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U.S. Dollar Appreciates As Hot Inflation Data Reinforces Fed Rate Hike Bets
The U.S. dollar drifted higher against its major counterparts in the European session on Wednesday, as the nation's consumer inflation accelerated more than expected in June, cementing hopes for aggressive monetary policy tightening by the Federal Reserve.
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1519 days ago
Lego To Indefinitely Cease Operations In Russia
Lego Group has joined the long list of major global brands that have suspended or exited their commercial operations in Russia following the ongoing Russia-Ukraine conflict. The Danish toy maker has decided to indefinitely cease commercial operations in Russia and also laid off about 90 Moscow-based employees.
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1519 days ago
U.S. Consumer Price Growth Accelerates To New Four-Decade High In June
The Labor Department released a highly anticipated report on Wednesday showing U.S. consumer prices surged by more than expected in the month of June. The report showed the consumer price index shot up by 1.3 percent in June after jumping by 1.0 percent in May. Economists had expected consumer prices to leap by 1.1 percent.
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1519 days ago
Entergy COO Paul Hinnenkamp To Retire; Peter Norgeot Jr. To Succed Him
Integrated energy company Entergy Corp. (ETR) announced Wednesday that Paul Hinnenkamp, executive vice president and chief operating officer, will retire from the company, effective August 12, following a nearly 40-year career in the energy industry.
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1519 days ago
CACI Granted $557.8 Mln IAC MAC Task Order By U.S. Navy
CACI International, Inc. (CACI) announced Wednesday that it was awarded a $557.8 million single-award task order under the Department of Defense Information Analysis Center Multiple Award Contract (IAC MAC) vehicle.
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1519 days ago
U.S. Consumer Prices Jump More Than Expected In June
The Labor Department released a highly anticipated report on Wednesday showing U.S. consumer prices surged by more than expected in the month of June.
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1519 days ago
Dollar Climbs Following U.S. CPI
Following the release of U.S. CPI for June at 8.30 am ET Wednesday, the greenback rose against its major counterparts.
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1519 days ago
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Dollar Mixed Ahead Of U.S. CPI
At 8.30 am ET Wednesday, U.S. CPI for June is set for release. Ahead of the data, the greenback traded mixed against its major counterparts. While it held steady against the yen, it fell against the rest of major rivals.
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1519 days ago
Bay Street Seen Opening On Cautious Note; BoC Rate Decision, U.S. Inflation Data In Focus
Canadian shares are likely to open on a cautious note on Wednesday, with the focus on the Bank of Canada's interest rate decision. Weak European markets and concerns about growth might weigh on sentiment.
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1519 days ago
China Exports Growth Exceeds Expectations In June
China's exports growth accelerated in June as companies revived operations following the easing of restrictions related to the pandemic, while imports logged a slower growth, official data showed on Wednesday. With the reopening of ports, the annual growth in exports accelerated to 17.9 percent from 16.9 percent in May, the General Administration of Customs said. The rate was forecast to ease to
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1519 days ago
Unity Software Wholly-owned Subsidiary To Merge With IronSource In All-stock Deal
Video game software development firm Unity Software Inc. (U) and Israeli mobile content creator software developer ironSource (IS) announced Wednesday that they have entered into a definitive agreement under which ironSource will merge into a wholly-owned subsidiary of Unity via an all-stock deal.
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1519 days ago
Delta Air Lines Q2 Profit Declines, Miss Estimates
Delta Air Lines, Inc. (DAL) on Wednesday reported a net income for the second quarter of $735 million or $1.15 per share, down from $1.44 billion or $2.21 per share in the 2019 June quarter.
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1519 days ago
Sensex, Nifty End Lower For Third Day
Indian shares ended lower for a third day running on Wednesday, with heavyweight Reliance Industries and HDFC twins leading losses.
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1519 days ago
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