By Fergal Smith (Reuters) -Canada’s commodity-linked main stock index pulled back from a 22-month high on Monday as metal prices fell and investors turned cautious ahead of earnings reports this week from major domestic banks. The Toronto Stock Exchange’s S&P/TSX composite index ended down 88.84 points, or 0.4%, at 21,324.31, after posting on Friday its …
TSX ends lower as investors brace for bank earnings Read More »
By Mike Scarcella (Reuters) – The U.S. Federal Trade Commission said on Monday that it is suing to block Kroger’s $24.6 billion purchase of rival grocery chain Albertsons on antitrust grounds, adding to a slew of legal challenges from U.S. states and consumers. Here is a look at some of the ongoing cases. EIGHT STATES …
Factbox-FTC case over Kroger-Albertsons deal adds to earlier antitrust woes Read More »
By Chuck Mikolajczak NEW YORK (Reuters) -U.S. stocks ended with modest losses on Monday, as the focus shifted after last week’s AI-fueled rally to upcoming economic data that could affect the timing of the Federal Reserve’s expected interest rate cut. The release of January’s personal consumption expenditures price index (PCE)- the Fed’s preferred inflation gauge …
Equities close slightly lower as focus shifts to data Read More »
(Reuters) – Air Transat said on Monday its cabin crew members have ratified a new agreement with the airline after voting in favor of a recommendation by the Canadian Government’s mediation body, averting fears of a strike. About 63% of flight attendants voted in favor of the Federal Mediation and Conciliation Service mediators’ recommendation. Earlier …
Canada’s Air Transat cabin crew members ratify new contract with airline Read More »
NEW YORK (Reuters) – Unionized workers at Kroger and Albertsons supermarkets on Monday mostly celebrated the U.S. Federal Trade Commission’s lawsuit to block the retail merger, citing the possibility of lower wages and higher prices at a combined grocery chain. The FTC sued to block Kroger’s $24.6 billion deal to buy smaller rival Albertsons’ on …
Unions praise FTC lawsuit blocking Kroger and Albertsons’ merger Read More »
By Nell Mackenzie LONDON (Reuters) – Global hedge funds sold tech stocks at their highest pace in almost eight months in the week to Feb. 23, Goldman Sachs said, piling into bets against the sector just as Nvidia’s latest earnings fuelled a surge in tech shares. The tech share selling by hedge funds ranked among …
Hedge funds call time on tech rally, Goldman Sachs says Read More »
By David Shepardson and Valerie Insinna WASHINGTON (Reuters) -An expert panel reviewing Boeing’s safety management processes has found a “disconnect” between the planemaker’s senior management and employees on safety culture and raised other concerns. The panel’s report released on Monday was directed by U.S. Congress after two fatal Boeing 737 MAX crashes in 2018 and …
Panel finds safety ‘disconnect’ between Boeing management, employees Read More »
(Reuters) -Investment firm Kerrisdale Capital disclosed a short position in Carvana on Monday, calling it a “poorly capitalized, growth-challenged auto retailer”. Shares of Carvana have surged nearly 40% after the used-car retailer posted its first annual profit last week, a sharp turnaround powered by cost cuts and a debt-reduction deal with bondholders. On Monday, shares …
Kerrisdale Capital reveals short position in used-car firm Carvana Read More »
By Shariq Khan and Laura Sanicola NEW YORK/WASHINGTON (Reuters) – A slump in U.S. refining activity and disruptions to global trade have tightened diesel supplies in recent weeks, dampening historically high U.S. diesel exports to Europe this month. Difficulties in securing U.S. diesel complicate an existing supply crunch in Europe, which previously relied on Russian …
US diesel exports to Europe dip on plummeting refining output Read More »
By Davide Barbuscia NEW YORK (Reuters) – A sell-off in the U.S. government bond market is picking up speed, as a strong economy whittles away at hopes for imminent interest rate cuts from the Federal Reserve. Over the last month, investors have roughly halved the number of cuts they expect the Fed to deliver in …
Analysis-‘Slam dunk’ Treasury trade becomes test of patience as yields march higher Read More »
