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U.S. Dollar Lower As Weak Jobs Data Heightens Rate Cut Hopes
The U.S. dollar dipped against its major counterparts in the New York session on Friday, as weaker-than-expected jobs data for July raised hopes of 50 basis point cut in September.
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158 dagar sedan
Swiss Stocks Plunge Sharply; SMI Tumbled 3.59%
The Switzerland market ended on a dismal note on Friday with stocks falling lower and lower as the session progressed amid fears the U.S. economy could fall into a recession.
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158 dagar sedan
European Stocks Close Sharply Lower On U.S. Recession Fears
European stocks plunged sharply on Friday, sending several markets in the region to multi-month lows, amid concerns the weak U.S. data and the delay in interest rate cuts by the Fed could lead the world's largest economy into a recession.
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158 dagar sedan
U.S. Factory Orders Plunge More Than Expected In June
New orders for U.S. manufactured goods saw a steep drop in the month of June, according to a report released by the Commerce Department on Friday. The report said factory orders plunged by 3.3 percent in June after falling by 0.5 percent in May. Economists had expected factory orders to tumble by 2.9 percent.
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159 dagar sedan
U.S. Job Growth Falls Well Short Of Estimates In July, Unemployment Rate Rises
The Labor Department released a closely watched report on Friday showing employment in the U.S. increased by much less than expected in the month of July. The report said non-farm payroll employment climbed by 114,000 jobs in July after jumping by a downwardly revised 179,000 jobs in June. Economists had expected employment to rise by 175,000 jobs.
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159 dagar sedan
RBC Bearings Q1 Adj. EPS Tops Estimates; Guides Q2 Revenues Below View
RBC Bearings Inc. (RBC) reported Friday that net income for the first quarter grew to $61.4 million or $1.90 per share from $50.0 million or $1.52 per share in the prior-year quarter.
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159 dagar sedan
ExxonMobil Q2 Results Top Estimates
Oil major Exxon Mobil Corp. (XOM) reported Friday a net profit for the second quarter that increased from last year, reflecting record quarterly production from its low-cost-of-supply Permian and Guyana assets. Adjusted earnings per share and quarterly revenues topped analysts' expectations.
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more news
U.S. Employment Increases Much Less Than Expected In July
The Labor Department released a closely watched report on Friday showing employment in the U.S. increased by much less than expected in the month of July.
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159 dagar sedan
Bay Street Seen Opening On Weak Note; U.S. Jobs Data In Focus
Canadian shares look headed for a negative start Friday morning, tracking weak global markets amid concerns about global economic slowdown. The focus is on U.S. non-farm payroll data.
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159 dagar sedan
Church & Dwight Reaffirms FY24 Adj. EPS Outlook - Update
While reporting financial results for the second quarter on Friday, Church & Dwight Co., Inc. (CHD) maintained its adjusted earnings growth for the full-year 2024, while trimming annual net sales growth.
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159 dagar sedan
Millicom International Swings To Profit In Q2
Millicom International Cellular S.A. (TIGO) reported Friday net profit for the second quarter of $78 million or $0.46 per share, compared to a net loss of $22 million or $0.13 per share in the prior-year quarter.
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159 dagar sedan
Sensex, Nifty Decline Amid Global Selloff; Pharma Stocks Shine
Indian shares fell sharply on Friday amid a global sell-off as weak manufacturing data as well as mixed tech earnings sparked worries about a U.S. recession.
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159 dagar sedan
European Shares Extend Losses On US Recession Worries
European stocks fell on Friday to extend losses from the previous session as risk-off mood prevailed amid fears that the U.S. Federal Reserve has left it too late to begin cutting interest rates and risks damaging the world's largest economy.
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159 dagar sedan
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