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U.S. Consumer Sentiment Improves Slightly More Than Initially Estimated In January
Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. improved by slightly more than initially estimated in the month of January. The report showed the consumer sentiment index for January was upwardly revised to 64.9 from the preliminary reading of 64.6. Economists had expected the index to be unrevised.
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U.S. Pending Home Sales Unexpectedly Rebound In December
After reporting decreases in U.S. pending home sales for six straight months, the National Association of Realtors released a report on Friday showing pending home sales unexpectedly rebounded in the month of December. NAR said its pending home sales index jumped by 2.5 percent to 76.9 in December after tumbling by 2.6 percent to a revised 75.0 in November.
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U.S. Personal Income Inches Up 0.2% In December, In Line With Estimates
Personal income in the U.S. increased in line with economist estimates in the month of December, according to a report released by the Commerce Department on Friday. The report said personal income inched up by 0.2 percent in December after rising by a downwardly revised 0.3 percent in November.
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CVS, Walmart To Cut Pharmacy Working Hours : WSJ
CVS Health Corp. (CVS) and retail giant Walmart Inc. (WMT) are set to reduce pharmacy hours as staffing squeeze continues at their respective pharmacies across the United States, according to a Wall Street Journal report on Friday.
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U.S. Personal Income Inches Up In Line With Estimates In December
Personal income in the U.S. increased in line with economist estimates in the month of December, according to a report released by the Commerce Department on Friday.
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Bay Street Likely To See Mixed Start
Canadian shares are likely to see a mixed start Friday morning, tracking subdued European stocks and mixed commodity prices.
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CalAmp To Cut About 8% Employees Across Various Functions Amid Restructuring Plan
Connected intelligence company CalAmp (CAMP) announced on Friday that it initiated a restructuring plan to reduce approximately eight percent of its employees across various functions.
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more news
Chevron Q4 Profit Up 25%, But Misses Estimates
Integrated energy company Chevron reported Friday that profit for the fourth quarter increased 25 percent from last year, reflecting 17 percent revenue growth amid higher realizations and higher margins on refined product sales. Adjusted earnings per share missed analysts' estimates, while quarterly revenues topped it.
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FTSE 100 Trades In Positive Zone
FTSE 100 of the London Stock Exchange traded cautiously in the green zone, alongside other regional peers.
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Canadian Dollar Advances Amid Higher Oil Prices
The Canadian dollar climbed against its major opponents in the European session on Friday, as better-than-expected U.S. GDP data lifted oil prices.
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Eurozone Credit Growth Slowdown Suggests Rate Hike Impact
Eurozone M3 money supply growth eased more than expected in December and credit to the private sector grew at a slower rate, the European Central Bank said on Friday, suggesting that the interest rate hikes are starting to take effect on the real economy.
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Autoliv Q4 Profit Rises, Tops Estimates
Swedish automotive safety supplier Autoliv, Inc. (ALV) reported Friday that net income for the fourth quarter increased to $156 million or $1.80 per share from $115 million or $1.31 per share in the prior-year quarter.
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Major European Markets Up Slightly In Cautious Trade
European stocks are slightly higher in cautious trade on Friday, with investors reacting to quarterly earnings updates and looking ahead to interest rate decisions from the Federal Reserve, the Bank of England and the European Central Bank, due next week.
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