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European Stocks Close Weak Amid Uncertainty About Interest Rates
European stocks closed weak on Wednesday as uncertainty about the outlook for interest rates rendered the mood cautious. Investors also assessed the economic health of the region, tracking the latest batch of economic data.
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567 days ago
Canadian Stocks Down Slightly At Noon In Lackluster Trade
Canadian stocks are turning in a mixed performance in lackluster trade on Wednesday with traders largely staying on the sidelines amid a lack of positive cues.
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567 days ago
Canadian Dollar Firms As Oil Extends Gains
The Canadian dollar strengthened against its major counterparts in the European session on Wednesday, as oil prices traded higher for a third consecutive session after the U.S. Energy Information Administration (EIA) said it expects U.S. output to remain largely steady through 2025, easing worries of excess supply.
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567 days ago
BoE's Breeden Says Less Need To Consider Further Rate Hikes
The Bank of England is unlikely to consider further interest rate hikes as the likelihood of a greater persistence of inflation has diminished, a policymaker said Wednesday. "As I have become more confident that persistence is likely to evolve as embodied within our forecast, I have become less concerned that rates might need to be tightened further," the policymaker Sarah Breeden said.
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567 days ago
Terns Pharmaceuticals Appoints Amy Burroughs As CEO
Terns Pharmaceuticals, Inc. (TERN) announced Wednesday the appointment of Amy Burroughs as chief executive officer (CEO), effective immediately. Burroughs will also join the Terns board of directors.
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567 days ago
NUBURU Engages Northland Capital Markets For Evaluation Of Strategic Alternatives, Including Sale
NUBURU, Inc. (BURU) announced Wednesday that it has engaged Northland Capital Markets as its financial advisor in connection with its evaluation of strategic alternatives.
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567 days ago
U.S. Trade Deficit Widens As Imports Jump More Than Exports
With imports increasing by more than exports, the Commerce Department released a report on Wednesday showing the U.S. trade deficit widened in the month of December. The Commerce Department said the trade deficit increased to $62.2 billion in December from a revised $61.9 billion in November.
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567 days ago
more news
Forward Air Appoints Michael Hance Interim CEO After Tom Schmitt Departs
Forward Air Corp. (FWRD) announced Wednesday that Chairman, President and Chief Executive officer Tom Schmitt has departed the Company. Michael Hance has been appointed Interim Chief Executive Officer, effective immediately, in addition to his current position as Chief Legal Officer and Secretary.
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567 days ago
Falling Mortgage Rates Boosts UK Housing Market
Easing mortgage rates as well as softening inflation helped to lift British home buyers' confidence that pushed up house prices for the fourth straight month in January, taking the annual growth rate to the highest level in a year. Data published by the Lloyds Bank subsidiary Halifax and S&P Global showed that house prices grew at a faster pace of 1.3 percent month-on-month in January.
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567 days ago
German Industrial Output Logs Worse Than Expected Fall
Germany's industrial production continued to decline and posted a worse-than-expected fall in December highlighting the fragile nature of the economy. Data from Destatis showed that industrial output dropped 1.6 percent month-on-month, bigger than the revised 0.2 percent fall in November and also worse than economists' forecast of 0.4 percent decrease.
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567 days ago
TTM Technologies Q4 Adj. EPS Tops Estimates; Guides Q1 In Line With View
TTM Technologies, Inc. (TTMI) reported Wednesday that net income for the fourth quarter surged to $17.34 million or $0.17 per share from $6.02 million or $0.06 per share in the prior-year quarter.
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567 days ago
Alibaba Q3 Profit Drops, To Buy Back Addl. $25 Bln Shares; Stock Down
Chinese e-commerce giant Alibaba Group Holdings Ltd. reported Wednesday sharply lower profit in its third quarter on significant charges, despite growth in revenues. Further, the company's board of directors has approved an increase of $25 billion to share repurchase program through the end of March 2027. In pre-market activity on the NYSE, the shares were losing around 4 percent.
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567 days ago
Bay Street Seen Opening On Mixed Note
Canadian shares are likely to start off on a mixed note on Wednesday amid uncertainty about the near-term outlook for interest rates. Energy stocks are likely to find support thanks to higher oil prices.
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567 days ago
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