tongstock/iStock via Getty Images Australia intends to bring in a law this year which will make it compulsory for internet companies to proactively stop hosting scam ads or face fines, Reuters reported citing, the Australian Competition and Consumer Commission, or ACCC. The consumer regulator and the treasury department are inContinue Reading
Jul. 11, 2024 6:23 PM ETSPY, BAC, JPM, GS, C, MS, WFC, BK, KBE, IAT, VOO, KBWB, DPST, FTXO, WF, SP500-401010By: Carla Mozee, SA News Editor Nikada The second-quarter earnings season will shift into higher gear Friday with some major banks releasing results, and shares of most of a groupContinue Reading
straga/iStock via Getty Images U.S. natural gas futures tumbled to two-month lows following a bigger than expected weekly storage build as production rose, and the amount of gas flowing to liquefied natural gas export plants fell as the Freeport LNG plant in Texas shut early this week due to HurricaneContinue Reading
Parradee Kietsirikul Uber Technologies (NYSE:UBER) and Lyft (NASDAQ:LYFT) traded lower on Wednesday after the labor-backed Drivers Demand Justice coalition filed the final batch of voter signatures needed to place its unionization push on the November ballot for Massachusetts voters. A vote in Massachusetts on ride-hailing worker unionization would be theContinue Reading
TexBr/iStock via Getty Images BMO Capital Markets analyst published an update on their “Anything but the Big 3” portfolio of stocks, which is an actively traded model with strong Canadian companies excluding energy, materials, and financials. This group of stocks outperformed the S&P/TSX 60 Index (XIU:CA) excluding materials, energy andContinue Reading
ArLawKa AungTun/iStock via Getty Images Large real estate stocks kicked off the second half of 2024 with a marginal weekly loss despite the optimism surrounding rate cuts, as the state of the sector weighed on sentiment. S&P 500 advanced 1.95% from last week, with the labor market data supporting theContinue Reading
olddays UBS assigned buy ratings to Royal Bank of Canada (RY)(RY:CA) and National Bank of Canada (NA:CA)(OTCPK:NTIOF) as it initiated coverage of Canadian banks, saying it’s “cautiously optimistic” about the Big Six group of lenders in the country. Canada’s macro picture looks “challenging” with slow economic growth, rising unemployment andContinue Reading
shaadjutt/iStock via Getty Images International headlines are coming out of France this morning after Marine Le Pen and Jordan Bardella’s National Rally scored a victory in the first round of legislative elections. The party and its allies were projected to have won 33% of the vote, compared to the 29%Continue Reading
Roman Tiraspolsky/iStock Editorial via Getty Images Jefferies’ (NYSE:JEF) stronger-than-expected fiscal Q2 results indicate an improving outlook for investment banking among big lenders, Wells Fargo (WFC) analyst Mike Mayo wrote in a Friday note. Shares of New York-based Jefferies (JEF) extended gains from Thursday’s spike, advancing 3% in late morning trading,Continue Reading
ALFSnaiper/iStock Editorial via Getty Images Sphere Entertainment (NYSE:SPHR) rose to a 5.8% gain Tuesday afternoon after a late Monday filing disclosed an ownership stake held by investor and New York Mets owner Steve Cohen. The SEC filing noted Cohen and his Point72 Asset Management owned just over 1.56M shares, addingContinue Reading
