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U.S. Consumer Sentiment Slumps Slightly More Than Initially Estimated In June
Consumer sentiment in the U.S. tumbled by slightly more than initially estimated in the month of June, revised data from the University of Michigan revealed on Friday. The report showed the consumer sentiment index for June was downwardly revised to 50.0 from the preliminary reading of 50.2.
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U.S. New Home Sales Unexpectedly Show Significant Rebound In May
New home sales in the U.S. unexpectedly showed a significant rebound in the month of May, according to a report released by the Commerce Department on Friday. The report showed new home sales surged 10.7 percent to an annual rate of 696,000 in May after plunging 12.0 percent to an upwardly revised rate of 629,000 in April.
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MTD Products Recalls Walk-Behind Self-Propelled Lawn Mowers
MTD Products Inc. is recalling 1,774 units of walk-behind self-propelled lawn mowers for potential risk of fire hazard, a statement by the U.S. Consumer Product Safety Commission (CPSC) showed. The company said the lawn mower can leak fuel when it is stored in the upright (vertical) storage position to pose a fire hazard.
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Zendesk To Be Taken Private By Investors Led By Hellman & Friedman, Permira In $10.2 Bln Deal
Zendesk, Inc. (ZEN) announced Friday it has entered into a definitive agreement to be acquired by an investor group led by leading global investment firms Permira and Hellman & Friedman LLC in an all-cash transaction that values Zendesk at approximately $10.2 billion.
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Bay Street Set To Open On Firm Note
Canadian shares are headed for a firm start Friday morning, tracking higher crude oil prices and positive global cues.
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German Ifo Business Sentiment Deteriorates In June
Germany's business sentiment worsened more than expected in June as the war in Ukraine, high inflation and supply chain disruptions triggered fears of recession, survey results from the ifo Institute showed on Friday. After rising for two months, the business confidence index dropped to 92.3 in June from 93.0 in the previous month.
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Amryt Pharma To Submit Formal Dispute Resolution Request For Oleogel-S10 NDA
Biopharmaceutical company Amryt Pharma plc (AMYT) announced Friday that the company plans to submit a Formal Dispute Resolution Request (FDRR) for the company's New Drug Application (NDA) for Oleogel-S10 (Filsuvez), for the treatment of the cutaneous manifestations of Dystrophic and Junctional Epidermolysis Bullosa (EB).
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more news
Emergent BioSolutions Says FDA Accepts AV7909 Anthrax Vaccine Candidate BLA For Review
Emergent BioSolutions Inc. (EBS) announced Friday that the U.S. Food and Drug Administration (FDA) accepted for review the Biologics License Application (BLA) for AV7909 (Anthrax Vaccine Adsorbed, Adjuvanted).
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Sensex, Nifty Climb As Inflation Worries Ebb
Indian shares rose for a second straight session on Friday as traders pared down bets on where interest rates might peak.
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Swiss Franc Climbs On Recession Concerns
The Swiss franc advanced against its major rivals in the European session on Friday, on growing concerns about a recession fuelled by aggressive rate hikes from the Federal Reserve to tame inflation.
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European Shares Climb As Inflation Worries Ebb
European stocks advanced on Friday as near-term worries around inflation eased somewhat amid growing concerns about a recession.
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FTSE 100 Climbs Despite Weak Data
U.K. stocks rose sharply on Friday, with defensive shares surging amid mounting fears around hawkish central banks and rising risks of a recession.
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CAC 40 Rallies As Inflation Worries Ease
French stocks rallied on Friday as investors pared back their inflation expectations.
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