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USD/CAD slides to fresh multi-week lows, approaching 1.3400 mark

2020-07-22
By: Staff Writer

  USD/CAD remained under some selling pressure for the third straight session on Wednesday. The impasse over US fiscal stimulus, surging COVID-19 cases continued weighing on the USD. Bulls seemed rather unimpressed by sliding oil prices, which tend to undermine the loonie. Increasing selling pressure around the greenback pushed theRead More →

Xilinx pumps the brakes on data-center, 5G hype as stock slides 9%

2020-01-29
By: Staff Writer

Xilinx Inc. shares are headed for their fourth post-earnings drop in as many quarters, prompting analysts to hope this is the last time the company will reset its bar lower. Though the company topped earnings expectations for its fiscal third-quarter in a late Tuesday report, it issued a disappointing forecastRead More →

AMD stock slides as outlook falls below Wall Street view

2020-01-28
By: Staff Writer

Advanced Micro Devices Inc. shares declined in the extended session Tuesday after the chip maker’s outlook fell below Wall Street estimates and data-center sales did not come in as well as expected. AMD AMD, +2.58%  shares declined 2% after hours, following a 2.6% rise in the regular session to closeRead More →

British stocks rise in new year rally but pound slides on hard Brexit fears

2020-01-02
By: Staff Writer

British stocks began the new year with a bang on Thursday but the pound slipped as 2020 started with the same old Brexit fears. The internationally-exposed FTSE 100 UKX, +0.89%   jumped 0.9% led by strong gains for mining stocks as China’s central bank cut its reserve requirement ratio forRead More →

Zoom’s ‘perfection still isn’t enough,’ analyst says as stock slides 9%

2019-12-06
By: Staff Writer

Bernstein analyst Zane Chrane is shaking his head at Zoom Video Communications Inc.’s 9% stock slide Friday, after the company topped expectations with its latest results and outlook. He titled his note to clients, “Sometimes perfection still isn’t enough,” while arguing that consensus estimates “very likely reflect some mismodeling byRead More →

Aurora Cannabis stock slides after dilutive bond deal, drags broader sector lower

2019-11-25
By: Staff Writer

Cannabis stocks were mostly lower Monday, with Aurora Cannabis slumping after the company carried out a convertible debt swap that is highly dilutive for its shareholders. Aurora stock ACB, -5.93% ACB, -4.89%  fell 3.7% after it set the early conversion price for C$230 million ($173 million) of 5% convertible bondsRead More →

Pound slides after DUP says it won’t agree to current Brexit deal

2019-10-17
By: Staff Writer

Wild gyrations seen this week for the British pound continued Thursday, with the currency falling anew after a key group of Northern Ireland politicians said they can’t support U.K. Prime Minister Boris Johnson’s current Brexit plan. The pound GBPUSD, -0.2495%  slid 0.6% to $1.2755, from $1.2828 seen late Wednesday inRead More →

Corona beer parent stock slides 7% as cannabis investment weighs on earnings

2019-10-03
By: Staff Writer

Constellation Brands Inc. stock fell 7% Thursday to lead S&P 500 decliners, after the distributor of Corona beer swung to a big loss in its fiscal second quarter as it booked charges related to an investment in a Canadian cannabis company. Victor, New York-based Constellation Brands STZ, -4.99%, which alsoRead More →

Japan Stocks Pare Gains After BOJ; Aussie Slides: Markets Wrap By Bloomberg

2019-09-18
By: Staff Writer

(Bloomberg) — Japanese stocks pared gains and the yen climbed after the Bank of Japan left its policy settings unchanged while noting rising risks from overseas. Australia’s dollar slumped after the unemployment rate rose. U.S. stock futures retreated, Hong Kong shares slumped and China’s yuan dropped as investors took stockRead More →

Cannabis stocks slammed as Dow sinks, Tilray slides 12% after earnings disappoint

2019-08-14
By: Staff Writer

Cannabis stocks were mostly lower Wednesday, weighed down by pressure in the broader markets after the yield curve inverted and a steep selloff in Tilray shares following earnings. The Dow Jones Industrial Average DJIA, -2.45%  was down more than 500 points at last check, after the U.S. 2-year Treasury noteRead More →

S&P 500 sets fresh high as 10-year Treasury yield slides to new two-year low

2019-07-02
By: Staff Writer

The S&P 500 index clinched another all-time high on Tuesday afternoon, even as trading in assets perceived as safe havens, like U.S. Treasuries, benefitted from pessimism about the global economic outlook and the prospect of an ongoing trade war with China. How are benchmarks faring? The Dow Jones Industrial AverageRead More →

Home builder sentiment slides as old worries plague construction industry

2019-06-17
By: Staff Writer

Bloomberg News/Landov A construction worker works on a new home for developer KB Home in Valencia, California. The numbers: U.S. home builder confidence fell two points to 64 in June, as measured by the National Association of Home Builders’ index. That missed the consensus forecast of a one-point increase. AnyRead More →

Tableau, Tilray Soar in Premarket, UTX, Raytheon Gain, Salesforce Slides By Investing.com

2019-06-10
By: Staff Writer

© Reuters. Investing.com – Stocks in focus in premarket trade Monday: • United Technologies (NYSE:) stock and Raytheon (NYSE:) stock gained 2.4% and 8.7%, respectively, by 7:55 AM ET (11:55 GMT) after the two companies that would create an aerospace and defense giant worth about $121 billion. • Tableau SoftwareRead More →

Probe begins after Boeing 737 slides off runway into Florida river By Reuters

2019-05-04
By: Staff Writer

© Reuters. Aerial view of the Miami Air International Boeing 737-800 that overran the runway at NAS Jacksonville By Brendan O’Brien (Reuters) – Federal investigators on Saturday began searching for what caused a Boeing (NYSE:) jetliner with 143 people on board to slide off a runway into a shallow riverRead More →

Goldman offers fresh details on overhaul progress as revenue slides By Reuters

2019-04-15
By: Staff Writer

© Reuters. The ticker symbol and logo for Goldman Sachs is displayed on a screen on the floor at the NYSE in New York By Elizabeth Dilts and Aparajita Saxena (Reuters) – Goldman Sachs Group Inc (NYSE:) offered new tidbits about its sweeping operational overhaul when reporting first-quarter results onRead More →

Oracle stock slides on outlook after once again riding stock buybacks to earnings beat

2019-03-14
By: Staff Writer

Oracle Corp. shares declined in the extended session Thursday after the enterprise software company forecast its outlook, after the company topped Wall Street estimates again amid a wave of stock buybacks. Oracle shares ORCL, -0.02% , which had bounced up and down about 1% after hours before the outlook wasRead More →

Euro slides to four-month low as ECB says rates will be lower for longer

2019-03-07
By: Staff Writer

The euro on Thursday fell to its lowest level versus the dollar in four months after the European Central Bank said its ultralow interest rates until after the end of the year — an extension from before — and said a new long-term refinancing program for eurozone banks was coming.Read More →

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