Small market reaction to ECB, which says 'disinflation is on track'
The euro edged lower while 2-year German bund yields were little changed in reaction to the European Central Bank's quarter-point rate reduction. "The disinflation process is well on track," said the ...
Allegiant Boosts 4Q Outlook; Latest Airline to See Stronger Travel Demand
The Las Vegas company Thursday said it now expects its fourth-quarter consolidated earnings to come in at $1.75 to $2.25 a share, up from previous guidance for zero to $1 a share. Analysts polled by ...
ECB lowers rates by a quarter-point
The European Central Bank cut interest rates by 25 basis points. Only one bank, JPMorgan, had forecast a 50 basis-point reduction. More to come.
PPI inflation report is rarely a Fed game changer
Investors still expect the Federal Reserve to cut interest rates next week even [after a somewhat hottish rise in the consumer price index]( ...
Oil prices climb as supply concerns remain front-and-center
Oil prices were higher in recent trade Thursday as talk of new curbs on Russian and Iranian supply helped keep the price of U ...
Cineplex Sees Higher November Box Office Thanks to Wicked, Gladiator II Dual-Debuts
Cineplex' November box office revenue was higher thanks to big blockbuster releases that brought moviegoers to the big screens. Big movie titles helped prop up the month's box office revenue, with the ...
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Bausch Says Potential Sale of Bausch + Lomb Still On Table
Bausch Health said a potential sale of its subsidiary Bausch + Lomb is still on the table following a report that one suitor might back out of a joint bid to acquire the eye-health company. The ...
Frontera Energy Sets Higher Output Targets in 2025 Outlook
The Calgary, Alberta-based energy company said on Thursday that it expects to deliver a full-year output of between 41,000 and 43,000 barrels of oil equivalent a day in the year. At the midpoint, this ...
Warren Buffett’s portfolio tells all you need to know about the market’s next move
Why Berkshire Hathaway’s cash and short-term holdings suggest that stocks are overvalued and lower prices are coming.
Mexican Industrial Production Falls in October
MEXICO CITY--Mexican industrial production slid in October from the previous month with declines in mining and manufacturing output offsetting gains in construction and utilities. Industrial ...
Keros Shares Dive on Halt to Trial of Pulmonary Hypertension Treatment
The company said the unanticipated events of pericardial effusion--when fluid builds up in the space around the heart--came in the Phase 2 clinical trial of 3 milligrams per kilogram and 4.6 mg/kg ...
Volex Ends Takeover Bid for TT Electronics
TT Electronics last month rejected the power and data-cabling company's latest bid of 248.6 million pounds ($317 million). Volex had made two proposals, one implying a price of 129.0 pence for each TT ...