Providing an encouraging sign for the labor market, the Labor Department released a report on Thursday showing that first-time claims for U.S. unemployment benefits dropped to their lowest level in over fourteen years in the week ended January 24th.
After ending the two previous sessions sharply lower, stocks may move back to the upside in early trading on Thursday. The major index futures are currently pointing to a higher open for the markets, with the Dow futures up by 63 points.
Germany's consumer prices in January declined for the first time in nearly five-and-a-half years and at faster than expected rates, in sync with forecasts for deflation in the euro area, preliminary figures from Destatis showed Thursday. The EU measure of inflation, the harmonized index of consumer prices, fell 0.5 percent annually, following a modest 0.1 percent gain in December. Economists had forecast a 0.2 percent decline.
Eurozone economic confidence strengthened a 6-month high in January on marked increases in consumer and retail trade confidence, survey data from the European Commission showed Thursday. The economic confidence index rose to 101.2, the highest since July, from 100.6 in December. It was forecast to rise to 101.6.
Germany's unemployment rate declined to a record low at the start of the year, reflecting an improvement in the labor market after the euro area's biggest economy expanded the most in three years during 2014. The jobless rate dropped to a seasonally adjusted 6.5 percent in January from a revised 6.6 percent in December, the Federal Labor Agency reported Thursday.
Trading in the U.S. index futures suggests that Wall Street stocks may seek to rebound on Thursday after the FOMC statement roiled the markets yesterday. Earnings released yesterday after the market close yesterday were largely mixed and the markets gear up to receive earnings reports from companies...
Boeing 747-8 will serve as the next US presidential aircraft, commonly known as Air Force One. Air Force News Service reported that Air Force Secretary Deborah Lee James, in coordination with Under Secretary of Defense for acquisition, technology and logistics Frank Kendall, selected Boeing 747-8 ahead of Airbus A380, the only two companies that manufacture four-engine, wide-body platforms that c
European stocks fell on Thursday, tracking weakness on Wall Street overnight, after the U.S. Federal Reserve's first policy statement of 2015 indicated that officials are on track to raise short-term interest rates later this year.
The Fed reiterated its pledge to remain patient in beginning to normalize...
British beverages giant Diageo Plc reported Thursday lower profit in its first half even as sales were benefited by strong volume growth mainly with continued strong performance of reserve brands. Chief Executive Ivan Menezes said, "We have already taken action to improve the performance of those brands and markets that have not performed as well as we would expect."
Here is a list of interesting earnings for Jan 29
1.Semiconductor company Cirrus Logic Inc (CRUS) on Wednesday reported third-quarter net earnings of $22.7 million or $0.35 per share compared with $41.5 million or $0.63 per share last year.
Excluding items, adjusted earnings for the quarter were...
Shares of Infineon Technologies AG were gaining around 4 percent in the morning trading in Germany after the chip maker reported Thursday significant growth in the first-quarter profit, benefited by higher revenues and margin. Looking ahead, the company projects sales growth in its second quarter and fiscal 2015, amid challenging market conditions.
German lender Deutsche Bank AG Thursday reported a profit in its fourth quarter, compared to prior year's loss, mainly reflecting lower expenses and provision for credit losses, as well as higher revenues in Corporate Banking & Securities segment.
Telecom-gear maker Nokia Corp. (NOK) Thursday reported a profit for the fourth quarter, compared to a loss last year, supported by a 9 percent growth in sales with significant increase in North America. Further, the company lifted its non-IFRS operating margin outlook for the HERE division for 2015.
European stocks look set to open on a subdued note Thursday after the U.S. Federal Reserve's policy statement turned out to be less dovish than expected. While reiterating its previous pledge to remain patient in raising interest rates, the Fed's policy-making committee struck an upbeat tone on the U.S....
The promise of green tea as a potential chemopreventive agent of mouth cancers in high-risk patient population has been known for quite some time now, and it has been credited to epigallocatechin-3-gallate, or EGCG, a compound found in green tea.