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European Stocks Close Lower On Rising Bond Yields, Geopolitical Tensions
European stocks closed lower on Thursday, hurt by the escalation in tensions in the Middle East, and higher bond yields. Investors also digested a mixed batch of corporate results.
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579 days ago
Powell Says Inflation 'Still Too High,' Warns Of Additional Tightening
Federal Reserve Chair Jerome Powell delivered highly anticipated remarks at an Economic Club of New York luncheon on Thursday, arguing that inflation is "still too high" and warning additional monetary policy tightening may be needed.
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579 days ago
U.S. Leading Economic Index Declines More Than Expected In September
A reading on leading U.S. economic indicators fell by more than expected in the month of September, according to a report released by the Conference Board on Thursday. The Conference Board said its leading economic index slid by 0.7 percent in September after falling by a revised 0.5 percent in August.
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579 days ago
U.S. Existing Home Sales Tumble To 13-Year Low In September
A report released by the National Association of Realtors on Thursday showed a notable decrease in U.S. existing home sales in the month of September. Existing home sales decreased for the fourth consecutive month, falling to their lowest level since October 2010.
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579 days ago
Vaxcyte Says FDA OK's IND Application Of VAX-31 For Prevention Of Invasive Pneumococcal Disease
Vaccine maker Vaxcyte, Inc. (PCVX) announced Thursday that the U.S. Food and Drug Administration (FDA) has cleared the Company's adult Investigational New Drug (IND) application for VAX-31, a 31-valent pneumococcal conjugate vaccine (PCV) candidate designed to prevent invasive pneumococcal disease (IPD).
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579 days ago
U.S. Jobless Claims Unexpectedly Dip To Nearly Nine-Month Low
The Labor Department released a report on Thursday showing first-time claims for unemployment benefits in the U.S. unexpectedly declined to a nearly nine-month low in the week ended October 14th. The report said initial jobless claims fell to 198,000, a decrease of 13,000 from the previous week's revised level of 211,000.
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579 days ago
Beam Therapeutics To Streamline Business Operations; To Cut About 20% Jobs
Biotechnology company Beam Therapeutics Inc. (BEAM) announced Thursday their portfolio priorities and plans to streamline its business operations to support potential near-term value drivers and long-term growth.
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579 days ago
more news
Bank Indonesia Lifts Key Rate Unexpectedly
Indonesia's central bank unexpectedly raised its key interest rate by a quarter-point on Thursday in order to curb the fall in the domestic currency rupiah after retaining the policy rate unchanged for eight consecutive sessions. The Board of Governors of Bank Indonesia, led by Governor Perry Warjiyo, decided to lift the seven-day reverse repo rate by 25 basis points to 6.00 percent.
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579 days ago
Philly Fed Index Rises Less Than Expected In October
Philadelphia-area manufacturing activity contracted at a slower rate in the month of October, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday.
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579 days ago
Badger Meter Q3 Results Top Estimates
Water technology firm Badger Meter, Inc. (BMI) reported Thursday that net earnings for the third quarter increased to $25.97 million or $0.88 per share from $17.93 million or $0.61 per share in the prior-year quarter.
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579 days ago
U.S. Weekly Jobless Claims Unexpectedly Dip To 198,000
The Labor Department released a report on Thursday showing an unexpected decrease in initial jobless claims in the U.S. in the week ended October 14th.
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579 days ago
Bay Street Likely To Open Lower
It's likely to be a weak start for Canadian stocks on Thursday as rising bond yields, and escalating tensions in the Middle East are likely to render the mood a bit bearish. With oil prices drifting lower, energy stocks are likely to feel the heat.
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579 days ago
Catalyst Pharma Appoints Richard Daly To Succeed Patrick McEnany As CEO
Biopharmaceutical company Catalyst Pharmaceuticals, Inc. (CPRX) announced Thursday the appointment of Richard Daly as its new Chief Executive Officer, effective January 1, 2024. Daly is a seasoned pharmaceutical executive bringing more than three decades of experience to Catalyst.
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579 days ago
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