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Canadian Stocks Turning In Mixed Performance
Canadian stocks are turning in a mixed performance on Friday with investors largely making cautious moves despite positive global cues.
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858 days ago
U.S. Dollar Pulls Back After Strong Rally
The U.S. dollar dropped against its major counterparts in the European session on Friday, halting recent rally, ahead of Federal Reserve Chair Jerome Powell's speech later in the day.
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859 days ago
Bay Street Seen Opening On Firm Note
Higher Canadian and U.S. futures and firm commodity prices amid optimism about U.S. debt ceiling deal, point to a positive start for the Canadian market on Friday.
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859 days ago
Hyundai, Kia To Pay $200 Mln To Settle Car Theft Suit
South Korean automakers Hyundai Motor and Kia Corp. have agreed to pay about $200 million to settle a class-action lawsuit over their vehicles' vulnerability to theft due to a design flaw in vehicles manufactured without an engine immobilizer, an anti-theft mechanism. The settlement agreement is expected to benefit owners of about nine million vehicles.
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859 days ago
Foot Locker Slashes FY23 Outlook As Q3 Results Miss Estimates; Stock Down 23%
Specialty athletic retailer Foot Locker, Inc. (FL) reported Friday a first-quarter net income of $36 million or $038 per share, sharply lower than $133 million or $1.37 per share in the prior-year quarter.
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859 days ago
Sensex, Nifty Rise On US Debt Deal Hopes; Adani Group Stocks Climb
Indian shares eked out modest gains on Friday to snap a three-day losing streak, tracking firm cues from global markets.
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859 days ago
Disney Cancels Plans For New Florida Campus
Disney has canceled its plans to develop a new employee campus in Florida and to relocate thousands of employees in an apparent feud with Florida Gov. Ron DeSantis, reports said citing a memo to employees. Josh D'Amaro, chairman of Disney's parks, experiences and products division, said the decision was taken amid changing business conditions.
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859 days ago
more news
European Shares Extend Gains On US Debt Deal Hopes
European stocks rose on Friday to extend gains from the previous session as investors shrugged off hawkish rhetoric from Fed speakers and remained hopeful that the U.S. will avert a catastrophic debt default.
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859 days ago
FTSE 100 Gains As Debt Ceiling Worries Ease
U.K. stocks traded higher on Friday as comments from lawmakers sparked hopes that the U.S. will avert a potentially catastrophic debt default as early as June 1.
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859 days ago
CAC 40 Extends Gains As Investors Await Powell's Speech
French stocks opened higher on Friday to extend gains from the previous session amid hopes that the United States could soon reach debt ceiling deal to avoid a default.
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859 days ago
DAX Gains On US Debt Deal Hopes
German stocks advanced on Friday after Democratic negotiators reportedly told U.S. President Joe Biden they were making "steady progress" on a deal to lift the U.S. debt ceiling and avoid a debt default.
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859 days ago
Asian Shares Mixed On China Growth Concerns
Asian stocks ended mixed on Friday, as hopes that lawmakers in Washington will avert a first-ever U.S. default offset worries about China's uneven economic recovery.
U.S. President Joe Biden and House of Representatives Speaker Kevin McCarthy hope to finalize a deal on the debt ceiling after Biden returns from the Group of Seven meeting in Japan on Sunday.
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859 days ago
Australian Dollar Rises As Asian Stock Markets Traded Higher
The Australian dollar strengthened against other major currencies in the Asian session on Friday, as Asian stock markets traded higher on Friday, following the broadly positive cues from global markets overnight amid optimism lawmakers will eventually reach an agreement on raising the U.S. debt ceiling to avoid a default. However, worries about inflation and the outlook for interest rates weighed on sentiment.
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859 days ago
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