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TSX Ends Lower As Technology Stocks Decline
Canadian stocks turned in a weak performance on Monday, with investors largely staying cautious ahead the Federal Reserve's monetary policy announcement due later in the week.
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Dollar Subdued Against Major Rivals Ahead Of Policy Meetings
The U.S. dollar lost ground against some of its major counterparts on Monday as traders looked ahead to interest-rate decisions from the Federal Reserve, the Bank of England and the Bank of Japan.
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Canadian Shares Losing Ground In Cautious Trade
Canadian stocks are down in negative territory Monday afternoon, weighed down by losses in healthcare and technology sectors.
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Swiss Market Ends Weak On Growth Worries
Swiss stocks fell on Monday amid concerns about slowing growth and possibility of further monetary tightening by central banks.
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European Stocks Close Notably Lower As Investors Await Central Bank Policy Meetings
European stocks closed notably lower on Monday as investors stayed wary of indulging any significant buying ahead of monetary policy decisions of the Federal Reserve, the Bank of England (BoE), and the Bank of Japan (BoJ).
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U.S. Homebuilder Confidence Unexpectedly Deteriorates Amid High Mortgage Rates
Homebuilder confidence in the U.S. has unexpectedly deteriorated in the month of September, according to a report released by the National Association of Home Builders on Monday. The report said the NAHB/Wells Fargo Housing Market Index slumped to 45 in September after tumbling to 50 in August. Economists had expected the index to come in unchanged.
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Inogen Closes Acquisition Of Physio-Assist SAS
Medical technology company Inogen, Inc. (INGN) announced Monday it has completed the acquisition of Physio-Assist SAS, expanding the company's innovative respiratory portfolio.
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DIRECTV, Nexstar Reach Multi-Year Distribution Agreement
DIRECTV Group Inc.(DTV) and Nexstar Media Group, Inc. (NXST) on Monday have officially reached a comprehensive new multi-year distribution agreement covering 176 Nexstar-owned local television stations and the company's national cable news network, NewsNation. Terms of the agreements were not disclosed.
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Chevron's LNG Plant In Australia Resumes Full Production
Chevron Corp. has resumed full production at its liquefied natural gas or LNG export facility in Australia amid ongoing strikes by union members, reports said. Hundreds of workers at Chevron's LNG plants in Western Australia had launched a work stoppage earlier over pay and working conditions, impacting the global gas market. Workers at Chevron's Wheatstone and Gorgon plants are currently strikin
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Kopin Granted $3.4 Mln Follow-on Order For F-35 Joint Strike Fighter Program
Kopin Corp. (KOPN) announced Monday it has received a $3.4 million follow-on order for its high-brightness liquid crystal display for the F-35 Joint Strike Fighter program. With the F-35 scheduled for production through 2030, Kopin expects additional orders over the life of the program.
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Nikola Appoints Mary Chan As Chief Operating Officer
Nikola Corp. (NKLA) announced Monday the appointment of Mary Chan as Chief Operating Officer (COO), effective October 9, 2023. Chan will lead the company's engineering, program, product, supply chain, and manufacturing teams.
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Orchard Therapeutics Says FDA Accepts BLA For OTL-200 In Metachromatic Leukodystrophy
Orchard Therapeutics (ORTX), a global gene therapy leader, announced Monday that the U.S. Food and Drug Administration (FDA) has accepted the filing of its Biologics License Application (BLA) for OTL-200 in metachromatic leukodystrophy (MLD) under Priority Review.
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BoE Preview: Final Rate Hike On Cards
The Bank of England is all set to end its tightening cycle with a final rate hike this week as any further increase will push the UK economy into a deep recession. The record high wage growth as well as persistently high inflation strengthened the call for additional policy tightening. However, the past rate hikes have started to damp the economic activity.
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