European stocks were broadly higher on Tuesday, extending gains for a sixth consecutive session after the annual inflation rate in the Eurozone was confirmed at 2.6 percent in July, according to Eurostats second estimate. Overall gains remained limited as investors awaited minutes of the Federal Reserves July policy meeting and a speech from Chair Jerome...
Semiconductor major Texas Instruments Inc. Friday said it has signed a preliminary agreement with U.S. Department Of Commerce to receive up to $1.6 billion in direct funding through the CHIPS and Science Act for 300mm semiconductor manufacturing in Texas and Utah. The company also expects to receive an estimated $6 billion to $8 billion from...
The Canadian market may open slightly down on Friday as weak crude oil prices could weigh on energy stocks. However, firm bullion prices, and easing concerns about the outlook for U.S. economic growth are likely to limit markets downside. Data on Canadian housing starts for the month of July is due at 8:15 AM ET....
New residential construction in the U.S. saw a steep drop in the month of July, according to a report released by the Commerce Department on Friday. The report said housing starts plunged by 6.8 percent to an annual rate of 1.238 million in July after jumping by 1.1 percent to a revised rate of 1.329...
Perry, Georgia-based Perdue Foods LLC is recalling around 167,171 pounds of frozen, ready-to-eat or RTE chicken breast nugget and tender products citing potential contamination with foreign material, specifically metal, according to the U.S. Department of Agricultures Food Safety and Inspection Service or FSIS. The recall involves 22-oz. (1.38-lbs.) vacuum-sealed plastic packages containing PERDUE Simply Smart...
Asian stocks turned in a mixed performance on Monday as investors awaited cues from the FOMC meeting minutes along with speeches by Fed Chair Jerome Powell and other Fed speakers this week for additional clues on the rate trajectory. The dollar began the week on a weak note after a couple of Fed officials said...
German stocks were little changed on Monday after logging in strong gains last week on easing concerns over the health of the U.S. economy. Traders braced for another data-heavy week, with the FOMC minutes and Fed Chair Jerome Powells speech at Jackson Hole likely to provide additional clues on the outlook for interest rates. Flash...
French stocks held steady on Monday as investors awaited cues from the FOMC meeting minutes along with speeches by Fed Chair Jerome Powell and other Fed speakers this week for additional clues on the rate trajectory. The dollar began the week on a weak note after a couple of Fed officials said its time to...
Indian shares were notably higher on Friday as strong retail sales data and lower-than-expected weekly jobless claims figures helped ease fears of a looming recession in the United States. The benchmark S&P/BSE Sensex was up 620 points, or 0.8 percent, at 79,730 in early trade while the broader NSE Nifty index was up 178 points,...
Retail sales from the UK and foreign trade from the euro area are the top economic news due on Friday. At 2.00 am ET, the Office for National Statistics releases UK retail sales data for July. Sales are forecast to grow 0.5 percent on month, reversing the 1.2 percent decrease in June. At 2.30 am...