September 18, 2022 3:39 pm
Walt Disney Co (DIS) pulled earlier this week the “Star Wars” movie “Rogue Squadron” from its 2023 film schedule. The company provided no indication on when a new movie in the blockbuster franchise would be released. This would have been the first “Star Wars” movie to hit theaters since “The Rise of Skywalker” was released […]
Read moreSeptember 16, 2022 10:04 am
General Motors Co (GM) on Thursday announced plans to invest $491 million in its Marion metal stamping facility in Indiana to bolster production of steel and aluminum stamped parts for future products, including EVs. The auto maker said it would buy and install two new press lines, complete press and die upgrades, renovations and expand […]
Read moreSeptember 15, 2022 6:44 pm
CI Financial Corp (CIX) on Thursday reported preliminary total assets of CAD 345.9 billion as of August 31st. That represents a 16.7% decrease compared to August 2021. The company’s assets under management dropped to CAD 119.0 billion in August from CAD 121.4 billion in July and CAD 142.9 billion in August 2021. That amount includes […]
Read moreSeptember 15, 2022 8:55 am
Spot Gold extended recent string of losses and registered a fresh eight-week low on Thursday, as the US Dollar attempted to re-visit multi-decade highs driven by expectations of super-sized interest rate hikes by the Federal Reserve. “The Fed needs to shock the economic system hard and the chance of a 100-basis-point rate rise is a […]
Read moreSeptember 14, 2022 2:50 pm
Volcon Inc (VLCN), the first all-electric, off-road powersports company, said on Wednesday that it had appointed Katie Hale as its Chief Marketing Officer. Prior to this appointment, Hale was head of outdoor sports marketing for Atlanta-based consulting company The Virtus Solution. Before that, she led marketing teams for iconic outdoor brands such as Remington Outdoor […]
Read moreSeptember 14, 2022 8:57 am
USD/JPY distanced from a 24-year peak on Wednesday, after the Nikkei website, citing unidentified sources, reported the Bank of Japan had conducted a rate check, while obviously preparing for currency intervention. A BoJ rate check, where central bank officials call up dealers and ask for the price of buying or selling Yen, is considered as […]
Read moreSeptember 13, 2022 10:35 am
Nissan Motor Co Ltd (7201) said on Monday that it would extend its suspension of an assembly facility in Saint Petersberg, Russia, for three months until December. The facility was idled in March following Russia’s incursion into Ukraine and was initially slated to resume operations in late September. Plant suspension was extended due to persisting […]
Read moreSeptember 13, 2022 8:46 am
Magna International Inc (MGA), a leading mobility technology company, said this week it had invested $77 million in Yulu, India’s largest electrified shared mobility provider. As part of the deal, Magna will acquire a stake in Yulu and will have a seat on its board of directors. Additionally, Magna and Yulu said they had founded […]
Read moreSeptember 12, 2022 11:23 am
Kroger Co (KR) on Friday revised up its annual sales and earnings forecasts on robust demand for groceries and household essentials. Kroger posted a 56.5% surge to $731 million in its net income attributable to shareholders during the second quarter. Excluding special items, the company earned $0.90 per share, while exceeding Wall Street estimates of […]
Read moreSeptember 12, 2022 8:38 am
EUR/USD climbed to highs not seen in more than three weeks on Monday, as European Central Bank officials added to prospects of further aggressive policy tightening. ECB policy makers said that they would need to raise the benchmark interest rate to 2% or even higher in order to curb record inflation in the Euro Area. […]
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