The past week delivered a mix of market gains, corporate surprises, and political upheavals across the globe. US equities posted their strongest performance in weeks, while Oracle’s cloud backlog announcement sent its stock soaring. In politics, the assassination of Charlie Kirk shocked Washington, Apple unveiled its latest iPhone lineup, and…
UniCredit Chief Executive Andrea Orcel signalled that the Italian lender might contemplate unloading its large holding in Germany’s Commerzbank to a non-EU buyer if the price is right and shareholders are on board. The comments underline both the ambitions and the limits of UniCredit’s ambition to reshape its European role,…
Tesla shareholders will vote this November on a proposal urging the company to invest in Elon Musk’s AI startup, xAI, as part of ongoing discussions about the automaker’s long-term strategy. The proposal, submitted by Stephen Hawk, a 56-year-old psychiatrist and long-time Tesla investor, highlights growing shareholder interest in aligning Tesla’s…
British supermarket group J Sainsbury is in discussions with Chinese e-commerce giant JD.com about a potential sale of its Argos general merchandise business. The talks, confirmed by Sainsbury’s on Saturday, come almost a decade after the retailer acquired Argos for £1.4 billion in 2016. While no agreement has been reached,…
Despite record highs in major US indexes, signs of economic deceleration are surfacing.Yet, optimism is building around a potential rate cut from the Federal Reserve, which could inject fresh momentum into the US economy.Morgan Stanley believes this environment favours select small- and mid-cap names that remain overlooked but are primed…
The past week delivered a mix of market gains, corporate surprises, and political upheavals across the globe. US equities posted their strongest performance in weeks, while Oracle’s cloud backlog announcement sent its stock soaring. In politics, the assassination of Charlie Kirk shocked Washington, Apple unveiled its latest iPhone lineup, and…
Canadian stocks are firing on all cylinders this year, despite the headwinds brought by Donald Trump’s tariffs. The TSX Composite Index jumped to a record high of $29,283, up by 31% from its lowest level this year. This article highlights some of the top catalysts to watch this week.Canada inflation…
Brazil’s central bank will most likely keep the benchmark Selic interest rate at 15% on September 17, the second decision after the July hiatus in the tightening cycle.The Monetary Policy Committee, or Copom, tightened rates by 450 bp since Sept/2024, before a pause two months ago. In the most recent…
The Bank of Canada is expected to lower its overnight rate by 25 basis points at its upcoming policy meeting, as weakening labour market conditions and slowing economic activity add pressure for monetary easing, as per a Reuters poll. A majority of analysts also anticipate at least one more cut…
The outlook for the US auto industry is improving, according to Barclays, which upgraded shares of General Motors and Aptiv on Friday. Analyst Dan Levy raised his rating on both companies to Buy from Hold and shifted his broader industry view to Neutral from Negative, citing better-than-expected resilience in the…