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Cavco Industries Inc Q4 Profit Increases, Beats Estimates

India, May 22 -- Cavco Industries Inc (CVCO) released earnings for its fourth quarter that increased from last year and beat the Street estimates. The company's bottom line totaled $36.33 million, or... Read More


South Korea Producer Prices Ease 0.1% In April

India, May 22 -- Producer prices in South Korea were down 0.1 percent on month in April, the Bank of Korea said on Friday - following the flat reading in March. Individually, prices for agricultural,... Read More


Sensex, Nifty Decline On US Fiscal Deficit Concerns

India, May 22 -- Indian shares fell sharply on Thursday as a deteriorating U.S. fiscal outlook and poor response to the 20-year bond auction led to a spike in bond yields. U.S. President Donald Trump... Read More


Walmart To Cut 1,500 Corporate Jobs In Cost-cutting Efforts

India, May 22 -- Amid a challenging retail environment, due to fierce competition along with ongoing tariff issues, retail behemoth Walmart Inc. is planning to cut around 1,500 corporate jobs in the U... Read More


German Ifo Business Sentiment Strengthens; Composite PMI Falls

India, May 22 -- German business confidence strengthened in May as companies became less concerned about uncertainties regarding trade tariffs, a closely watched survey showed Thursday. The Purchasin... Read More


Gold Prices Mixed Ahead Of Vote On Trump's Tax Bill

India, May 22 -- Gold prices were mixed on Thursday, after having reached a two-week high earlier amid U.S. fiscal uncertainty, a weakening dollar and soft demand for 20-year Treasury bonds. Spot gol... Read More


Oil Extends Losses As Nuclear Talks Continue

India, May 22 -- Oil extended losses for a third straight session on Thursday as a surprise inventory build rekindled worries about an oversupplied market and investors eyed renewed Iran-U.S. nuclear ... Read More


Intuit Raises FY25 Guidance - Update

India, May 22 -- While reporting its third-quarter results on Thursday, Intuit Inc. (INTU) raised its guidance for the full fiscal year 2025. The company now expects revenues of $18.723 billion to $1... Read More


European Shares Drift Lower With US Debt Concerns, PMI Data In Focus

India, May 22 -- European stocks traded lower on Thursday as investors reacted to a U.S. Treasury sell-off, mixed regional data and some disappointing earnings. 30-year U.S. Treasury yields topped 5.... Read More


Indian Rupee Falls To Near 1-1/2-month Low Against U.S. Dollar

India, May 22 -- The Indian rupee weakened against the U.S. dollar in the European session on Thursday. Asian equities dropped following Wall Street, as investors were worried about the U.S. governme... Read More