The Atlanta Fed released its initial estimate for the third quarter growth based on its GDPNow model on Friday that projected the U.S. economy to grow 2.8 percent in the third quarter.Official […]
Author: Consultant
Oil falls by more than US$1 a barrel as Israel officials seek to avoid broader Middle East war
Oil prices fell by more than $1 a barrel on Monday after Israeli officials said they wanted to avoid dragging the Middle East into an all-out war while responding to […]
Calendar: July 29 – Aug 2
Monday, July 29China industrial profitsEarnings include: McDonald’s, Loews, TilrayTuesday, July 30Bank of Japan policy announcement and outlook report (through Wednesday)Euro area GDP July economic confidence. Germany also releases CPI and France […]
Nasdaq sells off for a second day as rotation out of tech continues, Russell 2000 rises: Live updates
The Nasdaq Composite dropped for a second day Thursday as Wall Street continued its rotation out of technology stocks.The Nasdaq Composite fell 1.5%, while the S&P 500 declined 0.6%. The Dow Jones Industrial Average rose 130 […]
Cryptocurrencies suffer alongside tech stock rout, ether slides 6%
Cryptocurrencies fell one day after a reversal in technology stocks pushed the S&P 500 and Nasdaq Composite to their worst day since 2022.Bitcoin was lower by 2% at $64,299.18 early Thursday, according […]
U.S. economy grew at a 2.8% pace in the second quarter, much more than expected
Real gross domestic product increased at a 2.8% annualized pace in the second quarter, above the 2.1% forecast. The personal consumption expenditures price index, a key measure for the Fed, […]
Loblaw’s second quarter profit down after agreeing to settle price-fixing lawsuit
Grocery and drugstore retailer Loblaw Cos. Ltd. reported its second-quarter profit decreased compared with a year ago.The parent company of Loblaws and Shoppers Drug Mart says it earned a profit […]
FirstService: Q2 Earnings Snapshot
FirstService Corp. (FSV) on Thursday reported second-quarter earnings of $35.1 million.The Toronto-based company said it had profit of 78 cents per share. Earnings, adjusted for amortization costs and non-recurring costs, […]
Waste Connections: Q2 Earnings Snapshot
Waste Connections Inc. (WCN) on Wednesday reported second-quarter earnings of $275.5 million.On a per-share basis, the Ontario, Ontario-based company said it had net income of $1.07. Earnings, adjusted for one-time […]