The Federal Reserve Bank of Philadelphia released a report on Thursday showing a modest slowdown in the pace of contraction in regional manufacturing activity in the month of November. The Philly Fed said its diffusion index for current general activity rose to a negative 5.9 in November from a negative 9.0 in October, although a negative reading still indicates contraction. […]

Save articles for later Add articles to your saved list and come back to them any time. “Investing in the sharemarket is like gambling.” I first heard this phrase as a teenager. Over the years, I would come to hear it many more times and by the time I reached adulthood, I had a well-ingrained fear of share market investing. […]

Reserve Bank of Australia policymaker Marion Kohler cautioned that returning inflation back to the target would be difficult and the road ahead could be bumpy. “The next stage in bringing inflation back to target is likely to be more drawn out than the first,” Kohler, acting assistant governor of RBA, said at the UBS Australasia Conference in Sydney on Monday. […]

Sohu.com Limited (SOHU), a Chinese internet service provider, on Monday reported a turnaround to net profit for the third-quarter of 2023, amidst earnings of $35.426 million from discontinued operations. For the three-month period to September 30, the company posted a net profit of $21.367 million or $0.63 or per share and ADS, compared with a loss of $21.583 million or […]

The Bank of England left its benchmark interest rate unchanged for the second straight meeting on Thursday as economic activity in the UK is projected to be weaker than previously estimated and the labor market showed signs of loosening, and the bank vowed to keep the policy restrictive for sufficiently long to bring inflation back to the target sustainably. The […]

A report released by the Labor Department on Thursday showed U.S. labor productivity shot up by more than expected in the third quarter of 2023, while the report also showed an unexpected downturn in unit labor costs during the quarter. The Labor Department said labor productivity soared by 4.7 percent in the third quarter after surging by a revised 3.6 […]

After reporting a steep drop in new home sales in the U.S. in the previous month, the Commerce Department released a report on Wednesday showing new home sales rebounded by much more than expected in the month of September. The Commerce Department said new home sales soared by 12.3 percent to an annual rate of 759,000 in September after plunging […]

Germany’s Software AG (STWRY.PK) reported Thursday that its thurd-quarter net income, on non-IFRS basis, dropped 3 percent to 26 million euros from last year’s 26.7 million. Adjusted earnings per share were 0.35 euro, lower than prior year’s 0.36 euro. Software AG’s EBIT totaled 37.2 million euros in the third quarter, compared to last year’s loss of 6.6 million euros. Operating […]

Save articles for later Add articles to your saved list and come back to them any time. When one of the most privileged and oldest private schools in Australia, The King’s School – home to the scions of the squattocracy – has to be ordered by the NSW government not to spend public money on a plunge pool at its […]