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European Markets Close Weak On Rate Uncertainty, Growth Concerns
European stocks closed broadly lower on Thursday, weighed down by concerns about Trump administration's trade policy, and uncertainty about the outlook for Federal Reserve's interest rates. Investors digested regional data, and the latest batch of economic data from the U.S.
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Canadian Market Recovers From Early Setback, Down Just Marginally
Canadian stocks are down in negative territory on Thursday, extending weakness to a third straight session, amid uncertainty about the outlook for U.S. interest rates following data showing stronger than expected U.S. GDP growth in the second quarter.
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U.S. Existing Home Sales Dip Much Less Than Expected In August
Existing home sales in the U.S. saw a modest pullback in the month of August, according to a report released by the National Association of Realtors on Thursday. NAR said existing home sales dipped by 0.2 percent to an annual rate of 4.00 million in August after jumping by 2.0 percent to an annual rate of 4.01 million in July. Economists had expected existing home sales to slump by 1.3 percent.
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U.S. GDP Surges 3.8% In Q2, Much More Than Previously Estimated
Revised data released by the Commerce Department on Thursday showed the U.S. economy unexpectedly grew by much more than previously estimated in the second quarter of 2025. The report said real gross domestic product spiked by 3.8 percent in the second quarter compared to the previously reported 3.3 percent surge. Economists had expected the pace of GDP growth to be unrevised.
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U.S. Durable Goods Orders Unexpectedly Rebound In August
After reporting a sharp pullback by new orders for U.S. manufactured durable goods over the two previous months, the Commerce Department released a report on Thursday unexpectedly showing a significant rebound by durable goods orders in the month of August. The Commerce Department said durable goods orders shot up by 2.9 percent in August after tumbling by a revised 2.7 percent in July.
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Starbucks To Close Coffeehouses, Cut 900 Jobs In $1 Bln Restructuring
As part of its "Back to Starbucks" strategy, Coffee giant Starbucks Corp. Thursday announced a $1 billion restructuring plan involving the closure of select coffeehouses and around 900 job cuts. In a filing with the U.S. Securities and Exchange Commission, the company said it estimates the $1 billion restructuring charges to be related to the store closures, support organization transformation,
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1 day ago
U.S. Weekly Jobless Claims Unexpectedly Decrease To Two-Month Low
A report released by the Labor Department on Thursday unexpectedly showed an extended pullback by first-time claims for U.S. unemployment benefits in the week ended September 20th. The Labor Department said initial jobless claims fell to 218,000, a decrease of 14,000 from the previous week's revised level of 232,000. Economists had expected jobless claims to inch up to 235,000.
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more news
Swiss National Bank Pauses Policy Easing
The Swiss National Bank left its policy rate unchanged after easing for six straight meetings as higher US trade tariff dampened the economic outlook amid weak inflation.
The SNB retained its policy rate unchanged at zero percent, as widely expected. Banks' sight deposits held at the SNB will be remunerated at the SNB policy rate up to a certain threshold.
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1 day ago
U.S. GDP Surges Much More Than Previously Estimated In Q2
Revised data released by the Commerce Department on Thursday showed the U.S. economy unexpectedly grew by much more than previously estimated in the second quarter of 2025.
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1 day ago
U.S. Durable Goods Orders Unexpectedly Surge 2.9% In August
After reporting a sharp pullback by new orders for U.S. manufactured durable goods over the two previous months, the Commerce Department released a report on Thursday unexpectedly showing a significant rebound by durable goods orders in the month of August.
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1 day ago
U.S. Weekly Jobless Claims Unexpectedly Decrease
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits unexpectedly declined in the week ended September 20th.
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1 day ago
Bay Street Likely To Open On Mixed Note
Canadian shares are likely to see a mixed start Thursday morning, with investors tracking the trend in the commodities market and a slew of U.S. economic data, including reports on second quarter GDP and Personal Consumption & Expenditure.
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Eurozone Bank Lending Growth Rises In August
Lending to Eurozone households and non-financial corporates grew at a faster pace in August as declining interest rates supported demand, data from the European Central Bank showed Thursday. Annual growth in adjusted loans to households rose to 2.5 percent from 2.4 percent in July. This was the strongest growth since March 2023.
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1 day ago
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