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...
At 10 am ET Friday, ISM manufacturing PMI, U.S. construction spending and University of Michigan\'s final consumer sentiment index have been released. After the data, the greenback pulled back against its major counterparts. The greenback was trading at 1.2619 against the pound, 1.0870 against the euro, 0.8863 against the franc and 150.25 against the yen...
Indian shares ended a choppy session higher on Thursday as signs of softening inflation in Spain, France and six economically important German states fueled debate on when the European Central Bank would cut interest rates. The upside remained capped somewhat ahead of the release of the U.S. personal consumption expenditures (PCE) price index, the Fed\'s...
The euro strengthened against other major currencies in the European session on Thursday. The euro rose to a 1-week high of 0.8571 against the pound and a 2-day high of 1.0855 against the U.S. dollar, from early low of 0.8552 and 1.0826, respectively. The euro edged up to 0.9542 against the Swiss franc, from an...
The euro strengthened against other major currencies in the European session on Thursday, as European stocks traded slightly higher after data showed Spanish inflation cooled sharply in February. Also, French inflation eased to its weakest level since September 2021, fueling debate on when the European Central Bank would cut interest rates. German inflation figures and...
ACI Worldwide, Inc. (ACIW) reported Thursday that net income for the fourth quarter increased to $122.62 million or $1.12 per share from $90.23 million or $0.81 per share in the prior-year quarter. Excluding items, adjusted net income for the quarter were $1.27 per share, compared to $1.00 per share in the year-ago quarter. On average,...
Healthcare services company Tenet Healthcare Corp. (THC) announced Thursday it entered into a definitive agreement with Adventist Health for the sale of two Tenet hospitals and related operations in San Luis Obispo County. Tenet also announced its Conifer Health Solutions subsidiary will enter into an agreement to provide revenue cycle services for Adventist Health. Conifer...
While reporting financial results for the fourth quarter on Thursday, electronics retailer Best Buy Co., Inc. (BBY) initiated its adjusted earnings, revenue and comparable sales guidance for the full-year 2025. For fiscal 2025, the company now projects adjusted earnings in a range of $5.75 to $6.20 per share on revenues between $41.3 billion and $42.6...