Canadian shares may open on a volatile note Wednesday morning, with investors reacting to quarterly results from Royal Bank of Canada and the National Bank of Canada, and weak commodity prices. With the focus on more earnings, including from AI darling NVIDIA, and upcoming U.S. inflation readings, the mood is likely to remain somewhat cautious...
Specialty retailer Abercrombie & Fitch (ANF) reported Wednesday that net income attributable to the company for the second quarter soared to $133.17 million or $2.50 per share from $56.89 million or $1.10 per share in the prior-year quarter. Excluding items, adjusted earnings for the quarter were $2.50 per share, compared to $1.08 per share last...
CVS Health Corp. announced Wednesday the availability of updated 2024-2025 COVID-19 vaccines and flu vaccines at CVS Pharmacy and MinuteClinic locations across the United States. The U.S. Food and Drug Administration recently approved and granted emergency use authorization or EUA for updated Covid vaccines (2024-2025 formula) from Pfizer Inc. and ModernaTX Inc. for use against...
Auto major General Motors has signed a deal with South Korean battery maker Samsung SDI to establish a joint venture to build a $3.5 billion plant in Indiana to supply electric vehicle or EV batteries in the United States. The new battery cell manufacturing plant with an annual production capacity of 27GWh initially, is targeting...
Materials, technology and healthcare stocks are having a tough ride in the Canadian market on Wednesday, with investors largely making cautious moves while awaiting some key economic data, including readings on U.S. inflation. The benchmark S&P/TSX Composite Index was down 93.99 points or 0.4% 23,165.97 a little before noon. Royal Bank of Canada (RY.TO) is...
The major European markets closed mostly higher on Wednesday with investors taking some fresh positions ahead of a slew of crucial regional and U.S. economic data due later in the week. Investors also awaited results from Nvidia due later today. Even as markets in Germany and France managed to stay higher right through the days...
The Swiss franc rose against its major counterparts in the New York session on Wednesday, as risk sentiment dampened ahead of the release of quarterly results from AI darling Nvidia (NVDA) after the close of todays trading. Shares of Nvidia are currently tumbling by 3.2 percent, more than offsetting the 1.5 percent jump seen during...
The Malaysia stock market has finished higher in two straight sessions, collecting more than 15 points or 1 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,650-point plateau and its likely to be rangebound again on Wednesday. The global forecast for the Asian markets suggests little movement ahead of...
The Singapore stock market has moved higher in four straight sessions, collecting more than 35 points or 1 percent along the way. The Straits Times Index now sits just shy of the 34,000-point plateau and its looking at a flat lead on Wednesday. The global forecast for the Asian markets suggests little movement ahead of...
The Taiwan stock market on Tuesday snapped the two-day winning streak in which it had gained almost 100 points or 0.4 percent. The Taiwan Stock Exchanged now rests above the 22,185-point plateau although it may inch back to the upside again on Wednesday. The global forecast for the Asian markets suggests little movement ahead of...