Mortgage approvals data from the UK is the only major economic report due on Monday. At 2.00 am ET, Statistics Sweden is scheduled to issue flash GDP and retail sales data. At 4.00 AM ET, S&P Global publishes Austria manufacturing Purchasing Manages\' survey results. Half an hour later, UK mortgage approvals data is due. The...
European stocks may open on a positive note Monday ahead of a busy week of corporate earnings and central bank meetings. Amazon, Apple, Meta and Microsoft are among the top U.S. companies that will release their quarterly earnings results this week after Tesla and Alphabet disappointed markets. Meanwhile, after a benign June inflation report, markets...
Insurance and reinsurance firm Aspen Insurance Holdings Ltd. (AHL) announced Monday changes to its leadership, effective August 1, 2024, to create stronger, more accountable executive roles. Under the new structure, and reporting to Executive Chairman and Group CEO Mark Cloutier, Christian Dunleavy has been appointed Group President, and will also serve as CEO, Aspen Bermuda...
Higher U.S. and Canadian futures, and gold prices point to a positive start on Bay Street Monday morning. The mood is likely to remain cautious with investors looking ahead to the release of mega-cap U.S. tech earnings and monetary policy meetings of several central banks. The Federal Reserve is scheduled to announce its monetary policy...
Medical aesthetic technology firm Venus Concept Inc. (VERO) announced Monday that it has received a medical device license issued by Health Canada to market the Venus Bliss MAX system in Canada. The Venus Bliss MAX was first available in the U.S. in early 2022 and subsequently offered in approved jurisdictions around the world. The Venus...
While reporting financial results for the second quarter on Monday, ON Semiconductor Corp. (ON) provided earnings and revenue guidance for the third quarter of fiscal 2024, which was in line with estimates. For the third quarter, the company projects earnings in a range of $0.85 to $0.97 per share and adjusted earnings in a range...
McDonald\'s Corp. announced Monday weak profit in its second quarter, below market estimates, hit mainly by higher charges and lower Systemwide sales and comparable sales. The fast food major\'s total revenues were nearly flat, but it grew about 1 percent in constant currencies. In pre-market activity on the NYSE, McDonald\'s shares were gaining around 0.6...
Bank of Marin Bancorp (BMRC), parent company of Bank of Marin, reported Monday a net loss for the second quarter of $21.90 million or $1.36 per share, compared to $2.92 million or $0.18 per share in the prior-year quarter. Excluding items, comparable earnings was $0.06 per share. Net interest income for the quarter was $22.47...
Asian stocks steadied on Friday as strong U.S. GDP data and cooling inflation suggested a soft landing is in sight for the world\'s largest economy. Markets have raised their expectations for three rate cuts by the end of the year, with some economists expecting the Fed\'s first rate cut to be extra-large. It is believed...
German stocks eked out modest gains on Friday as investors reacted to mixed earnings results and awaited the release of U.S. June PCE data later in the day for directional cues. The benchmark DAX was up 55 points, or 0.3 percent, at 18,353 after dropping half a percent the previous day. Luxury automaker Mercedes-Benz rose...