Quebec is taking off as a world leader in the aerospace industry with a massive investment and introduction of a new innovation hub. Manufactuing giant Boeing is at the centre of it. Global's Brayden Jagger Haines brings us the latest from the $415-million announcement.
Scotiabank says a “technical issue” has left some customers’ payments, including direct deposits, not being put into their accounts. “We are currently experiencing a technical issue where some of our clients’ inbound payments, including direct deposits and cheque deposits, are not being applied to their accounts,” the bank said in a social media post shortly after 10 a.m. Eastern.
MILAN (AP) — Stellantis CEO Carlos Tavares pledged action to tackle problems in North America and elsewhere Thursday after reporting a plunge in first-half earnings.
The profit-reporting season for oil and gas companies started out in a downbeat mood, but things could be starting to shift.
Strategic petroleum reserve stocks are low and regulatory easing may only significantly boost U.S. long-run supply, the bank said in a client note. Oil prices rose slightly on Friday after the release of U.S. economic data that beat analyst estimates, raising investor expectation for increased crude oil demand from the world's largest energy consumer. Goldman Sachs expects Brent prices to range from $75 to $90 in 2025, assuming trend-like growth in gross domestic product (GDP) and steady oil demand as well as market balancing by the Organization of the Petroleum Exporting Countries and affiliates.
Apple has fallen out of the top 5 ranking of smartphone vendors in China, according to data trackers, marking the first time in years the iPhone maker has fallen so low in one of its most important markets. iPhone shipments in China in the three months ended June declined 2 per cent year on year, bumping Apple down to No 6 on Canalys' list of top vendors by shipments, putting it behind Vivo, Oppo, Honor, Huawei Technologies and Xiaomi, according to a report from the market research firm on Thurs
The Canadian market has shown robust performance, with a 10% increase over the past year and earnings expected to grow by 15% annually. In this thriving environment, dividend stocks like Canadian Natural Resources stand out as appealing options for investors looking for steady income and potential growth.
BEIJING (Reuters) -Apple's smartphone shipments in China fell by 6.7% in the second quarter of 2024, as the tech giant faced intensifying competition from rivals like Huawei, according to data from market research firm Canalys. Apple's total shipments for the quarter ending in June stood at 9.7 million units, down from 10.4 million units in the same quarter last year, Canalys data shows. In contrast, Huawei's smartphone shipments surged 41% year-on-year to 10.6 milion in the quarter, bolstered by the launch of its new Pura 70 series in April.
Serbia's "lithium deal" is coming back as part of an initiative that officials in Brussels, Belgrade and Berlin hope will be a huge green boon for the continent.
American Airlines (AAL) and Southwest Airlines (LUV) shares were initially under pressure in Thursday's pre-market hours after reporting earnings, both seeing a bump higher at the start of regular trading hours. American and Southwest signaled margin headwinds tied to airfare prices and capacity pressures. Boyd Group International President Mike Boyd and Bloomberg Intelligence senior aerospace, defense, and airlines industry analyst George Ferguson come onto The Morning Brief to talk about the state of the airline industry and how these travel conditions could shape the landscape in the latter half of 2024. "Prepare for a bloodbath the rest of the year," Boyd tells Yahoo Finance, his sentiments affirmed by Ferguson's belief that capacity numbers could make it "rough to turn 3Q around, 4Q is always a weak quarter. It's going to be a rough year for the airlines, rougher than I thought." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
BANGKOK (AP) — Shares were mostly higher in Asia on Friday, with major markets apart from Shanghai and Taiwan logging modest gains.
A new report from the Canadian Institute for Health Information has found Ontario now has the lowest ratio of registered nurses in the country. Data shows the province's shortage continues to worsen, dropping to only 651 registered nurses per 100-thousand people. Katherine Ward has this story and more in Health Matters for July 26, 2024.
Over the past year, the Indian stock market has shown robust growth with a 43% increase, despite a recent 2.0% drop over the last seven days. In this context of anticipated earnings growth of 16% annually, dividend stocks can be particularly appealing for investors seeking both stability and potential income in a dynamic market environment.
TOKYO (Reuters) -Japan's Toyota Motor plans to build a battery plant for electric vehicles in the southwestern prefecture of Fukuoka and supply its batteries to a factory that makes luxury Lexus brand cars, the Nikkei business daily reported on Friday. The world's top-selling automaker would seek to make the island of Kyushu where Fukuoka is located a central part of its supply chain for battery-powered vehicles and an export base for Asia, the newspaper said. A Toyota spokesperson said the company was aware of the report, but that it was not something it had announced.
The world's largest air show fizzled out on Thursday with a solid new Saudi jetliner order unable to dispel the gloom over recent problems in producing planes fast enough to meet demand. Britain's Farnborough Airshow opened earlier this week amid alarm signals from airlines over falling yields or average fares. Airbus and Boeing posted about 40 firm orders - a fraction of recent years - and were roughly level depending on whether Qatar Airways' decision to come forward as the previously unnamed buyer for an existing Boeing order was counted.
Japan's Nissan Motor slashed its annual outlook on Thursday after deep discounting in the United States almost completely wiped out the automaker's first-quarter profit. The figures confounded the expectations of analysts who saw profit exceeding last year's, sending Nissan stock plunging 7%. Investors now have to worry about Nissan's prospects in the United States, a fresh concern for an automaker already fighting to turn around its fortunes in another critical market, China.
HOUSTON (Reuters) -Oil futures fell about 1.5% on Friday, finishing the week lower on declining Chinese demand and hopes of a Gaza ceasefire agreement that could ease Middle East tensions and accompanying supply concerns. "Yesterday’s better-than-expected U.S. GDP growth figures initially supported the crude market," said George Khoury, global head of education and research at CFI. "The Chinese demand situation is going down the tubes here and crude oil prices are going down with it," said Bob Yawger, director of energy futures at Mizuho in New York.
Vivo is China's top smartphone seller by shipments, with Huawei, HONOR, Oppo and Xiaomi rounding out the top five, reports Canalys and IDC research.
The Indian market has experienced a notable fluctuation recently, declining by 1.3% over the last week but showing a robust annual growth of 43%. In this dynamic environment, high-yield dividend stocks can be particularly appealing for investors looking for steady income streams, especially with earnings expected to grow by 16% per annum.
Amidst a backdrop of shifting market dynamics, where small-cap stocks are increasingly capturing investor interest as indicated by the Russell 2000's performance, Hong Kong's market presents unique opportunities. Exploring these lesser-known stocks could unveil potential in a landscape where discerning investors seek value and growth away from mainstream options.
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