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U.S. Weekly Jobless Claims Edge Slightly Lower
First-time claims for U.S. unemployment benefits edged slightly lower in the week ended November 12th, according to a report released by the Labor Department on Thursday.
The report said initial jobless claims dipped to 222,000, a decrease of 4,000 from the previous week's revised level of 226,000.
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Macy's, Kohl's Q3 Results Top Estimates, While Children's Place Adj. EPS Missed
Omni-channel fashion retailer Macy's, department store chain Kohl's and specialty apparel retailer The Children's Place reported on Thursday that net profit for the third quarter approximately halved from last year, primarily on lower margins and higher expenses, apart from a single-digit percentage drop in net sales.
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Philly Fed Index Unexpectedly Slumps To -19.4 In November
A report released by the Federal Reserve Bank of Philadelphia on Thursday showed regional manufacturing activity unexpectedly contracted at a faster rate in the month of November.
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U.S. Weekly Jobless Claims Edge Down To 222,000
First-time claims for U.S. unemployment benefits edged slightly lower in the week ended November 12th, according to a report released by the Labor Department on Thursday.
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U.S. Housing Starts Tumble 4.2% In October
New residential construction in the U.S. showed a notable decrease in the month of October, the Commerce Department revealed in a report released on Thursday.
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Children's Place Trims FY22 Adj. EPS, Net Sales Outlook As Q3 Adj. EPS Misses Estimates
Specialty apparel retailer The Children's Place, Inc. (PLCE) reported Thursday that net income for the third quarter nearly halved to $42.86 million or $3.26 per share from $78.87 million or $5.30 per share in the prior-year quarter.
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Bay Street Seen Opening On Weak Note
Lower Canadian and U.S. stock futures and weak commodity prices point to a negative start for Canadian shares on Thursday.
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BJ's Wholesale Club Boosts FY22 Outlook As Q3 Results Top Estimates
BJ's Wholesale Club Holdings Inc. (BJ) announced Thursday that net income for the third quarter grew to $129.94 million or $0.95 per share from $126.52 million or $0.92 per share in the prior-year quarter.
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Wells Fargo Launches Short-term Flex-Loan
Banking major Wells Fargo has rolled out a new short-term flexi-loan for eligible customers to gain access to funds on the go through the Wells Fargo Mobile Banking app, without the hassles of formally applying for the loan and within minutes. It is currently available in select markets and will be extended nationwide by the end of the year.
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Australian Dollar Weakens On Fed Policy Concerns
The Australian dollar fell against its major counterparts in the European session on Thursday, as stronger-than-expected U.S. retail sales data raised fears that the Federal Reserve would continue raising rates in coming months.
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Sensex, Nifty End Lower On Fed Worries
Indian shares ended Thursday's session modestly lower, and the rupee declined against the dollar, as investors reacted to hawkish Fed remarks and strong U.S. retail sales data released overnight.
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Siemens Stock Up On Q4 Profit Growth, Dividend Hike; Positive FY23 View
Shares of Siemens AG were gaining around 7 percent in the morning trading in Germany after the conglomerate reported Thursday significantly higher profit and revenues in its fourth quarter, and said it expects strong growth in earnings and sales in fiscal 2023. The company also raised its dividend.
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European Shares Mixed On China COVID Worries
European stocks were mixed on Thursday, as concerns over geopolitical tensions eased and the focus returned to rising numbers of COVID-19 cases in China.
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