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TSX Slips To 1-month Low As Materials, Energy Stocks Fall
The Canadian benchmark S&P/TSX has tumbled to its lowest level in about a month Tuesday morning, as weak commodity prices trigger some heavy selling materials and energy stocks.
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U.S. Factory Orders Climb Slightly More Than Expected In April
A report released by the Commerce Department on Tuesday showed new orders for U.S. manufactured goods rose by slightly more than expected in the month of April. The Commerce Department said factory orders climbed by 0.7 percent in April compared to economist estimates for an increase of 0.6 percent.
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U.S. Job Openings Show Modest Decrease In April
Job opening in the U.S. saw a modest decrease in the month of April, according to a report released by the Labor Department on Tuesday.
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German Unemployment Rises More Than Forecast
Germany's unemployment increased more than expected in May as the economic recovery was not sufficient to bring a marked improvement in the labor market. The increase in the number of people out of work more than doubled to 25,000 in May, data from the Federal Labor Agency showed Tuesday. This follows an increase of 11,000 in the previous month, which was revised up from 10,000.
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AbbVie Says New Weight-based Oral Solution RINVOQ LQ Now Available As Option For Pediatric Patients
AbbVie, Inc. (ABBV) announced Tuesday that a new weight-based oral solution RINVOQ LQ (upadacitinib) is now available as an option for pediatric patients two years of age and older with active polyarticular juvenile idiopathic arthritis (pJIA) as well as psoriatic arthritis (PsA), provided they have had an inadequate response or intolerance to one or more tumor necrosis factor (TNF) blockers.
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Bay Street Likely To Open On Weak Note
Canadian shares look headed for a weak start Tuesday morning, tracking falling commodity prices and weak European markets. The mood is likely to remain cautious with investors awaiting policy meetings of the Bank of Canada and the European Central Bank, and U.S. jobs data, later this week.
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Broadridge Financial Solutions CFO Edmund Reese To Step Down; Names Ashima Ghei Interim CFO
Broadridge Financial Solutions, Inc. (BR) announced Tuesday that Chief Financial Officer Edmund Reese will be stepping down from his role, effective June 30, 2024, to become Chief Financial Officer of global professional services firm Aon. Reese has served as Broadridge's CFO since 2020.
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more news
Bath & Body Works Boosts FY24 Outlook As Q1 Results Top Estimates
Home fragrance company Bath & Body Works, Inc. (BBWI) reported Tuesday that net income for the first quarter grew to $87 million or $0.38 per share from $81 million or $0.35 per share in the prior-year quarter.
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Lithia & Driveway Boosts Share Repurchase Program By $350 Mln
Automotive retailer Lithia & Driveway (LAD) announced Tuesday a $350 million increase to its share repurchase authorization by its Board of Directors, bringing total funds available for future repurchases to approximately $660 million.
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WestRock Inks Virtual Power Purchase Agreement With ENGIE North America
Paper and packaging solutions provider WestRock Co. (WRK) announced Tuesday it entered into virtual power purchase agreements (VPPAs) with ENGIE North America (ENGIE), a subsidiary of ENGIE S.A. and global leader in the net zero energy transition.
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Sensex, Nifty Plunge Nearly 6% As BJP Falls Short Of Majority
Indian shares ended deep in the red on Tuesday as trends showed BJP falling below the majority mark in the Lok Sabha elections, contradicting the exit polls.
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Toyota Stock Hit By Halt Of 3 Models, HQ Raid By Japan Officials
Toyota Motor Corp. stock was hit on Tuesday's trading in Japan after the Japanese auto major announced the halt of shipments and sales of three models produced in the country following certification issues and a raid at its headquarters by government officials.
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European Shares Drift Lower As Investors Await ECB Meeting
European stocks edged lower on Tuesday as investors looked ahead to Thursday's European Central Bank (ECB) meeting and the release of the all-important U.S. employment report on Friday for directional cues.
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