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Forex News
Canadian Market Remains Weak; Materials, Industrials Shares Drifting Lower
The Canadian market, where trading resumed after a long weekend, remains in negative territory after a weak start Tuesday morning, tracking weak bullion prices and European stocks.
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779 days ago
U.S. New Home Sales Unexpectedly Jump To One-Year High In April
New home sales in the U.S. unexpectedly spiked to their highest level in a year in the month of April, the Commerce Department revealed in a report released on Tuesday. The report said new home sales jumped by 4.1 percent to an annual rate of 683,000 in April after surging by 4.0 percent to a revised rate of 656,000 in March.
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779 days ago
Lowe's, BJ's Wholesale, DICK's Sporting Report Q1 Profits
Retailers Lowe's Cos. Inc. (LOW), BJ's Wholesale Club Holdings Inc. (BJ) and DICK'S Sporting Goods, Inc. (DKS) reported profits for the fourth quarter, with Lowe's and DICK'S Sporting topping estimates, while BJ's met it. DICK'S Sporting and BJ's also reaffirmed their respective guidance for the full-year 2023, while Lowe's trimmed it.
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779 days ago
Pound Slides Amid Weak PMI Data
The pound dropped against its major counterparts in the European session on Tuesday, following the release of weaker-than-expected private sector activity for May.
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779 days ago
Williams-Sonoma Q1 Adj. EPS Tops Estimates
Luxury home furnishing retailer Williams-Sonoma Inc. (WSM) reported Tuesday first-quarter net earnings of $156.53 million or $2.35 per share, down from $254.11 million or $3.50 per share in the prior-year quarter.
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779 days ago
UK Private Sector Logs Further Expansion In May
The UK private sector continued to expand strongly in May, though the pace of growth eased from April's one-year high as the downturn in the manufacturing sector deepened, flash survey results from S&P Global showed on Tuesday. The flash Chartered Institute of Procurement & Supply composite output index dropped to a two-month low of 53.9 in May from 54.9 in April. The expected score was 54.6.
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779 days ago
Manufacturing Slump Damps Eurozone Private Sector Growth
Euro area private sector expanded for the fifth straight month in May but the pace of growth moderated due to a steep decline in the factory output amid a widening divergence in demand growth for goods and services, flash results of the purchasing managers' survey by S&P Global showed on Tuesday. The flash HCOB composite output index fell to a three-month low of 53.3 in May from 54.1 in April.
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779 days ago
more news
United To Double Early Morning Departures And Late Evening Arrivals In And Out Of Denver
United Airlines Holdings, Inc. (UAL) announced Tuesday plans to significantly grow its position as Denver's leading airline, adding 35 flights, six new routes, a dozen new gates and three clubs, including the largest ones in the carrier's network.
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779 days ago
BrainsWay Appoints Ido Marom To Succeed Scott Areglado As CFO
BrainsWay Ltd. (BWAY) announced Tuesday the appointment of Ido Marom, an experienced senior financial leader in global industries, including medical technology, as Chief Financial Officer (CFO).
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779 days ago
Bay Street Likely To Open On Weak Note
Canadian shares are likely to open weak on Tuesday, tracking lower European stocks and weak bullion prices.
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779 days ago
DICK'S Sporting Reaffirms FY23 Outlook; Q1 Results Top Estimates
While reporting financial results for the first quarter on Tuesday, sporting goods retailer DICK'S Sporting Goods Inc. (DKS) reaffirmed its earnings and consolidated same store sales guidance for the full-year 2023.
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779 days ago
U.S. Dollar Higher On Debt Ceiling Worries, Rate Hopes
The U.S. dollar was higher against its major counterparts in the European session on Tuesday, on concerns over a standoff in debt ceiling talks between the White House and House Republicans and the prospect of interest rates staying higher for longer.
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779 days ago
UK Budget Deficit Exceeds Expectations On Energy Support, Debt Costs
The UK budget deficit increased more than expected in April on the additional costs of the energy support schemes, inflation-driven debt costs and increases in benefit payments. Public sector net borrowing excluding banks increased GBP 11.9 billion from the previous year to GBP 25.6 billion in April, the Office for National Statistics reported Monday.
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779 days ago
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