Financial News

Canada’s Economy Sheds Jobs in July, Unemployment Rate Rises to 5.7%

Canada’s Economy Sheds Jobs in July, Unemployment Rate Rises to 5.7%

Canada’s economy unexpectedly shed jobs in July with the biggest decline seen in the services-producing sector while the overall unemployment rate rose, government data showed. Employment fell by 24,200 jobs last month, Statistics Canada said on Friday. The Econoday consensus was for an increase of 6,000 jobs and in June, the country lost 2,200 jobs. The unemployment rate increased by […]

Wynn Resorts Earnings Beat in Second Quarter on Broadbased Revenue Growth

Wynn Resorts Earnings Beat in Second Quarter on Broadbased Revenue Growth

Wynn Resorts (WYNN), a developer and operator of hotels and casinos, reported late on Tuesday second-quarter earnings that beat the market’s guidance as sales grew from a year ago on the back of broadbased growth across “all” of the group’s properties. Operating revenue at the Las Vegas-based company rose by 3.3% to $1.66 billion during the three months that ended […]

Narrow Decline for Financial Stocks in Afternoon Trading

Narrow Decline for Financial Stocks in Afternoon Trading

Top Financial Stocks JPM +0.46% BAC +0.80% WFC -0.14% C +0.98% USB +0.62% Financial stocks were declining in afternoon trading, including a 0.1% slide for the NYSE Financial Index while shares of financial companies in the S&P 500 were edging almost 0.1% higher. The Philadelphia Housing Index was sinking 1.3%. Among financial stocks moving on news: (-) American Assets Trust […]

Major Market Indexes Tumble Friday Ending May With Steep Losses

Major Market Indexes Tumble Friday Ending May With Steep Losses

Stocks closed sharply lower Friday after the US threatened to impose tariffs on goods from Mexico, potentially opening a new trade war front. The Friday slump is emblematic of the month of May for stocks. The Dow Jones Industrial Average fell 1.4% while the S&P 500 slumped 1.3%. The Nasdaq Composite Index surrendered 1.5%. The major market indexes all closed […]

S&P 500 Posts 2.6% Weekly Decline, 6.6% Monthly Drop

S&P 500 Posts 2.6% Weekly Decline, 6.6% Monthly Drop

The Standard & Poor’s 500 index closed Friday’s session down 2.6% on the week and recorded its first monthly drop since December as worries about trade tensions increased amid new threats by the US on Mexico. The index ended the week at 2,752.06, down from last week’s closing level of 2,826.06 and marking its largest weekly drop since the week […]

Nasdaq Delists Intellipharmaceutics, Aceto, GTY Technology’s Warrant

Nasdaq (NDAQ) on late Friday said it will delist two medical companies, namely Intellipharmaceutics International (IPCI) and Aceto (ACET), as well as the warrant of GTY Technology Holdings (GTYHW). According to a statement, Intellipharmaceutics International’s stock was suspended on March 21 and has not traded on Nasdaq since that time, and Aceto’s stock was suspended on April 3 and has […]

Bond Prices Extend Rally Late, Settle Near Highs; Curve Steeper

US Treasury prices took off Friday following an overnight rally on the threatened Mexican trade tariffs and extended gains into the close with the 2-year holding a significant lead while the long bond was the laggard, steepening the curve. The market was able to add to the upside on the break in equities as flight-to-quality and month-end buying boosted prices […]