The Canadian market ended sharply lower on Tuesday, weighed down by losses in energy, materials and technology sectors. Weak commodity prices, and concerns about global economic growth and uncertainty about the pace of U.S. interest rate cuts rendered the mood bearish. The benchmark S&P/TSX Composite Index, which fell to a low of 22,976.55, losing nearly...
Michael Arougheti, the Co-Founder, CEO, and President of Ares Management Corp (NYSE:ARES), has recently sold a significant portion of his holdings in the company. According to the latest filings, Arougheti sold shares totaling over $12.4 million. The transactions occurred over a span of three days and involved the sale of Ares Management\'s Class A Common...
The services sector in China continued to expand in June, although at a slower pace, the latest survey from Caixin showed on Wednesday with a service PMI score of 51.2. That\'s down from 54.0 in May, although it remains above the boom-or-bust line of 50 that separates expansion from contraction. Central to the latest expansion...
Canadian stocks are up Thursday morning, riding on some encouraging quarterly earnings announcements, and easing concerns about the state of the U.S. economy after data showed a bigger than expected drop in U.S. jobless claims last week. Technology, healthcare, consumer discretionary, energy and materials shares are among the most impressive gainers. Several stocks the rest...
The Indonesia stock market has moved higher in two straight sessions, collecting almost 20 points or 0.3 percent along the way. The Jakarta Composite Index now sits just above the 7,135-point plateau and it\'s expected to open to the upside again on Tuesday. The global forecast for the Asian markets is upbeat on renewed optimism...
By Dawn Chmielewski (Reuters) -Walt Disney responded on Monday to billionaire Nelson Peltz and his Trian Fund\'s campaign to win two board seats with an attack on the activist shareholder\'s motivations and qualifications in an increasingly bare-knuckled proxy battle. In a 66-page regulatory filing late Monday, Disney said Peltz and Trian\'s other designated board candidate,...
In a press release issued on June 28th, Elastos, the SmartWeb ecosystem provider, announced a partnership with Layer 2 provider BEVM to develop a peer-to-peer loan offering denominated in Bitcoin. Elastos’ BeL2 aims to revolutionize global finance using Native Bitcoin! ✨ Discover the financial revolution from the ruins of WWII to the digital age and...
With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday showing a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 31st. The report said initial jobless claims dipped to 227,000, a decrease of 5,000 from the previous weeks revised level of 232,000....
By Isla Binnie, Andres Gonzalez and Ron Bousso NEW YORK (Reuters) - Shell (LON:SHEL)\'s U.S. solar business Savion has put around a quarter of its assets up for sale, according to a marketing document and industry sources, as the oil major extends a retreat from owning renewables projects under CEO Wael Sawan. Investment bank Jefferies...
Authorities in China have initiated an investigation into the core technical team responsible for managing the STFIL Protocol, a prominent decentralized finance (DeFi) protocol operating on the Filecoin network. The project said a large amount of Filecoin tokens were moved to an unknown address that now holds around $23 million in FIL. STFIL’s Core Technical Team Under...