Federal Reserve Chair Jerome Powell will tell members of Congress on Wednesday that it will likely be appropriate for the central bank to begin lowering interest rates at \"some point this year\" but reiterated officials need \"greater confidence\" inflation is moving sustainably toward 2 percent. In prepared remarks before the House Financial Services Committee, Powell...
Janssen-Cilag International NV, a Johnson & Johnson company (JNJ), announced Wednesday the submission of a Type II variation application to the European Medicines Agency (EMA). The submission is seeking approval for an indication extension of DARZALEX (daratumumab) subcutaneous (SC) formulation in combination with bortezomib, lenalidomide, and dexamethasone (D-VRd) for the treatment of adult patients with...
The Thai stock market has finished lower in seven straight sessions, slipping almost 45 points or 3.1 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,360-point plateau and it\'s likely to open in the red again on Wednesday. The global forecast for the Asian markets suggests further consolidation on...
The Japanese stock market is modestly lower on Wednesday, extending the slight losses in the previous session, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling to a tad above the 40,000 mark, as traders engaged in booking some profits after the recent strength in the markets that took the...
Indian shares may open lower on Wednesday, with tech stocks likely to suffer heavy losses amid considerable uncertainty about the outlook for U.S. interest rates. Federal Reserve Chair Jerome Powell is due to testify before the House Financial Services Committee later today and the Senate Banking Committee on Thursday, with analysts expecting the Fed chief...
Asian stock markets are trading mixed on Wednesday, following the broadly negative cues from Wall Street overnight, as traders continued to cash in on recent strength in the markets. They also remain cautious ahead of the US Fed Chair Jerome Powell\'s congressional testimony this week, which would provide clues about the outlook for interest rates....
Indian shares opened on a cautious note Wednesday, mirroring weak cues from global markets as investors braced for Fed Chair Jerome Powell\'s congressional testimony and the ECB rate decision. The benchmark S&P BSE Sensex edged up 40 points to 73,716 in lackluster trade while the broader NSE Nifty index was down 4 points at 22,352....
CareTrust REIT, Inc. (CTRE) announced Wednesday the acquisition of three skilled nursing facilities for approximately $55.6 million, inclusive of transaction costs. Two of the facilities are located in Houston, Texas and one is located in Columbia, Missouri. The transaction was funded with cash on hand. The portfolio, consisting of 210 skilled nursing beds and 24...
Thor Industries, Inc. (THO), manufacturer of recreational vehicles, reported Wednesday that net income attributable to the company for the second quarter was $7.22 million or $0.13 per share, sharply down from $27.08 million or $0.50 per share in the prior-year quarter. Net sales for the quarter declined 11.9 percent to $2.21 billion from $2.35 billion...
Canadian shares are likely to open on a mixed note on Wednesday with investors awaiting the Canadian central bank\'s policy announcement, and reacting to mixed commodities markets. The Bank of Canada, which will announce its monetary policy at 9:45 AM ET, is widely expected to leave its key rate unchanged at 5%. The bank\'s views...