Latest News
-
AMD forecasts revenue above Wall Street estimates on strong demand for AI chips
AMD forecast quarterly revenue above Wall Street estimates on Tuesday, banking on strong demand for its chips from massive data-centre capacity expansions to power AI technologies. Yet, its shares fell more than 7 per cent…
-
Spotify forecasts weak profit as user growth slows in North America, Europe
Spotify SPOT-N -1.68%decrease forecast third-quarter profit below Wall Street estimates on Tuesday, after the streaming giant reported slowing user growth in major markets of Europe and North America, driving shares nearly 4 per cent lower in premarket trading.…
-
Brookfield, Cameco plan IPO of jointly owned nuclear power company Westinghouse
Nuclear reactor vendor Westinghouse Electric Co. has confidentially filed for a U.S. initial public offering, its owners revealed on Friday, as demand for new sources of nuclear power attracts renewed interest from investors. Westinghouse is…
-
TransAlta reports second-quarter profit, revenue up from a year ago
TransAlta Corp. TA-T -2.66%decrease reported its second-quarter profit and revenue were up compared with a year ago. The company says its profit attributable to common shareholders amounted to $35-million or 12 cents per diluted share for the quarter…
-
Enbridge beats estimates for second-quarter profit, touts increasing demand for gas transmissions
Enbridge Inc. ENB-T -1.80%decrease expects its gas transmission business to play a growing role amid booming demand across North America, even as some of its customers express unease over ongoing geopolitical uncertainty. Speaking to analysts Friday as the…
-
ATD.TO: Couche-Tard to expand European footprint with $8.7-billion purchase of Polish retailer Zabka
Alimentation Couche-Tard Inc. ATD-T +1.37%increase is making an US$8.7-billion all-cash takeover play for Polish convenience retailer Zabka Group SA, widening its footprint in Europe with a major push in one of the continent’s fastest-growing economies. It’s the Canadian…
-
Telus cuts dividend in half to deploy more cash for debt repayment, shares dive
Telus Corp. T-T -11.27%decrease surprised investors Friday with a higher-than-expected 55-per-cent dividend cut while lowering its financial guidance for the year as new chief executive officer Victor Dodig reorients the telecom and technology company in a bid to…
-
Enbridge pipeline trespassed on Wisconsin tribal land, must be moved, U.S. appeals court finds
A U.S. appeals court found Enbridge liable for trespass for running a pipeline under land belonging to a northern Wisconsin tribe, but gave the Canadian energy company more time to reroute the pipeline and ordered…
-
Y’all Street launches: Texas Stock Exchange goes live in Dallas
A new rival to Wall Street officially debuted on Friday as the Texas Stock Exchange went fully live for the first time with trading available for all of its listed tickers. The Texas Stock Exchange, which is…