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Top Economic Institutes Slash Germany's 2024 Growth Forecast To 0.1%

Germany's leading five economic think tanks significantly lowered the biggest euro area economy's growth forecast for this year on Wednesday, citing cyclical and structural weakness amid sluggish economic activity. The German economy is now projected to grow just 0.1 percent this year, the institutes said in their spring report.
RTTNews | 920 hari yang lalu
Eurozone Economic Confidence Strengthens In March

Eurozone Economic Confidence Strengthens In March

Eurozone economic sentiment rose to a three-month high in March driven by the improvement across all sectors except construction, survey data from the European Commission revealed on Wednesday. The economic sentiment index climbed to 96.3 in March, as expected, from 95.5 in the previous month.
RTTNews | 920 hari yang lalu
Lands' End Q4 Loss Sharply Widens

Lands' End Q4 Loss Sharply Widens

Uni-channel retailer Lands' End, Inc. (LE) reported Wednesday that net loss for the fourth quarter widened to $8.62 million or $0.27 per share from $3.30 million or $0.10 per share in the prior-year quarter.
RTTNews | 920 hari yang lalu
Donald Trump's Social Media Stock Jumps In Debut

Donald Trump's Social Media Stock Jumps In Debut

Shares of Trump Media & Technology Group Corp. or TMTG, the operator of the social media platform Truth Social founded by former U.S. President Donald Trump, gained big in its Tuesday's debut on the Nasdaq stock exchange. Trump Media shares, which climbed as much as 50 percent in the initial trading, closed Tuesday at 16.1 percent higher reaching a market capitalization of $6.58 billion.
RTTNews | 920 hari yang lalu
European Shares Mixed Ahead Of Key Inflation Readings

European Shares Mixed Ahead Of Key Inflation Readings

European stocks traded mixed on Wednesday ahead of the euro-zone consumer and economic sentiment data for March due out later in the day, and the all-important U.S. personal expenditure consumption data on Friday.
RTTNews | 920 hari yang lalu
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DAX Edges Higher Ahead Of Key Regional Data

DAX Edges Higher Ahead Of Key Regional Data

German stocks traded slightly higher on Wednesday ahead of the euro-zone consumer and economic sentiment data for March due out later in the day and the all-important U.S. personal expenditure consumption data on Friday.
RTTNews | 920 hari yang lalu
Asian Shares Mixed; Nikkei Surges On Weak Yen

Asian Shares Mixed; Nikkei Surges On Weak Yen

Asian stocks ended mixed in a holiday-shortened week on Wednesday, with Chinese and Hong Kong markets leading regional losses on growth worries while Japanese stocks rallied on yen weakness amid dovish BOJ talk.
RTTNews | 920 hari yang lalu
Commodity Currencies Slide Amid Risk Aversion

Commodity Currencies Slide Amid Risk Aversion

The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Wednesday amid risk aversion, as traders continued to be cautious and look ahead to key U.S. and European inflation readings later in the week and comments from central bank officials for additional clues on the interest rate outlook.
RTTNews | 920 hari yang lalu
FDA Warns Against OTC Pain Relief Products By Six Companies

FDA Warns Against OTC Pain Relief Products By Six Companies

The U.S. Food and Drug Administration has warned against certain over-the-counter analgesic or pain relief products by six companies citing potential for dangerous health effects. These products are marketed for topical use to relieve pain before, during or after certain cosmetic procedures, such as microdermabrasion, laser hair removal, tattooing and piercing.
RTTNews | 920 hari yang lalu

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