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U.S. Dollar Extends Upward Trend Amid Interest Rate Worries
The value of the U.S. dollar has moved over the course of trading on Friday, extending a recent upward trend.
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1483 days ago
Swiss Market Pares Gains, Ends Slightly Down
After recovering from a weak start, the Switzerland stock market recovered and stayed positive till the final hour and finally ended marginally down on Friday.
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1483 days ago
European Stocks Close Lower As Growth Worries Weigh
European stocks closed lower on Friday amid concerns about slowing economic growth, soaring inflation and prospects of more interest rate hikes by central banks in the coming months.
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1483 days ago
Canadian Market Down Firmly In Negative Territory At Noon
The Canadian market is down firmly in negative territory around noon on Friday, weighed down by losses in technology, healthcare and materials sections.
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1483 days ago
Fed Rate Hike Bets Lift U.S. Dollar
The U.S. dollar appreciated against its major counterparts in the New York session on Friday, in response to comments from several Federal Reserve officials affirming the need for more policy tightening to battle high inflation.
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1483 days ago
Foot Locker, Buckle Report Q2 Net Profit Declines
Specialty athletic retailer Foot Locker, Inc. reported Friday a second-quarter net profit that plunged from last year, hurt by a sales decline amid markdowns. Quarterly sales met Street estimates. The company also trimmed it adjusted earnings and sales growth guidance for the full-year 2022.
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1483 days ago
Bay Street Seen Opening On Weak Note
Weak commodity prices and worries about inflation and interest rate hikes are likely to weigh on Canadian shares Friday morning.
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1483 days ago
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Acorda Therapeutics COO Lauren Sabella To Resign
Biotechnology company Acorda Therapeutics, Inc. (ACOR) announced Friday that Lauren Sabella, Chief Operating Officer, will resign from the Company effective September 30, 2022. She will be working in a strategic advisory role for early-stage biotechnology companies.
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1483 days ago
Indian Rupee Falls To More Than 3-week Low Against U.S. Dollar
The Indian rupee dropped against the U.S. dollar in the evening deals on Friday, as hawkish comments from the Federal Reserve officials underpinned the latter.
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1483 days ago
Foot Locker Appoints Mary Dillon To Succeed Richard Johnson As President And CEO
Specialty athletic retailer Foot Locker, Inc. (FL) announced Friday that, as part of a planned succession process, Richard Johnson will retire as President and Chief Executive Officer, effective September 1, 2022.
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1483 days ago
Sensex, Nifty Tumble On US Rate Hike Uncertainty
Indian shares fell sharply on Friday amid uncertainty over how big will future U.S. rate hikes be.
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1483 days ago
Gold Slips As Dollar Holds Gains Amid Economic Uncertainty
Gold prices inched lower on Friday as the dollar held gains amid uncertainty over how big will future U.S. rate hikes be.
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1483 days ago
Japanese Yen Lower On Fed-BOJ Policy Divergence
The Japanese yen weakened against its major counterparts in the European session on Friday, as hawkish comments from Federal Reserve officials raised expectations that monetary policy divergence between the U.S. central bank and its Japanese counterpart will widen again.
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1483 days ago
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