Forex News
U.S. Dollar Rises Ahead Of Inflation Data
The U.S. dollar was higher against its major counterparts in the New York session on Friday, as investors awaited the release of U.S. inflation data for April next week, which will guide the outlook for Fed rate cuts.
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4 days ago
European Stocks Close Higher Again, End Week On Bright Note
European stocks closed higher on Friday, with several markets hitting fresh record highs, as investors reacted to some positive economic data and earnings updates, and continued to remain optimistic about interest rate cuts by central banks in the coming months.
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4 days ago
Canadian Market Down Marginally As Investors React To Earnings, Jobs Data
The Canadian market is down marginally in early afternoon trades on Friday with investors digesting the nation's jobs data, and a slew of corporate earnings updates.
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4 days ago
U.S. Consumer Sentiment Tumbles To Six-Month Low In May
A report released by the University of Michigan on Friday showed a substantial deterioration in U.S. consumer sentiment in the month of May. The University of Michigan said its consumer sentiment index plunged to 67.4 in May from 77.2 in April. Economists had expected the index to edge down to 76.0.
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4 days ago
Better Than Expected Q1 Growth Leads UK Out Of Recession
The UK economy ended a technical recession in the first quarter with the economic output growing better than expected and also marked the strongest since late 2021 led by a rebound in the services output and household spending. Gross domestic product grew 0.6 percent from the fourth quarter, when the economy shrunk 0.3 percent, preliminary estimates from the Office for National Statistics showed.
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4 days ago
Boston Omaha Says Co-CEO And Co-Chair Alex Rozek Steps Down On May 9
Diversified company Boston Omaha Corp. (BOC) announced Friday that Alex Rozek, Co-CEO and Co-Chair, has left the Company, effective as of May 9, 2024 to pursue new entrepreneurial opportunities. Adam Peterson will continue to lead the Company as Chair and CEO.
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4 days ago
AlTi Global Swings To Profit In Q1
AlTi Global, Inc. (ALTI) reported Friday net income attributable to AlTi for the first quarter of $29.35 million or $0.18 per share, compared to a net loss of $68.74 million or $1.19 per share in the prior-year quarter.
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4 days ago
more news
Bay Street Likely To Open On Firm Note
Canadian shares look headed for a firm start Friday morning, tracking higher commodity prices, and on optimism about interest rate cuts from major central banks sooner than later. Data on Canadian employment is also set to make an impact.
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4 days ago
United Bankshares To Acquire Piedmont Bancorp In All-stock Deal Of About $267 Mln
United Bankshares, Inc. (UBSI), the parent company of United Bank, and Piedmont Bancorp, Inc., the parent company of The Piedmont Bank, announced Friday they have entered into a definitive merger agreement under which United will acquire 100 percent of the outstanding shares of Piedmont in an all-stock deal valued at about $267 million.
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4 days ago
Construction Partners Q2 Results Top Estimates; Boosts FY24 Outlook
Construction Partners, Inc. (ROAD) reported Friday a net loss for the second quarter that narrowed to $1.12 million or $0.02 per share from $5.48 million or $0.11 per share in the prior-year quarter.
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4 days ago
CPSC Recalls: UTVs, Snowmobiles, Wall Ovens, Chairs, Toy Pinwheels, Nightgowns
The U.S. Consumer Product Safety Commission or CPSC has announced recalls including utility vehicles or UTVs and snowmobiles, as well as electric wall ovens, spin swivel chairs, toy pinwheels, and children's nightgowns citing various reasons. Augusta, Georgia-based Textron Specialized Vehicles is recalling Prowler Pro and Tracker UTVs citing fire risk, as well as Arctic Cat Model Year 2024...
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4 days ago
Sensex, Nifty End Modestly Higher On Firm Global Cues
Indian shares eked out modest gains on Friday as positive global cues offset concerns surrounding rising oil prices and nervousness around the outcome of the Lok Sabha elections.
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4 days ago
European Shares Climb On Rate Cut Hopes; Strong UK GDP Data
European stocks advanced on Friday as signs of a weakening U.S. labor market stoked optimism that the Federal Reserve may cut interest rates in September or November.
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4 days ago
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