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Swiss Market Ends Notably Lower On Rate Hike Concerns
The Switzerland stock market ended notably lower on Friday, in line with markets across Europe, after Fed Chair Jerome Powell said in his speech at the Jackson Hole symposium that the central bank's efforts to combat inflation will cause "some pain."
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European Stocks Close Lower As Rate Hikes Jitters Weigh
European stocks closed sharply lower on Friday, weighed down by remarks from the Federal Reserve Chair Jerome Powell at the Jackson Hole symposium that the central bank's efforts to combat inflation will cause "some pain."
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U.S. Consumer Sentiment Improves Much More Than Previously Estimated In August
Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. improved by much more than previously estimated in the month of August. The report showed the consumer sentiment index for August was upwardly revised to 58.2 from the previously reported 55.1. Economists had expected the index to be upwardly revised to 55.2.
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Fed Chair Powell Warns Of 'Some Pain' From Higher Interest Rates
In highly anticipated remarks at the Jackson Hole economic symposium on Friday, Federal Reserve Chair Jerome Powell acknowledged the central bank's efforts to combat inflation will cause "some pain" but argued a failure to restore price stability would mean "far greater pain."
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U.S. Personal Income, Spending Edge Modestly Higher In July
The Commerce Department released a report on Friday showing U.S. personal income increased by much less than expected in the month of July. The report showed personal income edged up by 0.2 percent in July after climbing by an upwardly revised 0.7 percent in June.
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TotalEnergies Sells Its 49% Stake In Russian Termokarstovoye Gas Field To Novatek
Multi-energy company TotalEnergies SE (TTE, TTA.L) announced Friday the sale of its 49% stake in Terneftegas, engaged in developing the Russian Termokarstovoye gas field, to Russian natural gas producer Novatek, which will now own a 100% stake in Terneftegas.
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VirTra Appoints Danielle Diaz To Replace Marsha Foxx As CFO
VirTra, Inc. (VTSI) on Friday appointed Danielle Diaz as chief financial officer, effective, August 24, 2022. Diaz replaces chief accounting officer Marsha Foxx, who has departed the company.
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more news
U.S. Personal Income Edges Up Much Less Than Expected In July
The Commerce Department released a report on Friday showing U.S. personal income increased by much less than expected in the month of July.
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Dollar Falls After U.S. Personal Income And Spending Data
U.S. personal income and spending data for July has been released 8:30 am ET Friday. After the data, the greenback dropped against its major rivals.
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Bay Street Likely To Open On Cautious Note
The Canadian market is likely to open on a cautious note with a slightly negative bias on Friday as investors await Fed Chair Jerome Powell's speech at the central bank's economic symposium in Jackson Hole.
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Dollar Steady Ahead Of U.S. Personal Income And Spending Data
U.S. personal income and spending data for July is due at 8:30 am ET Friday. Ahead of the data, the greenback held steady against its major rivals.
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Inhibikase Says FDA Clears IND For IkT-001Pro To Treat Chronic Myelogenous Leukemia
Pharmaceutical company Inhibikase Therapeutics, Inc. (IKT) announced Friday that the U.S. Food and Drug Administration (FDA) has reviewed its Investigational New Drug (IND) application for IkT-001Pro for the treatment of Chronic Myelogenous Leukemia (CML) and issued a Study May Procced (SMP) letter.
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JinkoSolar Slips To Loss In Q2
JinkoSolar Holding Co., Ltd. (JKS) reported Friday that net loss attributable to the company's ordinary shareholders for the second quarter was RMB623.3 million or US$93.1 million, compared to net income of RMB66.2 million in the prior-year quarter. Loss per ADS was RMB12.60 or US$1.88, compared to earnings per ADS of RMB1.38 last year.
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