Chicago-area business activity unexpectedly contracted at an accelerated rate in the month of February, according to a report released by MNI Indicators on Thursday. MNI Indicators said its Chicago business barometer slipped to 44.0 in February from 46.0 in January, with a reading below 50 indicating contraction. Economists had expected the index to rise to...
A report released by the National Association of Realtors on Thursday unexpectedly showed a substantial pullback by pending home sales in the U.S. in the month of January. NAR said its pending home sales plunged by 4.9 percent to 74.3 in January after surging by 5.7 percent to a revised 78.1 in December. Economists had...
India\'s economic growth improved strongly to 8.4 percent year-on-year in the December quarter from 7.6 percent in the previous three months, preliminary estimates from the statistics ministry showed Thursday. Economists had forecast the growth rate to slow to 6.6 percent. Manufacturing registered double-digit growth of 11.6 percent in the December quarter, followed by 9.5 percent...
The Canadian dollar advanced against its major counterparts in the New York session on Thursday, as U.S. stocks rose after a key inflation reading came in line with expectations in January. Data from the Commerce Department showed that the Federal Reserve\'s preferred measure of inflation, the personal consumption expenditures price index, increased 0.3 percent on...
European stocks closed on a mixed note on Thursday as investors digested a slew of economic data including U.S. personal consumption expenditure report, inflation reports from Germany, France and Spain, in addition to reacting to corporate earnings updates. Data from the Commerce Department showed consumer price growth in the U.S. slowed to 2.4% in January...
By Chuck Mikolajczak NEW YORK (Reuters) - U.S. stocks closed slightly lower on Wednesday, a day ahead of a key inflation reading that could heavily influence expectations for the timing of an interest rate cut from the Federal Reserve. The personal consumption expenditures (PCE) price index, the Fed\'s preferred inflation gauge, is expected to show...
By Harshita Mary Varghese (Reuters) -Theater chain AMC Entertainment (NYSE:AMC) on Wednesday posted a bigger-than-expected quarterly loss on higher distribution costs for Taylor Swift and Beyonce concert movies and lack of big releases from Hollywood studios after twin strikes. Shares of the Leawood, Kansas-based company fell 8.1% in trading after the bell. Several big titles...
CLEVELAND - Sotera Health Company (NASDAQ:SHC), a global provider of sterilization solutions and lab services, announced the pricing of its secondary stock offering at $14.75 per share. The offering consists of 25 million shares sold by existing stockholders, including affiliates of private equity firms Warburg Pincus LLC and GTCR LLC, two management members, and one...
-- U.S. stock index futures fell in evening deals on Wednesday, extending a decline in Wall Street as uncertainty over an upcoming inflation reading and warnings from Federal Reserve officials spurred increased risk aversion. Investors remained largely fearful that sticky inflation will see the Fed keep interest rates higher for longer. Several Fed officials echoed...
By Jaspreet Singh (Reuters) -HP Inc missed Wall Street estimates for first-quarter revenue on Wednesday, marking a seventh straight quarter of decline, driven by sluggish demand in the personal computers (PC) market as customers delay system upgrades. Shares of HP, which is the second-largest PC vendor in the world after China\'s Lenovo Group (OTC:LNVGY), fell...