News
Chinese Ban on Foreign-Branded Devices Impacts Inari Amertron Shares
Shares of Inari Amertron decline as China bans foreign-branded devices used by government employees. Potential impact on the company's association with Apple.
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America's Freight Rails Face Complaints
The freight rail industry in America is facing complaints as cost-cutting measures impact service quality and safety. Federal regulators have proposed a new rule to introduce competition among rail monopolies. Rail shares experienced a minor decline upon the announcement of this proposal.
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Alimentation Couche-Tard Reports Drop in Earnings
Alimentation Couche-Tard reports a decrease in earnings for the latest quarter due to lower fuel sales. Despite this, the company has performed well and outperformed analysts' expectations.
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The Correlation Between Energy Prices and Core Inflation
Central bankers examine the relationship between energy prices and core inflation, which has returned to levels seen in the past. The article also explores the importance of core inflation measures and the impact of rising energy and food prices. Recent surge in oil prices raises concerns about inflation.
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Canadian Building Permits Decline in July Despite Strong Residential Sector
The total value of building permits in Canada declined by 1.5% in July, reaching a seasonally adjusted 11.66 billion Canadian dollars ($8.55 billion). Residential sector showed significant growth in single-family home permits.
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Gold Futures Await Economic Data and Fed Speeches
Gold futures are holding steady as investors anxiously await economic data and speeches by Federal Reserve officials. The price action and market drivers are discussed, along with the data and speeches to watch. Stay informed on gold futures!
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Genus Reports Decrease in Pretax Profit for Fiscal 2023
Genus, the animal-genetics company, experiences a decline in pretax profit for fiscal 2023 but achieves steady performance on an adjusted basis. Challenges are anticipated for fiscal 2024 including currency translations and higher financial costs.
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Increase in Consumer Bankruptcies Signals Growing Financial Distress
The number of consumer bankruptcies has steadily risen, indicating an alarming increase in financial distress. Experts are concerned about the long-term implications and potential ripple effects on the economy.
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Tech Stocks: Rebounding and Expanding
Tech stocks' latest rebound offers hope for the sector's 2023 rally. The winners' circle is expanding, indicating positive prospects for ongoing tech returns. Historical data reveals that rapid sentiment reversals often lead to sustained gains in the tech sector.
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U.S. Investors Overly Optimistic in Stock Market
Morgan Stanley's chief investment officer warns that U.S. investors may be overly optimistic about the stock market, despite weaker-than-expected economic growth. Concerns over a potential recession and slowing Personal Consumption Expenditures growth are cited.
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