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U.S. GDP Unexpectedly Decreases For Second Consecutive Quarter

U.S. economic activity unexpectedly saw a continued contraction in the second quarter of 2022, according to a report released by the Commerce Department on Thursday. The Commerce Department said real gross domestic product decreased by 0.9 percent in the second quarter after slumping by 1.6 percent in the first quarter. Economists had expected GDP to increase by 0.5 percent.
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DTE Energy Boosts FY22 Operating Earnings Outlook

DTE Energy Boosts FY22 Operating Earnings Outlook

While reporting financial results for the second quarter on Thursday, gas and electric utility DTE Energy Co. (DTE) raised its operating earnings guidance for the full-year 2022, based on the first-half results.
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PG&E Corp. Again Reaffirms FY22 Adj. EPS Outlook - Update

PG&E Corp. Again Reaffirms FY22 Adj. EPS Outlook - Update

While reporting financial results for the second quarter on Thursday, utility PG&E Corp. (PCG) slashed its earnings guidance for the full-year 2022, while again reaffirming core earnings outlook.
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Dollar Drops After U.S. GDP Data

Dollar Drops After U.S. GDP Data

U.S. weekly jobless claims for the week ended July 23 and advance GDP data for the second quarter have been released at 8:30 am ET Thursday. The greenback fell against its major rivals after the data.
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Dollar Mixed Ahead Of U.S. GDP Data

Dollar Mixed Ahead Of U.S. GDP Data

U.S. weekly jobless claims for the week ended July 23 and advance GDP data for the second quarter will be out at 8:30 am ET Thursday. Ahead of the data, the greenback traded mixed against its major rivals. While it held steady against the yen, it rose against the rest of major rivals.
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Macerich Sees Wider FY22 Loss - Update

Macerich Sees Wider FY22 Loss - Update

While reporting financial results for the second quarter on Thursday, REIT Macerich Co. (MAC) said it now sees a wider loss for the full year 2022. However, the company slightly raised its Funds from Operations (FFO) forecast.
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Baxter International Again Slashes FY22 Outlook - Update

Baxter International Again Slashes FY22 Outlook - Update

While reporting financial results for the second quarter on Thursday, health care company Baxter International Inc. (BAX) again lowered its earnings, adjusted earnings and sales growth for the full-year 2022. The company also provided outlook for the third quarter.
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Reliance Steel Q2 Results Top Estimates; Guides Q3 Adj EPS Below View

Reliance Steel Q2 Results Top Estimates; Guides Q3 Adj EPS Below View

While reporting financial results for the second quarter on Thursday, metals service center company Reliance Steel & Aluminum Co. (RS) said it expects adjusted earnings for the third quarter in a range of $6.00 to $6.20 per share, as the company expects its average selling price per ton sold for quarter to be up 5 to 7 percent.
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Hershey Raises FY22 Outlook; Boosts Dividend 15% - Update

Hershey Raises FY22 Outlook; Boosts Dividend 15% - Update

While reporting financial results for the second quarter on Thursday, Hershey Co. (HSY) raised its adjusted earnings and net sales growth guidance for the full-year 2022, reflecting the strength of its performance in the first-half and expectations for the second half of the year.
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