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Eurozone Q2 GDP Growth Revised Down
The euro area economy logged only a marginal growth in the second quarter reigniting fears of a recession after the net trade acted as a drag on growth. Revised estimate published by the Eurostat on Thursday showed that the 20-nation currency bloc grew by a marginal 0.1 percent in the June quarter. The rate was revised down from 0.3 percent estimated on August 16.
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U.S. Jobless Claims Unexpectedly Drop To Nearly Seven-Month Low
First-time claims for U.S. unemployment benefits unexpectedly saw a continued decline in the week ended September 2nd, according to a report released by the Labor Department on Thursday. The report said initial jobless claims fell to 216,000, a decrease of 13,000 from the previous week's revised level of 229,000.
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Ball Corp. CFO Scott Morrison To Retire; Names Howard Yu To Succeed Him
Ball Corp. (BALL) announced Thursday that Scott Morrison, executive vice president and chief financial officer, will retire from the role after more than two decades with the company.
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China Exports & Imports Register Slower Decline
China's exports declined at a slower pace in August as the weaker yuan made shipments more competitive and imports decreased less than expected on improving commodity demand, official data revealed on Thursday. Exports slid 8.8 percent on a yearly basis in August but slower than the 14.5 percent decline in July, the General Administration of Customs reported.
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WeWork To Renegotiate Nearly All Its Leases
WeWork Inc. said it is starting a process to renegotiate nearly all its leases worldwide as the loss-making flexible space provider tries to fix its financial troubles. As part of the move, the company, which offers workspaces and services, plans to exit unfit and underperforming locations and to reinvest in its strongest assets.
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Inogen Names Mike Sergesketter As Interim CFO To Succeed Kristin Caltrider
Medical technology firm Inogen, Inc. (INGN) announced Thursday the appointment of Mike Sergesketter as Interim Chief Financial Officer, effective immediately. He succeeds Kristin Caltrider, who has stepped down for personal reasons.
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Bay Street Likely To Open With Negative Bias
Canadian shares are likely to open with a negative bias on Thursday, tracking mixed global cues and commodity markets.
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U.S. Labor Productivity Jumps Less Than Previously Estimated In Q2
A report released by the Labor Department on Thursday showed labor productivity in the U.S. jumped by less than previously estimated in the second quarter.
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Lowe's To Carry Toro Product Lineup Under Strategic Retail Partnership Deal
The Toro Co. (TTC) and Lowe's Cos., Inc. (LOW) announced Thursday a strategic retail partnership through which Lowe's will carry Toro zero-turn riding mowers, walk mowers, portable power equipment and snow blowers in both the gas and rapidly expanding battery categories.
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Dollar Climbs After U.S. Jobless Claims
The U.S. weekly jobless claims for the week ended September 2 have been released at 8.30 am ET Thursday. The greenback strengthened against its major rivals after the data.
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U.S. Initial Jobless Claims Unexpectedly Decrease
The Labor Department released a report on Thursday unexpectedly showing a decline in first-time claims for U.S. unemployment benefits in the week ended September 2nd.
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CION Investment Extends Existing $60 Mln Share Buyback Program By One Year To August 29, 2024
CION Investment Corp. (CION) announced Thursday a one-year extension to its existing $60 million share repurchase program through August 29, 2024, under which CION will continue to support the trading of its common shares and seek to drive long-term shareholder value.
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Dollar Mixed Ahead Of U.S. Jobless Claims
The U.S. weekly jobless claims for the week ended September 2 will be published at 8:30 am ET Thursday. The greenback traded mixed against its major rivals before the data. While it rose against the euro, it held steady against the pound and the franc. Versus the yen, it fell.
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