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Swiss Market Ends Moderately Lower
The Switzerland stock market ended moderately lower on Wednesday as worries about inflation and interest rates weighed on sentiment.
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1219 days ago
European Stocks Close Broadly Lower
European stocks ended broadly lower on Wednesday as investors largely stayed cautious, digesting the latest batch of economic data and focusing on U.S. debt ceiling negotiations.
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1219 days ago
Canadian Market Recovers After Weak Start, Down Marginally At Noon
The Canadian market is down marginally a little past noon on Wednesday with investors largely making cautious moves amid concerns about inflation and interest rates after data showed a bigger than expected increase in Canadian consumer prices in April.
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1219 days ago
Target, TJX Q1 Earnings Top Estimates
Discount retailer Target Corp. and off-price retailer TJX Cos. Inc. reported Wednesday a profit for the first quarter that topped analysts' estimates. Profit declined 5.8 percent at Target, reflecting higher expenses and provision for income taxes, despite a 0.6 percent growth in revenues. Profit at TJX surged from last year, driven by improved gross margins and revenue growth.
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1219 days ago
U.S. Housing Starts Unexpectedly Rebound But Building Permits Extend Slump
New residential construction in the U.S. unexpectedly saw a significant rebound in the month of April, according to a report released by the Commerce Department on Wednesday. The report said housing starts jumped by 2.2 percent to an annual rate of 1.401 million in April after plunging by 4.5 percent to a revised rate of 1.371 million in March.
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1219 days ago
DOJ Charges Former Apple Employee With Stealing Autonomous Car Tech
The U.S. Department of Justice has charged a former Apple software engineer with stealing the tech major's autonomous technology for an unnamed Chinese self-driving car company. Weibao Wang, who worked at Apple from 2016 to 2018, was charged with six counts of theft or attempted theft by prosecutors. He is found to have stolen the entire Project source code on Apple's autonomous technology,...
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1220 days ago
U.S. Debt Ceiling Deadlock Boosts Dollar
The U.S. dollar was higher against its major counterparts in the European session on Wednesday, as a deadlock over raising the government's borrowing limit lifted the demand of the safe-haven currency.
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1220 days ago
more news
U.S. Housing Starts Unexpectedly Rebound In April
New residential construction in the U.S. unexpectedly saw a significant rebound in the month of April, according to a report released by the Commerce Department on Wednesday.
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1220 days ago
Eurozone Inflation Accelerates As Expected
Eurozone inflation rose as estimated in April on higher food and energy prices, while core inflation slowed slightly, final data from Eurostat showed Wednesday. The harmonized index of consumer prices posted an annual growth of 7.0 percent in April, following a 6.9 percent rise in March. The rate was in line with the preliminary estimate released on May 2.
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1220 days ago
Bay Street Likely To Open On Mixed Note
Canadian shares are likely to open on a mixed note on Wednesday, tracking somewhat subdued European stocks and mixed commodities prices.
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1220 days ago
TJX Companies Boosts FY24 Earnings Outlook - Update
While reporting financial results for the first quarter on Wednesday, off-price retailer TJX Companies, Inc. (TJX) provided its earnings outlook for the second quarter, while raising its earnings guidance for the full-year 2024.
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1220 days ago
Target Maintains FY23 Outlook - Update
While reporting financial results for the first quarter on Wednesday, discount retailer Target Corp. (TGT) maintained its earnings, adjusted earnings and comparable sales guidance for the full-year 2023. The company also provided outlook for the second quarter.
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1220 days ago
Sensex Tumbles 372 Points; Nifty Ends Below 18,200
Indian shares fell sharply on Wednesday as the U.S. debt ceiling impasse continued and hawkish comments from Federal Reserve officials bolstered the chance of a 25-bps rate hike at the June FOMC meeting.
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1220 days ago
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