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Swiss Market Ends Higher For 2nd Straight Day
After holding gains following a firm start Thursday morning, the Switzerland market very nearly dropped into negative territory in late afternoon trade, but recovered swiftly to eventually end the session on a firm note.
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European Stocks Close Higher As U.S. Inflation Data Helps Ease Rate Concerns
European stocks closed higher on Thursday as soft U.S. inflation data helped outweigh concerns about interest rates. Optimism about economic growth following China reopening contributed as well to markets' positive performance.
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Dollar Subdued As U.S. Inflation Slows
The U.S. dollar was lower against its major counterparts in the New York session on Thursday, after a data showed that the nation's consumer prices decreased modestly in December, bolstering hopes for a slowdown in rate hikes from the Federal Reserve.
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Canadian Market Slightly Higher As Energy Stocks Rally
After a positive start and a subsequent fall into negative territory, the Canadian market is modestly higher in late morning trade on Thursday, thanks largely to strong buying in the energy sector.
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U.S. Jobless Claims Unexpectedly Edge Down To Three-Month Low
First-time claims for U.S. unemployment benefits unexpectedly edged slightly lower in the week ended January 7th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims slipped to 205,000, a decrease of 1,000 from the previous week's revised level of 206,000.
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U.S. Annual Consumer Price Growth Slowest Since October 2021
A highly anticipated report released by the Labor Department on Thursday showed a modest decrease in U.S. consumer prices in the month of December. The Labor Department said its consumer price index edged down by 0.1 percent in December after inching up by 0.1 percent in November. Economists had expected consumer prices to come in unchanged.
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Starbucks Corporate Employees To Return To Office At Least 3 Days A Week
Starbucks corporate employees are asked to return to the office a minimum of three days a week by the end of January to rebuild and revive the energy of its headquarters and regional offices, CEO Howard Schultz said. In a memo to employees, Schultz wrote that starting January 30, employees within commuting distance need to report to the Seattle headquarters on Tuesdays, Wednesdays and a third day
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Bay Street Likely To Open On Positive Note
Data showing a drop in U.S. consumer price inflation, higher crude oil and gold prices, and positive lead from European markets point to a firm start for the Canadian market on Thursday.
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U.S. Weekly Jobless Claims Edge Slightly Lower
First-time claims for U.S. unemployment benefits edged slightly lower in the week ended January 7th, according to a report released by the Labor Department on Thursday.
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U.S. Consumer Prices Edge Down 0.1% In December, Annual Growth Slows
A highly anticipated report released by the Labor Department on Thursday showed a modest decrease in U.S. consumer prices in the month of December. The Labor Department said its consumer price index edged down by 0.1 percent in December after inching up by 0.1 percent in November.
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Dollar Retreats Following U.S. CPI
U.S. CPI for December and weekly jobless claims for the week ended January 7 have been released at 8.30 am ET Thursday. After the data, the greenback eased against its major counterparts.
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Dollar Mixed Ahead Of U.S. CPI
U.S. CPI for December and weekly jobless claims for the week ended January 7 are due at 8.30 am ET Thursday. Ahead of the data, the greenback traded mixed against its major counterparts. While it held steady against the franc, it fell against the yen and the euro. Against the pound, it rose.
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BigBear.ai Inks 10-Year Multiple Award $900 Million IDIQ Contract With US Air Force
BigBear.ai Holdings, Inc. (BBAI), a provider of AI-powered analytics and cyber engineering solutions, announced Thursday it has been awarded a multiple award $900 million Indefinite Delivery/Indefinite Quantity (IDIQ) contract by the U.S. Air Force.
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