The average of household spending was down 6.3 percent on year in January, the Ministry of Economy, Trade and Industry said on Friday - coming in at 289,467 yen. That missed expectations for a decline of 4.1 percent following the 2.5 percent drop in December. On a monthly basis, household spending slipped 2.1 percent -...
European stocks may see modest gains at open on Friday after Federal Reserve Chair Jerome Powell said the U.S. central bank is getting close to the confidence it needs to start lowering interest rates. Cleveland Fed President Loretta Mester reiterated on Thursday that there could be a likelihood of rate cuts later in the year,...
The U.S. dollar continued its early weakness against other major currencies in the Asian session on Friday amid rising fears among traders that the U.S. Fed Reserve is likely to cut its interest rates this year. U.S. Fed Chair Jerome Powell told Congress on Thursday that rate cuts \"can and will\" begin this year. Asian...
The U.S. Consumer Product Safety Commission or CPSC has announced recalls including snowmobiles, LaBomba bicycles, Coolers, pants sets, Fossil Bracelets, crib mattresses, and magnetic ball sets citing various reasons. The recall involves about 2,700 units of Textron Specialized Vehicles\' Arctic Cat Catalyst 600 Snowmobiles for injury risk; about 3,040 units of GT Bicycles LLC\'s LaBomba...
Asian stocks followed Wall Street higher on Friday to hit a seven-month high as easier interest rates beckoned on the horizon. The dollar and Treasury yields were under pressure, helping underpin sentiment ahead of the all-important U.S. jobs data due later in the day that might offer further clues on when the Federal Reserve could...
German stocks edged lower on Friday ahead of the all-important U.S. jobs report due later today that could influence the Fed\'s rate trajectory. Closer home, Germany\'s industrial production expanded in January, figures from Destatis showed earlier today. Industrial production posted a monthly growth of 1.0 percent, in contrast to the 2.0 percent fall in December....
French stocks were little changed in cautious trade on Friday as investors awaited the all-important U.S. jobs report later in the day that could help shape investor expectations on interest rate cuts. Meanwhile, France\'s trade deficit increased at the start of the year as exports fell faster than imports, data released by the customs office...
Germany\'s factory orders declined sharply in January as major orders came to their normal levels after registering a remarkable growth, official data revealed Thursday. New orders in manufacturing posted a monthly decline of 11.3 percent, in contrast to the 12.0 percent increase in December, Destatis reported. Economists had forecast a 6.0 percent fall. Destatis said...
The euro weakened against other major currencies in the European session on Thursday, as investors remain cautious about the ECB\'s rate decision as well as President Christine Lagarde\'s press conference for directional cues. The European Central Bank is set to keep its main Refinancing Operations Rate unchanged at 4.5 percent for the fourth time in...
Retailer BJ\'s Wholesale Club Holdings, Inc. (BJ) announced Thursday that net income for the fourth quarter grew to $145.87 million or $1.06 per share from $129.78 million or $0.95 per share in the prior-year quarter. Excluding items, adjusted net income was $149.84 million or $1.11 per share, compared to $136.69 million or $1.00 per share...