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U.S. Trade Deficit Widens In October Amid Pullback By Exports
Largely reflecting a pullback in the value of exports, the Commerce Department released a report on Wednesday showing the U.S. trade deficit widened in the month of October. The Commerce Department said the trade deficit increased to $64.3 billion in October from a revised $61.2 billion in September.
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Ormat Technologies Inks 25-Year Power Purchase Deal With Dominica Electricity Services
Renewable energy company Ormat Technologies, Inc. (ORA) announced Wednesday it has signed a 25-year Power Purchase Agreement (PPA) with Dominica Electricity Services Ltd. (DOMLEC) for the development of a state-of-the-art 10 MW binary geothermal power plant in the Caribbean country of Dominica. The project is expected to be operational by the end of 2025.
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John Wiley Slips To Loss In Q2; Backs FY24 Outlook
John Wiley & Sons, Inc. (WLY, WLYB) reported Wednesday a net loss for the second quarter of $19.45 million or $0.35 per share, compared to net income of $38.19 million or $0.68 per share in the prior-year quarter.
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U.S. Private Sector Employment Rises Less Than Expected In November
Private sector employment in the U.S. increased by less than expected in the month of November, payroll processor ADP revealed in a report released on Wednesday. ADP said private sector employment rose by 103,000 jobs in November after climbing by a downwardly revised 106,000 jobs in October.
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Bay Street Likely To Open On Cautious Note; BoC Rate Decision In Focus
The Canadian market is likely to open on a cautious note on Wednesday with the focus on the Bank of Canada's interest rate decision, and the central bank's views on the nation's economy.
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Elon Musk's X.ai Set To Raise $1 Bln In Equity Offering
Elon Musk's artificial intelligence startup X.ai has filed with the U.S. Securities and Exchange Commission to raise up to $1 billion in an equity offering. The minimum investment accepted from any outside investor is $2 million. According to the filing, the company has already raised $134.68 million from the sale of securities to four investors, with the first sale happening on November 29.
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Wall Street Likely To Open Marginally Higher
Marginally higher U.S. futures point to a slightly positive start on Wall Street Wednesday morning. The data on private sector employment, due ahead of the opening bell, is likely to set the mood.
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more news
United Natural Foods Affirms FY24 Outlook For Adj. Per Share Results, Net Sales - Update
While reporting financial results for the first quarter of fiscal 2024 on Wednesday, United Natural Foods, Inc. (UNFI) reaffirmed its adjusted per share results and net sales guidance for the full-year 2024, while slashing reported loss per share outlook.
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Berkshire Hathaway Unit, GM, EVgo Open First Stations In EV Fast Charging Network
Pilot Travel Centers LLC, a majority owned unit of Berkshire Hathaway, said it has joined with auto major General Motors and EVgo Inc. to open the first 17 locations of their national electric vehicle fast charging network. Under the partnership, the companies plan to open at least 25 Pilot and Flying J travel centers offering 100 fast charging stalls by the end of 2023.
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Sensex, Nifty Reach New Highs On FII Flows
Indian shares rose on Wednesday to reach new highs, with investor sentiment buoyed by falling oil prices and declining bond yields.
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European Shares Inch Higher In Cautious Trade
European stocks were slightly higher on Wednesday amid bets of global interest rates peaking.
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FTSE 100 Rises Ahead Of Bailey's Speech
U.K. stocks traded higher on Wednesday as higher base metal prices boosted mining stocks and investors awaited a speech by Bank of England Governor Bailey.
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CAC 40 Gains As Bond Yields Ease
French stocks traded slightly higher on Wednesday as U.S. bond yields continued to ease amid bets that the Federal Reserve is done hiking interest rates and would start cutting rates no later than May 2024.
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Před 608 dny
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