The U.S. dollar declined against its major counterparts in the New York session on Friday, despite data showing a higher-than-expected increase in producer prices in June. The Labor Department said its producer price index for final demand rose by 0.2 percent in June following a revised unchanged reading in May. Economists had expected producer prices...
European stocks closed on a positive note on Friday amid optimism about the outlook for Fed interest rates after soft U.S. consumer price inflation data, and slightly dovish comments from Fed Chair Jerome Powell during his congressional testimony earlier in the week. Optimism about quarterly earnings, and a couple of encouraging economic data from the...
The Thai stock market has moved higher in three straight sessions, advancing more than a dozen points or 0.9 percent along the way. The Stock Exchange of Thailand now rests just above the 1,330-point plateau and it\'s tipped to extend its gains again on Monday. The global forecast for the Asian markets is positive, with...
China\'s gross domestic product expanded 4.7 percent on year in the second quarter of 2024, the National Bureau of Statistics said on Monday. That was shy of expectations for an increase of 5.1 percent and down from 5.3 percent in the three months prior. On a seasonally adjusted quarterly basis, GDP rose 0.7 percent -...
Indian shares opened on a positive note Monday, mirroring firm cues from global markets on expectations of Fed rate cuts and a potential return of former president Donald Trump to the White House. The benchmark S&P/ BSE Sensex was up 195 points, or 0.2 percent, at 80,715 in early trade while the broader NSE Nifty...
Reversing the gains in the previous three sessions, the Japanese stock market is sharply lower in on Friday, following the mixed cues from Wall Street overnight. The benchmark Nikkei 225 is retracting from all-time highs to plunge 2 percent to below the 41,400 level, with weakness across most sectors led by index heavyweights, exporters and...
Indian shares are likely to open higher on Friday as softer-than-expected U.S. inflation data bolstered hopes for two Federal Reserve rate cuts this year. That said, volatility cannot be ruled out due to apprehensions over quarterly earnings and concerns over rising oil prices on signs of stronger demand. After market hours on Thursday, Tata Consultancy...
Casino-entertainment company Bally\'s Corp. (BALY) announced Friday a refreshed Bally\'s Chicago Casino permanent site plan that features a planned 500-room, 34-story hotel tower into a single-phase construction project at the 30-acre former Tribune Publishing site, pending approval of the Chicago Department of Planning & Development. In new renderings released now, the future Bally\'s Chicago Casino...
Following yesterday\'s tamer-than-expected consumer price inflation data, the Labor Department released a report on Friday showing producer prices in the U.S. increased by slightly more than expected in the month of June. The Labor Department said its producer price index for final demand rose by 0.2 percent in June following a revised unchanged reading in...
Dollar General Corp. has agreed with the U.S. regulator for a corporate-wide settlement over safety allegations. The discount store operator will pay $12 million in penalties under the settlement, and agreed to make significant workplace safety improvements in stores across the United States. These include new safety protocols, hiring of more safety staff, and a...