Article content Home sales in the Greater Toronto Area fell 49.1 per cent in October over year-ago levels and benchmark prices declined slightly on a month-over-month basis as the region’s housing market continues to transition to higher borrowing rates. Article content According to monthly figures released by the Toronto Regional Real Estate Board on Thursday, the GTA’s composite benchmark … Read more
Moderna Inc. shares plunged 11% in premarket trade Thursday, after the COVID vaccine maker posted far weaker-than-expected third-quarter earnings and lowered full-year sales guidance by up to $3 billion. The Cambridge, Mass.-based biotech MRNA, -3.88% posted net income of $1.043 billion, or $2.53 a share, for the quarter, down from $3.333 billion, or $7.70 a … Read more
Tesla (TSLA) shares extended declines Monday after it cut prices for its China-made cars for the first time this year, suggesting softening demand in the world’s biggest market. Tesla, which has been raising costs of its U.S.-made cars for much of the year, reduced the starter price of its Model 3 sedan by around 5.3%, … Read more
Breadcrumb Trail Links PMN Business Author of the article: Article content PRAGUE — Hungary’s forint slipped on Monday and the Polish zloty also eased as a stronger U.S. dollar Financial Post Top Stories Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc. By clicking on the … Read more
Sientra slides 18% on proposes stock offering Source link
Goldman Sachs reported a fourth straight decline in quarterly profits as it reorganised its business structure, pulling back from its foray into retail banking to focus more on its traditional strengths of serving big corporations and wealthy investors. Chief executive David Solomon confirmed that Goldman would fold its trading and investment banking business into one … Read more
SlavkoSereda/iStock via Getty Images Energy (XLE) was Wednesday’s top performing S&P sector, +0.8%, despite a third straight daily decline in U.S. crude oil futures, as the market digested a hotter than expected U.S. producer price index reading, which was seen reinforcing expectations for aggressive Federal Reserve interest rate increases. Front-month Nymex crude (CL1:COM) for November … Read more
Bitcoin price is slowly moving lower below the $19,200 support against the US Dollar. BTC could slide further if there is further escalation in Russia-Ukraine war situation. Bitcoin is slowly moving lower below the $19,200 and $19,000 levels. The price is trading below above $19,500 and the 100 hourly simple moving average. There is a … Read more
Negative bond yields have become a thing of the past this year, following a string of large interest rate rises by global central banks — everywhere, that is, except Japan. Negative yields — which occur when bond prices climb so high that buyers holding them to maturity are guaranteed to lose money — engulfed a … Read more
Micron Technology shares are under renewed pressure after the memory chip company posted weak results and provided softer-than-expected financial forecasts. The anemic quarterly results, reported after the close of trading on Thursday, were no real surprise. Micron had ratcheted down expectations amid weak demand from personal-computer manufacturers and other customers, reflecting softening consumer spending. But … Read more