Forex News
European Stocks Close Lower As Weak Earnings Weigh
European stocks closed lower on Thursday, as some disappointing earnings updates outweighed optimism about interest rate cuts, rendering the mood a bit cautious.
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3 days ago
U.S. Industrial Production Unexpectedly Unchanged In April
With a surge in utilities output offset by decreases in mining and manufacturing output, the Federal Reserve released a report on Thursday showing U.S. industrial production came in flat in the month of April. The Fed said industrial production came in unchanged in April after inching up by a downwardly revised 0.1 percent in March.
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3 days ago
Philly Fed Index Indicates Notably Slower Growth In May
Philadelphia-area manufacturing activity saw a notable slowdown in the pace of growth in the month of May, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The Philly Fed said its diffusion index for current general activity tumbled to 4.5 in May from 15.5 in April, although a positive reading still indicates growth.
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3 days ago
EU Probes Meta Over Child Safety Concerns On Facebook And Instagram
The European Commission announced that it has opened formal proceedings against Meta Platforms to assess whether the owner of Facebook and Instagram may have breached the Digital Services Act or DSA in areas linked to the protection of minors. On the Nasdaq Stock Exchange, Meta shares were losing around 1.1 percent.
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3 days ago
U.S. Import Prices Jump 0.9% In April, Much More Than Expected
The Labor Department released a report on Thursday showing U.S. import prices jumped by much more than expected in the month of April. The report said import prices shot up by 0.9 percent in April after climbing by an upwardly revised 0.6 percent in March. Economists had expected import prices to rise by 0.3 percent compared to the 0.4 percent increase originally reported for the previous month.
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3 days ago
U.S. Weekly Jobless Claims Pull Back From More Than Eight-Month High
After reporting a notable increase in first-time claims for U.S. unemployment benefits in the previous week, the Labor Department released a report on Thursday showing jobless claims pulled back roughly in line with estimates in the week ended May 11th. The Labor Department said initial jobless claims fell to 222,000, a decrease of 10,000 from the previous week's revised level of 232,000.
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3 days ago
U.S. Housing Starts Rebound In April But Building Permits Extend Slump
New residential construction in the U.S. rebounded in the month of April, according to a report released by the Commerce Department on Thursday, although the report also unexpectedly showed a continued decrease in building permits.
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3 days ago
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Aptiv And Hyundai Motor Complete Ownership Restructuring Transactions Of Motional AD
Technology company Aptiv plc (APTV) announced Thursday that Aptiv and Hyundai Motor Group have completed the previously announced ownership restructuring transactions of Motional AD LLC.
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3 days ago
Lilly Says Phase 3 Trials Of Once-weekly Insulin In Type 2 Diabetes Meets Primary Endpoint
Eli Lilly and Co. (LLY) announced Thursday positive topline results from the QWINT-2 and QWINT-4 phase 3 clinical trials evaluating once-weekly insulin efsitora alfa (efsitora) in adults with type 2 diabetes using insulin for the first time (insulin naïve) and those who require multiple daily insulin injections.
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3 days ago
U.S. Industrial Production Comes In Flat In April
With a surge in utilities output offset by decrease in mining and manufacturing output, the Federal Reserve released a report on Thursday showing U.S. industrial came in flat in the month of April.
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3 days ago
Tredegar Says Brazilian Regulator Recommends Rejection Of Sale Of Terphane To Oben Group
Industrial manufacturer Tredegar Corp. (TG) announced Thursday that, as part of the Brazilian merger review process regarding the sale of Terphane to Oben Group, the General Superintendence of the Administrative Council for Economic Defense (SG-CADE) issued a non-binding opinion recommending the rejection of the transaction.
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3 days ago
Allstate Corp. Reports Estimated Catastrophe Losses For April Of $494 Mln
Insurer Allstate Corp. (ALL) announced Thursday estimated catastrophe losses for the month of April 2024 of $494 million or $390 million, after-tax.
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3 days ago
Blackstone To Acquire Majority Stake In Priority Software For Undisclosed Terms
Blackstone, Inc. (BX) announced Thursday that Blackstone Growth and affiliated funds have entered into a definitive agreement to acquire a majority stake in Priority Software, a leading provider of mission-critical business software. The terms of the deal were not disclosed.
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3 days ago