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U.S. Jobless Claims Unexpectedly Edge Down To 190,000
A report released by the Labor Department on Thursday unexpectedly showed a modest decrease in first-time claims for U.S. unemployment benefits in the week ended February 25th. The Labor Department said initial jobless claims edged down to 190,000, a decrease of 2,000 from the previous week's unrevised level of 192,000.
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Euro In Negative Territory Amid Eurozone Inflation Data
The euro was lower against its major counterparts in the European session on Thursday, as Eurozone inflation eased in February, in a sign that price pressures are receding amid the European Central Bank's monetary policy tightening.
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U.S. Weekly Jobless Claims Edge Down To 190,000
A report released by the Labor Department on Thursday unexpectedly showed a modest decrease in first-time claims for U.S. unemployment benefits in the week ended February 25th.
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Bay Street Likely To Open Lower
The Canadian market is likely to open with a negative bias on Thursday, tracking weak metal prices. Quarterly earnings are likely to provide some direction.
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Eurozone Inflation Slows Less Than Expected; Core Price Growth Accelerates
Euro area inflation slowed less than expected, while core price growth continued to gain strength in February in the face of strong labor market conditions, strengthening the case for a long path of rate hikes from the European Central Bank even as energy prices stayed on downward trend. The harmonized index of consumer prices rose 8.5 percent year-on-year in February, which was the slowest sinc
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Marcus Slips To Loss In Q4
Marcus Corp. (MCS) reported on Thursday a net loss attributable to the company of $9.32 million or $0.30 per share for the fourth quarter, compared to net income of $6.44 million or $0.18 per share in the prior-year quarter.
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Best Buy Guides FY23 Below Estimates; Boosts Dividend 5% - Update
While reporting financial results for the fourth quarter on Thursday, electronics retailer Best Buy Co., Inc. (BBY) initiated its adjusted earnings, revenue and comparable sales guidance for the full-year 2024.
For fiscal 2024, the company now projects adjusted earnings in a range of $5.70 to $6.50 per share on revenues between $43.8 billion and $45.2 billion, with a comparable sales decline of 3.0 to 6.0 percent.
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Spain Unemployment Increases Marginally In February
Joblessness in Spain increased marginally in February, suggesting a stable trend in the labor market, the labor ministry said Thursday. The number of people out of work increased by 2,618, or 0.1 percent, in February from the previous month. Nonetheless, unemployment totaled 2.91 million in February, the lowest for the month since 2008.
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Walgreens, DoorDash, Uber Partner To Launch Free, Same Day Rx Delivery Of HIV Medications
Walgreens Boots Alliance, Inc. (WAG), in partnership with DoorDash, Inc. (DASH) and Uber Technologies, Inc. (UBER), announced Thursday free, Same Day Rx Delivery of medications for the prevention and treatment of HIV.
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Array Technologies Sees FY22 Revenues Above Estimates
While reporting preliminary unaudited financial results for the full-year 2023 on Thursday, Array Technologies (ARRY) now sees a loss in a range of $0.27 to $0.28 per share and adjusted earnings in a range of $0.34 to $0.37 per share on revenues between $1.62 billion and $1.64 billion.
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Amneal Pharma Says FDA Accepts For Review ANDA For Naloxone Hydrochloride Nasal Spray
Essential medicines company Amneal Pharmaceuticals, Inc. (AMRX) announced Thursday that the U.S. Food and Drug Administration (FDA) has accepted for review the Abbreviated New Drug Application (ANDA) for naloxone hydrochloride nasal spray, USP, 4mg, which is the generic version of Narcan and is used in the treatment of a known or suspected opioid overdose emergency.
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Tesla Announces Gigafactory Mexico
Tesla announced its plans to open a gigafactory in Monterrey, Mexico as part of the luxury electric car maker's expansion plans. At its Investor Day on Wednesday, Chief Executive Elon Musk revealed the project, now called Gigafactory Mexico. Tesla engineers also told investors that it will cut assembly costs by half in future generations of cars.
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Sensex, Nifty Fall Again On US Rate Worries; IT Stocks Worst Hit
Indian shares fell sharply on Thursday, after having snapped an eight-day losing streak the previous day.
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