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U.S. Import Prices Show Modest Decrease In October
A report released by the Labor Department on Wednesday showed a modest decrease in U.S. import prices in the month of October. The Labor Department said import prices edged down by 0.2 percent in October after tumbling by a revised 1.1 percent in September.
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U.S. Retail Sales Jump 1.3% In October, More Than Expected
Retail sales in the U.S. showed a significant increase in the month of October, according to a report released by the Commerce Department on Wednesday. The report showed retail sales surged by 1.3 percent in October after coming in unchanged in September. Economists had expected retail sales to jump by 1.0 percent.
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TJX Cos. Promotes John Klinger To Succeed Scott Goldenberg As CFO
Off-price retailer TJX Companies, Inc. (TJX) announced Wednesday that John Klinger has been promoted to Executive Vice President, Chief Financial Officer effective January 29, 2023, the beginning of TJX's fiscal year.
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U.S. Import Prices Dip Less Than Expected In October
A report released by the Labor Department on Wednesday showed a modest decrease in U.S. import prices in the month of October.
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Loonie Mixed After Canada CPI
Canada consumer inflation for October has been released at 8:30 am ET Wednesday. After the data, the loonie traded mixed against its major counterparts. While the currency fell against the greenback, it advanced against the rest of major rivals.
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Dollar Rises Following U.S. Retail Sales
U.S. retail sales and import and export prices for October have been released at 8:30 am ET Wednesday. The greenback climbed against its major counterparts after the data.
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U.S. Retail Sales Jump More Than Expected In October
Retail sales in the U.S. showed a significant increase in the month of October, according to a report released by the Commerce Department on Wednesday.
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Target Q3 Results Miss Estimates, While TJX Adj. EPS Top Estimates
Discount retailer Target reported Wednesday that third-quarter net profit halved from last year, reflecting a 330 basis points drop in gross margins, driven primarily by markdowns in an increasingly challenging environment. Both earnings per share and quarterly revenues also missed analysts' estimates. The retailer also provided comparable sales guidance for the fourth quarter.
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Loonie Mixed Ahead Of Canada CPI
Canada consumer inflation for October is due at 8:30 am ET Wednesday. Ahead of the data, the loonie traded mixed against its major counterparts. While the currency fell against the euro, it held steady against the rest of major rivals.
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Dollar Steady Ahead Of U.S. Retail Sales
U.S. retail sales and import and export prices for October are due at 8:30 am ET Wednesday. Ahead of the data, the greenback held steady against its major counterparts.
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Ford CEO Warns EVs To Cost Jobs; Urges To Produce More Parts In-house
Amid the speedy transition by automakers to electric vehicles, Ford CEO Jim Farley reportedly warned that EVs' production will result in significant job losses, but producing more parts in-house will help to mitigate this impact. While talking at an auto conference for the Rainbow Push Coalition in Detroit, Farley said EVs require 40 percent lesser workers than for producing cars and trucks power
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TJX Companies Boosts FY23 Earnings Outlook - Update
While reporting financial results for the third quarter on Wednesday, off-price retailer TJX Companies, Inc. (TJX) trimmed its earnings outlook for the fourth quarter, while raising its earnings guidance for the full-year 2023.
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Bay Street Likely To See Mixed Open
Canadian shares are seen opening on a mixed note on Wednesday, with investors digesting inflation data, and tracking geopolitical news.
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