Forex News
U.S. Housing Starts Plunge To Lowest Level In Over A Year 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. The Commerce Department said housing starts tumbled by 14.4 percent to an annual rate of 1.549 million in May after jumping by 5.5 percent to a revised rate of 1.810 million in April.
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981 days ago
Philly Fed Index Indicates First Contraction Since May 2020
Manufacturing activity in the Philadelphia region saw a modest contraction in the month of June, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The Philly Fed said its current general activity index dropped to a negative 3.3 in June from a positive 2.6 in May.
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981 days ago
Bank Of England Lifts Key Rate To Highest Since 2009
The Bank of England raised its key interest rate by a quarter basis point to the highest level since the global financial crisis in 2009, as inflationary pressures intensified amid the labor market tightness, but the pace of tightening fell short of the U.S. Federal Reserve's latest move. The Monetary Policy Committee voted 6-3 to raise the bank rate by 25 basis points.
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981 days ago
Schneider Electric Recalls About 1.6 Mln Electrical Panels
Schneider Electric USA Inc. is recalling about 1.6 million units of Electrical Panels for potential risk of thermal burn and fire hazards, a statement by the U.S. Consumer Product Safety Commission (CPSC) showed. These included about 289,000 units sold in Canada. The company said the load center can overheat to pose thermal burn and fire hazards.
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981 days ago
U.S. Jobless Claims Edge Down Less Than Expected To 229,000
The Labor Department released a report on Thursday showing a modest decrease in first-time claims for U.S. unemployment benefits in the week ended June 11th. The report showed initial jobless claims edged down to 229,000, a decrease of 3,000 from the previous week's revised level of 232,000.
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981 days ago
Duke Energy Progress Says Customers Will See Bills Increase If NCUC Approves
Duke Energy Progress, a subsidiary of Duke Energy Corp. (DUK), said Thursday that it has made its annual filings with the North Carolina Utilities Commission (NCUC) this week for costs associated with fuel and various riders, including state programs to encourage renewable energy adoption, and energy efficiency and demand management programs to reduce energy use.
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981 days ago
22nd Century Group Names Hugh Kinsman As CFO
Agricultural biotechnology firm 22nd Century Group Inc. (XXII) announced Thursday the appointment of Hugh Kinsman as Chief Financial Officer. Kinsman is currently CFO of GVB Biopharma, which 22nd Century acquired effective May 13, 2022.
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981 days ago
more 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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981 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.
RTTNews
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981 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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981 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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981 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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981 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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981 days ago
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