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U.S. Wholesale Inventories Dip Slightly More Than Expected In July
A report released by the Commerce Department on Friday showed a modest decrease by U.S. wholesale inventories in the month of July. The Commerce Department said wholesale inventories dipped by 0.2 percent in July after falling by a revised 0.7 percent in June.
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644 days ago
Nasdaq Says SEC Approves Launch Of First Exchange AI-Powered Order Type
Nasdaq, Inc. (NDAQ) announced Friday it has received SEC approval to launch Dynamic Midpoint Extended Life Order (M-ELO), the first exchange Artificial Intelligence (AI) powered order type.
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644 days ago
Goldman Sachs Plans Further Job Cuts For Underperformers: FT
Goldman Sachs is planning a new round of job cuts for underperforming employees, Financial Times reported citing people familiar with the matter. The planned cut is said to be under its annual strategic resource allocation scheme and is likely to impact 1 percent to 5 percent of the total workforce, mostly at the lower end of the range.
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644 days ago
Kroger Reaffirms FY23 Outlook - Update
While reporting financial results for the second quarter on Friday, supermarket chain Kroger Co. (KR) reaffirmed its adjusted earnings and identical sales outlook for the full-year 2023. Identical sales growth for the second quarter, without fuel, increased 1.0 percent, with underlying growth of 2.6 percent.
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644 days ago
Bay Street Likely To Open On Mixed Note
Canadian shares are likely to see a mixed start Friday morning, tracking slightly higher commodity prices and weak Asian and European markets.
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644 days ago
Japanese Yen Lower Against Majors
The Japanese yen fell against its major counterparts in the European session on Friday, as the economy expanded less than initially estimated in the second quarter, supporting expectations that the Bank of Japan will maintain ultra-loose monetary policy for the time being.
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644 days ago
Sensex, Nifty Extend Winning Run
Indian shares extended their winning run to a sixth consecutive session on Friday despite weak cues from global markets.
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644 days ago
more news
French Industrial Production Recovers In July
France's industrial production rose in July, led by a rebound in manufacturing, preliminary data from the statistical office INSEE showed Friday, though the momentum is unlikely to be sustained in the coming months amid weakening demand globally and high interest rates.
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644 days ago
European Shares Extend Losses As Growth, Rate Worries Weigh
European stocks traded lower on Friday to extend recent losses amid concerns over increasing Sino-U.S. tensions, slowing global growth and uncertainty over the path of U.S. monetary policy.
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644 days ago
FTSE 100 Gives Up Early Gains
U.K. stocks drifted lower on Friday, giving up early gains on lingering worries about inflation and interest rates.
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644 days ago
CAC 40 Edges Lower Amid Fed Rate Hike Uncertainty
French stocks fell on Friday, with concerns over increasing Sino-U.S. tensions, slowing global growth and uncertainty over the path of U.S. monetary policy keeping investors nervous.
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644 days ago
Walmart Cuts Starting Pay For Some Entry-level Store Workers
Walmart has trimmed the starting pay for certain newly hired employees who prepare online orders and stock shelves, reports said. The move by the retail behemoth, amid rising labor costs, is said to be aimed at efforts to improve staffing. Starting wages were reduced in July for newly joining personal shoppers and stockers who help prepare orders for curbside pickup or delivery.
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644 days ago
DAX Slips After Inflation Data
German stocks traded lower on Friday after data showed inflation slowed marginally in August as estimated but the rate remained elevated due to the increases in energy and food prices.
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644 days ago
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