By Fergal Smith TORONTO (Reuters) – Canada’s main stock index rose on Tuesday to its highest level in over three weeks as gains for financial and industrial shares offset a decline in the energy group. The Toronto Stock Exchange’s S&P/TSX composite index ended up 141.68 points, or 0.7%, at 21,377.18, its highest closing level since …
TSX climbs to 3-week high as financial shares rise Read More »
By Jonnelle Marte (Reuters) – U.S. consumer debt loads grew in 2021 by the largest amount in 14 years as people ramped up borrowing to afford homes, cars and other goods that are becoming more expensive, according to a report released on Tuesday by the New York Federal Reserve. The higher borrowing was fueled in …
U.S. household debt increased by $1 trillion in 2021, the most since 2007 Read More »
By Nichola Saminather TORONTO (Reuters) – Canada’s largest stock market operator, TMX Group, plans to launch its first cryptocurrency futures product in response to institutional investors’ desire to offset the risks of trading in the relatively new asset class, the company’s chief executive told Reuters on Tuesday. The group, which had 17 cryptocurrency exchange-traded funds …
Canada’s TMX Group plans cryptocurrency futures product for institutional investors Read More »
By David Shepardson WASHINGTON (Reuters) – U.S. President Joe Biden publicly acknowledged the role of Tesla in U.S. electric vehicle manufacturing on Tuesday, after Chief Executive Elon Musk repeatedly complained about being ignored. “From iconic companies like GM and Ford building out new electric vehicle production to Tesla, our nation’s largest electric vehicle manufacturer, to …
After months of complaint by Elon Musk, Biden acknowledges Tesla Read More »
(Reuters) -Microsoft Corp is considering a deal to buy cybersecurity firm Mandiant Inc , Bloomberg News reported https://www.bloomberg.com/news/articles/2022-02-08/microsoft-is-said-to-pursue-deal-for-cybersecurity-firm-mandiant?sref=V7uxlNge on Tuesday, citing a person familiar with the matter. The talks may not result in an offer, according to the report. Shares of Mandiant rose more than 18%, while those of Microsoft were up 1.1% in late …
Microsoft eyeing deal to buy cybersecurity firm Mandiant -Bloomberg Read More »
(Reuters) -Activist investor Carl Icahn privately threatened a proxy fight for representation on the board of burger chain McDonald’s Corp, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. Icahn, who turns 86 next week, takes large stakes in companies before pressuring management to make changes he believes will benefit shareholders. …
Billionaire investor Icahn threatened proxy fight over McDonald’s board seat – WSJ Read More »
By Svea Herbst-Bayliss BOSTON (Reuters) – Technology industry executive Barry McCarthy is an avid user of a Peloton bike and now the stakes for his workouts are rising as he becomes chief executive with a goal to restore the fitness company’s lost luster. McCarthy cemented his credentials in Silicon Valley and on Wall Street when …
Tech executive McCarthy moves to Peloton, investors cheer his arrival Read More »
By Herbert Lash NEW YORK (Reuters) -The dollar strengthened and the euro weakened in sideways trade on Tuesday, a day after European Central Bank President Christine Lagarde tapped down expectations of aggressive interest rate hikes that have spooked bond markets. A more hawkish tone from both the ECB and the Federal Reserve last week caught …
By Bianca Flowers and Aishwarya Nair (Reuters) -Harley-Davidson Inc reported on Tuesday a sharp jump in revenue and an unexpected profit for the fourth quarter, boosted by price hikes and a shift toward sales of higher-margin touring and cruiser motorcycles, sending its shares up nearly 15%. In the midst of nearly a two-year sales drop, …
Harley results top Wall Street forecasts as demand for motorcycles soars Read More »
By Deena Beasley and Leroy Leo (Reuters) -Amgen Inc said on Tuesday it would buy back up to $6 billion of its shares in the first quarter and forecast profit to more than double by 2030 on strong sales of its oncology drugs, biosimilars and other important products. Shares of the U.S. biotechnology company jumped …
Amgen to buy back $6 billion in shares this qtr, provides long-term profit forecast Read More »
