China\'s central bank unexpectedly reduced the medium-term lending facility rate by 20 basis points for the first time since August, after cutting several benchmark lending rates on Monday. The People\'s Bank of China cut the rate on one-year medium-term lending facility to 2.3 percent from 2.5 percent on Thursday. The bank injected CNY 200 billion...
The Japanese yen strengthened against other major currencies in the Asian session on Thursday, as traders speculate that the Bank of Japan is likely to raise its interest rate in the monetary policy meeting due next week, to boost the currency. The markets suspect the strength of the currency is due to the Fx market...
Asian stocks plunged on Thursday as a disappointing start of the mega-cap U.S. earnings season prompted investors to pull back on the artificial-intelligence frenzy. A surprise rate cut in China also offered a reality check regarding the challenges facing the world\'s second-largest economy. The U.S. dollar plummeted against the yen ahead of a Bank of...
German stocks fell on Thursday to extend losses from the previous session as a global tech selloff intensified and a survey showed German business morale unexpectedly fell in July. The Ifo institute\'s business climate index sank to 87.0 in July from 88.6 in June amid increasing pessimism about the performance of Europe\'s largest economy. The...
Business advisory firm FTI Consulting, Inc. (FCN) reported Thursday that net income for the second quarter increased to $83.95 million or $2.34 per share from $62.40 million or $1.75 per share in the year-ago quarter. Revenues for the quarter grew 10 percent to $949.16 million from $864.59 million in the same quarter last year. On...
Falling crude oil and metal prices, and weak European markets point to a negative start for Canadian shares on Thursday. Investors will also be reacting to key economic data from the U.S., and a slew of earnings updates from Canadian and U.S. companies. Loblaw Companies Ltd. (L.TO) reported adjusted net earnings of $664 million for...
While reporting financial results for the second quarter on Thursday, Federal Signal Corp. (FSS) raised its adjusted earnings guidance for the full year 2024, while reaffirming annual net sales outlook. For fiscal 2024, the company now projects adjusted earnings in a range of $3.20 to $3.35 per share, up from the prior forecast range of...
Health and well-being company Humana, Inc. (HUM) announced Thursday a new multi-year agreement with Google Cloud to further modernize Humana\'s cloud infrastructure and leverage cutting-edge AI capabilities to accelerate innovation in healthcare. This agreement builds on an ongoing collaboration between Google Health and Humana to co-develop solutions focused on population health and bringing the best...
Bank holding company Cullen/Frost Bankers, Inc. (CFR) on Thursday reported that second quarter net income available to common shareholders declined to $143.83 million or $2.21 per share from $160.45 million or $2.47 per share in the prior-year quarter. On average, 16 analysts polled by Thomson Reuters expected the company to report earnings of $2.07 per...
Materials science company Dow, Inc. (DOW) reported Thursday that net income for the second quarter declined from last year, hurt by lower integrated margins, higher planned maintenance activity and a 4 percent decline in net sales. Both Adjusted earnings per share and quarterly net sales missed analysts\' estimates. \"In the second quarter, Team Dow delivered...