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Canadian Stocks Notably Lower In Cautious Trade
The Canadian market is down in negative territory Tuesday morning with stocks from several sectors losing ground on sustained selling pressure as investors await key U.S. economic data and the Federal Reserve's monetary policy announcement for directional clues.
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Elon Musk Threatens To Ban Apple Devices Over OpenAI Deal
Elon Musk, the founder and CEO of Tesla and SpaceX, among others, said he would ban Apple devices from his companies if the tech major incorporates OpenAI technology into its operating system. Musk, in a series of posts on his social media platform X, was responding to Apple's partnership with OpenAI, the developer of generative chatbot ChatGPT...
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USA Football And Under Armour In Multi-Year Brand Deal Through 2028 Summer Olympics
USA Football, the sport's governing body in the U.S., and performance brand Under Armour (UAA) announced Tuesday a multi-year partnership through the 2028 Summer Olympics in Los Angeles. The partnership aims to allow every athlete to participate, ultimately growing the game of football.
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Bay Street Likely To Open On Mixed Note
It's likely to be a mixed start on Bay Street Tuesday morning, as investors may stay wary of making significant moves ahead of the Federal Reserve's monetary policy announcement, and the release of consumer price inflation report.
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US Small Business Confidence Improves For Second Month Despite Rising Uncertainty - NFIB
U.S. small business sentiment increased for a second month in a row in May to reach its highest level thus far this year, but the uncertainty perception rose to its highest in three-and-a-half years ahead of the general election, and inflation remained the main worry for business owners, results of a survey by the National Federation of Independent Business showed Tuesday.
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UK Jobless Rate Falls; Wage Growth Remains Strong
The UK unemployment rate fell to the lowest since the middle of 2021 but the wage growth remained strong in three months to April, adding weight to the view that the next Bank of England interest rate cut will be in August. The unemployment rate rose to 4.4 percent in the three months to April from 4.3 percent in three months to March, the Office for National Statistics reported.
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FMC Appoints Chairman Pierre Brondeau To Addl. Role Of CEO To Succeed Mark Douglas
Agricultural sciences company FMC Corp. (FMC) announced Tuesday that its Board of Directors has appointed Pierre Brondeau as chief executive officer, in addition to his role as board chairman. He succeeds current president and CEO Mark Douglas, who has stepped down following more than 14 years with the company.
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more news
BJ's Wholesale Expands Same-day Delivery Service To Include Big-ticket Items
BJ's Wholesale Club (BJ), a leading operator of membership warehouse clubs, announced Tuesday an expansion of its popular same-day delivery service to include big-ticket items.
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Sensex, Nifty End Little Changed Ahead Of Fed Meeting
Indian shares ended a choppy session on a flat note Tuesday as investors awaited Wednesday's U.S. consumer price data and the Federal Reserve interest-rate decision for directional cues.
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European Shares Flat To Lower Ahead Of US Inflation Data, Fed Meeting
European stocks were subdued on Tuesday as investor focus shifted to Wednesday's U.S. consumer price data and the Federal Reserve interest-rate decision.
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ADM Animal Nutrition Expands Recall Of Feed Products
ADM Animal Nutrition, affiliated to food processing company Archer-Daniels-Midland Co. or ADM, has expanded its recall to include additional lots of various feed products citing elevated levels of magnesium, sodium, calcium, chloride and/or phosphorus. These elevated levels may harm cattle, chickens, equine, goats, lambs, llamas, rabbits, sheep and swine.
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FTSE 100 Declines After Mixed Employment Data
U.K. stocks edged lower on Tuesday as the latest employment data painted a mixed picture of the economy.
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CAC 40 Rebounds As Bonds Stabilize
French stocks rebounded on Tuesday after suffering heavy losses in the previous session following President Emmanuel Macron's decision to call a snap national election in response to the recent surge of far-right success in the European Union elections.
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