US initial jobless claims dropped -16k to 193k in the week ending September 24, smaller than expectation of 213k. Four-week moving average of initial claims dropped -9k to 207. Continuing claims dropped -29k to 1347k Read more…
Canada GDP grew 0.1% mom in July, better than expectation of -0.1% mom contraction. Goods-producing industries grew 0.5% mom while Services-producing industrial contracted -0.1% mom. 11 of 20 industrial sectors increased. Advance information indicates that Read more…
BoE Governor Deputy Governor Dave Ramdsen reiterated in a speech that the target gilt purchases announced this week, after severe repricing of assets, are “strictly time limited until 14 October”. “They are intended to tackle Read more…
The dollar resumed its grip on global risk markets Thursday, rising from its worst day in more than two years as investors refocus on inflation concerns. Updated at 8:37 am EST U.S. equity futures moved Read more…
CEO Bill Nash called the August quarter a “challenge” for the broader used car industry as CarMax fell shy of analysts forecasts for both profits and revenues. CarMax (KMX) – Get CarMax Inc Report shares fell Read more…
If a 16-year-old driving your car doesn’t scare the wits out of you, just look at the cost of adding a teenager to your car insurance policy. If Batman ever let Robin drive the Batmobile, Read more…
Macy’s is borrowing a page from Amazon’s and other retailers’ playbooks in a bid to attract shoppers to its online offerings and boost e-commerce sales. Old-school brick-and-mortar department store Macy’s (M) – Get Macy’s, Inc. Read more…
“We see risk to (Apple stock) outperformance over the next year … driven by weaker consumer demand,” said BofA Global Research analyst Wamsi Mohan. Apple Inc. (AAPL) – Get Apple Inc. Report shares extended declines Thursday Read more…
Amazon will spend an extra $1 billion boosting warehouse and transport workers’ pay, just as the Fed is hoping to see moderating wage growth bring down inflation. Amazon (AMZN) – Get Amazon.com Inc. Report shares moved Read more…
Eurozone Economic Sentiment Indicator dropped from 97.3 to 93.7 in September. Employment Expectation Indicator dropped from 107.9 to 106.7. Economic Uncertainty Indicator rose from 25.4 to 29.3. Eurozone Industrial confidence dropped from 1.0 to -0.4. Read more…