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U.S. Stocks Close Lower After Cautious Session
U.S. stocks closed notably lower on Tuesday as higher Treasury yields and concerns that the Federal Reserve may not cut interest rates anytime soon hurt sentiment.
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U.S. Stocks Exhibiting Weakness As Rate Cut Hopes Fade After Hawkish Comments From Officials
U.S. stocks are down in negative territory on Tuesday, weighed down by comments from top Fed official that the central bank is unlikely to cut rates anytime soon and any aggressively as earlier thought.
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Swiss Market Ends Modestly Higher
The Switzerland market ended on a positive note on Tuesday, bucking the largely negative sentiment in markets across Europe amid fading hopes about an early interest rate cut by central banks.
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European Stocks Close Lower On Weak Data, Hawkish Comments From Bank Officials
European stocks closed weak on Tuesday as hopes about an early interest rate cut by central banks faded a bit following some hawkish comments from a few top officials. Data showing an acceleration in Germany's consumer price inflation weighed as well.
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Canadian Market Down Firmly In Negative Territory After Inflation Data
Canadian stocks are down in negative territory around late morning on Tuesday despite recovering from an early setback after the nation's inflation data dashed hopes an early rate cut by the Bank of Canada.
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Canadian Dollar Extends Gains After Inflation Data
The Canadian dollar extended gains in the New York session on Tuesday, as the nation's annual inflation rose in line with estimates in December.
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AgEagle Aerial Systems Names Chairman Grant Begley As Interim CEO
AgEagle Aerial Systems Inc. (UAVS) announced Tuesday the appointment of Company Chairman Grant Begley to Interim Chief Executive Officer position, effective January 1, 2024.
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more news
Canadian Dollar Climbs As Oil Prices Inch Higher
The Canadian dollar moved up against its most major counterparts in the European session on Tuesday, as oil prices rose on supply concerns driven by escalating conflict in the Middle East.
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Goldman Sachs Q4 Profit Surges 58%, Tops Estimates
Goldman Sachs Group Inc. reported Tuesday that profit for the fourth quarter surged 58 percent from last year, reflecting 41 percent lower provisions for bad loans and 7 percent net revenue growth. Both earnings and quarterly revenues topped analysts' expectations.
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Bay Street Likely To See Mixed Start; Canadian Inflation Data, U.S. Bank Earnings In Focus
Slightly higher oil prices and weak cues from Asian and European markets indicate a slightly mixed start for Canadian stocks Tuesday morning.
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Last Week's Weak Show By The Dollar
The U.S. Dollar recorded a mixed performance in the week spanning January 8 to 12, weakening against the euro and the British Pound but gaining against the Australian Dollar and the Japanese Yen.
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Goldman Sachs Q4 Profit Surges
Goldman Sachs Group Inc. (GS) reported Tuesday that net earnings applicable to common shareholders for the fourth quarter surged to $1.87 billion or $5.48 per share from $1.19 billion or $3.32 per share in the prior-year quarter.
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InMode Boosts FY23 Adj. EPS Outlook
Based on preliminary financial results for the fourth quarter and full year 2023 on Tuesday, medical technology firm InMode Ltd. (INMD) currently expects adjusted earnings for the fourth quarter in a range of $0.68 to $0.69 per share on revenues between $126.0 million and $126.5 million.
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