News
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Building materials firm Quanex's Q4 adjusted EPS beats estimates
OverviewBuilding products firm's fiscal Q4 net sales grew 44% yr/yr, beating analyst expectationsAdjusted EPS for fiscal Q4 beat analyst expectationsCompany repaid $75 mln in debt during fiscal 2025OutlookQuanex anticipates fiscal 2026 revenue and EBITDA to be flat compared to fiscal 2025Company...Reuters
Thu, Dec 11
EXCLUSIVE-Tesla US sales drop to nearly 4-year low in November despite launch of cheaper versions
Tesla's U.S. sales hit nearly 3-year low in NovemberStandard variants cannibalize Premium sales, says Cox's StreatyTesla's market share rises while EV sales slumpBy Abhirup Roy SAN FRANCISCO, Dec 11 (Reuters) - Tesla's TSLA.O U.S. sales dropped to a near four-year low in November,...Reuters
Thu, Dec 11
Trump thinks more should be done to lower interest rates, White House says
Trump meeting with candidates to replace Powell as Fed chiefLeavitt says Trump expects Powell's successor to cut rates Fed lowered rates by 25 basis points on WednesdayBy Andrea Shalal and Ryan Patrick Jones WASHINGTON, Dec 11 (Reuters) - President Donald Trump was happy to see the Federal Re...Reuters
Thu, Dec 11
FX Today: Markets ignored Fed, keptt selling the Greenback
The US Dollar attempted a recovery throughout the first half of Thursday, but resumed its decline following the release of worse-than-anticipated employment data. Initial Jobless Claims for the week ended December 6 unexpectedly rose to 236K, well above the previous 192K.Fxstreet
Thu, Dec 11
Trump thinks more should be done to lower interest rates, White House says
WASHINGTON, Dec 11 (Reuters) - President Donald Trump was happy to see the Federal Reserve cut interest rates by 25 basis points this week, but he wants to see the central bank lower interest rates even further, White House spokeswoman Karoline Leavitt told reporters on Thursday."I know there wa...Reuters
Thu, Dec 11
WRAPUP 2-US weekly jobless claims post largest increase in nearly 4-1/2 years amid seasonal volatility
Weekly jobless claims increase 44,000 to 236,000Claims data is volatile around this time of yearContinuing claims decrease 99,000 to 1.838 millionTrade deficit narrows 10.9% to $52.8 billionBy Lucia Mutikani WASHINGTON, Dec 11 (Reuters) - The number of Americans filing new applications for unempl...Reuters
Thu, Dec 11
TREASURIES-US yields fall for second day after Fed statement, data
Jobless claims rise, volatility attributed to seasonal factors10-yr yield on track for biggest two-day drop in two monthsMarkets pricing in 24.4% chance of January Fed cutBy Chuck Mikolajczak NEW YORK, Dec 11 (Reuters) - U.S. Treasury yields fell for a second straight session on Thursday as inves...Reuters
Thu, Dec 11
Bund yields near 9-month high, discount to Treasuries hits lowest since June 2023
US borrowing costs drop sharply after dataECB policy rates seen stable through 2026Markets price a 55% chance of a rate hike in March 2027Analysts cautious as euro zone inflation is expected to undershootBy Stefano Rebaudo Dec 11 (Reuters) - Euro zone benchmark government bond yields hovered near...Reuters
Thu, Dec 11
Latin America employment recovers but nearly half work informally, ILO says
By Juana CasasSANTIAGO, Dec 11 (Reuters) - Latin America and the Caribbean saw moderate employment recovery in the first half of 2025, with unemployment near 6%, one of the lowest rates in 15 years, but informality and inequality remain entrenched, the International Labour Organization warned on Thu...Reuters
Thu, Dec 11
Canada posts a trade surplus in September, beating expectations of a deficit
Canada posts trade surplus of C$153 million in SeptemberThis is the first ever trade surplus since January 2025Canada's surplus with U.S. at its highest level since FebruaryTotal exports in September grew by 6.3% to C$64.23 billionBy Promit MukherjeeOTTAWA, Dec 11 (Reuters) - Canada posted a sma...Reuters
Thu, Dec 11
US wholesale inventories rebound strongly in September
WASHINGTON, Dec 11 (Reuters) - U.S. wholesale inventories rebounded in September amid increases in the stocks of long-lasting manufactured goods, which likely provided a lift to gross domestic product in the third quarter.Stocks at wholesalers increased 0.5% after falling 0.1% in August, the Commerc...Reuters
Thu, Dec 11
