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European Stocks Close On Weak Note On Interest Rate Concerns

European stocks closed on a very weak note on Wednesday with several markets dropping to multi-week lows, amid uncertainty about the outlook for Fed interest rates, ahead of some crucial inflation data, including a reading on U.S. income and spending.
RTTNews | 861 hari yang lalu
Pound Weakens On Rate Worries

Pound Weakens On Rate Worries

The pound declined against its major counterparts in the New York session on Wednesday, as a jump in U.S. Treasury yields stoked concerns that U.S. interest rates will likely stay higher for longer.
RTTNews | 861 hari yang lalu
German Inflation Climbs To 2.8% In May

German Inflation Climbs To 2.8% In May

Germany's consumer price inflation accelerated in May and core inflation remained steady, suggesting the stickiness of inflation that could cloud the outlook for the European Central Bank as it prepares to lower interest rates next week. Inflation, based on the harmonized index of consumer prices or HICP, climbed to 2.8 percent from 2.4 percent in April.
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Czech Billionaire To Own Britain's 500-year Old Postal Service Royal Mail - Update

Czech Billionaire To Own Britain's 500-year Old Postal Service Royal Mail - Update

International Distributions Services plc, the owner of Britain's 500-year old postal service and courier company Royal Mail, has agreed to a takeover offer by EP Corporate Group, owned by Czech billionaire Daniel Kretinsky. The total deal value is around 3.568 billion pounds on a fully diluted basis, while enterprise value is 5.284 billion pounds for the country's one of the most iconic...
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IMF Raises China Growth Outlook On Strong Q1 GDP, Policy Measures

IMF Raises China Growth Outlook On Strong Q1 GDP, Policy Measures

The International Monetary Fund raised China's growth projections citing strong first quarter growth data and recent policy measures, but cautioned about downside risks to growth. The Washington-based lender expects the second-largest economy to grow 5 percent this year, which is faster than the 4.6 percent projected in April. Likewise, the outlook for 2025 was lifted to 4.5 percent from 4.1 perc
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Bay Street Likely To Open On Weak Note

Bay Street Likely To Open On Weak Note

Canadian shares look headed for a weak start Wednesday morning with some hawkish comments from Fed officials raising concerns about the outlook for interest rate. Weak metal prices are likely to weigh as well.
RTTNews | 861 hari yang lalu
DICK'S Sporting Boosts FY24 Outlook As Q1 Results Top Estimates

DICK'S Sporting Boosts FY24 Outlook As Q1 Results Top Estimates

While reporting financial results for the first quarter on Wednesday, sporting goods retailer DICK'S Sporting Goods Inc. (DKS) raised its earnings, net sales and consolidated same store sales growth guidance for the full-year 2024.
RTTNews | 861 hari yang lalu
Advance Auto Parts Boosts FY24 Net Sales Outlook; Q1 Results Miss Estimates

Advance Auto Parts Boosts FY24 Net Sales Outlook; Q1 Results Miss Estimates

While reporting financial results for the first quarter on Wednesday, automotive aftermarket parts provider Advance Auto Parts Inc. (AAP) maintained its earnings and comparable store sales growth guidance for the full year 2024, while boosting annual net sales outlook.
RTTNews | 861 hari yang lalu

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