Toronto-Listed Stocks Update
Toronto-listed stocks exhibit strength mid-session, with tech leading gains; Docebo, CI Financial climb, while Eldorado Gold and Hudbay Minerals face setbacks.
AT&T Service Outages
AT&T service outages attributed to internal network expansion issues, stock impact, restoration efforts.
CGI Founder Sells $185.4M Worth of Shares
CGI buys $185.4 million of shares from founder at a discount, offering value to shareholders. Ownership adjustments made for estate planning purposes. Share buyback program renewed for next year.
BASF Announces Cost-Cutting Program
BASF unveils new cost-cutting program in Ludwigshafen, aims for 1 billion euros in savings annually by 2026. Focus on economic outlook, financial projections for 2024, and confirmed recovery.
Brambles' Inventory Management Success
Brambles benefits from enhanced inventory management, exceeding profit expectations and embracing digitization. Investor sentiment reflects stock performance post-profit announcement.
Crude Oil Futures Surge After Red Sea Ship Attack
Rise in oil futures due to ship attack in Red Sea, impacting both crude and refined products. ULSD futures boosted by EIA data showing stock decreases.
European Stocks Surge
European stocks rallied with top gainers like Indivior PLC and Gerresheimer AG, while Hargreaves Lansdown PLC and ISS A/S witnessed declines. Market movement shows pound up against dollar.
Criticism from ECB Officials on Bitcoin
European Central Bank officials criticize Bitcoin's utility for payments and investments, highlighting its lack of intrinsic value and susceptibility to manipulation.
Intel's AI Chip Strategy
Intel enlists OpenAI CEO for AI chip development, competes with Taiwan Semiconductor, secures Microsoft deal, forms data partnership with Google, Reddit's role in AI innovation.
Sweden's Debt Office Forecasts Budget Deficits
Sweden's National Debt Office forecasts budget deficits for 2024 and 2025 after surplus years, leading to adjustments in bond issuance targets. Experts warn of potential revisions ahead.