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U.S. Jobless Claims Unexpectedly Decrease To 212,000
First-time claims for U.S. unemployment benefits unexpectedly declined in the week ended February 10th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims fell to 212,000, a decrease of 8,000 from the previous week's revised level of 220,000. Economists had expected initial jobless claims to edge slightly higher.
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Cisco Plans More Than 4,000 Job Cuts Amid Outlook Warning, Stock Dips
Networking equipment maker Cisco Systems Inc. announced its plans to cut 5 percent of its global workforce, which comes to more than 4,000 jobs, as part of its ongoing restructuring efforts. The news comes as the company trimmed its earnings and revenue outlook for fiscal 2024 citing weak demand and a tough economy. Following the announcement at the second-quarter earnings call on Wednesday,...
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U.S. Industrial Production Unexpectedly Edges Down 0.1% In January
Industrial production in the U.S. unexpectedly edged slightly lower in the month of January, according to a report released by the Federal Reserve on Thursday.
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Allstate Corp. Reports Estimated Catastrophe Losses For January Of $276 Mln
Insurer Allstate Corp. (ALL) announced Thursday estimated catastrophe losses for the month of January 2024 of $276 million or $218 million, after-tax.
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556 hari yang lalu
InterDigital Q4 Results Top Estimates; Guides Q1, FY24 Well Above Estimates
InterDigital, Inc. (IDCC) on Thursday reported fourth-quarter net income available to common shareholders of $39.1 million or $1.41 per share, up from $32.4 million or $1.08 per share in the prior-year quarter.
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American Axle Boosts FY22 Sales Outlook; Q2 Results Top Estimates
While reporting financial results for the second quarter on Friday, American Axle & Manufacturing Holdings, Inc. or AAM (AXL) raised its sales guidance for the full-year 2022.
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556 hari yang lalu
Asian Shares Rise As Chip Shares Climb On Lower Yields
Asian stocks advanced on Thursday as calmer bond markets and robust U.S. corporate earnings lifted chip stocks.
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more news
Pound Falls Against Majors
The British pound weakened against other major currencies in the early European session on Thursday.
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Australian Dollar Falls As Australia Jobless Rate Climbs
The Australian dollar weakened against other major currencies in the Asian session on Thursday, after data showed that the nation's unemployment rate rose more-than-expected in January.
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556 hari yang lalu
European Economic News Preview: UK GDP Data Due
Quarterly national accounts from the UK and foreign trade from the euro area are the top economic news due on Thursday. At 2.00 am ET, the Office for National Statistics releases UK GDP, industrial production and foreign trade figures. The economy is forecast to shrink 0.1 percent sequentially, the same pace of decline as seen in the third quarter.
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557 hari yang lalu
European Shares Seen Up As Yields Dip After Mixed Fed Remarks
European stocks are seen opening higher on Thursday after robust earnings helped Wall Street's main indexes end a volatile session sharply higher overnight.
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557 hari yang lalu
Sensex, Nifty Struggle For Direction In Early Trade
Indian shares struggled for direction in early trade on Thursday ahead of a slew of U.S. data due later in the day that could offer fresh insights into the Fed's rate trajectory.
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557 hari yang lalu
Asian Markets Trade Mixed
Following the broadly positive cues from global markets overnight, Asian stock markets are trading mixed on Thursday, as traders reacted to GDP data from Japan and Singapore that missed estimates, with Japan unexpectedly slipping into recession. Australia also posted sharply lower-than-expected employment growth, with unemployment rate also rising. Asian Markets closed mostly lower on Wednesday.
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