New York manufacturing activity contracted at a notably slower rate in the month of June, according to a report released by the Federal Reserve Bank of New York on Monday. The New York Fed said its general business conditions index climbed to a negative 6.0 in June from a negative 15.6 in May, although a...
Dycom Industries, Inc. (DY) announced Monday that Chief Executive Officer Steven Nielsen will retire on November 30, 2024 after 25 years of service. The company has named Executive Vice President and Chief Operating Officer Daniel Peyovich to succeed Nielsen upon his retirement. Nielsen remains CEO and Chair of the Board until his retirement, at which...
The euro area hourly labor cost growth accelerated more than expected in the first quarter, which aligns with trends revealed by other indicators and the European Central Bank\'s view that wage pressures are set to remain elevated for some time before entering a downward trajectory next year. Hourly labor cost grew at a faster pace...
Beyond, Inc. (BYON), owner of Overstock, Bed Bath & Beyond and Zulily, announced Monday structural changes to its leadership team and broader organization which are laser focused on driving efficiencies. As part of the structural changes, the company has eliminated the roles of Co-Chief Executive, expanded the role of Executive Chairman and eliminated the dual...
Biopharmaceutical company Aerovate Therapeutics, Inc. (AVTE) announced Monday topline results from the Phase 2b portion of the Inhaled iMatinib Pulmonary Arterial Hypertension Clinical Trial (IMPAHCT), a Phase 2b/Phase 3, randomized, double-blind, placebo-controlled, multi-national trial of AV-101. AV-101 is a novel dry powder inhaled formulation of imatinib, in adults with pulmonary arterial hypertension (PAH). The objective...
Indian stock markets remain closed today on account of Bakri Id. In the absence of any major domestic triggers, global cues, trading activity of foreign investors, oil price movements and monsoon updates from the IMD may sway sentiment in the truncated week. The 30-share BSE Sensex rose 299.41 points, or 0.39 percent last week, while...
Industrial production in China was up 5.6 percent on year in May, the National Bureau of Statistics said on Monday - well shy of forecasts for an increase of 6.2 percent and slowing sharply from 6.7 percent in April. The bureau also said that retail sales rose an annual 3.7 percent - beating expectations for...
Final inflation from Italy and economic forecast from Switzerland are due the top economic news due on Monday. At 3.00 am ET, the State Secretariat for Economic Affairs is scheduled to issue Swiss economic forecast. In the meantime, producer price data is due from the Czech Republic. At 4.00 am ET, Italy\'s statistical office ISTAT...
European stocks may open a tad higher on Monday, after having suffered heavy losses in the previous session amid heightened political uncertainty in Europe. Asian markets traded mostly lower as a slew of top-tier economic data from China painted a sluggish picture of the economy. China\'s retail sales grew at a faster-than-expected pace in May,...
China\'s industrial production growth slowed more than expected in May and the property investment deteriorated further despite supportive measures, official data revealed on Monday. Industrial production growth decelerated to 5.6 percent in May from 6.7 percent in April, the National Bureau of Statistics reported. The rate was expected to slow moderately to 6.2 percent. Meanwhile,...