Latest News
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AUG 5/26
AMD, Intel and Micron extend losses as chip stocks get clobbered Semiconductor stocks fell on Tuesday following weakness in Asia and Europe. Nvidia sank at the open but later turned positive, closing largely unchanged on the day. Intel closed…
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US Economy
Private companies added just 44,000 workers in July, below expectations, ADP reports Hiring at private companies slowed considerably in July, with most of the job growth coming from healthcare, payrolls processing firm ADP reported Wednesday.…
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AMD falls as investors seek bigger AI payoff
Advanced Micro Devices (AMD-Q -6.65%decrease) shares tumbled on Wednesday as the chipmaker’s revenue forecast failed to impress investors seeking clearer signs that a multibillion-dollar AI spending boom will translate into faster growth. Shares were last down…
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Shopify forecasts revenue above estimates as AI efforts pay off; shares surge
Shopify SHOP-T +16.51%increase projected current-quarter revenue growth above Wall Street estimates on Wednesday, signalling the company’s AI efforts were drawing more merchants to its suite of e-commerce services and driving broader consumer demand, sending its shares up about…
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Thomson Reuters raises full-year revenue outlook with focus on AI rollout
Thomson Reuters TRI-T -7.07%decrease lifted its full-year organic revenue forecast on Wednesday, with CEO Steve Hasker saying that the Toronto-based content and technology company’s focus was on investing and developing AI across its portfolio. The company said last…
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Gold rises on softer oil prices; U.S. jobs data, Fed rate outlook on tap
Gold prices gained on Tuesday, supported by a decline in oil prices that tempered inflation fears and lowered U.S. interest rate hike bets, while markets awaited further clues on the Federal Reserve’s policy path. Spot gold rose 0.6% to $4,078.10 per ounce, while U.S gold futures…
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Oil prices tumble after Bessent says Strait of Hormuz deal may come this week
Oil prices fell sharply Tuesday after Treasury Secretary Scott Bessent indicated there may be a deal to open the Strait of Hormuz as soon as this week. Brent, the international oil benchmark, slid 5.3% to…
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Suncor Energy beats quarterly profit estimates
Suncor Energy SU-T -3.56%decrease on Tuesday beat analysts’ estimates for second-quarter adjusted profit, helped by higher crude price realizations and stronger refining margins. Oil prices, boosted by the Iran war, have strengthened earnings prospects for Suncor and its…
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Upcoming small-cap earnings:
Aug. 5: Chorus Aviation Inc. (CHR-T), Flagship Communities REIT (MHC-UN-T), Kinaxis Inc. (KXS-T), Doman Building Materials Group Ltd. (DBM-T), Propel Holdings Inc. (PRL-T), Xanadu Quantum Technologies Ltd. (XNDU-T), Thinkific Labs Inc. (THNC-T), AirBoss of America…