European stocks traded mostly higher on Tuesday as investors reacted to mostly positive regional economic data and encouraging bank earnings. German factory orders decreased 0.4 percent on a monthly basis in March, confounding expectations for an increase of 0.4 percent - according to data from Destatis. Nonetheless, the pace of decrease slowed from the revised...
Indian shares closed lower on Tuesday despite firm cues from global markets. Investors waited for more clarity on events surrounding the Gaza conflict after Hamas reportedly accepted an Egyptian-Qatari cease-fire proposal to halt the seven-month war with Israel, but the latter said the deal didn\'t meet its \"core demand.\" As ceasefire talks continue, Israel is...
Sioux City, Iowa-based Palmer Candy Co. is recalling its \"White Coated Confectionary Items\" citing the potential to be contaminated with Salmonella, according to the U.S. Food and Drug Administration. The impacted items were distributed across the United States in Walmart, HyVee, Target, and Dollar General stores, among others. Further, West Des Moines, Iowa -based Hy-Vee,...
The Reserve Bank of Australia left its benchmark interest rates unchanged at a 12-year high for a fourth straight meeting, as widely expected, on Tuesday. The policy board of the RBA, led by Governor Michele Bullock, decided to maintain the cash rate target at 4.35 percent. The board also retained the interest rate paid on...
A report released by the Labor Department on Thursday showed labor productivity in the U.S. increased by less than expected in the first quarter of 2024. The Labor Department said labor productivity rose by 0.3 percent in the first quarter after spiking by a revised 3.5 percent in the fourth quarter. Economists had expected productivity...
While reporting financial results for the first quarter on Thursday, technology company Aptiv PLC (APTV) raised its adjusted earnings guidance for the full-year 2024, while slashing annual net sales outlook. For fiscal 2024, the company now projects adjusted earnings in a range of $5.80 to $6.30 per share on net sales between $20.85 billion and...
Higher crude oil prices and comments from Bank of Canada Governor Tiff Macklem that the central bank is getting closer to start cutting rates from over 2-decade highs, indicate a positive start for Canadian shares on Thursday. The market is also likely to benefit from Fed Chair Jerome Powell\'s comments that the next rate move...
SLB (SLB) announced Thursday the signing of a new long-term strategic collaboration agreement between Equinor ASA (EQNR) and the Subsea Integration Alliance (which comprises OneSubsea and Subsea7). The agreement paves the way for exploratory work to begin on two projects: the Wisting field offshore Norway and Bay Du Nord, off Newfoundland and Labrador, Canada. The...
With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits remained flat in the week ended April 27th. The report said initial jobless claims came in 208,000, unchanged from the previous week\'s upwardly revised level. Economists had expected jobless claims to...
The U.S. trade deficit edged slightly lower in the month of March, according to a report released by the Commerce Department on Thursday. The Commerce Department said the trade deficit narrowed to $69.4 billion in March from a revised $69.5 billion in February Economists had expected the trade deficit to inch up to $69.1 billion...