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Canadian Market Up Marginally At Noon; Bank Stocks Post Strong Gains

The Canadian market has come off early highs and is up marginally around noon on Thursday, led by gains in financials, materials, industrials and technology stocks.

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Powell Reiterates Commitment To Aggressively Fighting Inflation

Federal Reserve Chair Jerome Powell reiterated the central bank's commitment to aggressively fighting inflation during remarks at the Cato Institute's 40th Annual Monetary Conference on Thursday. "We need to act now, forthrightly, strongly as we have been doing," Powell said. "And we have to keep at it until the job is done."

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Sunset Farm Foods Recalls Sausage Products

Sunset Farm Foods, Inc. has recalled about 4,480 pounds of chicken and pork smoked sausage products for possible contamination with foreign matter, specifically thin blue plastic material, the U.S. Department of Agriculture's Food Safety and Inspection Service (FSIS) said in a statement.

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U.S. Jobless Claims Unexpectedly Edge Down To Three-Month Low

First-time claims for U.S. unemployment benefits unexpectedly showed a modest decrease in the week ended September 3rd, according to a report released by the Labor Department on Thursday. The report showed initial jobless claims edged down to 222,000, a decrease of 6,000 from the previous week's revised level of 228,000.

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Uber Partners Nuro To Use Their Autonomous Electric Vehicles For Food Deliveries

Ride-hailing firm Uber Technologies, Inc. (UBER) and autonomous vehicle company Nuro, announced a multi-year partnership to use Nuro's autonomous electric vehicles for food deliveries in the United States.

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ReWalk Robotics Appoints Michael Lawless As New CFO

Robotic medical technology firm ReWalk Robotics Ltd. (RWLK) announced Thursday the appointment of Michael Lawless as Chief Financial Officer, effective September 19, 2022.

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QuickLogic Awarded $6.9 Mln Base Contract To Develop Technologies For DoD Requirements

Fabless semiconductor company QuickLogic Corp. (QUIK) announced Thursday it has been awarded a $6.9 million Base Contract, beginning this month, to develop and demonstrate Strategic Radiation Hardened (SRH), high reliability Field Programmable Gate Array (FPGA) technology to support identified and future Department of Defense (DoD) strategic and space system requirements.

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U.S. Weekly Jobless Claims Unexpectedly Edge Down To 222,000

First-time claims for U.S. unemployment benefits unexpectedly showed a modest decrease in the week ended September 3rd, according to a report released by the Labor Department on Thursday.

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FuelCell Energy Q3 Results Top Estimates

Clean energy technology company FuelCell Energy, Inc. (FCEL) on Thursday reported a second-quarter net loss attributable to common stockholders of $30.21 million or $0.08 per share, sharply wider than $12.80 million or $0.04 per share in the prior-year quarter.

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