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U.S. Consumer Price Growth Accelerates To 3.3% In July, In Line With Estimates
Consumer price growth in the U.S. accelerated in line with economist estimates in the month of July, according to a report released by the Commerce Department on Thursday. The Commerce Department said the annual rate of consumer price growth increased to 3.3 percent in July from 3.0 percent in June. The faster growth matched expectations.
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U.S. Jobless Claims Unexpectedly Edge Down To 228,000
With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday unexpectedly showing a slight decrease in first-time claims for U.S. unemployment benefits in the week ended August 26th. The report said initial jobless claims edged down to 228,000, a decrease of 4,000 from the previous week's revised level of 232,000.
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Visa, Mastercard Set To Raise Credit-Card Fees
Visa and Mastercard, the top two payment networks in the U.S., are set to raise their credit-card fees which merchants pay when customers use the credit cards for transactions, according to The Wall Street Journal report on Thursday. Though these charges are generally borne by merchants themselves, a small portion of it is transferred to customers.
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India GDP Growth Climbs To 7.8% In June Quarter
India's economy grew at a faster pace in the three months to June period, mainly led by the services sector, preliminary estimates from the National Statistical Office showed on Thursday. Gross domestic product grew 7.8 percent year-on-year in the April to June quarter, which was a tad faster than the 7.7 percent expansion economists had forecast.
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U.S. Weekly Jobless Claims Unexpectedly Edge Slightly Lower
With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday unexpectedly showing a slight decrease in first-time claims for U.S. unemployment benefits in the week ended August 26th.
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644 hari yang lalu
Euro Drops After Eurozone Inflation Data, ECB Member Schnabel's Comments
The euro fell against its major counterparts in the European session on Thursday, as the region's inflation held steady in August and German policymaker Isabel Schnabel remarked that it is impossible to predict a peak rate or the duration of the tightening phase as the central bank has adopted a data-dependent approach for each policy rate-setting session.
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644 hari yang lalu
U.S. Consumer Price Growth Accelerates In Line With Estimates In July
Consumer price growth in the U.S. accelerated in line with economist estimates in the month of July, according to a report released by the Commerce Department on Thursday. The Commerce Department said the annual rate of consumer price growth increased to 3.3 percent in July from 3.0 percent in June. The faster growth matched expectations.
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644 hari yang lalu
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German Unemployment Rises Sharply Amid Weak Economic Activity
Germany's unemployment rose more than expected in August as the ongoing weakness in the economic activity weighed on job creation. The monthly increase in the number of unemployed rose sharply to 18,000 from 1,000 in July, the Federal Labor Agency reported Thursday. Economists had forecast a more moderate increase of 10,000. Unemployment totaled 2.63 million.
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Academy Sports Boosts FY23 Earnings Outlook As Q2 Earnings Tops Estimates; Stock Up 11%
Sporting goods retailer Academy Sports and Outdoors, Inc. (ASO) on Thursday reported that net income for the second quarter declined to $157.1 million or $2.01 per share from $188.8 million or $2.22 per share in the prior-year quarter.
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644 hari yang lalu
1-800-FLOWERS.COM Q4 Net Loss Slightly Widens; Sees Weak Revenues In FY24
Floral and foods gift retailer 1-800-FLOWERS.COM, Inc. (FLWS) reported Thursday a net loss for the fourth quarter of $22.55 million or $0.35 per share, slightly wider than $22.25 million or $0.34 per share in the prior-year quarter.
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644 hari yang lalu
Canadian Shares Likely To Open On Positive Note
Bay Street looks headed for a positive start on Thursday, tracking firm crude oil prices and rising expectations the Federal Reserve is nearing the end of its tightening cycle.
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Genesco Slips To Loss In Q2, But Results Top Estimates; Reaffirms FY24 Outlook
Specialty retailer Genesco, Inc. (GCO) on Thursday reported a net loss for the second quarter of $31.67 million or $2.79 per share, compared to net income of $7.64 million or $0.59 per share in the prior-year quarter.
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644 hari yang lalu
Signet Jewelers Boosts FY24 Earnings Outlook As Q2 Results Top Estimates
Diamond jewelry retailer Signet Jewelers Ltd. (SIG) reported Thursday that second-quarter net income attributable to common shareholders plunged to $66.5 million or $1.38 per share from $136.8 million or $2.58 per share in the prior-year quarter.
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644 hari yang lalu
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