By Promit Mukherjee and Fergal Smith OTTAWA (Reuters) – The Bank of Canada is shifting its focus to boosting the economy rather than suppressing inflation, which raises prospects of further interest rate cuts in the coming months, analysts say. The Canadian central bank lowered its benchmark rate for a second straight month on Wednesday, cutting…
By Pritam Biswas and Echo Wang (Reuters) -Cold storage real estate investment trust Lineage’s shares gained 5% in their Nasdaq debut on Thursday, signaling investor enthusiasm for the year’s biggest public offering so far. Investors have showed renewed interest for fresh listings in 2024 on hopes of a soft landing for the economy, after the…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The selloff in U.S. stocks is driving record trading options on the Nasdaq 100 Index as the tech-heavy gauge is battered by turbulence in giant tech stocks. The index – in which about 70% of the companies represented are tech – has slipped 7% from its July…
By Suzanne McGee (Reuters) – The nine exchange-traded funds (ETFs) tied to the spot price of ether, the world’s second-largest cryptocurrency, scooped up net inflows of $106 million on Tuesday as they began trading on U.S. stock exchanges, according to data from CF Benchmarks and several trading firms. The funds that pulled in most of…
(Reuters) – Lamb Weston forecast its annual sales and profit below analysts’ expectations on Wednesday, as higher prices of its frozen food products begin to hurt volumes, sending its shares plunging more than 20% in early trading. The company has been increasing prices of its products, including ready-to-cook classic and sweet potato fries to offset…
By Pritam Biswas and Echo Wang (Reuters) -Shares of financial software maker OneStream, backed by private equity firm KKR, rose nearly 30% in their Nasdaq debut on Wednesday, valuing the company at nearly $6 billion. Investors have shown optimism for new listings in 2024 on hopes of a soft landing for the economy, after two…
By Marianna Parraga, Deisy Buitrago and Mircely Guanipa CARACAS/MARACAY (Reuters) -Griselda Ascanio keeps an improvised wood-burning stove ready in her backyard in Maracay, 120 kilometers (75 miles) from Venezuela’s capital, for the frequent gas-supply interruptions that make it difficult to cook. “We cannot just cry about it,” said the 44-year-old administrator, who collects branches that…
By Jason Lange (Reuters) – Vice President Kamala Harris opened up a marginal two-percentage-point lead over Republican Donald Trump after President Joe Biden ended his re-election campaign and passed the torch to her, a Reuters/Ipsos poll found. The poll, conducted on Monday and Tuesday, followed both the Republican National Convention where Trump on Thursday formally…
By Ankika Biswas and Lisa Pauline Mattackal (Reuters) – U.S. stocks were flat to higher on Tuesday as investors awaited Alphabet and Tesla earnings later in the day to gauge if the recent market rally has momentum to spare, while United Parcel Service and NXP Semiconductors plummeted after poor results. United Parcel Service, seen as…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Traders in the options market expect Tesla shares to swing by nearly 10% in either direction by Friday, options data showed. That is roughly in line with the stock’s average move of about 10.1% after the company’s last eight quarterly earnings reports, according to Trade Alert data….
