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...
Indian shares look set to open on a tepid note Friday, tracking mixed cues from global markets as investors await Fed Chair Jerome Powells Jackson Hole speech later in the day for greater clarity on the upcoming policy action by the U.S. central bank. Meanwhile, the monthly economic review for July released by the Finance...
Indian shares struggled for direction in early trade on Friday as investors awaited cues from U.S. Federal Reserve Jerome Powells speech at the ongoing Jackson Hole Economic Symposium. Markets are looking for new clues on the timing and pace of possible interest rate cuts by the Fed this year. The BSE Sensex was down 4...
European stocks are likely to open on a mixed note Friday as investors await Fed Chair Jerome Powells Jackson Hole speech later in the day for greater clarity on the timing and pace of possible interest rate cuts this year. Swaps pricing currently indicates three 25 basis point cuts across the remaining three Fed policy...