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Canadian Market Rises As Energy, Materials Shares Post Strong Gains
The Canadian market is up firmly in positive territory on Wednesday, riding on strong gains in materials and energy sectors thanks to higher commodity prices.
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vor 539 Tagen
Euro Advances Against Majors
The euro was higher against its major counterparts in the European session on Wednesday, as hotter-than-expected U.S. inflation data failed to hurt expectations of interest-rate cuts in the coming months.
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vor 539 Tagen
U.S. Crude Oil Inventories Unexpectedly Show Weekly Decrease
A report released by the Energy Information Administration on Wednesday showed an unexpected decrease in U.S. crude oil inventories in the week ended March 8th. The EIA said crude oil inventories fell by 1.5 million barrels after climbing by 1.4 million barrels in the previous week. Economist had expected inventories to rise by 1.3 million barrels.
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vor 539 Tagen
Dollar Tree Slips To Hefty Loss In Q4 On Charges
Dollar Tree reported Wednesday a hefty net loss for the fourth quarter compared to a profit last year, hurt by huge charges, despite gross margin improvement and revenue growth. Adjusted earnings per share and net sales also missed analysts' expectations. The company also provided weak earnings guidance for the first quarter.
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vor 539 Tagen
U.S. Selected Services Revenue Jumps Slightly Less Than Previously Estimated In Q4
Selected services revenue in the U.S. increased by slightly less than previously estimated in the fourth quarter of 2023, according to revised data released by the Commerce Department on Wednesday. The report said selected services revenue shot up by 1.9 percent to $5.399 trillion in the fourth quarter after climbing by 0.7 percent to $5.297 trillion in the third quarter.
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vor 539 Tagen
Williams-Sonoma Q4 Results Top Estimates; Guides FY24 Revenue Growth In Line; Boosts Dividend 26%
Luxury home furnishing retailer Williams-Sonoma Inc. (WSM) reported Wednesday fourth-quarter net earnings of $354.44 million or $5.44 per share, compared to $354.99 million or $5.28 per share in the prior-year quarter.
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vor 539 Tagen
UK GDP Rebounds On Services, Construction Output
The UK economy rebounded in January on growth in services and construction output, underscoring that the country exited a technical recession. Gross domestic product posted an expansion of 0.2 percent in January, reversing a 0.1 percent fall in December, data from the Office for National Statistics revealed Wednesday. The rate came in line with economists' expectations.
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vor 539 Tagen
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NeuroBo Pharma Gets Approval To Proceed With Phase 2a Trial For DA-1241 To Treat MASH; Stock Up 8%
Biotechnology company NeuroBo Pharmaceuticals, Inc. (NRBO) announced Wednesday the receipt of Safety Review Committee (SRC) approval, recommending that the two-part Phase 2a trial of DA-1241 can continue without modification following a blinded safety review of the first six months of study conduct.
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vor 539 Tagen
MX Holdings, Century Aluminum Form JV To Manufacture And Market Low-carbon Secondary Billet
MX Holdings and aluminum producer Century Aluminum Co. (CENX), on Wednesday have entered a Memorandum of Understanding to establish a new joint venture focusing on the manufacture and marketing of low-carbon secondary billet.
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vor 539 Tagen
Bay Street Likely To Open On Positive Note
The Canadian market is likely to open with a positive bias Wednesday morning, tracking higher crude oil and bullion prices. The mood may remain a bit cautious amid uncertainty about the Federal Reserve's interest rate decisions in coming months, but the market is unlikely to see any sharp decline.
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vor 539 Tagen
Voyager Therapeutics Appoints Toby Ferguson As Chief Medical Officer
Biotechnology company Voyager Therapeutics, Inc. (VYGR) announced the appointment of Toby Ferguson as Chief Medical Officer (CMO), effective March 25, 2024. Ferguson most recently served as Vice President, Head of Neuromuscular Development Unit at Biogen, Inc.
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vor 539 Tagen
Yen Falls Amid Risk Appetite
The Japanese yen weakened against other major currencies in the European session on Wednesday, as investors digested mixed earnings results and looked ahead to the release of more U.S. data this week for clues on when the Federal Reserve will begin cutting interest rates.
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vor 539 Tagen
Petco Health And Wellness Says Chairman, CEO And Director Ron Coughlin Steps Down
Petco Health and Wellness Co., Inc. (WOOF) announced Wednesday the Company's Board of Directors has appointed Michael Mohan to serve as Interim Chief Executive Officer, effective today.
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vor 539 Tagen
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