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Worries grow over market dominance of the Magnificent Seven. Plus, five steps to RRSP success
Earnings reports this week from five of the so-called Magnificent Seven stocks are putting a renewed focus on risks from the group’s outsize weighting in the S&P 500.Last year, eye-popping […] This post is only…
Saudi Arabia’s surprise oil capacity U-turn was months in the making, source says
Saudi Arabia’s surprise reversal of its oil expansion ambitions was at least six months in the making, said an industry source, after Riyadh concluded its vast spare capacity was enough […] This post is only…
GIB.A: Consulting firm CGI reports Q1 profit and revenue up year-over-year
CGI Inc. reported its first-quarter profit and revenue rose compared with a year ago.The Montreal-based business and technology consulting firm says it earned $389.8 million or $1.67 per diluted share […] This post is only…
CPKC delivers strong fourth-quarter results; carrying momentum into 2024
Canadian Pacific Kansas City (TSX:CP.TO) (NYSE:CP) (CPKC) today announced its fourth-quarter results, including revenues of $3.8 billion, diluted earnings per share (EPS) of $1.10 and core adjusted combined diluted EPS1, 2 of $1.18.Read more at […] This post is only…
Fed holds rates steady, indicates it is not ready to start cutting
The Federal Reserve sent a tepid signal that it is done raising interest rates but made it clear that it is not ready to start cutting. The Federal Open Market […] This post is only…
Grocery and drugstore retailer Metro reports $228.5M Q1 profit, raises dividend
Metro Inc. reported a first-quarter profit of $228.5 million as its sales gained 6.5 per cent and raised its dividend.The grocery and drugstore retailer says it will pay a quarterly […] This post is only…
CN Rail revenues and efficiency slip, but CEO predicts growth
Canadian National Railway Co. saw revenues slide slightly in its fourth quarter due to lower grain and container shipments, even as the company shored up parts of its operations.The railroad […] This post is only…
China sends several warplanes, navy ships toward Taiwan after US-China talks
Taiwan’s defense ministry announced on Saturday that over 30 Chinese warplanes were headed toward its country, in addition to navy ships.Thirty-three aircraft were sent by the Chinese People’s Liberation Army from 6 […] This post is only…
Economic Calendar: Jan 29 – Feb 2
Monday Jan. 29China industrial profits(10:30 a.m. ET) U.S. Dallas Fed Manufacturing Activity for January.Earnings include: Celestica Inc.; Nucor Corp.—Tuesday Jan. 30Japan jobless rateEuro zone GDP, economic and consumer confidence(9 a.m. […] This post is only…