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U.S. Dollar Declines Ahead Of Inflation Data

The U.S. dollar dropped against its major counterparts in the New York session on Friday, as investors await key inflation data due next week for more clues about the potential size of a rate cut in September.

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Canadian Stocks Turning In Mixed Performance; TSX Up Marginally

Canadian stocks are turning in a mixed performance on Friday with investors reacting to quarterly earnings updates and the nation's jobs data, in addition to re-assessing the global economic outlook.

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Delta Sees $380 Mln Revenue Hit From Microsoft-CrowdStrike Outage

Delta Air Lines, Inc. estimates the massive IT outage caused by Microsoft Corp. - CrowdStrike Holdings, Inc. and related impacts, including more than 7000 flight cancellations, would hurt the airline direct revenue of around $380 million. In a filing with the U.S. Securities And Exchange Commission, Ed Bastian, Delta's Chief Executive Officer, said that company is pursuing legal claims...

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Future Fintech Appoints Hu Li To Replace Shanchun Huang As CEO And President

Future Fintech Group Inc. (FTFT) announced Friday that its Board of Directors approved the appointment of Hu Li as Chief Executive Officer, President and a member of the Board of the Company, effective August 5, 2024.

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AlTi Global Slips To Loss In Q2

AlTi Global, Inc. (ALTI) reported Friday a net loss attributable to AlTi for the second quarter of $5.99 million or $0.18 per share, compared to net income of $42.74 million or $0.25 per share in the prior-year quarter.

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Bay Street May Open Higher; Jobs Data In Focus

Higher crude oil and gold prices, and firm global stocks point to slightly positive start for the Canadian market Friday morning. The market is also likely to benefit from upbeat U.S. jobless claims data, and optimism about Fed interest rate cuts.

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Construction Partners Q3 Results Top Estimates; Boosts FY24 Outlook

Construction Partners, Inc. (ROAD) reported Friday that net income for the third quarter grew to $30.91 million or $0.59 per share from $25.68 million or $0.41 per share in the prior-year quarter.

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Perrigo Recalls Select CVS Health, H-E-B Baby Premium Infant Formula

Perrigo Co. plc is recalling select Premium Infant Formula with Iron Milk-Based Powder sold under CVS Health and H-E-B Baby brands at the retailer and warehouse level citing elevated Vitamin D levels than permitted, according to the U.S. Food and Drug Administration. The recall involves three lots within one batch, or 16,500 cans, of store brand Premium Infant Formula with Iron Milk-Based Powder.

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