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IMF Says Global Economy Limping Along, Chances Of Soft Landing Increased
The International Monetary Fund downgraded the global growth forecast for next year, saying the projections are weakest in decades, while the likelihood of a soft-landing has increased with growing divergences amid modestly easing inflationary pressures. Global growth was forecast at 3.0 percent this year, the IMF said in its October World Economic Outlook report released on Tuesday.
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Integer Holdings Confirms Diron Smith As New CFO
Integer Holdings Corp. (ITGR), a medical device outsource (MDO) manufacturer, announced Tuesday that Diron Smith is assuming the role of Executive Vice President and Chief Financial Officer, effective immediately.
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Creative Medical Gets IRB Approval For StemSpine Trial Using AlloStem Cell Therapy
Biotechnology company Creative Medical Technology Holdings, Inc. (CELZ) announced Tuesday that it has received Institutional Review Board (IRB) approval to proceed with its clinical trial for the treatment of chronic lower back pain with its StemSpine procedure using AlloStem (CELZ-201-DDT) cell therapy.
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Bay Street Likely To Open Higher
The Canadian market, which will be back in action on Tuesday after an extended weekend, is likely to start on a positive note, tracking Asian and European markets, where stocks gained amid a drop in bond yields, and Fed rate pause hopes.
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U.S. Dollar Weakens As Treasury Yields Drop On Dovish Fed Comments
The U.S. dollar fell against its most major counterparts in the European session on Tuesday amid a drop in treasury yields, as dovish comments from Federal Reserve officials lowered expectations for further interest rate hikes.
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Inovio Pharma Receives FDA Feedback On Submission Of BLA For INO-3107 To Treat RRP
Biotechnology company Inovio Pharmaceuticals, Inc. (INO) announced Tuesday that it has received feedback from the U.S. Food and Drug Administration (FDA) that data from its completed Phase 1/2 trial of INO-3107 for the treatment of RRP could support INOVIO's submission of a BLA for review under the FDA's accelerated approval program.
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SL Green Realty President Andrew Mathias To Step Down
SL Green Realty Corp. (SLG) announced Tuesday that Andrew Mathias will leave his role as President at the end of his current employment agreement on December 31, 2023.
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more news
Neogen Q1 Results Miss Estimates; Backs FY24 Outlook
Neogen Corp. (NEOG) reported on Tuesday that net income for the first quarter plunged to $1.50 million or $0.01 per share from to $5.21 million or $0.05 per share in the prior-year quarter.
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PepsiCo Q3 Results Top Estimates, Lifts FY23 Core EPS View Above Market
Snack and beverage giant PepsiCo. Inc. reported Tuesday higher profit and revenues in its third quarter with growth in most of the regions. Core earnings per share and top line beat market estimates. Further, the company raised its fiscal 2023 core earnings view, while maintained revenue gowth forecast. The company also issued fiscal 2024 outlook, expecting a growth.
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Haemonetics Agrees To Buy OpSens In $253 Mln All-cash Deal
Medical technology company Haemonetics Corp. (HAE) and OpSens, Inc. (OPS.TO, OPSSF.PK) announced Tuesday that they have entered into a definitive agreement under which Haemonetics will acquire all outstanding shares of OpSens for C$2.90 per share in an all-cash transaction representing a fully diluted equity value of approximately $253 million at current exchange rate.
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Sensex, Nifty Rally On Fed Rate Pause Hopes
Indian shares ended Tuesday's session sharply higher as the dollar and bond yields retreated on Fed rate pause hopes.
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Walmart Holiday Kickoff, Amazon Prime Day Events Are Live
Ahead of the much awaited holiday season that gains momentum, retail majors such as Walmart and Amazon are giving customers deals and dates to grab their exclusive offers. Walmart Deals - Holiday Kickoff online only savings event, which started Monday, October 9, will run through Thursday, October 12, while Amazon Prime Big Deal Days event takes place from Tuesday, October 10 to Wednesday, October
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European Shares Rally As Bond Yields Retreat
European stocks rallied on Tuesday and bond yields retreated after Federal Reserve officials indicated that the series of interest rate rises in the U.S. may be at an end.
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