Canada's main stock index opened higher on Wednesday, as signs of more stimulus and improving economic data lifted hopes of a sooner-than-expected recovery from the coronavirus-led recession.
Stocks rose about 2% on Tuesday as three pieces of positive news helped the market to a third day of gains since last Thursday’s epic pullback.
The biggest impact probably came from retail sales, which soared 17.7% in May. Analysts were already expecting a hefty rebound fro
Social Security is one of the most important programs helping seniors achieve financial security, so there's no wonder there are ample warnings about the program's funding shortfall.
(RTTNews) - New residential construction in the U.S. showed a notable rebound in the month of May, according to a report released by the Commerce Department on Wednesday, although housing starts still came in well below economist estimates.
A few months ago, buying brick-and-mortar apparel stocks might have seemed like a high-risk endeavor. April retail sales were down 16%, with clothing and accessories down 89%, according to data from the U.S. Census Bureau. But with stores starting to reopen across the country,
Everybody enjoys a hearty meal, and the food and beverage industry remains an essential pillar of the economy. There is a wide variety of choice when it comes to meals, but recent shifts in lifestyle habits and beliefs have led to a new movement -- that of plant-based diets. Bey
(RTTNews) - Perrigo Company plc (PRGO) said that it has entered into the cannabidiol or "CBD" market through a strategic investment in and long-term supply agreement with Kazmira LLC, a supplier of hemp-based CBD products free of tetrahydrocannabinol or "THC-free" based in Watki
Market bulls remained in charge in early European dealing with US stick index and other risk assets higher as concerns over coronavirus began to fade on hopes of more efficacious treatment for most severe cases.
The coronavirus pandemic has changed the way we work, play, and invest. Working from home is the new normal. Outdoor walks, at a safe distance from family and friends, have replaced sporting events, happy hours, and backyard barbecues. And investing has evolved, too, as more inv
(RTTNews) - BT plc (BT), NSSLGlobal Ltd and Viasat UK Ltd., a subsidiary of Viasat, Inc. (VSAT), announced an alliance to deliver critical defence satellite communications or SATCOM services, and support modernisation of the UK's defence and space sectors.
LONDON (Reuters Breakingviews) - Covid-19 is hitting United Airlines very hard. The Chicago-based carrier says it is burning through $40 million a day. Fortunately, it can borrow enough money to keep on flying some of its planes. On Monday, United announced that it had r
In recent trading, shares of SVB Financial Group (Symbol: SIVB) have crossed above the average analyst 12-month target price of $218.71, changing hands for $221.81/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade
In recent trading, shares of 2U Inc (Symbol: TWOU) have crossed above the average analyst 12-month target price of $33.88, changing hands for $35.28/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation,
(RTTNews) - Merck (MRK) announced the FDA has approved KEYTRUDA as monotherapy for the treatment of adult and pediatric patients with unresectable or metastatic tumor mutational burden-high solid tumors, as determined by an FDA-approved test, that have progressed following prior
In recent trading, shares of iQIYI Inc (Symbol: IQ) have crossed above the average analyst 12-month target price of $22.47, changing hands for $24.10/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation,
In recent trading, shares of ASGN Inc (Symbol: ASGN) have crossed above the average analyst 12-month target price of $62.43, changing hands for $63.89/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation
Though much attention has been paid to the development of a coronavirus vaccine in the past weeks, companies that are focused on treatments are also making rapid progress. Regeneron Pharmaceuticals (NASDAQ: REGN) is working on two efforts: an antibody cocktail and the repurposin
Government bond yields in the euro area edged up on Wednesday as Germany sold a new 10-year bond and hopes for a rapid economic recovery from the coronavirus shock held sway for now.