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Currency Markets Remain Tethered To Monetary Policy Cues
Data showing stubborn inflation in the U.S and the hawkish central bank commentary it triggered, dictated U.S. dollar's movements through most of the week ended February 17.
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1300 days ago
German Economic Sentiment Improves For Fifth Month: ZEW
Germany's economic confidence rose for the fifth month in a row and at a faster than expected pace in February, results of the ZEW survey showed Tuesday, adding strength to the view that the biggest euro area economy may indeed avoid a recession. The ZEW Indicator of Economic Sentiment climbed to 28.1 points from 16.9 in January, the Mannheim-based think tank said.
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1300 days ago
Aileron Terminates Phase 1b Breast Cancer Chemoprotection Trial Of ALRN-6924
Aileron Therapeutics (ALRN) announced Tuesday that a review of initial data from its Phase 1b chemoprotection trial of ALRN-6924 in patients with p53-mutated breast cancer showed that patients in the trial experienced severe neutropenia (Grade 4) and alopecia.
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1300 days ago
Canadian Dollar Retreats After Economic Data
Canada retail sales for December and CPI for January have been released at 8:30 am ET Tuesday. After these data, the loonie retreated against its major counterparts.
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1300 days ago
Teck Resources Q4 Profit Plunges; Backs FY23 Production Outlook
Teck Resources Ltd. (TECK, TECK_A.TO, TECK_B.TO) reported Tuesday that fourth-quarter profit attributable to shareholders plunged to C$247 million or C$0.47 per share from C$1.53 billion or C$2.83 per share last year.
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1300 days ago
UK Private Sector Returns To Growth On Improving Demand
The UK private sector expanded for the first time since July 2022, and at the fastest pace in eight months in February, amid the improving customer demand and business confidence as inflation and supply shortage concerns cooled, results of the closely watched purchasing managers' survey by S&P Global revealed Tuesday.
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1300 days ago
United Airlines Unveils New Family Seating Policy
United Airlines Holdings, Inc. has updated its family seating policy to allow children under 12-years old to sit next to an adult in their party for free of charge. The complete policy change will go into effect in early March. In a statement, the airline said the improved policy will make it easier than ever for families with children, regardless of the type of ticket purchased...
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1300 days ago
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Walmart Q4 Results Top Estimates
Retail giant Walmart Inc. (WMT) reported Thursday a profit for the fourth quarter that surged 76 percent from last year, driven by 7.3 revenue growth amid broad-based strength across segments in stores and eCommerce. Both adjusted earnings per share and quarterly revenues topped analysts' expectations.
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1300 days ago
Swiss Exports Rise 2.5% In January
Switzerland's exports increased for the second consecutive month in January on the back of strong demand for chemical and pharmaceutical items, data from the Federal Customs Administration showed on Tuesday. Exports climbed by a real 2.5 percent monthly in January, following the 5.6 percent gain in the previous month. Meanwhile, imports rose only 0.2 percent over the month.
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1300 days ago
Pound Appreciates Amid Better-than-expected U.K. PMI Data
The pound firmed against its major counterparts in the European session on Tuesday, as the U.K. private sector activity returned to expansion in February for the first time since July 2022.
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1300 days ago
Eurozone Private Sector Logs Fastest Growth In 9 Months
Eurozone business activity grew the most in nine months in February thanks to the improvement in services activity and manufacturing output returning to the growth territory amid fading supply-side problems, a private survey showed Tuesday. The composite output index rose more-than-expected to 52.3 in February from 50.3 in the previous month, flash survey results from S&P Global revealed. The exp
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1300 days ago
Medtronic Boosts FY23 Adj. EPS Outlook - Update
While reporting financial results for the third quarter on Tuesday, medical devices maker Medtronic plc. (MDT) provided its revenue growth guidance for the fourth quarter and raised adjusted earnings outlook for the full-year 2023, based on third quarter performance.
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1300 days ago
Walker & Dunlop Q4 Results Miss Estimates; Boosts Dividend 5%
Walker & Dunlop, Inc. (WD) reported Thursday that net income for the fourth quarter declined to $41.38 million or $1.24 per share from $79.93 million or $2.42 per share in the prior-year quarter.
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1300 days ago
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