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European Stocks Close On Mixed Note After Cautious Session
European stocks turned in a mixed performance on Thursday with investors digesting a slew of corporate earnings announcements, and continuing to assess the U.S. inflation data released on Wednesday.
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1061 days ago
Canadian Market Extending Recent Gains; Energy Stocks Move Higher
The Canadian market is up in positive territory a little past noon on Thursday, extending gains from the previous session, as investors continue to cheer Wednesday's soft inflation data from the U.S.
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1061 days ago
Disney+ With No Ads To Now Come At $3 Premium Per Month
Walt Disney's streaming service Disney+ is rolling out its much-anticipated new ad-supported subscription plan for Disney+ in the U.S. as part of its bid to stem the loss and make its streaming business profitable after the services posted a hefty operating of loss more than $1 billion in the third quarter. It is also raising pricing for its bundled subscription plans with Hulu, ESPN+ and live TV.
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1061 days ago
Australian Dollar Climbs As Fed Rate Hike Concerns Fade
The Australian dollar advanced against its most major counterparts in the European session on Thursday, as the demand for riskier assets improved on receding expectations for a larger rate hike from the U.S. Federal Reserve in the wake of a softer-than-expected U.S. inflation data.
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1061 days ago
U.S. Producer Prices Unexpectedly Decrease For First Time Since April 2020
After yesterday's report showing U.S. consumer prices came in flat in the month of July, the Labor Department released a separate report on Thursday showing producer prices unexpectedly decreased during the month. The Labor Department said its producer price index for final demand fell by 0.5 percent in July after surging by a revised 1.0 percent in June.
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1061 days ago
EMagin Posts Wider Net Loss In Q2
OLED microdisplay maker eMagin Corp. (EMAN) reported Thursday a second-quarter net loss of $1.44 million or $0.02 per share, wider than $0.28 million or $0.00 per share in the prior-year quarter.
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1061 days ago
U.S. Weekly Jobless Claims Rise To Nearly Nine-Month High
First-time claims for U.S. unemployment benefits saw another modest increase in the week ended August 6th, according to a report released by the Labor Department on Thursday. The report showed initial jobless claims rose to 262,000, an increase of 14,000 from the previous week's revised level of 248,000.
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1061 days ago
more news
U.S. Weekly Jobless Claims Rise To 262,000
First-time claims for U.S. unemployment benefits saw another modest increase in the week ended August 6th, according to a report released by the Labor Department on Thursday.
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1061 days ago
U.S. Producer Prices Unexpectedly Drop 0.5% In July
After yesterday's report showing U.S. consumer prices came in flat in the month of July, the Labor Department released a separate report on Thursday showing producer prices unexpectedly decreased during the month.
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1061 days ago
Bay Street Likely To Open On Positive Note
Canadian shares are likely to open higher, tracking firm crude oil prices, and amid hopes the Fed's interest rate move at its September meeting will be less aggressive thanks to fairly encouraging inflation data.
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1061 days ago
Global Business Travel Reports Q2 Net Profit
B2B travel platform Global Business Travel Group, Inc. (GBTG) reported Thursday net income attributable to the Company for the second quarter of $21 million or $0.44 per share, compared to breakeven results in the prior-year quarter.
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1061 days ago
Kelly Services Q3 Results Miss Estimates
Specialty talent solutions provider Kelly Services, Inc. (KELYA, KELYB) reported Thursday that its net income for the second quarter plunged to $2.2 million or $0.06 per share from $24.0 million or $0.60 per share in the prior-year quarter.
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1061 days ago
US Foods Q2 Net Profit Declines; Reaffirms FY22 Adj. EPS Outlook
Foodservice distributor US Foods Holding Corp. (USFD) on Thursday reported second quarter net income available to common shareholders of $61 million or $0.27 per share, up from $46 million or $0.20 per share in the prior-year quarter.
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1061 days ago
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