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Cogeco’s second-quarter profit rises 7.8% to $118.8-million on revenue boost
Cogeco’s second-quarter profit rises 7.8% to $118.8-million on revenue boostCogeco Inc. CGO-T -0.04%decrease says its net profit increased nearly eight per cent in its second quarter on a boost in revenues.The Montreal-based company […] This post is only…
Goldman Sachs tops analyst estimates as trading desks crush expectations amid surging volatility
Goldman Sachs tops analyst estimates as trading desks crush expectations amid surging volatilityGoldman Sachs first-quarter earnings blew past expectations as its traders effectively navigated a surge in markets volatility from the […] This post is only…
Citigroup tops earnings estimates on better-than-expected trading revenue
Citigroup tops earnings estimates on better-than-expected trading revenueHere are the numbers:$2.02 per diluted share vs $1.55 a share Refinitiv estimateRevenue: $19.19 billion vs $18.15 billion estimateHow big of a hit […] This post is only…
Elon Musk offers to buy Twitter, take it private
Elon Musk offers to buy Twitter, take it privateMusk’s best and final offer was to pay $54.20 per share for 100% of Twitter, and said that if his offer was […] This post is only…
RBC, TD, Scotiabank and CIBC raise prime rate to 3.20% after Bank of Canada hike
Banks Raise Prime Rate to 3.20%Royal Bank of Canada and TD Bank were among the first big Canadian lenders to announce Wednesday that they were following the Bank of Canada […] This post is only…
Kevin Carmichael: Brace for more big hikes because the Bank of Canada is far from finished
Kevin Carmichael: Brace for more big hikes because the Bank of Canada is far from finishedGovernor Tiff Macklem and his deputies raised the benchmark interest rate by half a percentage point on […] This post is only…
Broad increase in U.S. producer prices underscores tough inflation battle for Federal Reserve
Broad increase in U.S. producer prices underscores tough inflation battle for Federal ReserveU.S. monthly producer prices increased by the most in more than 12 years in March amid strong demand […] This post is only…
Remember the bet on rebounding airline stocks? It’s now worth another look
Remember the bet on rebounding airline stocks? It’s now worth another lookAirline stocks have been a disappointing bet over much of the past year: We are more or less free […] This post is only…
Asia-Pacific stocks mixed as data shows China’s exports rose more than expected
Asia-Pacific stocks mixed as data shows China’s exports rose more than expectedAsia-Pacific stocks were mixed on Wednesday.U.S. consumer prices rose 8.5% in March as compared with a year ago, the […] This post is only…