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U.S. Dollar Advances Against Majors
The U.S. dollar climbed against its major counterparts in the New York session on Friday, as traders pared back their expectations for early rate cuts from the Federal Reserve.
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612 days ago
Canadian Market Swinging Between Gains And Losses
After a flat start and a subsequent fall to lower levels, the Canadian market advanced a bit Friday morning, but turned weak again and is currently hovering around the unchanged line, weighed down by losses in consumer discretionary and healthcare sectors.
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612 days ago
U.S. Existing Home Sales Unexpectedly Slump 1.0% In December
A report released by the National Association of Realtors of Friday showed an unexpected decrease in U.S. existing home sales in the month of December. NAR said existing home sales slumped by 1.0 percent to an annual rate of 3.78 million in December after climbing by 0.8 percent to an annual rate of 3.82 million in November. Economists had expected existing home sales to come in unchanged.
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612 days ago
U.S. Consumer Sentiment Surges To More Than Two-Year High In January
Consumer sentiment in the U.S. has improved much more than anticipated in the month of January, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index surged to 78.8 in January after jumping to 69.7 in December. Economists had expected the index to inch up to 70.0.
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612 days ago
Adtalem Global Education Announces New $300 Mln Share Buyback Program
Adtalem Global Education Inc. (ATGE) announced Friday that its Board of Directors has authorized a new share repurchase program, which allows Adtalem to repurchase up to $300 million of its common stock through Jan. 16, 2027.
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612 days ago
Wayfair To Cut About 1,650 Jobs Or 13% Of Global Workforce; Stock Up 15%
e-commerce company Wayfair, Inc. (W) revealed in a Form 8-K filing with the U.S. Securities and Exchange Commission that it is implementing a workforce reduction involving approximately 1,650 employees, representing approximately 13% of its global workforce and approximately 19% of its corporate team, both as of December 31, 2023.
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612 days ago
State Street Q4 Profit Plunges 71%, But Results Top Estimates
State Street Corp. (STT) reported Friday that net income for the fourth quarter decreased 2 percent to $210 million from $733 million from last year, with earnings per share declining 8 percent to $0.55 from last year's $1.91.
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612 days ago
more news
Bay Street Likely To Open Slightly Higher; Retail Sales Data In Focus
Canadian shares may open with a positive bias Friday morning, tracking higher gold prices and somewhat steady European stocks. Still, data on Canadian retail sales for the month of November is likely to make a significant impact on sentiment early on in the session.
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612 days ago
IRobot Fall Continues On Reports Of EU Regulator's Plan To Block Amazon Acquisition
The European Union's competition regulator plans to block Amazon.com Inc.'s proposed $1.4 billion acquisition of robot vacuum maker iRobot Corp., reports said. Following the news, the shares, which fell more than 14 percent on Thursday's regular trading on Nasdaq, extended its loss by 38 percent in the pre-market activity on Friday.
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612 days ago
Pound Weakens As U.K. Retail Sales Disappoint
The pound fell against its major counterparts in the European session on Friday, after a data showed that the nation's retail sales declined more than expected in December.
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612 days ago
Fisker Says It Is Fully Cooperating With NHTSA On Reported Braking Issues
Fisker Inc. (FSR) said Friday reacted to the National Highway Traffic Safety Administration (NHTSA) Office of Defects Investigation's (ODI) Preliminary Evaluation of reported braking issues with the 2023 Fisker Ocean saying, "Fisker is fully cooperating with NHTSA on this matter."
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612 days ago
Liquidia CFO Michael Kaseta Takes On Additional Role Of COO
Biopharmaceutical company Liquidia Corp. (LQDA) announced Friday updates and promotions to its operations leadership in advance of the potential approval and launch of YUTREPIA (treprostinil) inhalation powder.
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612 days ago
Huntington Bancshares Q4 Adj. EPS Meets Estimates
Huntington Bancshares, Inc. (HBAN) reported Friday that net income for the fourth quarter declined to $243 million or $0.15 per share from $402 million or $0.27 per share in the year-ago quarter.
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612 days ago
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