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…
UK’s Investment Security Unit (ISU) has cleared IonQ Inc’s (NYSE: IONQ) more than $1.0 billion acquisition of Oxford Ionics. The quantum computing stock soared nearly 20% on the news today.The regulatory green light removes the final hurdle for the aforementioned transaction, which now looks set to close imminently.Today’s rally pushed…
A stagnant UK economy, renewed urgency in India’s trade negotiations with the European Union, a delay in EU climate policy talks, and a sharp decline in Ocado shares defined the day’s key economic and business developments.UK growth stalls in JulyThe UK economy showed no growth in July, according to the…
Friday’s news wrap covers major developments shaping global politics, technology, and security. A suspect has been arrested in the murder of conservative activist Charlie Kirk, sparking outrage.Meanwhile, the FTC is probing Amazon and Google’s ad practices, Nvidia and OpenAI are backing UK AI hubs, and the US urges G7 allies…