The U.S. dollar strengthened against other major currencies in the Asian session on Wednesday. The U.S. dollar rose to nearly a 2-week high of 1.3550 against the Canadian dollar, from Tuesday\'s closing value of 1.3527. Against the euro and the pound, the greenback advanced to 2-day highs of 1.0825 and 1.2658 from yesterday\'s closing quotes...
The New Zealand dollar weakened against other major currencies in the Asian session on Wednesday, after the New Zealand\'s central bank left the benchmark interest rate unchanged for the fifth straight meeting, as widely expected, and suggested that the rate will remain tight for a sustained period of time. The Monetary Policy Committee of the...
While reporting financial results for the fourth quarter on Wednesday, off-price retailer TJX Companies, Inc. (TJX) initiated its earnings and comparable store sales outlook for the first quarter and for the full-year 2024. For the first quarter, the company now expects earnings in a range of $0.84 to $0.86 per share on consolidated comparable store...
Euro area economic confidence weakened unexpectedly to a three-month low in February, suggesting that the currency bloc remains close to recession, monthly survey data from the European Commission showed on Wednesday. The economic sentiment index fell to 95.4 from revised 96.1 in the previous month. The score was forecast to rise to 96.7. At -9.5,...
Southwest Gas Holdings, Inc. (SWX) reported Wednesday net income for the fourth quarter of $72.87 million or $1.01 per share, compared to a net loss of $280.58 million or $4.18 per share in the prior-year quarter. Excluding items, adjusted earnings per share were $1.13 per share, compared to $1.16 per share last year. Consolidated operating...
Revised data released by the Commerce Department on Wednesday showed the U.S. economy grew by slightly less than previously estimated in the fourth quarter of 2023. The Commerce Department said the jump by real gross domestic product in the fourth quarter was downwardly revised to 3.2 percent from the previously reported 3.3 percent. Economists had...
APi Group Corp. (APG) on Wednesday reported a net loss attributable to common shareholders for the fourth quarter of $256 million or $1.08 per share, compared to net income of $11 million or $0.04 per share in the prior-year quarter. Excluding items, adjusted net income for the quarter were $0.44 per share, compared to $0.36...
The pound traded lower on Wednesday, amid a resurgence in the U.S. dollar ahead of key inflation data. Personal consumption expenditures price index, scheduled for release on Thursday, may influence investor expectations about the Fed\'s potential moves on interest rates. On Tuesday, Fed Governor Michelle Bowman said inflation will continue to decline further but it\'s...
Total credit in Australia\'s private sector was up a seasonally adjusted 0.4 percent on month in January, the Reserve Bank of Australia said on Thursday - unchanged and in line with expectations. Housing credit also rose 0.4 percent on month, while personal credit added 0.2 percent and business credit gained 0.7 percent. On a yearly...
The total value of new capital expenditure in Australia was up a seasonally adjusted 0.8 percent on quarter in the fourth quarter of 2023, the Australian Bureau of Statistics said on Thursday - coming in at A$40.061 billion. That beat forecasts for an increase of 0.4 percent following the downwardly revised 0.3 percent increase in...