Forex News
TSX Retreats After Hitting Fresh Intra-day High, Ends Modestly Lower
After opening higher and holding in positive territory till late morning, Canadian stocks retreated on Friday to eventually end the day's session on a weak note.
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20h 38min ago
Dollar Turns In Mixed Performance Against Major Counterparts
The U.S. dollar gained some ground against its major counterparts on Friday, but retreated a bit subsequently, as traders looked ahead to the release of the crucial U.S. inflation data, due early next week, for more clues about the outlook for Federal Reserve's interest rate trajectory.
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21h 31min ago
Swiss Market Ends On Strong Note
Swiss stocks closed on a buoyant note on Friday, tracking gains in global markets amid optimism several central banks will start cutting interest rates soon.
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1 day ago
U.S. Dollar Rises Ahead Of Inflation Data
The U.S. dollar was higher against its major counterparts in the New York session on Friday, as investors awaited the release of U.S. inflation data for April next week, which will guide the outlook for Fed rate cuts.
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1 day ago
European Stocks Close Higher Again, End Week On Bright Note
European stocks closed higher on Friday, with several markets hitting fresh record highs, as investors reacted to some positive economic data and earnings updates, and continued to remain optimistic about interest rate cuts by central banks in the coming months.
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1 day ago
Canadian Market Down Marginally As Investors React To Earnings, Jobs Data
The Canadian market is down marginally in early afternoon trades on Friday with investors digesting the nation's jobs data, and a slew of corporate earnings updates.
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1 day ago
U.S. Consumer Sentiment Tumbles To Six-Month Low In May
A report released by the University of Michigan on Friday showed a substantial deterioration in U.S. consumer sentiment in the month of May. The University of Michigan said its consumer sentiment index plunged to 67.4 in May from 77.2 in April. Economists had expected the index to edge down to 76.0.
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1 day ago
more news
Better Than Expected Q1 Growth Leads UK Out Of Recession
The UK economy ended a technical recession in the first quarter with the economic output growing better than expected and also marked the strongest since late 2021 led by a rebound in the services output and household spending. Gross domestic product grew 0.6 percent from the fourth quarter, when the economy shrunk 0.3 percent, preliminary estimates from the Office for National Statistics showed.
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1 day ago
Boston Omaha Says Co-CEO And Co-Chair Alex Rozek Steps Down On May 9
Diversified company Boston Omaha Corp. (BOC) announced Friday that Alex Rozek, Co-CEO and Co-Chair, has left the Company, effective as of May 9, 2024 to pursue new entrepreneurial opportunities. Adam Peterson will continue to lead the Company as Chair and CEO.
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1 day ago
AlTi Global Swings To Profit In Q1
AlTi Global, Inc. (ALTI) reported Friday net income attributable to AlTi for the first quarter of $29.35 million or $0.18 per share, compared to a net loss of $68.74 million or $1.19 per share in the prior-year quarter.
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1 day ago
Bay Street Likely To Open On Firm Note
Canadian shares look headed for a firm start Friday morning, tracking higher commodity prices, and on optimism about interest rate cuts from major central banks sooner than later. Data on Canadian employment is also set to make an impact.
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1 day ago
United Bankshares To Acquire Piedmont Bancorp In All-stock Deal Of About $267 Mln
United Bankshares, Inc. (UBSI), the parent company of United Bank, and Piedmont Bancorp, Inc., the parent company of The Piedmont Bank, announced Friday they have entered into a definitive merger agreement under which United will acquire 100 percent of the outstanding shares of Piedmont in an all-stock deal valued at about $267 million.
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1 day ago
Construction Partners Q2 Results Top Estimates; Boosts FY24 Outlook
Construction Partners, Inc. (ROAD) reported Friday a net loss for the second quarter that narrowed to $1.12 million or $0.02 per share from $5.48 million or $0.11 per share in the prior-year quarter.
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1 day ago