Forex News
Canadian Market Notably Lower On Widespread Selling
The Canadian market is down firmly in negative territory a little past noon on Monday with stocks from several sectors recording sharp losses due to sustained selling pressure as investors await fresh economic data for clues about the outlook for Fed interest rates.
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141 days ago
Euro Advances After Far-right Leader Le Pen's Remarks
The euro was higher against its major counterparts in the New York session on Monday, as promising comments from far-right leader Marine Le Pen helped restore calm in financial markets.
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141 days ago
Dollar Gains After A Hawkish FOMC
A hawkish Fed that scaled back rate cut expectations boosted the U.S. dollar during the week ended June 14. The dollar also benefitted from weakness in the euro beset by political uncertainty in France and the yen's prospects hurt by a dovish monetary policy update from the Bank of Japan.
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141 days ago
New York Manufacturing Index Indicates Notably Slower Contraction In June
New York manufacturing activity contracted at a notably slower rate in the month of June, according to a report released by the Federal Reserve Bank of New York on Monday. The New York Fed said its general business conditions index climbed to a negative 6.0 in June from a negative 15.6 in May, although a negative reading still indicates contraction.
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142 days ago
Aerovate Says Phase 2b Portion Of Trial Of AV-101 Fails To Meet Primary And Secondary Endpoints
Biopharmaceutical company Aerovate Therapeutics, Inc. (AVTE) announced Monday topline results from the Phase 2b portion of the Inhaled iMatinib Pulmonary Arterial Hypertension Clinical Trial (IMPAHCT), a Phase 2b/Phase 3, randomized, double-blind, placebo-controlled, multi-national trial of AV-101.
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142 days ago
Beyond Eliminates Co-Chief Executive Roles And Dual Chief Merchant Roles Amid Structural Changes
Beyond, Inc. (BYON), owner of Overstock, Bed Bath & Beyond and Zulily, announced Monday structural changes to its leadership team and broader organization which are laser focused on driving efficiencies.
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142 days ago
Eurozone Labor Cost Growth Exceeds Expectations
The euro area hourly labor cost growth accelerated more than expected in the first quarter, which aligns with trends revealed by other indicators and the European Central Bank's view that wage pressures are set to remain elevated for some time before entering a downward trajectory next year. Hourly labor cost grew at a faster pace of 5.1 percent on a yearly basis.
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142 days ago
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Dycom Industries Promotes COO Daniel Peyovich To Succeed Steven Nielsen As CEO
Dycom Industries, Inc. (DY) announced Monday that Chief Executive Officer Steven Nielsen will retire on November 30, 2024 after 25 years of service. The company has named Executive Vice President and Chief Operating Officer Daniel Peyovich to succeed Nielsen upon his retirement.
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142 days ago
New York Manufacturing Index Rebounds More Than Expected But Remains Negative
New York manufacturing activity contracted at a notably slower rate in the month of June, according to a report released by the Federal Reserve Bank of New York on Monday.
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142 days ago
Bay Street Seen Opening On Mixed Note
Canadian shares are likely to open mixed Monday morning, tracking the trend in commodity markets. Also, with no significant triggers to warrant any big moves, trading is likely to remain somewhat lackluster today.
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142 days ago
Marinus Pharma Says Phase 3 Trial Of IV Ganaxolone In RSE Meets First Co-primary Endpoint
Pharmaceutical company Marinus Pharmaceuticals, Inc. (MRNS) announced Monday topline results from the Phase 3 double-blind, randomized, placebo-controlled RAISE trial evaluating the safety and efficacy of intravenous (IV) ganaxolone for the treatment of refractory status epilepticus (RSE).
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142 days ago
Shake Shack Appoints Stephanie Sentell As Chief Operations Officer
Shake Shack Inc. (SHAK) announced Monday the appointment of Stephanie Sentell to the role of Chief Operations Officer, effective July 1, 2024. As COO, she will oversee all company-operated domestic Shacks, including over 12,000 team members. She will report to CEO Rob Lynch and work closely with the current senior executive leadership team.
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142 days ago
European Shares Flat To Higher In Lackluster Trade
European stocks were flat to slightly higher on Monday after falling sharply last week on concerns that a new government in France may worsen the country's fiscal situation and threaten the stability of the euro zone.
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142 days ago
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