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U.S. Construction Spending Unexpectedly Dips 0.3% In June
Construction spending in the U.S. unexpectedly decreased in the month of June, according to a report released by the Commerce Department on Thursday. The Commerce Department said construction spending slipped by 0.3 percent to an annual rate of $2.148 trillion in June after falling by 0.4 percent to a revised rate of $2.155 trillion in May.
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vor 144 Tagen
U.S. Manufacturing Index Unexpectedly Indicates Accelerated Contraction In July
The Institute for Supply Management released a report on Thursday showed U.S. manufacturing activity unexpectedly contracted at an accelerated rate in the month of July. The ISM said its manufacturing PMI fell to 46.8 in July from 48.5 in June, with a reading below 50 indicating contraction. Economists had expected the index to inch up to 48.8 percent.
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vor 144 Tagen
Hyundai Motor America July Total Sales Up 4%
Hyundai Motor America reported Thursday that it sold a total of 69,202 units in the month of July, up 4 percent from last year's 66,527 units, driven by best ever July total sales record for Elantra HEV, Santa Fe HEV, Tucson HEV and Palisade. Hybrid total sales surge 67 percent in July.
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vor 144 Tagen
U.S. Labor Productivity Surges 2.3% In Q2, More Than Expected
Labor productivity in the U.S. shot up by more than expected in the second quarter, according to a report released by the Labor Department on Thursday. The Labor Department said labor productivity surged by 2.3 percent in the second quarter after rising by a revised 0.4 percent in the first quarter.
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vor 144 Tagen
U.S. Jobless Claims Climb To Highest Level In Almost A Year
A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits rose by much more than expected in the week ended July 27th. The report said initial jobless claims climbed to 249,000, an increase of 14,000 from the previous week's unrevised level of 235,000.
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vor 144 Tagen
R1 RCM To Be Taken Private By TowerBrook And CD&R For $8.9 Bln Cash
R1 RCM, Inc. (RCM) announced Thursday that it has entered into a definitive agreement to be acquired by investment funds affiliated with TowerBrook Capital Partners and Clayton, Dubilier & Rice or CD&R, in an all-cash transaction with an enterprise value of approximately $8.9 billion.
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vor 144 Tagen
BMW Backs FY24 Profit View After Q2 Results Drop; Stock Down
Shares of BMW Group were losing around 2 percent in the German trading after the automajor reported Thursday weak profit, revenues and deliveries in its second quarter. Looking ahead for fiscal 2024, the company continues to expect Group profit before tax to decrease slightly due to higher manufacturing and fixed costs.
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vor 144 Tagen
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Itron Q2 Results Top Estimates; Boosts FY24 Outlook; Stock Up 7%
Itron, Inc. (ITRI) reported Thursday that net income attributable to the company for the second quarter of $51.32 million or $1.10 per share, sharply higher than $24.20 million or $0.53 per share in the prior-year quarter. Excluding items, adjusted earnings for the quarter were $1.21 per share, compared to $0.65 per share last year.
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vor 144 Tagen
U.S. Labor Productivity Surges More Than Expected In Q2
Labor productivity in the U.S. shot up by more than expected in the second quarter, according to a report released by the Labor Department on Thursday.
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vor 144 Tagen
U.S. Initial Jobless Claims Increase Much More Than Expected
A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits rose by much more than expected in the week ended July 27th.
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vor 144 Tagen
Bay Street Likely To Open With Slightly Positive Bias
Canadian shares are likely to open with a positive bias Thursday morning, tracking higher crude oil and bullion prices. Activity for most part of the session is likely to be stock specific with investors reacting to a slew of quarterly earnings announcements.
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vor 144 Tagen
Insight Enterprises Reaffirms FY24 Adj. EPS Outlook; Q2 Results Miss Estimates
While reporting financial results for the second quarter on Thursday, technology company Insight Enterprises, Inc. (NSIT) reaffirmed its adjusted earnings guidance for the full year 2024.
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vor 144 Tagen
Bank Of England Cuts Rate For First Time Since 2020
The Bank of England lowered its benchmark rate for the first time since the onset of the coronavirus pandemic as inflation receded and the underlying growth momentum remained weaker. In a very close call, the Monetary Policy Committee, led by Governor Andrew Bailey, decided to cut the bank rate by a quarter-point to 5.00 percent from 5.25 percent, which was the highest since early 2008.
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vor 144 Tagen
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