Falconer, New York-based MF Meats is recalling around 93,277 pounds of raw meat products citing potential contamination with a non-food grade substance, the U.S. Department of Agriculture\'s Food Safety and Inspection Service or FSIS announced. The affected products may have been contaminated with non-food grade mineral seal oil, which is not approved for use in...
Inflation, unemployment and final manufacturing Purchasing Managers\' survey results from the euro area are due on Friday, headlining a busy day for the European economic news. At 2.00 am ET, the UK Nationwide house price data is due for February. Economists forecast house prices to grow 0.7 percent annually after easing 0.2 percent in January....
European stocks may open on a positive note Friday as January U.S. inflation data reinforced expectations for a June cut to interest rates. Eurostat will release Eurozone Harmonized Index of Consumer Prices (HICP) data for February later today and it is likely that the data would strengthen the case for the European Central Bank to...
The Chinese yuan weakened against the U.S. dollar in the Asian session on Friday. In economic news, data from Caixin showed that the manufacturing sector in China continued to expand in February, and at a slightly faster rate, with a manufacturing PMI score of 50.9. That\'s up from 50.8 in January, and it moved further...
Asian shares turned in a mixed performance on Friday after the release of key U.S. and Chinese economic data. A key U.S. inflation metric closely watched by the Federal Reserve increased at the slowest rate in nearly three years, fueling hopes for a Fed rate cut in June. China reported mixed data, increasing pressure on...
Competition Bureau Canada announced Friday that the court has allowed it to expand its ongoing investigations into the online advertising practices of Alphabet Inc.\'s Google in Canada. The Bureau has been investigating Google since October 2021 on whether the search giant engaged in certain practices that harm competition in the online display advertising industry in...
Hyundai Motor America reported Friday that it sold a total of 69,341 units in the month of February, up 6 percent from last year\'s 57,044 units, driven by best ever February total sales record for Tucson, Tucson HEV, Tucson PHEV, Kona EV and Palisade. Hyundai also achieved record-breaking retail sales of 55,341, a 5 percent...
The Canadian market got off to a slightly positive start and moved further up in early trades Friday morning thanks to gains in energy and technology stocks. Optimism about an interest rate cut by the Federal Reserve in June, and higher crude oil and gold prices are aiding sentiment. Investors are also reacting to quarterly...
Manufacturing activity in the U.S. unexpectedly contracted at an accelerated rate in the month of February, according to a report released by the Institute for Supply Management on Friday. The ISM said its manufacturing PMI dipped to 47.8 in February from 49.1 in January, with a reading below 50 indicating contraction. Economists had expected the...
A report released by the Commerce Department on Friday unexpectedly showed a modest decrease in U.S. construction spending in the month of January. The Commerce Department said construction spending dipped by 0.2 percent to an annual rate of $2.102 trillion in January after jumping by 1.1 percent to a revised rate of $2.106 trillion in...