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U.S. Manufacturing Index Remains At Two-Year Low In August
A report released by the Institute for Supply Management on Thursday showed its reading on U.S. manufacturing activity remained at a two-year low in August. The ISM said its manufacturing PMI came in at 52.8 in August, unchanged from July. Economists had expected the index to edge down to 52.0.
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vor 862 Tagen
Slump In Second Quarter U.S. Labor Productivity Revised To 4.1%
Labor productivity in the U.S. tumbled by less than previously estimated in the second quarter, according to revised data released by the Labor Department on Thursday. The Labor Department said labor productivity dove by 4.1 percent in the second quarter compared to the previously reported 4.6 percent plunge.
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vor 863 Tagen
Hyundai Motor America August Total Sales Up 14%
Hyundai Motor America reported Thursday that it sold a total of 64,335 units in the month of August, up 14 percent from last year's 56,200 units, driven by new August sales records for Santa Cruz, Venu, Santa Fe HEV, Palisade and Tucson HEV.
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vor 863 Tagen
U.S. Jobless Claims Unexpectedly Dip To Two-Month Low
With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday unexpectedly showing a modest decrease in first-time claims for U.S. unemployment benefits in the week ended August 27th.
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vor 863 Tagen
U.S. Dollar Higher On Fed Rate Hike Bets
The U.S. dollar advanced against its most major counterparts in the European session on Thursday, on growing hopes of aggressive rate hikes by the Federal Reserve to control inflation.
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vor 863 Tagen
Eurozone Manufacturing Activity Contracts Further In August
The euro area manufacturing activity shrank for the second straight month in August, adding to fears of recession in the currency bloc, final survey data from S&P Global showed Thursday. The final factory Purchasing Managers' Index declined to a 26-month low of 49.6 in August from 49.8 in the previous month.
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vor 863 Tagen
Campbell Soup Q4 Profit Plunges, But Results Meet Estimates
Campbell Soup reported on Thursday a profit for the fourth quarter that plunged from last year, hurt by higher costs and expenses amid industry-wide inflation and supply constraints. Both adjusted earnings per share and net sales for the quarter met analysts' estimates. The company also initiated financial guidance for the full-year 2023.
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vor 863 Tagen
more news
U.S. Labor Productivity Tumbles Less Than Previously Estimated In Q2
Labor productivity in the U.S. tumbled by less than previously estimated in the second quarter, according to revised data released by the Labor Department on Thursday.
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vor 863 Tagen
Bay Street Likely To Open Notably Lower
Canadian shares look headed for weak start on Thursday, tracking losses in Asian and European markets, and sharply lower commodity prices.
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vor 863 Tagen
U.S. Weekly Jobless Claims Unexpectedly Show Modest Decrease
With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday unexpectedly showing a modest decrease in first-time claims for U.S. unemployment benefits in the week ended August 27th.
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vor 863 Tagen
Eurozone Jobless Rate At Record Low
The euro area jobless rate fell to a historic low in July despite fears of recession, data released by Eurostat revealed on Thursday. The jobless rate fell to a seasonally adjusted 6.6 percent from revised 6.7 percent in June. In the same period last year, the rate was 7.7 percent.
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vor 863 Tagen
Genesco Q2 Adj. EPS Tops Estimates; Slashes FY23 Outlook
Specialty retailer Genesco, Inc. (GCO) on Thursday reported that net earnings for the second quarter declined to $7.64 million or $0.59 per share from $10.94 million or $0.75 per share in the prior-year quarter.
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vor 863 Tagen
UK Manufacturing Activity Contracts Most Since 2020
The UK manufacturing sector registered its sharpest contraction since May 2020 on steep decreases in production and order intake, final survey results from S&P Global showed Thursday. The Chartered Institute of Procurement & Supply factory Purchasing Managers' Index fell to 47.3 in August from 52.1 in July. But the score was above the flash estimate of 46.0.
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vor 863 Tagen
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