After trending lower over the past several days, the value of the U.S. dollar has regained some ground during trading on Thursday. Currently, the U.S. dollar index is climbing 0.49 points or 0.5 percent to 101.53, bouncing off its lowest levels in nearly eight months. The greenback is trading at 146.5 yen versus the 145.21...
Indian shares may open on a positive note Thursday as oil prices continued to fall on demand concerns and minutes from the most recent Federal Reserve meeting hinted at potential rate cuts amid signs of easing inflation and a rising unemployment rate. Financial markets anticipate significant policy easing, potentially including multiple cuts by year-end. Benchmark...
Indian shares opened on a firm note Thursday as the July FOMC minutes as well as revised data showing a cooling labor market reinforced hopes of a 25-bps rata cut during the September meeting. The benchmark S&P/BSE Sensex was up 178 points, or 0.2 percent, at 81,083 in early trade, while the broader NSE Nifty...
Indian shares ended modestly higher on Thursday, giving up some early gains as investors awaited cues from U.S. PMI and initial jobless claims figures as well as Fed Chair Powells Friday speech at the Jackson Hole Symposium. Underlying sentiment remained supported by a continued fall in oil prices and dovish minutes from the Federal Reserve...
Retailer BJs Wholesale Club Holdings, Inc. (BJ) announced Thursday that net income for the second quarter grew to $144.99 million or $1.08 per share from $131.33 million or $0.97 per share in the prior-year quarter. Excluding items, adjusted net income was $146.33 million or $1.09 per share, compared to $133.50 million or $0.99 per share...
Specialty retailer Cato Corp. (CATO) reported Thursday that net income for the second quarter declined to $0.1 million or $0.01 per share from $1.1 million or $0.06 per share in the prior-year quarter. Sales for the quarter declined 8 percent to $166.9 million from $181.2 million in the year-ago quarter. Same store sales decreased 2...
The euro area private sector growth strengthened midway through the third quarter on solid increase in service sector activity, flash survey compiled by S&P Global showed on Thursday. The HCOB composite output index improved to a three-month high of 51.2 in August from 50.2 in July. The reading was forecast to fall to 50.1. The...
The British pound strengthened against other major currencies in the European session on Thursday, after U.K. private sector activity logged accelerated growth in August, supported by a robust upturn in new order intakes. Data from the flash survey results published by S&P Global showed that the manufacturing Purchasing Managers Index climbed to 52.5 in August...
Food company Lancaster Colony Corp. (LANC) reported on Thursday that net income for the fourth quarter soared to $34.83 million or $1.26 per share from $9.17 million or $0.33 per share in the year-ago quarter. Net sales for the quarter edged down 0.4 percent to $452.83 million from $454.66 million for the same quarter last...
The euro showed mixed trading against its major rivals in the European session on Thursday, after the release of the euro area private sector growth data for August. Data from the flash survey compiled by S&P Global showed that the HCOB composite output index improved to a three-month high of 51.2 in August from 50.2...