Sweden\'s central bank lowered its policy rate for the first time in eight years and signaled another two more rate reductions during the second half of the year as inflation approaches the target of around 2 percent amid the weak economic activity. The executive board of the Riksbank, led by Governor Erik Thedeen, decided to...
While reporting financial results for the third quarter on Wednesday, Performance Food Group Co. (PFGC) provided net sales guidance for the fourth quarter, below estimates. The company also trimmed its net sales guidance for the full-year 2024. For the fourth quarter, PFG expects net sales in a range of $15.0 billion to $15.4 billion. On...
Canadian shares are likely to turn in a mixed performance on Wednesday with investors reacting to quarterly earnings updates. Weak crude oil prices and subdued bullion market may weigh on energy and materials shares. In earnings news, Stella-Jones Inc (SJ.TO) reported a net income of $77 million or $1.36 per share for the first quarter...
While reporting financial results for the first quarter on Wednesday, The Brink\'s Co. (BCO) maintained its earnings and revenue guidance for the full-year 2024. For fiscal 2024, the company continues to project earnings from continuing operations attributable to Brink\'s in the range of $7.30 to $8.00 per share on revenues between $5.075 billion and $5.225...
Biotechnology company Anixa Biosciences, Inc. (ANIX) announced Wednesday that it has entered into a joint development agreement with Cleveland Clinic to develop novel vaccines for various cancer types. Anixa currently collaborates with Cleveland Clinic on breast cancer and ovarian cancer vaccines Cleveland Clinic is currently conducting a Phase 1 clinical trial targeting triple negative breast...
French stocks were slightly higher on Tuesday after data from the customs offices showed France\'s trade deficit decreased in March. The trade deficit dropped to EUR 5.47 billion in March from EUR 5.61 billion in February as exports rose faster than imports. In the same period last year, the deficit totaled EUR 8.1 billion. Exports...
UK house prices rose only marginally in April as rising interest rate expectations weighed on the property market, data published by the mortgage lender Halifax showed on Tuesday. House prices posted a monthly increase of 0.1 percent in April, which was weaker than the expected 0.2 percent growth. However, this was in contrast to the...
iPhone maker Apple, Inc. (AAPL) is said to be working on designing and producing its own Artificial Intelligence-powered chips to run AI software on servers at its data centers, according to a Wall Street Journal report on Tuesday. The company, until now known for its iPhones, iPads, and Macs, is reportedly working with Taiwan Semiconductor...
Canadian stocks are turning in a mixed performance on Tuesday with investors digesting a slew of earnings announcements, and making largely cautious moves. The benchmark S&P/TSX Composite Index is up 79.37 points or 0.36% at 22,338.84 a few minutes past noon. On the economic front, the Ivey Purchasing Managers Index in Canada surged to 63...
European stocks closed notably higher on Tuesday, lifted by some strong earnings updates, encouraging economic data, and optimism about interest rate cuts by some major central banks in the second quarter of the year. The pan European Stoxx 600 climbed 1.14%. The U.K.\'s FTSE 100 gained 1.22%, Germany\'s DAX advanced 1.4% and France\'s CAC 40...