News
Virgin Galactic Gears Up for Fifth Spaceflight
Virgin Galactic is preparing for its fifth spaceflight in five months, with undisclosed private astronauts participating. The company aims for consistent monthly flights despite setbacks and financial challenges.
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Shell Expects Boost in Q3 Earnings from Gas and Chemical Trading
Shell expects third-quarter earnings to be boosted by stronger gas and chemical trading, while production volumes meet targets. Find out the details.
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First Ether Futures ETFs Launched, But Crypto Prices Remain Flat
The recent launch of ether futures-based exchange-traded funds (ETFs) has not caused major movements in cryptocurrency prices. Low demand for crypto exposure and prevailing macro environment are factors. The fourth quarter may bring more volatility to the bitcoin market. Sam Bankman-Fried, former CEO of FTX, is facing trial for allegedly embezzling billions. Bitcoin saw a 3.5% gain, while ether remained unchanged.
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Vanguard Settles Legal Battle with Former Advisor
Vanguard and former advisor Matthew Snipes have settled their legal dispute regarding the transfer of client accounts. The terms of the settlement remain confidential.
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Toronto Stocks Rally at Midday
Toronto stocks rallied at midday, with gains in the S&P/TSX Composite Index and S&P/TSX 60. Positive trade surplus reported and acquisition completed. Mixed sector performance.
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Innate Pharma Faces Setback as FDA Places Partial Hold on Lacutamab Studies
FDA places partial hold on Innate Pharma's lacutamab studies after patient death, but existing patients can continue treatment.
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Alstom Reports Sales Increase in First Half
French trainmaker Alstom reports sales increase in first half driven by rolling stock, but cash flow affected by production ramp up. Order intake also drops.
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Crypto Traders in Short Supply, Affecting Coinbase's Q3 Report
Mizuho analysts revise down Coinbase's Q3 revenue estimates due to lower trading volumes. Regulatory crackdown and decline in retail interest pose challenges for Coinbase. Focus on diversifying revenue streams to mitigate impact.
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Ongoing Auto Maker Strikes Impact Industrial and Transportation Companies
Auto maker strikes and wage inflation concerns have caused a decline in shares of industrial and transportation companies. Ford and GM have also announced layoffs due to the strikes' effects.
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Home Prices Rise in New England
New England states experienced a significant surge in home values, while some Western states encountered a decline. CoreLogic anticipates 3.4% annual home-price growth by August 2024.
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