By Chuck Mikolajczak NEW YORK (Reuters) -U.S. stocks closed near flat on Tuesday ahead of inflation and other economic data that could shed light on the possible timing of a Federal Reserve interest rate cut. As corporate earnings season winds down, investors refocused on economic data and the likely path of U.S. rates. Equities have...
(Reuters) - Ross Stores (NASDAQ:ROST) forecast annual profit and same-store sales below Wall Street estimates on Tuesday as budget-conscious consumers cut back on discretionary spending amid sticky inflation. Lower-income customers, whose household budgets have shrunk due to higher pricing pressures, have been compelled to hit a pause on even cheaper non-essential items and limit purchases...
The value of the U.S. dollar saw a notable rebound during Thursdays trading but has pulled back sharply during trading on Friday. The U.S. dollar index has slumped by 0.81 points or 0.8 percent to 100.70, falling to its lowest levels in over a year. The buck is trading at 144.35 yen versus the 146.29...
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The U.S. dollar climbed higher on Monday, recovering from recent losses, as investors looked ahead to a slew of crucial economic data, including reports on consumer and producer price inflation, for clues about the central bank\'s interest rate moves. After the Labor Department\'s jobs data offered conflicting signals on the U.S. economic and rate outlook,...
Sigma Energi Compressindo Tbk (SICO), an oil and gas service company established circa 2007, is planning an interim dividend distribution of IDR 3 per share or IDR 2.73 billion in total. Vita Diani Satiadhi, Director of SICO, said that this plan aligns with the decision made by the board of directors a couple of days...
Senator Sherrod Brown (D-H), a noted crypto-skeptic, expressed openness to stablecoin legislation amidst news of a bipartisan bill proposed by Representatives Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY), a Tuesday report from Bloomberg revealed. When asked by the news outlet if he would advance stablecoin legislation tethered to a bill focused on reducing compensation for...
The Canadian dollar weakened against the U.S. dollar in the New York session on Friday. The loonie was trading at 1.3590 against the greenback, down from an early sessions high of 1.3565. The currency is seen finding support around the 1.38 level.
Bitcoin’s price, now at $70,768 with a 1.50% rise, is nearing uncharted territory, spurred by a $35 billion trading volume. Amidst Google’s embrace of blockchain data, indicating growing mainstream acceptance, Bitcoin price predictions are increasingly optimistic, suggesting a trajectory towards new all-time highs. This shift underscores a significant moment in cryptocurrency’s integration into the broader...
BlockFi, the beleaguered cryptocurrency lender, has received court approval to repay 100% of customers’ funds and unsecured creditors after nearly two years of financial turmoil and legal battles. The US Bankruptcy Court for the District of New Jersey granted this approval, marking a significant milestone in BlockFi’s journey to make its customers whole. BlockFi Granted...