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U.S. Industrial Production Unexpectedly Unchanged In January
With a nosedive by utilities output offsetting notable increases in mining and manufacturing output, the Federal Reserve released a report on Wednesday showing U.S. industrial production was unexpectedly unchanged in month of January.
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1306 days ago
New York Manufacturing Index Indicates Notably Slower Contraction In February
A report released by the Federal Reserve Bank of New York on Wednesday showed a significant slowdown in the pace of contraction in regional manufacturing activity in the month of February. The New York Fed said its general business conditions index soared to a negative 5.8 in February from a negative 32.9 in January, although a negative reading still indicates a contraction.
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1306 days ago
U.S. Retail Sales Surge 3.0% In January, Much More Than Expected
Retail sales in the U.S. saw a substantial increase in the month of January, according to a report released by the Commerce Department on Wednesday. The report said retail sales spiked by 3.0 percent in January after tumbling by 1.1 percent in December. Economists had expected retail sales to jump by 1.8 percent.
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1306 days ago
GoPro Board Authorizes Addl $40 Mln Buyback Of Its Class A Common Stock
GoPro, Inc. (GPRO) announced Wednesday that its board of directors has authorized the company to repurchase an additional $40 million of its Class A common stock.
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1306 days ago
New York Manufacturing Index Rebounds More Than Expected In February
A report released by the Federal Reserve Bank of New York on Wednesday showed a significant slowdown in the pace of contraction in regional manufacturing activity in the month of February.
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1306 days ago
Spain Inflation Rises To 5.9% Amid Higher Food Costs
Spain's consumer price inflation rose more than initially estimated in January, largely driven by increased food costs, final data from the statistical office INE revealed on Wednesday. The consumer price index climbed to 5.9 percent year-over-year in January, faster than the 5.7 percent gain in December. In the initial estimate, the rate of increase was 5.8 percent.
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1306 days ago
U.S. Retail Sales Surge More Than Expected In January
Retail sales in the U.S. saw a substantial increase in the month of January, according to a report released by the Commerce Department on Wednesday.
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1306 days ago
more news
Bay Street Likely To Open Lower
Canadian shares are likely to open on a negative note Wednesday morning, tracking lower commodity prices.
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1306 days ago
Ryder System Guides FY23 Adj. EPS Above Estimates; Authorizes 2 Mln Share Buyback - Update
While reporting financial results for the fourth quarter on Wednesday, Ryder System, Inc. (R) initiated its earnings, comparable earnings and revenue growth guidance for the full-year 2023. The company also provided financial outlook for the first quarter.
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1306 days ago
Biogen Q4 Results Top Estimates
Biotechnology company Biogen Inc. reported Wednesday that profit for the fourth quarter surged 50 percent from last year, reflecting lower expenses despite a 7 percent revenue growth. However, adjusted earnings per share and quarterly revenues topped analysts' expectations. The company also initiated adjusted earnings and revenue growth guidance for the full-year 2023, in line with estimates.
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1306 days ago
Eurozone Industrial Output Falls; Trade Deficit Widens
Reflective of weak economic activity towards the end of the year, Eurozone industrial production declined more than expected and the trade deficit widened in December, suggesting that the currency bloc is not far from a recession. Industrial production was down 1.1 percent on a monthly basis in December, in contrast to the 1.4 percent increase in November
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1306 days ago
Analog Devices Guides Q2 Above Estimates; Boosts Dividend 13% - Update
While reporting financial results for the first quarter on Wednesday, semiconductor company Analog Devices Inc. (ADI) provided earnings and revenue guidance for the second quarter, above analysts' expectations.
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1306 days ago
Caleres Boosts FY22 Outlook
While reporting preliminary results for the fourth quarter on Wednesday, footwear brand Caleres Inc. (CAL) raised its adjusted earnings and sales growth guidance for the full-year 2022, based on a stronger-than-anticipated holiday performance and continued robust demand for its lead brands.
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1306 days ago
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