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Fed's Powell Says Policymakers Need More Evidence Before Rate Cut
Recent inflation data do suggest a disinflationary trend in the U.S. economy, but more evidence is needed before policymakers can cut interest rates, Federal Reserve Chair Jerome Powell said Tuesday.
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vor 122 Tagen
Swiss Market Ends On Weak Note
Swiss stocks closed weak on Tuesday after languishing in negative territory right through the day's session, tracking the trend in European markets. Uncertainty about the outlook for Fed and ECB interest rates weighed on the market.
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vor 122 Tagen
European Stocks Close Lower On Interest Rate Uncertainty, Political Concerns
European stocks closed lower on Tuesday, weighed down by the developments on the political front in the region, comments from some ECB officials that the central bank is unlikely to cut interest rates anytime soon, and lingering uncertainty about the outlook for U.S. interest rates.
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vor 122 Tagen
U.S. Dollar Drops As Powell Signals Progress On Softening Of Price Pressures
The U.S. dollar weakened against its major counterparts in the New York session on Tuesday, as Federal Reserve Chair Jerome Powell signalled progress on cooling in inflation.
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vor 122 Tagen
LSEG Inks Multi-year Data, News, And Analytics Partnership Deal With Dow Jones
London Stock Exchange Group or LSEG (LSE.L), and Dow Jones (NWS) announced Tuesday a new, multi-year data, news, and analytics partnership. Under the deal, Dow Jones's globally renowned newsrooms will be available within LSEG Workspace.
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vor 122 Tagen
Boeing Secures Order For Four 777 Freighters From Turkish Airlines
Aerospace company Boeing Co. (BA) and Turkish Airlines announced Tuesday an order for four 777 Freighters to further strengthen the airline's position in the global air cargo market. With this order, Turkish Airlines will operate 12 777 Freighters.
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vor 122 Tagen
Airbus Wins $24 Bln Order From Cebu Air For Up To 152 Aircraft
Aerospace major Airbus SE has received a $24 billion order from Philippines' budget airline operator Cebu Air Inc. for upto 152 A321neo aircraft. In a filing with the Securities and Exchange Commission, Cebu Air, which operates as Cebu Pacific, announced that it has signed a binding Memorandum of Understanding or MOU with Airbus for the aircraft purchase.
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vor 122 Tagen
more news
Rivian Automotive Q2 Vehicle Production And Delivery In Line With Company's Expectations
Rivian Automotive, Inc. (RIVN) announced Tuesday that it produced a total of 9,612 vehicles at its manufacturing facility in Normal, Illinois in the second quarter and delivered 13,790 vehicles during the same period. The company said these figures were in line with its expectations.
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vor 122 Tagen
Eurozone Inflation Eases As Expected
Eurozone inflation softened as expected in June but services inflation showed no signs of a downward trend, lowering the scope for another interest rate reduction from the European Central Bank. The harmonized index of consumer prices posted an annual growth of 2.5 percent, which was slower than the 2.6 percent increase in May.
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vor 122 Tagen
SLB And TotalEnergies Ink 10-year Partnership To Co-develop Scalable Digital Solutions
Technology company Schlumberger Ltd. (SLB), doing business as SLB, and TotalEnergies SE (TTE) announced Tuesday a 10-year partnership to co-develop scalable digital solutions for enabling access to energy resources, with improved performance and efficiency.
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vor 122 Tagen
Bombardier Affirms Quality And Performance Of Aerostructures Produced By Spirit Aerosystems
Bombardier, Inc. (BBD-B.TO) announced Tuesday it expects its supply contracts to be maintained to the highest standards of quality and performance.
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vor 122 Tagen
Bay Street Likely To Open With Slightly Negative Bias
The Canadian market, which will be back in action after an extended weekend, is likely to open with a slightly negative bias Tuesday morning. Higher crude oil prices will likely trigger some buying in the energy sector and limit market's downside.
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vor 122 Tagen
U.S. Stocks Likely To Open On Subdued Note
Lower futures point to a weak start for U.S. stocks Tuesday morning. The focus will be on Fed Chair Jerome Powell's speech at an European Central Bank event.
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vor 122 Tagen
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