News Results

Gold prices were higher midafternoon on Thursday as the dollar and treasury yields weakened as oil prices dropped after Israel and Lebanon reached a ceasefire agreement, lowering the inflation fears that have kept the precious mental rangebound since the start of the war between the United States and Iran. Gold for July delivery was last seen up US$40.50 to US$4,507.40 per ounce.

Financial stocks were higher in Thursday afternoon trading, with the NYSE Financial Index rising 2.2% and the State Street Financial Select Sector SPDR ETF climbing 2.5%. The Philadelphia Housing Index increased 0.5%, and the State Street Real Estate Select Sector SPDR ETF added 1%. Bitcoin was falling 1.4% to $63,157, and the yield for 10-year US Treasuries decreased 2.2 basis points to 4.469%...

Financial stocks were higher in Thursday afternoon trading, with the NYSE Financial Index rising 2.2% and the State Street Financial Select Sector SPDR ETF climbing 2.5%. The Philadelphia Housing Index increased 0.5%, and the State Street Real Estate Select Sector SPDR ETF added 1%. Bitcoin was falling 1.4% to $63,157, and the yield for 10-year US Treasuries decreased 2.2 basis points to 4.469%...

Canada updates the Labour Force Survey for May on Friday at 8:30 a.m. ET, said Scotiabank. Consensus sits at a 10,000 gain in jobs, with most expecting a rise except for an anonymous entry, noted the bank. Scotiabank estimates a 25,000 increase, with an unchanged unemployment rate of 6.9%. May is when university and college grads heave a sigh of relief after completing exams, pointed out the bank.

IQVIA (IQV) said Thursday that a subsidiary has priced an offering of 950 million euros of 4.625% senior notes due June 15, 2033. Proceeds will be used to refinance its debt, the company said. IQVIA (IQV) shares were up about 3% in morning trading. Price: 187.71, Change: +5.66, Percent Change: +3.11. MT Newswires does not provide investment advice.

Treating the current tariff environment as permanent, the Canadian Parliamentary Budget Officer now projects real gross domestic product growth of 1.1% for this year and 1.6% in 2027, down from 1.3% and 1.8%, respectively, from its September 2025 outlook.

Gold prices rose early on Thursday as the dollar and treasury yields weakened as oil prices dropped after Israel and Lebanon reached a ceasefire agreement, lowering the inflation fears that have kept the precious mental rangebound since the start of the war between the United States and Iran. Gold for July delivery was last seen up US$59.10 to US$4,526.00 per ounce.

US initial jobless claims rose to a level of 225,000 in the week ended May 30 from a downwardly revised 212,000 level in the previous week, compared with expectations for a 215,000 level in survey of analysts compiled by Bloomberg as of 7:30 am ET. The four-week moving average jumped by 6,500 to 214,750 after increasing by 5,500 to a level of 208,250 in the previous week.

The Canadian economy hit a clear soft patch at the start of 2026, as confirmed by last week's gross domestic product, said Scotiabank. GDP was essentially flat in Q1, coming in below all expectations and pointing to softer underlying demand pressures, noted the bank. That said, the headline weakness should be interpreted with "caution," stated Scotiabank.

CES Energy Solutions (CESDF) entered into an underwriting agreement with a syndicate of underwriters to sell, pursuant to a private placement, $300.0 million of its 5.625% senior unsecured notes due June 15, 2033, it said overnight Wednesday. The offering is expected to close on or about June 15, subject to closing conditions.

Celcuity (CELC) said late Wednesday it has priced an upsized offering of $500 million of its 0.25% convertible senior notes due 2032. Underwriters have been granted a 30-day option to purchase up to an additional $75 million of the notes.

Financial stocks fell in late Wednesday afternoon trading with the NYSE Financial Index decreasing 1% and the State Street Financial Select Sector SPDR ETF shedding 1.1%. The Philadelphia Housing Index dropped 0.4%, and the State Street Real Estate Select Sector SPDR ETF rose 0.2%. Bitcoin fell 2.5% to $65,538.2, and the yield for 10-year US Treasuries rose 3.6 basis points to 4.49%. In economi...

Financial stocks were lower in late Wednesday afternoon trading, with the NYSE Financial Index decreasing 0.9% and the State Street Financial Select Sector SPDR ETF shedding 1.1%. The Philadelphia Housing Index was down 0.7%, and the State Street Real Estate Select Sector SPDR ETF was up 0.3%. Bitcoin was falling 2.5% to $65,538.2, and the yield for 10-year US Treasuries rose 3.6 basis points t...

US economic activity increased at "a slight to moderate" pace in 10 of the 12 Federal Reserve districts since mid-April, though underlying signs were less encouraging, the Fed's latest Beige Book released Wednesday showed.

Financial stocks were lower in Wednesday afternoon trading, with the NYSE Financial Index decreasing 0.8% and the State Street Financial Select Sector SPDR ETF shedding 0.9%. The Philadelphia Housing Index was down 0.9%, and the State Street Real Estate Select Sector SPDR ETF was up 0.7%. Bitcoin was falling 2.4% to $65,724, and the yield for 10-year US Treasuries was rising 5 basis points to 4...

