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Philly Fed Index Soars To Nearly Five-Year High In July

A report released by the Federal Reserve Bank of Philadelphia on Thursday showed its reading on regional manufacturing activity soared by much more than expected in the month of July. The Philly Fed said its diffusion index for current general activity skyrocketed to 41.4 in July from 10.3 in June, with a positive reading indicating growth. Economists had expected the index to rise to 13.0.
RTTNews | 56 days ago
Abbott Q2 Profit Plunges, Lifts FY26 Adj. EPS View, Backs Sales Forecast; Stock Up 11%

Abbott Q2 Profit Plunges, Lifts FY26 Adj. EPS View, Backs Sales Forecast; Stock Up 11%

Shares of Abbott Laboratories were gaining around 11 percent in the early morning trading on the NYE, after the medical devices and health care company on Thursday said it has raised fiscal 2026 adjusted earnings outlook, despite reporting sharply lower profit in its second quarter. The firm recorded higher net sales in the quarter and maintained fiscal 2026 comparable sales view.
RTTNews | 56 days ago
U.S. Retail Sales Rise 0.2% In June As Auto Sales Jump, Gas Station Sales Plunge

U.S. Retail Sales Rise 0.2% In June As Auto Sales Jump, Gas Station Sales Plunge

Largely reflecting a surge in sales by motor vehicle and parts dealers, the Commerce Department released a report on Thursday showing a modest increase in U.S. retail sales in the month of June. The Commerce Department said retail sales crept up by 0.2 percent in June after climbing by an upwardly revised 1.0 percent in May.
RTTNews | 56 days ago
U.S. Jobless Claims Unexpectedly Dip To Two-Month Low

U.S. Jobless Claims Unexpectedly Dip To Two-Month Low

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits unexpectedly dipped in the week ended July 11th. The Labor Department said initial jobless claims fell to 208,000, a decrease of 8,000 from the previous week's revised level of 216,000. Economists had expected jobless claims to rise to 220,000.
RTTNews | 56 days ago
Philly Fed Index Soars Far More Than Expected In July

Philly Fed Index Soars Far More Than Expected In July

A report released by the Federal Reserve Bank of Philadelphia on Thursday showed a much bigger than expected increase by its reading on regional manufacturing activity in the month of July.
RTTNews | 56 days ago
U.S. Retail Sales Edge Modestly Higher In June

U.S. Retail Sales Edge Modestly Higher In June

Largely reflecting a surge in sales by motor vehicle and parts dealers, the Commerce Department released a report on Thursday showing a modest increase in U.S. retail sales in the month of June.
RTTNews | 56 days ago
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Canadian Market May Open Slightly Lower

Canadian Market May Open Slightly Lower

Lower Canadian and U.S. futures and weak bullion prices point to a negative start on Bay Street Thursday morning. Worries about escalating tensions in the Middle East may also weigh on sentiment.
RTTNews | 56 days ago
UK Economy Grows 0.1%

UK Economy Grows 0.1%

The UK economy expanded at a marginal pace in May as the service sector provided momentum but renewed tensions in the Middle East threaten the outlook. Gross domestic product grew unexpectedly by 0.1 percent, offsetting a 0.1 percent fall in April, which was the first drop since October 2025, the Office for National Statistics reported Thursday. GDP was forecast to remain flat in May.
RTTNews | 56 days ago
Unitedhealth Stock Gains On Strong Q2 Profit, Raised FY26 Outlook

Unitedhealth Stock Gains On Strong Q2 Profit, Raised FY26 Outlook

Shares of UnitedHealth Group Inc. were gaining around 7 percent in the pre-market activity on the NYSE, after the health care and well-being major on Thursday raised fiscal 2026 outlook after reporting strong growth in second-quarter profit, even though premiums were lower. The company added that its on track to repurchase at least $5.0 billion for the full year 2026.
RTTNews | 56 days ago
FTSE 100 Modestly Lower In Cautious Trade

FTSE 100 Modestly Lower In Cautious Trade

The UK market's benchmark index FTSE 100, which recovered some ground after an early fall, remained in negative territory at noon on Thursday with investors staying reluctant to pick up stocks amid worries about the ongoing conflict in the Middle East.
RTTNews | 56 days ago
Indian Shares Give Up Early Gains To End Flat

Indian Shares Give Up Early Gains To End Flat

Indian shares gave up early gains to end on a flat note on Thursday as traders focused on inflation risks stemming from higher energy prices and supply disruptions linked to the Iran war.
RTTNews | 56 days ago
South Korean Won Rises To More Than 2-month High After BoK Rate Decision

South Korean Won Rises To More Than 2-month High After BoK Rate Decision

The South Korean won strengthened against the U.S. dollar in the European session on Thursday, after the Bank of Korea raised its benchmark interest rate for the first time since 2023 as inflation is projected to stay above 2 percent target for a considerable time.
RTTNews | 56 days ago

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