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U.S. Homebuilder Confidence Unexpectedly Rebounds In January
After reporting decreases in U.S. homebuilder confidence for twelve straight months, the National Association of Home Builders released a report on Wednesday showing an unexpected improvement in homebuilder confidence in the month of January.
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903 days ago
U.S. Industrial Production Decreases Much More Than Expected In December
Industrial production in the U.S. decreased by much more than expected in the month of December, according to a report released by the Federal Reserve on Wednesday. The Fed said industrial production slid by 0.7 percent in December after falling by a revised 0.6 percent in November. Economists had expected industrial production to edge down by 0.1 percent.
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904 days ago
U.S. Retail Sales Slump 1.1% In December, More Than Expected
A report released by the Commerce Department on Wednesday showed a steep drop in U.S. retail sales in the month of December. The Commerce Department said retail sales tumbled by 1.1 percent in December after slumping by a revised 1.0 percent in November.
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904 days ago
U.S. Producer Prices Decrease 0.5% In December Amid Steep Drop In Energy Prices
Partly reflecting a steep drop in energy prices, the Labor Department released a report on Wednesday showing U.S. producer prices fell by more than expected in the month of December. The Labor Department said its producer price index for final demand declined by 0.5 percent in December after inching up by a revised 0.2 percent in November.
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904 days ago
Eurozone Construction Output Falls 0.8% On Lower Building Activity
Eurozone construction output contracted for the first time in three months in November, as a rise in civil engineering activity was offset by a downturn in the building sector, data from the statistical office Eurostat showed on Wednesday. Construction output fell 0.8 percent month-over-month in November, reversing a revised 1.0 percent rise in October.
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904 days ago
Charles Schwab Q4 Profit Rises 26%, But Results Miss Estimates
Financial services firm Charles Schwab Corp. reported Wednesday a profit for the fourth quarter that increased 26 percent from last year, reflecting 17 percent revenue growth aided by 41 percent rise in net interest revenue. Both earnings per share and quarterly revenues missed analysts' estimates.
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904 days ago
U.S. Retail Sales Slump More Than Expected In December
A report released by the Commerce Department on Wednesday showed a steep drop in U.S. retail sales in the month of December.
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904 days ago
more news
U.S. Producer Prices Drop More Than Expected In December
Partly reflecting a steep drop in energy prices, the Labor Department released a report on Wednesday showing U.S. producer prices fell by more than expected in the month of December.
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904 days ago
U.S. Dollar Drops As Treasury Yields Fall
The U.S. dollar dropped against its major counterparts in the European session on Wednesday, amid falling treasury yields and expectations for a slower pace of rate hikes by the Federal Reserve.
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904 days ago
Prologis Guides FY23 EPS In Line With Estimates - Update
While reporting its financial results for the fourth quarter on Wednesday, logistics real estate firm Prologis Inc. (PLD) initiated its net earnings and core funds from operations outlook for the full-year 2023.
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904 days ago
Bay Street Seen Opening On Positive Note
Canadian shares are likely to open on a positive note on Wednesday, tracking higher crude oil and bullion prices, and on hopes the Canadian central bank will be less aggressive with its policy stance following a drop in consumer price inflation.
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904 days ago
Eurozone Core Inflation Rises In December
Raising scope for another aggressive rate hike in February, Eurozone core inflation accelerated in December, as estimated, while overall inflation slowed to a four-month low on energy prices, final data from Eurostat revealed Wednesday.
Core inflation that excludes energy, food, alcohol and tobacco, advanced to 5.2 percent from 5.0 percent in November.
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904 days ago
Public Service Enterprise Group To Sell 25% Stake In Ocean Wind 1 To Orsted
Public Service Enterprise Group, Inc. or PSEG (PEG) on Wednesday agreed to sell its 25% equity stake in the Ocean Wind 1 offshore wind energy project to wind energy company Orsted, providing Orsted with 100% ownership of the project.
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904 days ago
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