Canadian shares are likely to open on a mixed note Monday morning, with investors tracking earnings updates and commodity markets for direction. The mood is likely to remain cautious ahead of U.S. inflation data and Fed Chair Jerome Powell\'s speech, due later in the week. Emera Incorporated (EMA.TO) reported first-quarter net income of $207 million,...
The average of household spending in Japan was down 1.2 percent on year in March, the Ministry of Internal Affairs and Communications said on Friday - coming in at 318,713 yen. That beat forecasts for a decline of 2.3 percent following the 0.5 percent drop in February. On a seasonally adjusted monthly basis, household spending...
The U.S. Consumer Product Safety Commission or CPSC has announced recalls including utility vehicles or UTVs and snowmobiles, as well as electric wall ovens, spin swivel chairs, toy pinwheels, and children\'s nightgowns citing various reasons. Augusta, Georgia-based Textron Specialized Vehicles is recalling Prowler Pro and Tracker UTVs citing fire risk, as well as Arctic Cat...
Construction Partners, Inc. (ROAD) reported Friday a net loss for the second quarter that narrowed to $1.12 million or $0.02 per share from $5.48 million or $0.11 per share in the prior-year quarter. On average, eight analysts polled by Thomson Reuters expected the company to report a loss of $0.13 per share for the quarter....
United Bankshares, Inc. (UBSI), the parent company of United Bank, and Piedmont Bancorp, Inc., the parent company of The Piedmont Bank, announced Friday they have entered into a definitive merger agreement under which United will acquire 100 percent of the outstanding shares of Piedmont in an all-stock deal valued at about $267 million. This merger...
AlTi Global, Inc. (ALTI) reported Friday net income attributable to AlTi for the first quarter of $29.35 million or $0.18 per share, compared to a net loss of $68.74 million or $1.19 per share in the prior-year quarter. Total revenues for the quarter declined to $50.81 million from $58.05 million in the same quarter last...
Diversified company Boston Omaha Corp. (BOC) announced Friday that Alex Rozek, Co-CEO and Co-Chair, has left the Company, effective as of May 9, 2024 to pursue new entrepreneurial opportunities. Adam Peterson will continue to lead the Company as Chair and CEO. Although Rozek intends to pursue new entrepreneurial activities, he will continue to serve as...
After opening marginally higher, the Canadian market advanced further, and with several stocks holding gains, remains firmly placed in positive territory in early afternoon trades on Thursday. Investors are mostly reacting to quarter earnings updates. Shares from materials, communications and energy sectors are among the prominent gainers. The benchmark S&P/TSX Composite Index was up 107.98...
The U.S. dollar drifted lower against its major counterparts on Thursday after data showing a much bigger than expected increase in U.S. jobless claims added to recently renewed optimism that the Federal Reserve will lower interest rates in the coming months. The report said initial jobless claims climbed to 231,000, an increase of 22,000 from...
The Canadian market ended on a firm note on Thursday, bouncing back after snapping a five-session winning streak a day earlier, as data showing a bigger than expected increase in U.S. jobless claims raised expectations the Federal Reserve will cut interest rates in September. Materials shares rallied sharply. Stocks from communications, energy, utilities, real estate...