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Forex News
U.S. Existing Home Sales Unexpectedly Plunge 3.4% In April
The National Association of Realtors released a report on Thursday unexpectedly showing a steep drop in U.S. existing home sales in the month of April. NAR said existing home sales plunged by 3.4 percent to an annual rate of 4.28 million in April after tumbling by 2.6 percent to a revised rate of 4.43 million in March.
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786 days ago
U.S. Leading Economic Index Decreases In Line With Estimates In April
A report released by the Conference Board on Thursday showed a continued decrease by the group's reading on leading U.S. economic indicators in the month of April. The Conference Board said its leading economic index slid by 0.6 percent in April after tumbling by 1.2 percent in March. The decrease, which matched economist estimates, marked the thirteenth consecutive decline by the index.
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786 days ago
Philly Fed Index Rebounds From Nearly Three-Year Low In May
A report released by the Federal Reserve Bank of Philadelphia on Thursday showed a continued contraction in regional manufacturing in the month of May, although the pace of contraction slowed by more than expected. The Philly Fed said its diffusion index for current activity surged to a negative 10.4 in May from a negative 31.3 in April.
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786 days ago
U.S. Jobless Claims Pull Back Off Highest Level Since October 2021
First-time claims for U.S. unemployment benefits fell by more than expected in the week ended May 13th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims slid to 242,000, a decrease of 22,000 from the previous week's unrevised level of 264,000. Economists had expected jobless claims to dip to 254,000.
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786 days ago
Abbott Laboratories Says FDA Approves Assert-IQ Insertable Cardiac Monitor
Abbott Laboratories (ABT) announced Thursday that its Assert-IQ insertable cardiac monitor (ICM) has received U.S. Food and Drug Administration (FDA) clearance, giving physicians a new option for diagnostic evaluation and long-term monitoring of people experiencing irregular heartbeats.
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786 days ago
Philly Fed Index Rebounds More Than Expected In May
A report released by the Federal Reserve Bank of Philadelphia on Thursday showed a continued contraction in regional manufacturing in the month of May, although the pace of contraction slowed by more than expected.
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786 days ago
U.S. Weekly Jobless Claims Pull Back More Than Expected
First-time claims for U.S. unemployment benefits fell by more than expected in the week ended May 13th, according to a report released by the Labor Department on Thursday.
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786 days ago
more news
Walmart Q1 Profit Declines, But Results Top Estimates
Retail giant Walmart Inc. (WMT) reported Thursday a profit for the first quarter of fiscal 2024 that declined 18.5 percent from last year, hurt by steep net losses on equity and other investments. However, both adjusted earnings per share and quarterly revenues topped analysts' expectations. The retailer also raised its guidance for the full-year 2024.
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787 days ago
Bay Street Likely To Open On Subdued Note
Canadian shares are likely to open somewhat subdued on Thursday as weak commodity prices may outweigh optimism over the progress in U.S. debt ceiling talks.
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787 days ago
Philippine Central Bank Halts Rate Hike
The Philippine central bank paused its monetary policy tightening on Thursday after ten consecutive rate hikes and signaled that rates will remain at the current levels in the near term. The Monetary Board of the Bangko Sentral ng Pilipinas kept the interest rate on the overnight reverse repurchase facility at 6.25 percent.
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787 days ago
Advanced Drainage Q4 Results Top Estimates; Guides FY23 Sales Below View; Boosts Dividend 17%
Water management solutions firm Advanced Drainage Systems Inc. (WMS) reported Thursday that net income available to common stockholders surged to $85.89 million or $1.06 per share from $39.72 million or $0.54 per share in the prior-year quarter.
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787 days ago
BT Group Stock Down On Weak FY23 Pre-tax Profit; Sees Pro Forma Growth In FY24
Shares of BT Group Plc were losing around 8 percent in the morning trading in London after the British telecommunications holding company on Thursday reported weak profit and revenues in its fiscal 2023. A growth in Openreach was more than offset by decline in the other units. The company further announced a flat dividend. Looking ahead for fiscal 2024, the company said expects revenue and EBITDA
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787 days ago
Sensex, Nifty Give Up Early Gains To End Lower
Indian shares fell slightly on Thursday to extend losses for a third day running, after having opened higher earlier in the day.
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787 days ago
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