Forex News
Pound Weakens After BoE Decision
The pound slipped against its most major counterparts in the European session on Thursday, after the Bank of England raised its key interest rate by 25 basis points, as expected.
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882 days ago
U.S. Housing Starts Plunge Much More Than Expected In May
A report released by the Commerce Department on Thursday showed new residential construction in the U.S. plunged by much more than expected in the month of May.
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882 days ago
American Express, Delta Air Lines Launch Credit Card Made From Retired Delta Boeing 747 Aircraft
American Express (AXP) and Delta Air Lines (DAL) announced Thursday the launch of the first-ever credit card design made with the metal from a retired Delta Boeing 747 aircraft. The limited-edition card design is available exclusively for Delta SkyMiles Reserve and Reserve Business Card Members from June 16 through August 3, 2022.
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882 days ago
U.S. Weekly Jobless Claims Edge Down Less Than Expected
The Labor Department released a report on Thursday showed a modest decrease in first-time claims for U.S. unemployment benefits in the week ended June 11th.
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882 days ago
Kroger Boosts FY22 Outlook - Update
While reporting financial results for the third quarter on Thursday, supermarket chain Kroger Co. (KR) raised its adjusted earnings and identical sales outlook for the full-year 2022.
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882 days ago
Canadian Market Likely To Open On Negative Note On Recession Fears
Sharply lower Canadian and U.S. futures point to a weak opening on Bay Street on Thursday. Fears of a possible recession due to aggressive monetary tightening by global central banks triggered a sell-off in European markets and the trend is unlikely to be any different in the Canadian market this morning.
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882 days ago
IAG's Airline Vueling Partners BitPay To Offer Crypto Payment Option
Spanish airline Vueling, a part of IAG, has partnered Bitcoin payment processor BitPay to allow the airline's customers to make payments through this digital means of exchange. Vueling will become the first low-cost airline in Europe to accept cryptocurrencies as a payment method.
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882 days ago
more news
Jabil Again Boosts FY22 Outlook - Update
While reporting preliminary, unaudited financial results for the third quarter on Thursday, Jabil Inc. (JBL) raised its core earnings and revenue guidance for the full-year 2022, based on solid demand in key areas of its business. The company also provided financial outlook for the fourth quarter.
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882 days ago
Pound Drops After BoE Decision
The Bank of England hiked its key rate by 25 basis points to 1.25 percent from 1 percent, as expected. Following the decision, the pound fell against its major counterparts.
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882 days ago
Commercial Metals Q3 Results Top Estimates
Commercial Metals Co. (CMC) on Thursday reported that net earnings for the third quarter soared to $312.43 million or $2.54 per share from $130.41 million or $1.07 per share in the prior-year quarter.
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882 days ago
Pound Mixed Ahead Of BoE Decision
The Bank of England's monetary policy announcement is due at 7:00 am ET Thursday. The BoE is widely expected to raise its key rate by 25 basis points to 1.25 percent from 1 percent.
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882 days ago
Swiss Central Bank Hikes Rate For First Time Since 2007
The Swiss National Bank on Thursday raised its key interest rate unexpectedly for the first time since 2007, joining its peers in the battle against runaway inflation. The central bank raised the SNB policy rate and the interest rate on sight deposits at the SNB by half a percentage point to -0.25 percent from -0.75 percent.
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882 days ago
ITT Provides Long-term Financial Targets
Ahead of its investor conference later on Thursday, ITT Inc. (ITT) announced long-term financial targets, which comprise 5 to 7 percent revenue growth, 20 percent adjusted segment operating margin, over 10 percent adjusted earnings per share growth, and a free cash flow margin range of 11 percent to 13 percent, all based on actual results for the year-ending December 31, 2021.
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882 days ago
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