APRIL 18, 2022 Oil prices rise; weak OPEC production in focusOil prices moved higher in early Asian trade, with weak crude production from OPEC supporting prices, Oanda market analyst Ed Moya […]
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Wells Fargo’s quarterly profit tops expectations as lower costs blunt hit from weak mortgage lending
Wells Fargo’s quarterly profit tops expectations as lower costs blunt hit from weak mortgage lendingWells Fargo & Co’s WFC-N +0.25%increase first-quarter profit dropped 21 per cent but beat Wall Street expectations on Thursday […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]