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McDonald's Q2 Profit Falls, Misses Market As Comps Down
McDonald's Corp. announced Monday weak profit in its second quarter, below market estimates, hit mainly by higher charges and lower Systemwide sales and comparable sales. The fast food major's total revenues were nearly flat, but it grew about 1 percent in constant currencies. In pre-market activity on the NYSE, McDonald's shares were gaining around 0.6 percent.
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ON Semiconductor Guides Q3 In Line With Estimates - Update
While reporting financial results for the second quarter on Monday, ON Semiconductor Corp. (ON) provided earnings and revenue guidance for the third quarter of fiscal 2024, which was in line with estimates.
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Venus Concept Says Venus Bliss MAX System Gets Medical Device License From Health Canada
Medical aesthetic technology firm Venus Concept Inc. (VERO) announced Monday that it has received a medical device license issued by Health Canada to market the Venus Bliss MAX system in Canada.
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Bay Street Likely To Open Slightly Higher
Higher U.S. and Canadian futures, and gold prices point to a positive start on Bay Street Monday morning. The mood is likely to remain cautious with investors looking ahead to the release of mega-cap U.S. tech earnings and monetary policy meetings of several central banks.
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Aspen Insurance Promotes Christian Dunleavy To Group President
Insurance and reinsurance firm Aspen Insurance Holdings Ltd. (AHL) announced Monday changes to its leadership, effective August 1, 2024, to create stronger, more accountable executive roles.
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Lufthansa Cancels Flights To Lebanon Capital Over Fears Of Israel Attack
German flag carrier Deutsche Lufthansa AG has suspended flights to and from the Lebanese capital Beirut until August 5 amid increasing tensions after a rocket launched from Lebanon had hit Israel-occupied Golan Heights, killing at least 12 people, reports said. Lufthansa spokesperson said flights to Beirut from Lufthansa Group carriers, Swiss International Air Lines, Eurowings...
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GSK Reaches Confidential Settlement With Ronald Kimbrow Involving Ranitidine
GSK plc (GSK, GSK.L) announced Monday it has reached a confidential settlement with Ronald Kimbrow resolving the case he filed in Illinois state court. GSK does not admit any liability in this settlement. The case will now be dismissed as to GSK.
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Air Lease Announces Delivery Of The First Of Six New Airbus A220-300 Aircraft To Croatia Airlines
Aircraft leasing company Air Lease Corp. (AL) announced Monday the delivery of one new Airbus A220-300 aircraft to Croatia Airlines.
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Pound Falls Amid BoE Rate Cut Speculation
The British pound weakened against other major currencies in the European session on Monday, as traders speculate the Bank of England is likely to cut its interest rates at the monetary policy meeting later in the week.
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Sensex, Nifty End Choppy Session Little Changed
Indian shares ended a choppy session little changed on Monday as signs of escalating tensions in the Middle East offset hopes for more interest rate cuts from the Federal Reserve this year.
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Pound Falls Against Majors
The British pound weakened against other major currencies in the European session on Monday.
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UK Mortgage Approvals Remain Broadly Stable
UK mortgage approvals remained almost stable in June despite a rise in the mortgage rate, reflecting the strength in the housing market. Net mortgage approvals for house purchases, an indicator of future borrowing, totalled 59,976 in June compared to 60,134 in May, the Bank of England said Monday. The figure was almost in line with the forecast of 60,000.
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European Shares Mixed Amid Middle East Tensions
European stocks were mixed on Monday as signs of escalating tensions in the Middle East offset hopes for more interest rate cuts from the Federal Reserve this year.
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