HNI Corp. Q1 Results Top Estimates

HNI Corp. (HNI) reported Monday that net income attributable to the company for the first quarter surged to $17.7 million or $0.37 per share from $1.6 million or $0.04 per share in the year-ago quarter.

RTTNews | 37 days ago

U.S. Services Index Jumps To Nine-Month In May

Service sector activity in the U.S. returned to growth in the month of May after contracting in April for the first time since December 2022, according to a report released by the Institute for Supply Management on Wednesday. The ISM said its services PMI jumped to 53.8 in May from 49.4 in April, with a reading above 50 indicating growth in the sector.

RTTNews | 5h 11min ago

UK Service Sector Growth Moderates In May

The UK service sector growth moderated in May as growth momentum in business activity and new orders softened from their 11-month highs reported in April, final survey data from S&P Global showed on Wednesday. The S&P Global services Purchasing Managers' Index dropped to 52.9 in May, in line with the flash estimate, from April's 11-month high of 55.0.

RTTNews | 5h 17min ago

Bank Of Canada Lowers Interest Rates By A Quarter Point As Widely Expected

Citing continued evidence that underlying inflation is easing, the Bank of Canada on Wednesday announced it has decided to lower interest rates by 25 basis points. The Bank of Canada reduced its target for the overnight rate to 4.75 percent, with the bank rate at 5.0 percent and the deposit rate at 4.75 percent.

RTTNews | 6h 3min ago

Archer Air Receives FAA Certification To Begin Operating Commercial Airline

Archer Aviation Inc. (ACHR), a leader in electric vertical takeoff and landing (eVTOL) aircraft, announced Wednesday that its subsidiary, Archer Air, has received its Part 135 Air Carrier & Operator Certificate from the Federal Aviation Administration (FAA).

RTTNews | 6h 17min ago

U.S. Mortgage Applications Tumble For Second Straight Week

Mortgage applications in the U.S. tumbled for the second consecutive week in the week ended May 31st, according to a report released by the Mortgage Bankers Association on Wednesday.

RTTNews | 6h 26min ago

Eurozone Private Sector Logs Fastest Growth In A Year

Eurozone private sector posted the fastest growth in a year in May as strong demand boosted production and hiring amid cooling inflation, the final Purchasing Managers' survey data compiled by S&P Global showed on Wednesday. The HCOB composite output index posted 52.2 in May, up from 51.7 in the previous month. The flash reading was 52.3.

RTTNews | 6h 41min ago

U.S. Private Sector Job Growth Slows More Than Expected In May

A report released by payroll processor ADP on Wednesday showed private sector job growth in the U.S. slowed by more than expected in the month of May. ADP said private sector employment climbed by 152,000 jobs in May after jumping by a downwardly revised 188,000 jobs in April.

RTTNews | 7h 3min ago

EURUSD	1.0861	GBPUSD	1.27664	AUDUSD	0.66398
USDJPY	156.217	USDCAD	1.37066	USDCHF	0.894