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Philly Fed Index Inches Higher In January But Still Indicates Contraction
A report released by the Federal Reserve Bank of Philadelphia on Thursday showed regional manufacturing activity contracted at a slightly slower rate in the month of January. The Philly Fed said its diffusion index for current general activity rose to a negative 10.6 in January from a revised reading of negative 12.8 in December. A negative reading still indicates a contraction.
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610 days ago
U.S. Housing Starts Pull Back Sharply In December But Building Permits Jump
After reporting a sharp increase in new residential construction in the U.S. in the previous month, the Commerce Department released a report on Thursday showing a notable pullback by housing starts in the month of December. The Commerce Department said housing starts slumped by 4.3 percent to an annual rate of 1.460 million in December.
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610 days ago
U.S. Jobless Claims Unexpectedly Drop To Lowest Since September 2022
The Labor Department released a report on Thursday showing an unexpected decrease in first-time claims for U.S. unemployment benefits in the week ended January 13th. The report said initial jobless claims fell to 187,000 from the previous week's revised level of 203,000. With the decline, jobless claims dropped to their lowest level since hitting 182,000 in the week ended September 24, 2022.
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610 days ago
Adial Pharmaceuticals Names Director Tony Goodman As Chief Operating Officer
Adial Pharmaceuticals, Inc. (ADIL, ADILW) announced Thursday the appointment of Tony Goodman as Chief Operating Officer.
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610 days ago
Philly Fed Index Indicates Slightly Slower Contraction In January
A report released by the Federal Reserve Bank of Philadelphia on Thursday showed regional manufacturing activity contracted at a slightly slower rate in the month of January.
RTTNews
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610 days ago
U.S. Housing Starts Slump 4.3% In December
After reporting a sharp increase in new residential construction in the U.S. in the previous month, the Commerce Department released a report on Thursday showing a notable pullback by housing starts in the month of December.
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610 days ago
U.S. Weekly Jobless Claims Unexpectedly Drop To 187,000
The Labor Department released a report on Thursday showing an unexpected decrease in first-time claims for U.S. unemployment benefits in the week ended January 13th.
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610 days ago
more news
Bay Street Likely To See Positive Start
Canadian shares may open higher Thursday morning as traders are likely to look for some bargain hunting after recent losses. Positive lead from European markets and higher bullion prices are also likely to help underpin sentiment.
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610 days ago
TD Bank Expects Gain Of C$141 Mln In Q1 From Charles Schwab's Q4 Earnings
TD Bank Group (TD, TD.TO) announced Thursday that it expects The Charles Schwab Corp's (SCHW) fourth quarter earnings to translate into approximately C$141 million of reported equity in net income of an investment in Schwab for the Bank's fiscal 2024 first quarter.
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610 days ago
Nuvve Announces 1-for-40 Reverse Common Stock Split
Green energy technology company Nuvve Holding Corp. (NVVE) announced Thursday that it will effect a 1-for-40 reverse stock split of its common stock, to be effective as of 5:00 p.m. Eastern Time on Friday, January 19, 2024.
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610 days ago
TSMC Q4 Profit Drops, Revenues Flat, But Stock Up In Pre-market
Taiwan Semiconductor Manufacturing Co. Ltd. or TSMC reported Thursday that its fourth-quarter profit declined from last year, while revenue was essentially flat. The earnings and top line were better than market expectations. Sequentially, profit and revenues increased from last year. Looking ahead for the first quarter, the company projects sequentially lower revenues.
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610 days ago
Sheryl Sandberg To Leave Meta Board
Sheryl Sandberg, former Chief Operating Officer of Facebook parent Meta Platforms, Inc., announced her decision to leave the tech major's Board of Directors after being 12 years in the post. In a Facebook post on Wednesday, Sandberg, 54, said she will not stand for re-election to the Board after her term ends in May. Going forward, she plans to serve as an advisor to the company.
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610 days ago
Sensex, Nifty End Off Day's Lows
Indian shares cut early losses to end modestly lower on Thursday.
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610 days ago
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