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U.S. third-quarter GDP growth revised upward to 5.2%, surpassing initial estimate of 4.9%. Corporate profits increase by 4.3% while consumer spending revised lower. The Commerce Department reported the increase, driven by business investment in warehouses and equipment but countered by a slowdown due to higher borrowing costs. Economists suggest that despite robust numbers, the economy …
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SREDNEURALSK, Russia, Nov 16 (Reuters) – Dealing with increased expenses for baby necessities like food and diapers has meant that Darya Stepanova and her family had to cut back on their spending of daily treats and dining out. The Russian economy continues to feel the repercussions of the war in Ukraine and the ripple effects …
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Japanese Yen and U.S. dollar banknotes are illustrated in March 10, 2023 REUTERS/Dado Ruvic/Illustration/File Photo/File Photo LONDON – On Monday, the dollar reached its highest point in more than a year against the Japanese yen, benefiting from the reduced expectations of U.S. Federal Reserve interest rate cuts for the next year. Despite the yen weakening …
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Euro Zone Inflation Hits Lowest Level Since July 2021 in October Shoppers are seen purchasing an assortment of fruits at a local market in Nice, France on June 8, 2023. Photo: REUTERS/Eric Gaillard Euro zone inflation has experienced a significant decline, reaching its lowest level since July 2021 in October. This decrease in inflation, accompanied …
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U.S. Stocks Plummet as Tech Giants Struggle with Earnings Meta Platforms Forecasts 2024 Spending Above Estimates UPS Lowers Full-Year Revenue Outlook Western Digital Plunges as Kioxia Merger Scrapped Amazon.com Rises in Extended Trading After Results On October 26, U.S. stocks witnessed a significant decline, largely due to weak performances from tech and tech-adjacent megacap stocks. …
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Representations of cryptocurrency Bitcoin and U.S. dollar are seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/Illustration The Dollar Softens as Bitcoin Soars on ETF Speculation TOKYO, Oct 24 (Reuters) – The dollar weakened against a range of currencies on Tuesday, following a decline in Treasury yields while investors awaited crucial U.S. economic data ahead …
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Passersby walk past an electric monitor displaying the Japanese yen exchange rate against the U.S. dollar outside a brokerage in Tokyo, Japan October 4, 2023. REUTERS/Issei Kato/File photo The MSCI Global Share Index Hits Lowest Since March S&P futures are edging higher ahead of a slew of tech results. Meanwhile, the U.S. GDP data expected …
By Staff The Canadian Press Posted September 29, 2023 7:25 am Decrease article font size Increase article font size Statistics Canada will release its figures for the start of the third quarter today, providing insights into the economy. The agency will report real gross domestic product numbers for July. Earlier estimates for July suggested that …
Stubborn inflation may not necessitate another interest rate hike, but it could result in the Bank of Canada maintaining its policy rate at a higher level for a longer duration, as indicated by new forecasts released this week. An updated economic outlook from Deloitte Canada, published on Thursday, reveals a more challenging path for gross …
The US economy displayed resilience and expanded at a rate of 2.1% annually from April to June, despite increased borrowing costs. This figure is a slight downgrade from the initial estimate of 2.4%. The Commerce Department’s second estimate reveals a slight acceleration from the previous quarter’s 2% growth rate. Despite the Federal Reserve’s efforts to …