By Purvi Agarwal and Fergal Smith (Reuters) -Canada’s main stock index ended lower on Wednesday for a third straight day as investors weighed earnings from some of Canada’s biggest banks and braced for economic data this week that could guide expectations for the timing of interest rate cuts. The Toronto Stock Exchange’s S&P/TSX composite index …
TSX falls for third day as investors ‘chew through’ bank earnings Read More »
(Reuters) -Salesforce forecast fiscal 2025 revenue below market expectations on Wednesday as it expects weak client spending on its cloud and business products. Shares of the company fell over 6% in extended trading. The company expects revenue in the range of $37.7 billion to $38 billion, compared with analysts’ estimate of $38.62 billion, according to …
Salesforce forecasts annual revenue below estimates Read More »
By Indradip Ghosh BENGALURU (Reuters) – Home prices in Canada are forecast to gain a bit this year and rise further in 2025 on relentless demand for housing amid scant new supply and prospects for interest rate cuts later in 2024, according to a Reuters poll of experts. The outlook has stayed broadly unchanged since …
Canada’s home prices to rise again on stretched demand-supply gap: Reuters poll Read More »
(Reuters) – Paramount Global fell short of Wall Street estimates for quarterly revenue on Wednesday, weighed by intense competition from streaming rivals and a weak advertising market. The media industry has been grappling with a changing landscape of streaming gaining dominance over traditional television and the impact from the Hollywood strikes last year. A soft …
Paramount misses quarterly revenue estimates as weak ad market offsets streaming gains Read More »
By Nivedita Balu and Manya Saini (Reuters) -Royal Bank of Canada on Wednesday beat analysts’ estimates for quarterly profit, as its wealth management and capital market divisions benefited from higher fee income while elevated interest rates helped the bank earn more from lending. Still, Canada’s biggest bank set aside more funds to cover bad loans, …
RBC tops profit estimates on higher interest and fees income Read More »
(Reuters) – Google is working to fix its Gemini AI tool, CEO Sundar Pichai told employees in a note on Tuesday, saying some of the text and image responses generated by the model were “biased” and “completely unacceptable”. The company had last week paused the use of its tool that creates images of people following …
Google working to fix Gemini AI as CEO calls some responses “unacceptable” Read More »
By Stephen Nellis and Shivansh Tiwary (Reuters) -Apple has canceled work on its electric car, a source familiar with the matter told Reuters on Tuesday, a decade after the iPhone maker kicked off the project. Shares of the company were up 0.7% in afternoon trading, having pared some losses from earlier in the trading day. …
By Chuck Mikolajczak NEW YORK (Reuters) -U.S. stocks closed near flat on Tuesday ahead of inflation and other economic data that could shed light on the possible timing of a Federal Reserve interest rate cut. As corporate earnings season winds down, investors refocused on economic data and the likely path of U.S. rates. Equities have …
(Reuters) -E-commerce platform eBay beat market expectations for quarterly revenue on Tuesday, helped by healthy consumer spending during the holiday season and strength in its focus categories such as refurbished goods and auto parts. Shares of the company rose around 6% in extended trading. The upbeat results show that eBay’s marketplace, which serves as a …
(Reuters) -U.S. shale producer Devon Energy reported a fall in fourth-quarter profit on Tuesday, hurt by lower oil and gas prices. Concerns over global demand capped gains in oil prices throughout the reported quarter, with West Texas Intermediate prices declining nearly 1% on an average, compared to the year-ago quarter. Devon’s averaged realized price without …
Devon Energy quarterly profit drops on lower oil and gas prices Read More »
