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U.S. Dollar Higher After Strong PPI Data
The U.S. dollar firmed against its major counterparts in the New York session on Thursday, as hotter-than-expected producer inflation data for February prompted investors to slightly scale back expectations for a rate cut in June.
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538天前
European Stocks Close Lower On Uncertainty About Interest Rate Outlook
European stocks closed lower on Thursday after data showing a bigger than expected increase in U.S. producer prices led to some uncertainty about the outlook for interest rates.
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538天前
Euro Weakens After Dovish Remarks From ECB's Stournaras
The euro was subdued on Thursday, as European Central Bank Governing Council member Yannis Stournaras proposed four rate cuts this year, with two moves occurring "before the summer break."
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538天前
U.S. Business Inventories Unexpectedly Unchanged In January
A report released by the Commerce Department on Thursday showed business inventories in the U.S. were unexpectedly flat in the month of January. The Commerce Department said business inventories were virtually unchanged in January after rising by a downwardly revised 0.3 percent in December. Economists had expected business inventories to edge up by 0.2 percent.
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538天前
U.S. Retail Sales Rebound In February But Fall Short Of Estimates
Retail sales in the U.S. rebounded in the month of February, according to a report released by the Commerce Department on Thursday, although the increase fell short of economist estimates. The Commerce Department said retail sales climbed by 0.6 percent in February after slumping by a revised 1.1 percent in January. Economists had expected retail sales to increase by 0.8 percent.
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538天前
U.S. Weekly Jobless Claims Unexpectedly Edge Slightly Lower
The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits edged slightly lower in the week ended February 9th. The report said initial jobless claims slipped to 209,000 from the previous week's revised level of 210,000. Economists had expected jobless claims to inch up to 218,000 from the 217,000 originally reported for the previous week.
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538天前
U.S. Producer Price Growth Exceeds Estimates In February
A report released by the Labor Department on Thursday showed producer prices in the U.S. increased by much more than expected in the month of February. The Labor Department said its producer price index for final demand climbed by 0.6 percent in February after rising by 0.3 percent in January. Economists had expected producer prices to rise by another 0.3 percent.
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539天前
more news
Y-mAbs Therapeutics CFO Bo Kruse To Retire
Biopharmaceutical company Y-mAbs Therapeutics, Inc. (YMAB) announced Thursday that Chief Financial Officer Bo Kruse has notified the Company of his resignation. Y-mAbs has commenced a search process for a successor.
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539天前
Dollar General Q4 Profit Down 39%, But Results Top Estimates
Discount retailer Dollar General reported on Thursday that net profit for the fourth quarter declined 39 percent from last year, due to lower gross margins, higher expenses and a sales decline across categories. However, adjusted earnings per share and quarterly net sales topped analysts' estimates. The company also provided net sales growth guidance for the full-year 2024, well above estimates.
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539天前
U.S. Retail Sales Rebound Less Than Expected In February
Retail sales in the U.S. rebounded in the month of February, according to a report released by the Commerce Department on Thursday, although the increase fell short of economist estimates.
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539天前
U.S. Weekly Jobless Claims Edge Down To 209,000
The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits edged slightly lower in the week ended February 9th.
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539天前
U.S. Producer Prices Climb Much More Than Expected In February
A report released by the Labor Department on Thursday showed producer prices in the U.S. increased by much more than expected in the month of February.
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539天前
Bay Street Likely To Open Mixed As Traders Eye U.S. Data For Direction
Canadian shares are likely to see a mixed start Thursday morning, with investors tracking data on U.S. producer prices inflation, retail sales and jobless claims for some clues about the Federal Reserve's outlook for interest rates.
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539天前
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