Financial stocks were lower in Wednesday afternoon trading, with the NYSE Financial Index decreasing 0.8% and the State Street Financial Select Sector SPDR ETF shedding 1%. The Philadelphia Housing Index was down 0.9%, and the State Street Real Estate Select Sector SPDR ETF was up 0.6%. Bitcoin was falling 1.2% to $65,838, and the yield for 10-year US Treasuries was rising 4 basis points to 4.4...

The US services sector saw continued expansion in May, with Institute for Supply Management data showing a faster growth rate sequentially, but S&P Global (SPGI) pointing to a deceleration. The ISM's purchasing managers' index rose to 54.5 last month from 53.6 in April.

Canada's gross domestic product has now contracted for two consecutive quarters and the recession word is making the rounds again, said TD after Friday's Q1 GDP data. Defining a recession in Canada isn't as straightforward as the popular "two consecutive quarters of negative GDP" rule of thumb, writes the bank in a note to clients.

All three major US stock indexes were down late-morning Wednesday, as oil prices and US Treasury yields rose amid concerns about the ongoing conflict between the US and Iran. In company news, Alphabet upsized its equity capital raise to $84.75 billion from the previously announced $80 billion, according to a regulatory filing Tuesday.

The Organization for Economic Co-operation and Development lowered its global economic growth projection for 2026, cautioning that the fallout from the Middle East conflict may linger for some time even after its resolution.

Canada's Q1 gross domestic product weakness prompts UBS to lower its 2026 growth forecast to 1.0%, although the headline technical recession overstates the degree of underlying softness given volatile trade and inventory swings. While the picture isn't all negative, the bank has lowered its forecast for real GDP growth in 2026.

The Institute for Supply Management's US services index rose to a reading of 54.5 in May from 53.6 in April, compared with expectations for a smaller increase to a reading of 53.8 in a survey compiled by Bloomberg.

ADP's monthly measure of private payrolls showed a 122,000 increase in May, slightly above expectations compiled by Bloomberg as of 7:30 am ET for an increase of 120,000.

Celcuity (CELC) said Wednesday it plans to issue $400 million in convertible senior notes due 2032 through an underwritten public offering. The company said it intends to grant underwriters a 30-day option to purchase up to an additional $60 million of notes for over-allotments. Celcuity (CELC) said the terms, including interest and conversion rates, will be determined at pricing.

Societe Generale in its early Wednesday economic news summary pointed out: -- Bond yields, US dollar carry over gains after the strongest gain in JOLTS job openings since April 21. -- ECB: European Central Bank Governing Council member Pierre Wunsch repeats case for June rate hike in FT, says if the U.S. and Iran agree to a peace deal, the discussion "might be a bit less easy.

Cemex priced a $1.5 billion offering of its 5.75% senior notes due June 5, 2036, at 99.572% of face value, the company said late Tuesday. Cemex expects the offering to close Friday and plans to use the net proceeds for general corporate purposes. MT Newswires does not provide investment advice.

IQVIA (IQV) plans to raise 950 million euros through an offering of senior notes due 2033, the company said Wednesday. The proceeds from the debt offering will be used to refinance other debt, the company said. MT Newswires does not provide investment advice.

Financial stocks were higher in late Tuesday afternoon trading, with the NYSE Financial Index rising 0.7% and the State Street Financial Select Sector SPDR ETF increasing 0.3%. The Philadelphia Housing Index was adding 0.8%, and the State Street Real Estate Select Sector SPDR ETF was up 0.4%. Bitcoin was dropping 6.5% to $66,793, and the yield for 10-year US Treasuries decreased 2.4 basis point...

The Federal Reserve may need to raise interest rates should inflationary pressures persist, Cleveland Fed President Beth Hammack said Tuesday.

Financial stocks were advancing in late Tuesday afternoon trading, with the NYSE Financial Index rising 0.6% and the State Street Financial Select Sector SPDR ETF increasing 0.2%. The Philadelphia Housing Index was adding 0.7%, and the State Street Real Estate Select Sector SPDR ETF was up 0.3%. Bitcoin was dropping 5.9% to $67,131, and the yield for 10-year US Treasuries decreased 2 basis poin...

Based on data from the Real Estate Board of Greater Vancouver, National Bank of Canada's preliminary estimate is that seasonally adjusted home sales edged up 0.5% from April to May, the first increase in three months.

Financial stocks were advancing in Tuesday afternoon trading, with the NYSE Financial Index rising 0.5% and the State Street Financial Select Sector SPDR ETF increasing 0.2%. The Philadelphia Housing Index was adding 0.7%, and the State Street Real Estate Select Sector SPDR ETF was up 0.4%. Bitcoin was dropping 5.9% to $67,321, and the yield for 10-year US Treasuries was decreasing 1.6 basis po...

Financial stocks were advancing in Tuesday afternoon trading, with the NYSE Financial Index rising 0.4% and the State Street Financial Select Sector SPDR ETF increasing 0.1%. The Philadelphia Housing Index was adding 0.6%, and the State Street Real Estate Select Sector SPDR ETF was up 0.3%. Bitcoin was dropping 5.2% to $67,610, and the yield for 10-year US Treasuries was decreasing 1.6 basis po...