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Philly Fed Index Indicates Continued Contraction In June

The Federal Reserve Bank of Philadelphia released a report on Thursday showing regional manufacturing activity contracted at a modestly faster rate in the month of June. The Philly Fed said its diffusion index for current activity fell to a negative 13.7 in June from a negative 10.4 in May, with a negative reading indicating contraction.
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New York Manufacturing Index Indicates Significant Turnaround In June

New York Manufacturing Index Indicates Significant Turnaround In June

A report released by the Federal Reserve Bank of New York on Thursday showed a significant turnaround in regional manufacturing activity in the month of June. The New York Fed said its general business conditions index soared to a positive 6.6 in June from a negative 31.8 in May, with a positive reading indicating growth.
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U.S. Import Prices Decrease 0.6% May, Much More Than Expected

U.S. Import Prices Decrease 0.6% May, Much More Than Expected

Import prices in the U.S. fell by much more than expected in the month of May, according to a report released by the Labor Department on Thursday. The Labor Department said import prices slid by 0.6 percent in May after rising by a downwardly revised 0.3 percent in April.
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U.S. Jobless Claims Unexpectedly Hold At Highest Level Since October 2021

U.S. Jobless Claims Unexpectedly Hold At Highest Level Since October 2021

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits were unexpectedly flat in the week ended June 10th. The Labor Department said initial jobless claims came in at 262,000, unchanged from the previous week's revised level.
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ECB Hikes Rates By 25 Bps, More Tightening Likely As Inflation Seen 'Too High'

ECB Hikes Rates By 25 Bps, More Tightening Likely As Inflation Seen 'Too High'

The European Central Bank raised the three key interest rates by a quarter basis points on Thursday, in line with expectations, as policymakers assessed that despite some slowing, inflation is likely to remain "too high for too long" and economists' are looking forward to one more hike in July.
RTTNews | 785 hari yang lalu
CUTERA Says FDA Clears AviClear As Long-Term Treatment For Mild To Severe Acne

CUTERA Says FDA Clears AviClear As Long-Term Treatment For Mild To Severe Acne

Dermatology solutions provider CUTERA, INC. (CUTR) announced Thursday a new U.S. Food and Drug Administration clearance of AviClear as a long-term treatment for mild to severe inflammatory acne vulgaris. This is the first acne therapy to claim long term effectiveness for mild, moderate and severe acne.
RTTNews | 785 hari yang lalu
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Swiss Govt Forecasts Below-Average Growth

Swiss Govt Forecasts Below-Average Growth

Switzerland's economy is expected to log significantly below-average growth though the year started vigorously, the State Secretariat for Economic Affairs, or SECO, said Thursday. The expert group of SECO forecast gross domestic product to grow 1.1 percent this year, unchanged from the previous projection. Likewise, growth outlook for 2024 was maintained at 1.5 percent.
RTTNews | 785 hari yang lalu

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