News
Nike Inc. Shares Plummet on Disappointing Earnings Report
Nike Inc. experiences significant decline in stock value, leading to largest one-day selloff in 26 years. Despite setback, analyst maintains buy recommendation on the stock.
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Canadian Stocks Rebound despite Late Wednesday Selloff
Canadian stocks rebounded after a late Wednesday selloff, fueled by growth in retail sales and strong performance in most sectors. The S&P/TSX Composite Index and the S&P/TSX 60 showed gains, while BlackBerry faced challenges with lower revenue forecast. Key market movers included Crescent Point Energy, Energy Fuels, and Galiano Gold.
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Eni Announces Sale of Stake in Plenitude to Energy Infrastructure Partners
Italian oil-and-gas major Eni sells a minority stake in low-carbon unit Plenitude to Energy Infrastructure Partners, with potential for IPO. The deal strengthens Plenitude's balance sheet and supports its strategic plan.
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A Rock Royalty Retreat: Rod Stewart's Pricey Paradise
Rock legend Rod Stewart is selling his extraordinary English country-style estate in Beverly Hills for $80 million. The sprawling property features nine bedrooms, luxury amenities, and meticulously landscaped grounds. Explore the stunning residence owned by rock royalty.
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Pacific Smiles Rejects Takeover Proposal
Australian dentistry chain Pacific Smiles rejects takeover offer but open to improved proposal. Strong financial performance and expected earnings growth discussed.
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Gildan Activewear Stands By New CEO in Face of Opposition
Gildan Activewear confirms support for new CEO Vince Tyra amidst controversy with former chief Glenn Chamandy and opposition from investors.
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The Impact of Inflation on the UK Economy
Inflation in the UK has reached its lowest level in over two years, leading to speculation of interest rate cuts. The pound weakens and government bond yields drop as traders anticipate measures to support the economy.
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Raiffeisen Bank International to Acquire Stake in Strabag
Raiffeisen Bank International (RBI) plans to acquire a stake in Austrian construction company Strabag, optimizing its portfolio and focusing on core markets. This strategic move allows RBI to extract equity from its Russian subsidiary and reduce capital in Russia.
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Colorado Supreme Court Declares Trump Ineligible for White House
The Colorado Supreme Court declares former President Donald Trump ineligible for the presidency, setting the stage for a potential court showdown. Trump is removed from the state's presidential primary ballot.
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Oil Futures Show Signs of Recovery
Oil and refined product futures are starting to accelerate in gains, with a shift in shipping routes potentially impacting supply tightness. Brent prices are rising and refined product futures show increases. Cash markets remain stable.
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