Reported 5 days ago
Source: INVESTORS
Reported 5 days ago
Source: BARRONS
Reported 5 days ago
Source: BARRONS
Reported 5 days ago
Source: BARRONS
Reported 5 days ago
Source: BARRONS
Reported 5 days ago
The completion of the Trans Mountain Expansion project in 2024 marked a pivotal change for Canada’s oil and gas sector, which had faced pipeline shortages for years. This new pipeline has enabled Canadian producers, especially from Alberta, to drastically increase crude oil exports to Asian markets. As a result, Canada is now positioned as a competitive player in the global energy market, meeting rising demand from China and impacting geopolitical trade dynamics amid ongoing tensions between the U.S. and China. However, this increased trade has sparked domestic debate in Canada regarding climate goals, as new Prime Minister Mark Carney balances economic needs with environmental commitments.
Source: YAHOO
Reported 5 days ago
Source: BARRONS
Reported 5 days ago
Apple's stock is nearing a $4 trillion market capitalization following an all-time high driven by strong initial sales of the iPhone 17, which have surpassed those of the iPhone 16 in the US and China. A report from Counterpoint Research highlighted a 14% year-over-year increase in iPhone sales during the first ten days of availability, emphasizing the appealing features and value for money of the iPhone 17. The company’s shares have risen 4.8% this year and 11.7% over the past year.
Source: YAHOO
Reported 5 days ago
Source: INVESTORS
Reported 5 days ago
Swiss watch exports dropped by 3.1% in September, largely attributed to a 39% tariff imposed on Swiss imports by the Trump administration, significantly impacting the US market, which saw a 56% decline in exports. Despite gains in other markets, the overall decline marks the second consecutive monthly drop. The Swiss government is still negotiating for lower tariffs, but progress remains uncertain.
Source: YAHOO
Reported 5 days ago
Warner Bros. Discovery has announced it is reviewing strategic alternatives following unsolicited buyout offers from multiple parties, including Paramount, Netflix, and Comcast. This consideration comes shortly after the company revealed plans to split into two separate entities. CEO David Zaslav noted that while the separation process continues, the increased market interest in their portfolio is noteworthy. The timeline for the review process remains uncertain.
Source: YAHOO
Reported 5 days ago
Coca-Cola reported earnings of $0.82 per share, exceeding Wall Street's forecast of $0.78, leading to a 3% increase in stock value. While organic revenue grew by 6%, the company acknowledged ongoing challenges, particularly for middle and lower-income consumers. Notably, Coca-Cola Zero Sugar enjoyed a 14% sales increase, but overall global unit volume grew modestly at 1%. The firm maintained its fiscal 2025 guidance, anticipating adjusted earnings growth of around 3%.
Source: YAHOO
Reported 5 days ago
Source: BARRONS
Reported 5 days ago
Source: INVESTORS
Reported 5 days ago
Source: BARRONS
Reported 5 days ago
BlackRock is facilitating a shift of large Bitcoin holders into the traditional financial system by offering ETFs that allow them to convert their digital assets into a regulated investment form without selling. Regulatory changes have enabled these in-kind transactions, allowing investors to maintain their Bitcoin stakes while benefiting from the conveniences of traditional finance, such as collateral and estate planning. This move marks a significant evolution for Bitcoin, which originally emerged as a decentralized alternative to mainstream financial institutions.
Source: YAHOO
Reported 5 days ago
The stock market saw the Dow Jones Industrial Average rise to a record intraday high, gaining 0.7%, as blue-chip companies like General Motors and Coca-Cola reported strong earnings. The S&P 500 increased slightly, while the Nasdaq Composite experienced a minor decline. Investors are closely watching the anticipated earnings reports from Netflix and other major companies. Meanwhile, concerns over U.S.-China trade relations have subsided for now, and a government shutdown continues to impact the economic landscape.
Source: YAHOO
Reported 5 days ago
Gold prices fell sharply by 3.4% after a record-high surge, marking the largest decline in four years amid concerns over an overbought market and a strengthening US dollar. This cooling of demand for precious metals comes as trade negotiations between the US and China are set to take place. Analysts caution that the absence of regulatory data during the US government shutdown could lead to increased volatility in trading positions, creating vulnerabilities for both gold and silver markets.
Source: YAHOO
Reported 5 days ago
Vivek Arya, a senior semiconductor analyst at Bank of America Securities, expressed optimism about Advanced Micro Devices (AMD) amidst increased demand for computing, despite concerns about deal circularity in the AI sector. He highlighted OpenAI's rapid user growth and its need for significant computing power, which AMD is positioned to supply through partnerships with cloud service providers. Arya believes the AI sector will become diverse, encompassing various ecosystems, with AMD and other semiconductor companies benefiting from this growth.
Source: YAHOO
Reported 5 days ago
Fahad Saleem discusses Microsoft's current dominance in the enterprise sector, attributed to its strong AI capabilities and early focus on enterprise solutions compared to competitors. Analyst Mike Fey highlights that Microsoft's Azure platform is gaining traction against Amazon Web Services, with AI driving ongoing demand and growth for Microsoft. Despite potential in other AI stocks, Microsoft is currently viewed as a leader in enterprise technology.
Source: YAHOO
Reported 5 days ago
Source: INVESTORS
Reported 5 days ago
Goldman Sachs and Wells Fargo have raised their price targets for Apple, anticipating strong earnings for the fourth quarter, particularly fueled by demand for the new iPhone 17. Meanwhile, 3M has increased its profit forecast for the second consecutive quarter, indicating that its CEO's turnaround strategy is working despite economic challenges. Unilever, on the other hand, has delayed its ice cream division spin-off due to a government shutdown affecting SEC registrations.
Source: YAHOO
Reported 5 days ago
Source: INVESTORS
Reported 5 days ago
Source: INVESTORS