Published: 5/1/2023 2:10 PM ET Gold futures settled lower on Monday as the dollar climbed up amid bets about a rate hike ahead of the Federal Reserve’s policy announcement. The Federal […]
Category: Uncategorized
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Oil Futures Settle Notably Lower On Worries About Growth
Published: 5/1/2023 3:11 PM ET Crude oil prices tumbled on Monday, weighed down by concerns about economic growth and worries about outlook for energy demand. Data showing a contraction in Chinese […]
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TSX Fails To Hold Early Gains, Ends Marginally Down
Published: 5/1/2023 5:15 PM ET The Canadian market failed to hold early gains and ended marginally down on Monday due largely to some heavy selling at several counters in the energy […]
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Ottawa’s vision for electricity’s future is about to clash with Ontario’s
An unprecedented push by the federal government to shape Canada’s power grid is about to ramp up – and face its first major test, courtesy of an Ontario government with […]
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Oil drops as economic growth concerns offset OPEC+ cuts
Oil fell on Monday as concern over the economic impact of the U.S. Federal Reserve potentially raising interest rates and weaker Chinese manufacturing data outweighed support from new OPEC+ supply […]
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Subway comes up with $5-billion debt plan to clinch $10-billion+ sale: sources
The bankers running the sale process for Subway have given the private equity firms vying for the sandwich chain a US$5-billion acquisition financing plan, hoping to overcome a challenging environment […]
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U.S. regulators seize First Republic Bank, sell to JPMorgan Chase
The Federal Deposit Insurance Corp. says JPMorgan Chase Bank JPM-N +0.87%increase will take over all deposits and most of the assets of troubled First Republic Bank. The FDIC said early Monday that California […]
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Calendar: May 1 – May 5
Monday May 1 China and Japan manufacturing PMI (10 a.m. ET) U.S. ISM manufacturing PMI for April. (10 a.m. ET) U.S. construction spending for March. The Street is estimating a […]