Commerce Department on Tuesday showed retail sales in the U.S. increased by much less than expected in the month of June. The Commerce Department said retail sales edged up by 0.2 percent in June after climbing by an upwardly revised 0.5 percent in May.
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Roper Technologies' DAT Reaches Amicable Settlement With Convoy On Pending Litigation
DAT Freight & Analytics, a wholly owned subsidiary of Roper Technologies, Inc. (ROP), and digital freight network Convoy, announced Tuesday an amicable settlement of pending legal action between DAT and Convoy.
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FTSE 100 Cautious Ahead Of Inflation Update
FTSE 100 of the London Stock Exchange edged lower amidst anxiety ahead of release of inflation data for the month of June on Wednesday. Consumer Price Inflation in the U.K. is seen falling to 8.2 percent, from 8.7 percent in the previous month.
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U.S. Retail Sales Rise Less Than Expected In June
A report released by the Commerce Department on Tuesday showed retail sales in the U.S. increased by much less than expected in the month of June.
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Morgan Stanley Q2 Profit Down, Yet Tops View
Financial services firm Morgan Stanley reported Tuesday weak profit in its second quarter, despite increased revenues in a challenging market environment. Earnings per share and topline, however, beat market estimates. In the quarter, Institutional Securities net revenues declined, reflecting continued muted activity in Investment Banking and declines in Equity and Fixed Income.
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Cracker Barrel Appoints Julie Felss Masino To Succeed Sandra Cochran As President And CEO
The Board of Directors of Cracker Barrel Old Country Store, Inc. (CBRL) announced Tuesday that Julie Felss Masino will succeed Sandra Cochran as the Company's next President and Chief Executive Officer.
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Euro Weakens On Easing Rate Hike Concerns
The euro was lower on Tuesday, as comments from European Central Bank officials raised hopes that the central bank is nearing the end of the rate-hiking cycle.
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CAC-40 Rises Amidst Cautious Trade
The CAC-40 edged higher on Tuesday as investors cautiously focus on the earnings season. Growth outlook on China continued to sway sentiment especially for luxury businesses with exposure to China.
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Bay Street Seen Opening On Mixed Note; Inflation Data In Focus
Canadian shares are likely to open on a mixed note on Tuesday, with investors reacting to Canadian inflation data and tracking European stocks and commodity prices.
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Lockheed Martin Boosts FY23 Outlook - Update
While reporting financial results for the second quarter on Tuesday, security and aerospace company Lockheed Martin Corp. (LMT) raised its earnings and net sales guidance for the full-year 2023.
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DAX Hesitant As Earnings Updates Trickle In
The DAX benchmark of the Frankfurt bourse edged lower on Tuesday as markets wait for the onset of the earnings season. Market sentiment remains cautious ahead of interest rate decisions by the Federal Reserve and ECB next week. Less-than-expected GDP readings from China also swayed sentiment for the oil and metals stocks.
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