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U.S. GDP Growth Accelerates More Than Expected In Q2

U.S. GDP Growth Accelerates More Than Expected In Q2

Economic growth in the U.S. accelerated by more than expected in the second quarter of 2024, according to a report released by the Commerce Department on Thursday. The report said real gross domestic product surged by 2.8 percent in the second quarter after jumping by 1.4 percent in the first quarter. Economists had expected GDP to increase by 2.0 percent.
RTTNews | 95 ngày trước
Canadian Market Recovering After Early Setback

Canadian Market Recovering After Early Setback

The Canadian market is down in negative territory a little before noon on Thursday, dragged down by losses in materials and consumer staples shares. Energy stocks have recovered some lost ground, and industrials shares are exhibiting some weakness.
RTTNews | 95 ngày trước
U.S. Durable Goods Orders Unexpectedly Plunge 6.6% In June

U.S. Durable Goods Orders Unexpectedly Plunge 6.6% In June

Reflecting a steep drop in new orders for transportation equipment, the Commerce Department released a report on Thursday unexpectedly showing a sharp decline in orders for durable goods in the month of June. The Commerce Department said durable goods orders plunged by 6.6 percent in June after inching up 0.1 percent in May. Economists had expected durable goods orders to rise by 0.3 percent.
RTTNews | 95 ngày trước
U.S. Weekly Jobless Claims Dip To 235,000

U.S. Weekly Jobless Claims Dip To 235,000

The Labor Department released a report on Thursday showing a modest decline by first-time claims for U.S. unemployment benefits in the week ended July 20th. The report said initial jobless claims fell to 235,000, a decrease of 10,000 from the previous week's revised level of 245,000. Economists had expected jobless claims to dip to 238,000.
RTTNews | 95 ngày trước
Dow Q2 Results Miss Estimates

Dow Q2 Results Miss Estimates

Materials science company Dow, Inc. (DOW) reported Thursday that net income for the second quarter declined from last year, hurt by lower integrated margins, higher planned maintenance activity and a 4 percent decline in net sales. Both Adjusted earnings per share and quarterly net sales missed analysts' estimates.
RTTNews | 95 ngày trước
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Cullen/Frost Bankers Q2 Profit Tops Estimates; Boosts Dividend 3.3%

Cullen/Frost Bankers Q2 Profit Tops Estimates; Boosts Dividend 3.3%

Bank holding company Cullen/Frost Bankers, Inc. (CFR) on Thursday reported that second quarter net income available to common shareholders declined to $143.83 million or $2.21 per share from $160.45 million or $2.47 per share in the prior-year quarter.
RTTNews | 95 ngày trước
Bay Street Likely To Open Weak

Bay Street Likely To Open Weak

Falling crude oil and metal prices, and weak European markets point to a negative start for Canadian shares on Thursday. Investors will also be reacting to key economic data from the U.S., and a slew of earnings updates from Canadian and U.S. companies.
RTTNews | 95 ngày trước
FTI Consulting Q2 Results Top Estimates; Boosts FY24 Outlook

FTI Consulting Q2 Results Top Estimates; Boosts FY24 Outlook

Business advisory firm FTI Consulting, Inc. (FCN) reported Thursday that net income for the second quarter increased to $83.95 million or $2.34 per share from $62.40 million or $1.75 per share in the year-ago quarter.
RTTNews | 95 ngày trước
French Manufacturing Sentiment Weakest Since Late 2020

French Manufacturing Sentiment Weakest Since Late 2020

Amid political uncertainty, France's manufacturing confidence weakened to the lowest since late 2020 largely due to weaker general and personal production expectations, survey data released by the statistical office INSEE showed on Thursday. The business climate index in manufacturing declined to 95 in July from 99 in June. This was the lowest reading since December 2020.
RTTNews | 95 ngày trước

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