While reporting financial results for the fourth quarter on Wednesday, technology company Automatic Data Processing Inc. (ADP) initiated its earnings, adjusted earnings and revenue growth guidance for the full-year 2025. For fiscal 2025, ADP now projects earnings per share growth in a range of 9 to 11 percent and adjusted earnings per share growth in...
While reporting financial results for the second quarter on Wednesday, specialty measurement company Waters Corp. (WAT) slashes its adjusted earnings and sales growth outlook for the full-year 2024 and provided guidance for the third quarter, which was below analysts\' estimates. For fiscal 2024, the company now projects adjusted earnings in a range of $11.55 to...
The Federal Reserve on Wednesday announced its widely expected monetary policy decision to leave interest rates unchanged. Citing its goals of maximum employment and inflation at the rate of 2 percent over the longer run, the Fed said it decided to maintain the target range for the federal funds rate at 5.25 to 5.50 percent....
The Canadian market climbed to a fresh record higher on Wednesday with stocks from across several sectors posting strong gains amid rising prospects of an interest rate cut by the Federal Reserve in September. The benchmark S&P/TSX Composite Index is up 288.65 points or 1.26% at 23,113.34. Dayforce Inc. (DAY.TO) is soaring nearly 12%. The...
The U.S. dollar, which showed signs of recovering from early weakness around mid morning on Wednesday, drifted down after the Federal Reserve left its interest rates unchanged, but signaled a rate cut in September. The Fed acknowledged \"some further progress\" toward its inflation objective but reiterated officials need \"greater confidence\" inflation is moving sustainably toward...
The Canadian market rose to a fresh record high on Wednesday, moving past a high registered about a fortnight ago, as the Federal Reserve hinted at some rate cuts in the coming months. Higher crude oil and gold prices triggered some strong buying in the resources sectors, contributing significantly to market\'s move up north. The...
Australia will on Wednesday release June figures for imports, exports and trade balance, highlighting a busy day for Asia-Pacific economic activity. In May, imports were up 3.9 percent on month and exports rose 2.8 percent for a trade surplus of A$5.773 billion. Australia also will see Q2 data for import and export prices; in the...
The South Korea stock market found renewed support on Wednesday, one day after snapping the two-day winning streak in which it had jumped more than 55 points or 2 percent. The KOSPI now sits just above the 2,770-point plateau and it may add to its winnings on Thursday. The global forecast for the Asian markets...
The Hong Kong stock market has climbed higher in two straight sessions, collecting more than 230 points or 1.4 percent in that span. The Hang Seng Index now rests just beneath the 17,240-point plateau and it\'s likely to be stuck in neutral on Tuesday. The global forecast for the Asian markets is a holding pattern...
The Indonesia stock market has moved higher in back-to-back sessions, gathering almost 50 points or 0.7 percent along the way. The Jakarta Composite Index now sits just beneath the 7,290-point plateau although it may spin its wheels on Tuesday. The global forecast for the Asian markets is a holding pattern ahead of Wednesday\'s FOMC rate...