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TSX Ends Sharply Higher On Soft U.S. Inflation Data
The Canadian market ended sharply higher on Wednesday as investors picked up stocks across the board, reacting positively to data from U.S. Labor Department that showed consumer prices came in flat in the month of July.
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1491 days ago
Dollar Loses Ground As Rate Hike Expectations Fade After Tame Inflation Data
The U.S. dollar drifted lower against its major rivals on Wednesday as data showing the nation's consumer inflation slowed more than expected in July, raising speculation that the central bank will be less aggressive with regard to interest rate hike in September.
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1491 days ago
Swiss Market Recovers After Weak Spell, Ends On Positive Note
The Switzerland stock market ended modestly higher on Wednesday, tracking positive global cues after data from U.S. Labor Department showed consumer price inflation in the world's largest economy came in flat in the month of July.
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1491 days ago
European Stocks Close Higher On Soft U.S. Inflation Data
European stocks closed higher on Wednesday amid easing worries about aggressive monetary tightening by the Federal Reserve after data from the Labor Department showed consumer price inflation in the U.S. slowed more than expected in the month of July.
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1491 days ago
Canadian Market Up Sharply On Soft U.S. Inflation Data; Technology Stocks Rally
The Canadian market is up sharply Wednesday morning, with investors reacting positively to data from the U.S. Labor Department that showed consumer prices came in flat in the month of July.
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1491 days ago
U.S. Wholesale Inventories Jump Slightly Less Than Expected In June
A report released by the Commerce Department on Wednesday showed a continued surge in U.S. wholesale inventories in the month of June. The Commerce Department said wholesale inventories shot up by 1.8 percent in June after leaping by an upwardly revised 1.9 percent in May.
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1491 days ago
Dollar Dips As Fed Rate Hike Expectations Ebb After Soft U.S. Inflation Data
The U.S. dollar lost ground against its major counterparts in the European session on Wednesday, as the nation's consumer inflation slowed more than expected in July, reducing expectations for a 75 basis-point rate hike by the Federal Reserve in September.
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1491 days ago
more news
U.S. Consumer Prices Unchanged In July, Annual Growth Slows More Than Expected
With a sharp pullback in gasoline prices offsetting higher prices for food and shelter, the Labor Department released a report on Wednesday showing U.S. consumer prices came in flat in the month of July. The Labor Department said its consumer price index was unchanged in July after jumping by 1.3 percent in June.
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1492 days ago
WhatsApp Introducing New Privacy Features
Meta Platforms Inc., the parent of Facebook, Instagram, and WhatsApp, has added three more new privacy features to WhatsApp in its bid to enhance control and privacy on the popular messaging app. These features will give the user more control over their messages with added interlocking layers of protection.
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1492 days ago
U.S. Consumer Prices Unexpectedly Unchanged In July
With a sharp pullback in gasoline prices offsetting higher prices for food and shelter, the Labor Department released a report on Wednesday showing U.S. consumer prices came in flat in the month of July.
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1492 days ago
Dollar Drops Further Following U.S. CPI
Following the release of U.S. CPI for July at 8.30 am ET Wednesday, the greenback declined further against its major counterparts.
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1492 days ago
Dollar Falls Ahead Of U.S. CPI
At 8.30 am ET Wednesday, U.S. CPI for July is set for release. Ahead of the data, the greenback dropped against its major counterparts.
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1492 days ago
Nikola Promotes Michael Lohscheller To Succeed Mark Russell As President And CEO
Energy infrastructure firm Nikola Corp. (NKLA) announced Wednesday that Chief Executive Officer and President Mark Russell will retire, effective January 1, 2023. The company has promoted current Nikola Motor President Michael Lohscheller to succeed Russell.
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1492 days ago
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