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Dollar Tuns Weak After Retails Data
The U.S. dollar lost ground against most of its major counterparts on Tuesday, weighed down by data showing a smaller than expected increase in the retail sales in the month of May.
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Gold Futures Settle Higher
Gold futures settled higher on Tuesday, recovering well after exhibiting weakness in early New York session. Data showing weaker than expected U.S. retail sales data helped ease concerns about the outlook for Fed interest rates, and supported the yellow metal.
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Swiss Market Ends Modestly Higher
After a firm start and a subsequent fall into the red Tuesday morning, the Switzerland market recovered and stayed positive till the end of the session to finish modestly higher.
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U.S. Dollar Weakens After Soft Retail Sales Data
The U.S. dollar dropped against its major counterparts in the New York session on Tuesday, as the nation's retail sales increased less than expected in May, fuelling hopes of a rate cut this year.
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European Stocks Close Broadly Higher
European stocks closed higher on Tuesday, recovering from recent losses, as investors digested some corporate news and looked ahead to the next batch of economic data from the U.S. and Europe.
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U.S. Business Inventories Increase In Line With Estimates In April
A report released by the Commerce Department on Tuesday showed business inventories in the U.S. increased in line with economist estimates in the month of April. The Commerce Department said business inventories rose by 0.3 percent in April after edging down by 0.1 percent in March. Economists had expected business inventories to climb by 0.3 percent.
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Shuttle Pharma Appoints Timothy Lorber To Succeed Vander Hoek As CFO
Shuttle Pharmaceuticals Holdings, Inc. (SHPH) announced the appointment of Timothy Lorber as the Company Chief Financial Officer or CFO.
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U.S. Industrial Production Jumps Much More Than Expected In May
Industrial production in the U.S. increased by much more than expected in the month of May, the Federal Reserve revealed in a report released by on Tuesday. The Fed said industrial production jumped by 0.9 percent in May after coming in unchanged in April. Economists had expected industrial production to rise by 0.3 percent.
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U.S. Retail Sales Inch Up 0.1% In May, Slightly Less Than Expected
Retail sales in the U.S. inched slightly higher in the month of May, according to a report released by the Commerce Department on Tuesday. The Commerce Department said retail sales crept up by 0.1 percent in May after dipping by a revised 0.2 percent in April. Economists had expected retail sales to rise by 0.2 percent compared to the unchanged reading originally reported for the previous month.
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Uber Partners St. Louis-based Save A Lot For Grocery Delivery Across 32 US States
Uber Technologies, Inc. (UBER) announced Tuesday a new partnership with St. Louis-based discount grocery store chain Save A Lot, one of the country's largest discount grocers with more than 600 independently owned grocery locations, which will be serviceable by Uber across 32 U.S. states.
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U.S. Retail Sales Inch Up Slightly Less Than Expected In May
Retail sales in the U.S. inched slightly higher in the month of May, according to a report released by the Commerce Department on Tuesday.
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Ligand Says Merck Receives FDA Approval For CAPVAXIVE For Adults
Ligand Pharmaceuticals Inc. (LGND) announced Tuesday that its collaborator Merck & Co., Inc. (MRK), known as MSD outside the U.S. and Canada, has received approval from the U.S. Food and Drug Administration (FDA) for CAPVAXIVE, previously known as V116, a 21-valent pneumococcal conjugate vaccine for the prevention of invasive pneumococcal disease and pneumococcal pneumonia in the adult population.
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Intra-Cellular Says Phase3 Trial Study 502 Of Lumateperone In MDD Meets Primary Endpoint
Biopharmaceutical company Intra-Cellular Therapies, Inc. (ITCI) announced Tuesday positive topline results from Study 502 evaluating lumateperone 42 mg as an adjunctive therapy to antidepressants for the treatment of Major Depressive Disorder (MDD).
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