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European Stocks Close Higher On Rate Cut Hopes
European stocks closed higher on Tuesday amid hopes major central banks will start reducing interest rates from early next year. However, gains were just modest in most of the markets in the region, as investors awaited some crucial European and U.S. economic data, including reports on inflation.
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vor 604 Tagen
TSX Up Nearly 1%; Materials Shares Rally
The Canadian market is up firmly in positive territory around late afternoon on Tuesday, with materials stocks leading the benchmark up north.
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vor 604 Tagen
U.S. Housing Starts Unexpectedly Spike To Six-Month High In November
The Commerce Department released a report on Tuesday unexpectedly showing a substantial increase in new residential construction in the U.S. in the month of November. The report said housing starts soared by 14.8 percent to an annual rate of 1.560 million in November. With the unexpected spike, housing starts reached their highest level since hitting an annual rate of 1.583 million in May.
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vor 604 Tagen
U.S. Housing Starts Unexpectedly Spike 14.8% In November
The Commerce Department released a report on Tuesday unexpected showing a substantial increase in new residential construction in the U.S. in the month of November.
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vor 604 Tagen
FactSet Q1 Results Top Estimates, But Trims FY24 Outlook
FactSet Research Systems, Inc. (FDS) reported Tuesday that net income for the first quarter increased to $148.56 million or $3.84 per share from $136.80 million or $3.52 per share in the prior-year quarter.
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vor 604 Tagen
Bay Street Likely To Open On Cautious Note
It's likely to be a cautious start on Bay Street Tuesday morning with investors reacting to Canadian inflation data.
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vor 604 Tagen
Japan Govt Keeps Economic View Unchanged
Japan's government retained its economic assessment on Tuesday as corporate conditions are improving and inflation showed signs of moderation. In the monthly report, the cabinet office maintained its assessment, saying that the economy is recovering at a moderate pace, although it recently appears to be pausing in part.
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vor 604 Tagen
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Google To Pay $700 Mln In Antitrust Play Store Settlement
Alphabet Inc.'s Google has agreed to pay $700 million to settle a lawsuit filed by a group of US states over competition concerns related to its Android App Store. The tech major also agreed to make changes to the way the Android system works, and to allow more competition in its Play app store.
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vor 604 Tagen
Fifth Third Bancorp Appoints President And CEO Tim Spence To Addl. Role As Chairman Of Board
Fifth Third Bancorp (FITB) announced Tuesday the Board of Directors voted to appoint Tim Spence chairman of the board, effective January 2, 2024.
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vor 604 Tagen
Biogen Says European Commission Revokes Marketing Authorizations For Generic Versions Of TECFIDERA
Biotechnology company Biogen, Inc. (BIIB) announced Tuesday that the European Commission has revoked the centralized marketing authorizations for generic versions of Biogen's product TECFIDERA (dimethyl fumarate) held by Accord, Mylan, Neuraxpharm, Polpharma and Teva.
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vor 604 Tagen
ADM To Acquire UK-based FDL For Undisclosed Terms
Food processing company Archer-Daniels-Midland Co. or ADM (ADM) announced Tuesday that it has reached an agreement to acquire UK-based FDL, a leading developer and producer of premium flavor and functional ingredient systems.
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vor 604 Tagen
Gilead Sciences, Compugen Ink Up To $848 Mln Deal For Pre-clinical Antibody Program
Gilead Sciences, Inc. (GILD) announced Tuesday an agreement with Holon, Israel-based cancer immunotherapy company Compugen Ltd. (CGEN) to exclusively license its potential first-in-class, pre-clinical antibody program against IL-18 binding protein, including the COM503 drug candidate.
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vor 604 Tagen
Pound Rises Against Majors
The British pound strengthened against other major currencies in the European session on Tuesday.
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vor 604 Tagen
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