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U.S. Retail Sales Jump 1.3% In October, More Than Expected

Retail sales in the U.S. showed a significant increase in the month of October, according to a report released by the Commerce Department on Wednesday. The report showed retail sales surged by 1.3 percent in October after coming in unchanged in September. Economists had expected retail sales to jump by 1.0 percent.
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Loonie Mixed After Canada CPI

Loonie Mixed After Canada CPI

Canada consumer inflation for October has been released at 8:30 am ET Wednesday. After the data, the loonie traded mixed against its major counterparts. While the currency fell against the greenback, it advanced against the rest of major rivals.
RTTNews | 803 dagar sedan
Dollar Rises Following U.S. Retail Sales

Dollar Rises Following U.S. Retail Sales

U.S. retail sales and import and export prices for October have been released at 8:30 am ET Wednesday. The greenback climbed against its major counterparts after the data.
RTTNews | 803 dagar sedan
Target Q3 Results Miss Estimates, While TJX Adj. EPS Top Estimates

Target Q3 Results Miss Estimates, While TJX Adj. EPS Top Estimates

Discount retailer Target reported Wednesday that third-quarter net profit halved from last year, reflecting a 330 basis points drop in gross margins, driven primarily by markdowns in an increasingly challenging environment. Both earnings per share and quarterly revenues also missed analysts' estimates. The retailer also provided comparable sales guidance for the fourth quarter.
RTTNews | 803 dagar sedan
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Loonie Mixed Ahead Of Canada CPI

Loonie Mixed Ahead Of Canada CPI

Canada consumer inflation for October is due at 8:30 am ET Wednesday. Ahead of the data, the loonie traded mixed against its major counterparts. While the currency fell against the euro, it held steady against the rest of major rivals.
RTTNews | 803 dagar sedan
Dollar Steady Ahead Of U.S. Retail Sales

Dollar Steady Ahead Of U.S. Retail Sales

U.S. retail sales and import and export prices for October are due at 8:30 am ET Wednesday. Ahead of the data, the greenback held steady against its major counterparts.
RTTNews | 803 dagar sedan
Ford CEO Warns EVs To Cost Jobs; Urges To Produce More Parts In-house

Ford CEO Warns EVs To Cost Jobs; Urges To Produce More Parts In-house

Amid the speedy transition by automakers to electric vehicles, Ford CEO Jim Farley reportedly warned that EVs' production will result in significant job losses, but producing more parts in-house will help to mitigate this impact. While talking at an auto conference for the Rainbow Push Coalition in Detroit, Farley said EVs require 40 percent lesser workers than for producing cars and trucks power
RTTNews | 803 dagar sedan
TJX Companies Boosts FY23 Earnings Outlook - Update

TJX Companies Boosts FY23 Earnings Outlook - Update

While reporting financial results for the third quarter on Wednesday, off-price retailer TJX Companies, Inc. (TJX) trimmed its earnings outlook for the fourth quarter, while raising its earnings guidance for the full-year 2023.
RTTNews | 803 dagar sedan
Bay Street Likely To See Mixed Open

Bay Street Likely To See Mixed Open

Canadian shares are seen opening on a mixed note on Wednesday, with investors digesting inflation data, and tracking geopolitical news.
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Group 1 Automotive Boosts Dividend, Stock Repurchase Authorization

Group 1 Automotive Boosts Dividend, Stock Repurchase Authorization

Automotive retailer Group 1 Automotive, Inc. (GPI) announced Wednesday its board of directors increased the Company's common stock repurchase authorization by $161 million to $200 million. The Company expects that any repurchase of shares will be funded by cash from operations. Repurchased shares will be held in treasury.
RTTNews | 803 dagar sedan

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