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Strong Labor Market Data Lifted Dollar Last Week
A stronger-than-expected job market update from the U.S. on Friday diminished rate cut hopes and boosted the U.S. dollar during the week ended June 7.
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BioSig Technologies Announces Appointment Of Ferdinand Groenewald As Interim CFO
Medical technology company BioSig Technologies, Inc. (BSGM) announced Monday the appointment of Ferdinand Groenewald to the position of interim Chief Financial Officer.
Groenewald is a certified public accountant with significant experience in finance and accounting. He currently serves as Vice President, Finance at Alaunos Therapeutics, Inc.
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Moderna Reports Positive Phase 3 Data For Flu And COVID Combination Vaccine
Moderna, Inc. (MRNA) announced Monday that its Phase 3 trial of mRNA-1083, an investigational combination vaccine against influenza and COVID-19, has met its primary endpoints. Moderna is the only company with a positive Phase 3 flu and COVID combination vaccine.
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Neogen Says USDA FSIS Selects Neogen MDS As Primary Method To Detect Salmonella, Listeria
Neogen Corp. (NEOG), a provider of food safety solutions, announced Monday that the U.S. Department of Agriculture Food Safety and Inspection Service (USDA FSIS) has named the Neogen Molecular Detection System (MDS) as its primary method to be used for the detection of Salmonella and Listeria monocytogenes testing for meat, poultry and egg products.
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HF Foods Reaches $3.9 Mln Settlement Agreement With SEC
Food distributor HF Foods Group Inc. (HFFG) announced Monday the final resolution of the previously disclosed formal, non-public investigation by the staff of the U.S. Securities and Exchange Commission into allegations that the Company and/or its former executives violated United States securities laws. The Company agreed to payment of a civil monetary penalty of $3.9 million.
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Bay Street Likely To Open With Slightly Negative Bias
Canadian shares may open with a negative bias Monday morning, tracking weak European stocks and lower bullion prices. With the Federal Reserve's monetary policy announcement, and crucial U.S. consumer price inflation data due later in the week, the mood is likely to remain cautious.
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Eurozone Investor Confidence Highest Since Early 2022
Euro area investor sentiment continued its recovery trend in June to hit the highest since early 2022 but the momentum remained weak as the economy still struggle to reach the level that prevailed before the outbreak of the war in Ukraine. The economic confidence index rose to +0.3 in June from -3.6 in May. The reading was forecast to remain negative in June, at -1.5.
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more news
Cognizant To Acquire Belcan For About $1.3 Bln Cash And Stock
Cognizant Technology Solutions Corp. (CTSH) announced Monday it has signed a definitive agreement to acquire Belcan, LLC, a portfolio company of AE Industrial Partners and a supplier of Engineering Research & Development (ER&D) services, at a purchase price of approximately $1.3 billion in cash and stock, subject to customary adjustments.
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Sensex, Nifty End Choppy Session Slightly Lower
Indian shares fluctuated before finishing modestly lower on Monday as traders locked in some profits in the wake of weak global cues.
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European Shares Retreat As Macron Calls Snap Elections After Defeat In EU Vote
European stocks drifted lower on Monday, with French stocks coming under heavy selling pressure, after President Emmanuel Macron called for snap legislative elections later in June.
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FTSE 100 Declines As US Rate Cut Hopes Fade
U.K. stocks traded lower on Monday as U.S. rate cut hopes faded and far-right parties rattled the traditional powers in the European Union and made major gains in parliamentary elections Sunday.
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CAC 40 Tumbles Amidst Political Uncertainty
French stocks tumbled on Monday after French President Emmanuel Macron unexpectedly announced a snap legislative election.
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DAX Slides As Far-right Surge In EU Elections Sparks Uncertainty
German stocks declined on Monday as U.S. rate cut hopes faded and the euro slipped to a one-month low against the dollar after far-right parties made big gains in the European Parliament election.
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