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Actualités Forex
Canadian Market Retreats After Recovering From Weak Start
After a weak start and a subsequent recovery into positive territory Wednesday morning, the Canadian market retreated again and is marginally down in late morning trades.
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Bank Of Canada Raises Interest Rates By Another 50 Basis Points
The Bank of Canada on Wednesday announced its widely expected decision to raise interest rates by another half a percentage point, saying inflation remains "too high." The Canadian central bank increased its target for the overnight rate by 50 basis points to 4.25 percent, marking the seventh consecutive rate hike.
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U.S. Q3 Labor Productivity Growth Upwardly Revised To 0.8%
Revised data released by the Labor Department on Wednesday showed U.S. labor productivity increased by much more than initially estimated in the third quarter. The Labor Department said labor productivity climbed by 0.8 percent in the third quarter compared to the previously reported 0.3 percent uptick.
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Canadian Dollar Weakens As Recession Worries Weigh
The Canadian dollar declined against its major counterparts in European deals on Wednesday, as investors fear that continued monetary tightening in the U.S. could derail the economic growth.
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U.S. Labor Productivity Climbs More Than Previously Estimated In Q3
Revised data released by the Labor Department on Wednesday showed U.S. labor productivity increased by much more than initially estimated in the third quarter.
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Brown-Forman Boosts FY23 Organic Net Sales Growth Outlook - Update
While reporting financial results for the second quarter on Wednesday, beverage alcohol maker Brown-Forman Corp. (BFA, BFB) said it now anticipates organic net sales growth in the high-single digit range for fiscal 2023 to reflect the strength of its portfolio of brands, stronger consumer demand, and the easing of supply chain constraints.
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Mobileye Global Q3 Loss Widens
Mobileye Global Inc. (MBLY) reported Wednesday that net loss for the third quarter widened to $45 million or $0.06 per share from $26 million or $0.03 per share in the prior-year quarter.
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more news
Bay Street Likely To Open Weak; BoC Rate Decision In Focus
Lower Canadian and U.S. futures point to a weak start for the Canadian market on Wednesday. The focus will be the Bank of Canada's interest rate decision, due at 10 AM ET.
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Eurozone Q3 GDP Growth Revised Up To 0.3% On Household Spending, Investment
The euro area economy posted a better-than-initially estimated growth in the third quarter on household spending and investment, but the revision little changes the bleak outlook for a recession in the coming quarters. The 19-member currency bloc grew an upwardly revised 0.3 percent sequentially, but the pace was slower than the 0.8 percent expansion logged in the second quarter.
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Campbell Soup Boosts FY23 Outlook - Update
While reporting financial results for the first quarter on Wednesday, Campbell Soup Co. (CPB) raised its adjusted earnings and net sales guidance for the full-year 2023, to reflect strong first-quarter results, sustained brand momentum and strengthened supply chain.
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Uber, Motional Partner To Launch Public Robotaxi Service In Las Vegas
Ride-hailing service Uber, Inc. (UBER) and autonomous vehicle company Motional announced Wednesday the launch of their public robotaxi service in Las Vegas, NV. For the first time ever, Uber customers are able to hail an autonomous ride using Motional's all-electric Hyundai IONIQ 5-based robotaxis.
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Aeris To Acquire The IoT Business From Ericsson
Ericsson (ERIC) and Aeris Communications, a leading provider of Internet of Things (IoT) solutions, on Wednesday have signed an agreement for the transfer of Ericsson's IoT Accelerator and Connected Vehicle Cloud businesses.
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Juul Settles More Than 5,000 Lawsuits In US
Juul Labs, an e-cigarette maker, said it has reached settlements with more than 5,000 vaping lawsuits in the United States. The cases were related to personal injury, consumer class action, government entity, and Native American tribes. In a statement, the company said it cannot disclose the settlement amount at this time as part of the settlement and court process.
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