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Quest Diagnostics Says FDA Grants Breakthrough Designation For Adeno-associated Virus Test
Quest Diagnostics (DGX), a diagnostic information services provider, announced Wednesday that its AAVrh74 ELISA assay (CDx) has been granted Breakthrough Device Designation from the U.S. Food and Drug Administration (FDA).
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UK Mortgage Approvals Hit 5-Month Low
UK mortgage approvals declined more than expected to a five-month low in July as higher interest rates act as a drag on the housing market, data from the Bank of England revealed on Wednesday. Approvals for house purchases, an indicator of future borrowing, declined to 49,444 in July from 54,605 in June. That was below economists' forecast of 51,000.
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U.S. GDP Growth Unexpectedly Downwardly Revised To 2.1% In Q2
Revised data released by the Commerce Department on Wednesday showed the U.S. economy grew by less than previously estimated in the second quarter.
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U.S. Private Sector Employment Increases Slightly Less Than Expected In August
Private sector employment in the U.S. increased by slightly less than expected in the month of August, according to a report released by payroll processor ADP on Wednesday.
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Bay Street May Open With Slightly Positive Bias
Canadian shares may open with a slightly positive bias on Wednesday, tracking higher crude oil prices.
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REX American Resources Q2 Profit Declines
REX American Resources Corp. (REX) on Wednesday reported that second-quarter net income attributable to REX common shareholders declined to $9.06 million or $0.52 per share from $11.17 million or $0.63 per share in the prior-year quarter.
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Eurozone Economic Confidence Weakest Since Late 2020
Euro area economic sentiment reached its lowest level since late 2020 due to weaker confidence among consumers, services, retail trade and construction managers, monthly survey data from European Commission showed on Wednesday. The economic sentiment index declined more-than-expected to 93.3 from 94.5 a month ago.
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more news
Patterson Reaffirms FY24 Outlook - Update
While reporting financial results for the first quarter on Wednesday, medical supplies company Patterson Companies Inc. (PDCO) reaffirmed its earnings and adjusted earnings guidance for the full-year 2024.
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Johnson & Johnson Trims FY23 Earnings, Net Sales Outlook
Healthcare company Johnson & Johnson (JNJ) on Wednesday updated its first-half financials and fiscal 2023 guidance which reflect its continuing operations as a company focused on transformational innovation in Pharmaceutical and MedTech, following the separation of Kenvue Inc., formerly Johnson & Johnson's Consumer Health business.
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Pound Strengthening Against Majors
The pound was higher against its major counterparts in the European session on Wednesday amid improved risk sentiment, as soft U.S. data released overnight spurred hopes that the Federal Reserve is done with its monetary tightening.
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Sensex, Nifty Give Up Early Gains To End On Flat Note
Indian shares gave up early gains to end on a flat note Wednesday as investors looked ahead to the release of a slew of U.S. and Chinese data this week for clues to the growth and rate outlook.
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European Shares Slide On Inflation, Growth Concerns
European stocks slipped into the red on Wednesday after data showed inflation rising in some German states.
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FTSE 100 Sees Cautious Gains; Prudential Shares Climb Over 3%
U.K. stocks were seeing modest gains on Wednesday after Prudential impressed investors with its earnings.
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