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Canadian Market Modestly Higher In Cautious Trade
Canadian shares are turning in a mixed performance in cautious trade Tuesday morning with investors digesting the inflation data and reacting to quarterly earnings updates.
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1057 days ago
U.S. Industrial Production Climbs More Than Expected In July
A report released by the Federal Reserve on Tuesday showed U.S. industrial production increased by more than expected in the month of July. The Fed said industrial production climbed by 0.6 percent in July following a revised unchanged reading in June.
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1057 days ago
Delta To Resume Flights From Los Angeles To Tokyo
Delta Air Lines is set to resume flights on its routes between the U.S. and Japan from October 30, 2002 in anticipation of easing of COVID-19-related travel restrictions, which were put in place two years ago. The airline joins American Airlines and United Airlines, who have reportedly announced the resumption of flights to Japan.
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1057 days ago
U.S. Housing Starts Plunge To Lowest Level In Well Over A Year In July
New residential construction in the U.S. tumbled by much more than expected in the month of July, according to a report released by the Commerce Department on Tuesday. The report showed housing starts plunged by 9.6 percent to an annual rate of 1.446 million in July after slumping by 2.4 percent to a rate of 1.559 million in June.
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1057 days ago
Canadian Dollar Advances As Core Inflation Picks Up
The Canadian dollar climbed against its major counterparts during the European session on Tuesday, after a data showed that the nation's core inflation accelerated in July.
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1057 days ago
HeartBeam Submits 510(k) Application To FDA For AIMI Platform Technology To Diagnose Heart Attacks
Digital healthcare company HeartBeam, Inc. (BEAT) announced Tuesday it has submitted a 510(k) application to the US Food and Drug Administration (FDA) for its HeartBeam AIMI Platform Technology for use in diagnosing heart attacks.
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1057 days ago
U.S. Housing Starts Plunge Much More Than Expected In July
New residential construction in the U.S. tumbled by much more than expected in the month of July, according to a report released by the Commerce Department on Tuesday.
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1057 days ago
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CVS Health Offers Flu Shots At All CVS Pharmacy, MinuteClinic Locations
CVS Health Corp. (CVS) announced Tuesday the availability of flu shots at all CVS Pharmacy and MinuteClinic locations across the U.S. It added that digital and walk-in appointments are available for people of all ages, seven days a week, with extended evening and weekend hours.
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1057 days ago
U.S. Dollar Higher On Recession Concerns
The safe-haven U.S. dollar appreciated against its major counterparts in the European session on Tuesday, amid recession fears in the wake of weak economic data from the U.S. and China.
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1057 days ago
Bay Street Likely To Open Higher; Inflation Data In Focus
Although global cues point to a positive start, Canadian inflation data for the month of July, due before the opening bell, will set the tone for stocks on Bay Street on Tuesday.
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1057 days ago
German ZEW Economic Confidence Weakest Since 2008
Germany's economic confidence weakened to the lowest since the global financial crisis in 2008, signaling the risk of a recession in the second half of the year, results of a closely watched survey revealed Tuesday. The ZEW Indicator of Economic Sentiment dropped to -55.3 in August from -53.8 in July. This was the lowest score since October 2008, when the reading was -63.0.
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1057 days ago
Walmart Q2 Profit Up 20%; Revenues Top Estimates
Retail giant Walmart reported Tuesday a net profit for the second quarter that grew 20.4 percent from last year, reflecting lower operating expenses and partially inflation driven revenue growth. The results were also driven by the rebound in international markets. Quarterly revenues topped analysts' expectations. The retailer also raised its adjusted earnings guidance for the full-year 2023.
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1057 days ago
Premier Q4 Net Profit Declines
Healthcare company Premier, Inc. (PINC) reported Monday that net income for the fourth quarter declined to $30.7 million or $0.25 per share from $50.7 million or $0.40 per share in the prior-year quarter. Excluding items, adjusted earnings for the quarter were $0.61 per share, compared to $0.60 per share in the year-ago quarter.
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1057 days ago
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