Baystreet.ca – Futures linked to Canada’s main stock index rose on Thursday, boosted by higher crude prices, while investors looked forward to key U.S. data. The roared ahead 208.08 points to close Wednesday at 23,211.17. September futures on the S&P/TSX index were up 0.6% Thursday. The faded 0.03 cents to 73.61 cents U.S. The energy sector was in focus as oil prices extended their rebound amid concerns over Hurricane Francine’s impact on U.S. output. In corporate news, convenience store operator Alimentation Couche-Tard is discussing how much it could raise the offer price to buy Japan’s Seven & i Holdings, Bloomberg…
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Yuma stands to save $72 million if the city buys back revenue bonds that it previously issued.Rates have increased and prices have decreased since the city priced its bonds in February 2021. This means the bonds are currently trading at lower prices than when they were originally sold. The city can now buy its bonds back at a lower price than they were originally sold.Representatives from Stifel, an investment bank and financial services company, attended the council meeting on Sept. 4 to explain the opportunity.As long-term investments mature, the city’s Finance Department works to repurpose the cash earned into other…
How much is gold per ounce? As of 9 a.m. ET, gold was trading at $2,575.89 per troy ounce. That price represents a change of 1.87% from the same time yesterday. Since the start of the year, the price has shifted up 24.66%. Over the last day, the lowest price for an ounce of gold was $2,522.74. The highest price in the previous 24 hours: $2,583.36. USA TODAY Blueprint may earn a commission from this advertiser. Gold spot prices XAU/USD is the label for finding the spot gold price traded in U.S. dollars. In this case, gold (XAU) is traded…
AndreyKrav/iStock, Michael M. Santiago/Getty, Tyler Le/BINvidia’s stock rally has another 12-18 months left to go, according to S&P Global’s Andrew Chang.The stock has at least another year of “strong runaway” amid big demand for its chips, Chang said.He aired concerns over AI investment pulling back in future quarters, which could impact shares.Nvidia stock has a lot more room to climb — and shares of the market’s most popular chip maker are bound to soar for at least another year, according to Andrew Chang, a technology director at S&P Global Ratings.The banking veteran pointed to recent comments from Jensen Huang, who…
This week saw significant movements in global markets, driven by rate cuts from the European Central Bank (ECB) and anticipation of a rate cut from the Federal Reserve. U.S. stocks rebounded, European stocks gained, Japan faced mixed performance, and Chinese stocks declined. Key economic indicators and policy decisions shaped market sentiment across different regions.United States Stocks Rebound After Sell-Off: U.S. stocks posted solid gains, recovering from the previous week’s steep losses. Growth stocks outpaced value shares, with technology stocks leading the way. NVIDIA’s positive outlook on artificial intelligence was a significant contributor.Core Inflation Slightly Higher Than Expected: Core consumer inflation…
Shares of Yellow fell 90% Friday afternoon following a Delaware court’s decision on its pension liabilities. (Photo: Jim Allen/FreightWaves)A Delaware bankruptcy court provided some clarity late Friday regarding $6.5 billion in withdrawal liability claims against Yellow Corp. The total amount the bankrupt less-than-truckload company will actually pay, however, remains to be decided. The mere fact that the estate will have to make good on some portion of the claims sent Yellow’s stock spiraling.Shares of Yellow (OTC: YELLQ) fell 90% on Friday to 50 cents per share as stockholders realized their bet that the company’s asset value would exceed amounts owed…
(Bloomberg) — Bond traders are once again ramping up wagers on a half-point interest-rate cut by the Federal Reserve next week, just days after that bet seemed all-but-over.Most Read from BloombergThe likelihood of a 50-basis-point move climbed to 40% on Friday, up from as low as 4% earlier in the week. The repricing added to a rally in US government bonds, lifted small-cap stocks and weighed on the dollar.This shift marks a rapid about-face for traders who earlier this week had almost completely discounted the possibility of a large cut in the wake of hotter-than-forecast consumer-prices data and signs the…
Businesses and a charity said a lane reduction on a major A-road across a river had disrupted trade and cost them extra time and money.The westbound carriageway of the A14 Orwell Bridge, near Ipswich, was reduced to a single lane on 6 September, after a routine inspection discovered the “potentially unsafe condition” of a joint.Mike Barrett from the food charity FareShare East Anglia, based in Ipswich, said its fuel bill had increased due to its drivers “having to change routes from the shortest most positive route to try and avoid the jams”.A taxi driver, said the time of his journeys…
Matt Stroshane/Getty, Tyler Le/BIAI stocks like Nvidia, Super Micro Computer, and Broadcom soared nearly 20% this week.The rally was sparked as Oracle and Nvidia executives addressed concerns about AI returns.Oracle shares surged by 24% after Larry Ellison’s bullish comments on AI’s long-term potential.The stock market’s artificial-intelligence trade was revived this week, with shares of AI stalwarts like Nvidia, Super Micro Computer, and Broadcom soaring by nearly 20%.AI-related names and semiconductor shares were caught in a slump after Nvidia reported its second-quarter earnings two weeks ago. Nvidia shares slid sharply after the company failed to meet sky-high expectations, leading investors to…
As the cooler Colorado evenings set in, it’s evident football season is in full swing. For Denver singer-songwriter and entrepreneur Dre Lane, this means he gets to watch his favorite football player — his son Mario Lane. CBS “We call him deuce deuce,” said Dre.Since Mario was 4 years old, his dad Dre made sure he was on the field. Entering his junior year at Cherokee Trail High School, this season is special for them for more reasons than one. “It really just transcends through my soul. You know, being able to be out here and watch him compete with…