Allete Q4 Results Miss Estimates

Allete Q2 Net Profit, Revenues Decline

Energy utility Allete, Inc. (ALE) reported Thursday that net income attributable to ALLETE for the second quarter declined to $33.0 million or $0.57 per share from $51.5 million or $0.90 per share in the prior-year quarter.

RTTNews | 378 days ago

Allete Q3 Earnings Miss Estimates; Maintains FY22 Outlook

Energy utility Allete Inc. (ALE) reported Wednesday that net income attributable to ALLETE for the third quarter grew to $33.7 million or $0.59 per share from $27.6 million or $0.53 per share in the prior-year quarter.

RTTNews | 1009 days ago

U.S. Weekly Jobless Claims Unexpectedly Dip To 224,000

The Labor Department released a report on Thursday unexpectedly showing a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 9th. The report said initial jobless claims dipped to 224,000, a decrease of 3,000 from the previous week's revised level of 227,000.

RTTNews | 20 minutes ago

UK GDP Rises More Than Expected

The UK economy expanded more than expected in the second quarter but the overall growth softened as US frontloading propelled growth at the start of the year. Gross domestic product expanded 0.3 percent in the second quarter largely driven by growth in the service sector, the Office for National Statistics reported Thursday. Although the rate was stronger than the expected growth of 0.1 pe

RTTNews | 1h 1min ago

Bay Street Likely To Open On Mixed Note

Canadian shares are likely to open on a mixed note Thursday morning, reacting to data showing a bigger than expected increase in U.S. producer price index, and mixed batch of earnings data from Canada. Oil prices are up, while metals are exhibiting weakness.

RTTNews | 1h 32min ago

S&P Sees Limited Impact From U.S. Tariffs On Indian Economy, Raises Ratings

S&P Global Ratings upgraded India's sovereign ratings on Thursday citing a buoyant economic growth, enhanced monetary policy conditions and the government's fiscal consolidation commitment, while the higher tariffs from the U.S. administration is estimated to have only limited impact on the economy. India's sovereign credit ratings were raised to 'BBB' from 'BBB-', with a 'stable' outlook.

RTTNews | 1h 36min ago

U.S. Producer Prices Jump Much More Than Expected In July

Producer prices in the U.S. increased by much more than expected in the month of July, the Labor Department revealed in a report released on Thursday.

RTTNews | 1h 47min ago

U.S. Weekly Jobless Claims Unexpectedly Edge Modestly Lower

The Labor Department released a report on Thursday unexpectedly showing a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 9th.

RTTNews | 1h 53min ago

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