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U.S. Import Prices Unexpectedly Inch Up 0.1% In July

Import prices in the U.S. unexpectedly crept higher in the month of July, according to a report released by the Labor Department on Thursday. The Labor Department said import prices inched up by 0.1 percent in July after coming in unchanged in June. Economists had expected import prices to edge down by 0.1 percent.
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U.S. Retail Sales Jump Much More Than Expected Amid Rebound By Auto Sales

U.S. Retail Sales Jump Much More Than Expected Amid Rebound By Auto Sales

Partly reflecting a rebound by auto sales, the Commerce Department released a report on Thursday showing retail sales in the U.S. increased by much more than expected in the month of July. The Commerce Department said retail sales jumped by 1.0 percent in July after edging down by a revised 0.2 percent in June. Economists had expected retail sales to rise by 0.3 percent.
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U.S. Weekly Jobless Claims Unexpectedly Extend Pullback

U.S. Weekly Jobless Claims Unexpectedly Extend Pullback

A report released by the Labor Department on Thursday unexpectedly showed a continued decline by first-time claims for U.S. unemployment benefits in the week ended August 10th. The Labor Department said initial jobless claims fell to 227,000, a decrease of 7,000 from the previous week's revised level of 234,000. Economists had expected jobless claims to inch up to 235,000.
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Cisco To Cut 7% Jobs, Sees $1 Bln Charges In Restructuring; Stock Up

Cisco To Cut 7% Jobs, Sees $1 Bln Charges In Restructuring; Stock Up

Shares of Cisco Systems Inc. were gaining around 8 percent in the pre-market activity on the Nasdaq after the technology conglomerate, in its fourth-quarter earnings call, announced a restructuring plan with around 7 percent cut in its global workforce. The move, which is expected to allow the firm to invest in key growth opportunities and drive more efficiencies in its business, would result...
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Walmart Sees Growth In Q3, Lifts FY25 View After Q2 Sales Rise; Stock Up

Walmart Sees Growth In Q3, Lifts FY25 View After Q2 Sales Rise; Stock Up

Shares of Walmart, Inc. were gaining around 8 percent in the pre-market activity on the NYSE after the retail behemoth on Thursday issued third-quarter guidance, expecting growth, and also raised its fiscal 2025 forecast. Meanwhile, adjusted earnings forecast for the third quarter is below the market estimates, and for fiscal 2025 is in line or below the Street view.
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Bay Street Seen Opening On Positive Note

Bay Street Seen Opening On Positive Note

Canadian shares look headed for a positive start Thursday morning, tracking higher commodity prices, and amid continued optimism about an interest rate cut by the Federal Reserve in September.
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Pound Rises Slightly After U.K. Q2 GDP Expands

Pound Rises Slightly After U.K. Q2 GDP Expands

The British pound strengthened slightly against other major currencies in the European session on Thursday, after the U.K. economy expanded again in the second quarter but the pace of growth moderated slightly due to the contractions in industrial and construction output.
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