January 16, 2025 12:44 pm
Kenvue Inc (NYSE: KVUE), the world’s largest pure-play consumer health company by revenue, said on Thursday that its Board of Directors had authorized a quarterly cash dividend of $0.205 per share of common stock. The dividend was kept unchanged from the previous quarterly dividend payment. The dividend will be paid on February 26th to shareholders […]
Read moreJanuary 16, 2025 8:06 am
The South Korean Won pulled back from a fresh one-week high against the US Dollar, after the Bank of Korea surprisingly left interest rates without change at its January meeting. The Bank of Korea kept its base rate intact at 3%, against market consensus of a 25 basis point cut. The rate decision came amid […]
Read moreJanuary 15, 2025 12:19 pm
Industrial production in the Euro Area was reported to have risen 0.2% month-over-month in November, after a revised up 0.2% growth in October. The latest result fell short of market consensus of a 0.3% increase. In November, production rebounded for: – energy (up 1.1% after a 1.3% drop in October); – durable consumer goods (up […]
Read moreJanuary 15, 2025 9:33 am
The USD/NOK currency pair eased from a recent peak of 11.5302, its highest level since March 2020, on Wednesday ahead of the essential US CPI inflation data that could provide further clues over the Federal Reserve’s monetary easing path. Annual headline consumer inflation in the US probably picked up to 2.9% in December, according to […]
Read moreJanuary 15, 2025 8:10 am
The GBP/USD currency pair remained pressured not far from a 14 1/2-month low of 1.2099 on Wednesday, after data showed annual headline and core inflation rates in the UK had slowed in December. Annual inflation rate in the UK eased to 2.5% in December from 2.6% in November, data by the Office for National Statistics […]
Read moreJanuary 14, 2025 12:11 pm
Morgan Stanley has upgraded Crown Holdings Inc (NYSE: CCK) to “Overweight” from “Equal Weight” on improved marketing conditions for packaging. Yet, the Wall Street bank revised down its 12-month price target on the stock to $105.00 per share from $109.00 previously. Stock Performance The shares of Crown Holdings Inc (CCK) closed 4.99% ($3.93) higher at […]
Read moreJanuary 14, 2025 9:51 am
RTX Corp’s (RTX) Raytheon unit has secured a $333 million contract from the US Navy to produce Standard Missile-6 (SM-6) Block IA missiles. Deployed on US Navy ships, SM-6 delivers a proven, over-the-horizon offensive and defensive capability by leveraging the time-tested Standard Missile airframe and propulsion system. “SM-6 has a proven performance, and this contract […]
Read moreJanuary 14, 2025 8:07 am
Sonos Inc (NASDAQ: SONO) said on Monday that its current Chief Executive Officer, Patrick Spence, would step down as CEO and as a member of the Board of Directors, effective immediately. Meanwhile, Tom Conrad, an independent member of the Board since 2017, has been appointed as Interim CEO with immediate effect. The Board has commenced […]
Read moreJanuary 13, 2025 11:54 am
Annual CPI inflation in India has slowed further, to 5.22% in December from 5.48% in November, data showed on Monday. In comparison, a consensus of analyst estimates had pointed to a slowdown to 5.3%. The inflation rate has remained within the Reserve Bank of India’s medium-term target range of 2%-6%. Food inflation in the country […]
Read moreJanuary 13, 2025 9:55 am
The number of jobs advertised in the major daily newspapers in Australia as well as on Internet sites rose 0.3% month-over-month in December, the latest data by ANZ showed. That followed a 1.8% drop in the preceding month and implied labor market resilience amid high interest rates. Hiring activity usually halts during December, but still, […]
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