News
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CANADA STOCKS-TSX retreats from record high as bank earnings drag financial stocks
By Sanchayaita Roy May 29 (Reuters) - Canada's main stock index slipped on Thursday, pulling back from a record high hit in the previous session, as investors weighed weaker bank earnings.The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was down 0.3% at 26,198.18 points. ...Reuters
Thu, May 29
Bath & Body Works falls after Q2 profit forecast below estimates
** Shares of beauty and skincare retailer Bath & Body Works BBWI.N down 5.6% at $28.79** Co targets current quarter earnings per share between $0.33 and $0.38, lower than estimates of 42 cents - LSEG-compiled data** Guidance is prudently conservative given the uncertain macro-operating environme...Reuters
Thu, May 29
EMERGING MARKETS-Latam FX climbs as dollar reverses; South Africa stocks at record high
Latam FX up 0.5%, stocks up 0.16%Brazil's bank lending picks up in AprilSouth Africa's central bank cuts rates by 25 bpsChile's jobless rate hits 8.8% in quarter through AprilBy Pranav Kashyap May 29 (Reuters) - Latin American currencies broadly firmed as the U.S. dollar relinquished ...Reuters
Thu, May 29
LIVE MARKETS-Thursday data jamboree: GDP, jobless claims, pending home sales
Nasdaq, S&P 500 are higher; Dow edges upS&P 500 sectors mixed; Tech leads gainers; losers slightly redEuro STOXX 600 index off ~0.2%Dollar slides ~1%; crude down >1%; bitcoin, gold upUS 10-Year Treasury yield dips to ~4.45%Welcome to the home for real-time coverage of markets brought to y...Reuters
Thu, May 29
Boeing jumps after CEO targets ramping up production of best-selling 737 MAX
** Boeing shares BA.N jump 5.3% after CEO Kelly Ortberg says that he wants to crank up 737 MAX production from mid-30s a month now to 47 by the end of the year** Stock last up 4.7% at $211.2 after hitting a more than 1-year high** Ortberg at Bernstein conference says BA aims to increase production o...Reuters
Thu, May 29
Barclays initiates coverage on Equity Lifestyle with 'equal weight'
** Barclays initiates coverage on Equity Lifestyle Properties ELS.N with an 'equal-weight' rating and price target at $70 ** The price target is at a 10.9% premium to the stock's last close** Says rating based on belief that core annual results will remain steady , but near-term risks to...Reuters
Thu, May 29
Canada's No.1 lender RBC posts rare profit miss, CIBC beats
RBC second quarter earnings per share C$3.12 vs forecast C$3.19CIBC second quarter earnings per share C$2.05 vs forecast C$1.89Lenders set aside bigger funds for possible loan lossesBy Nivedita Balu and Arasu Kannagi Basil May 29 (Reuters) - Royal Bank of Canada RY.TO missed analysts' quarter...Reuters
Thu, May 29
Talkspace jumps on new collaboration with Amazon Pharmacy
** Talkspace's TALK.O shares up 16% to $3.44, over three month high, on Thurs after online behavioral health firm announces integration with Amazon Pharmacy** TALK shares on course for biggest one-day pct gain in exactly seven months** New York-based Talkspace says new collaboration with Amazon ...Reuters
Thu, May 29
US STOCKS-Wall St gains after court blocks most Trump tariffs
Indexes gain: Dow 0.12%, S&P 500 0.55%, Nasdaq 0.91%Best Buy slumps after cutting annual sales, profit forecastsBy Shashwat Chauhan and Kanchana Chakravarty May 29 (Reuters) - Wall Street's main indexes rose on Thursday after a federal court ruled against most of U.S. President Donald Tru...Reuters
Thu, May 29
LIVE MARKETS-US stocks rise on ruling against tariffs, Nvidia boost
Nasdaq, S&P 500 rise modestly, Dow edges greenReal Est leads S&P 500 sector gainers; Comm Svcs weakest groupEuro STOXX 600 index ~flatDollar slides ~1%; bitcoin edges red; crude slides ~2%; gold upUS 10-Year Treasury yield falls to ~4.44%Welcome to the home for real-time coverage of markets ...Reuters
Thu, May 29
After Saying Selling Nvidia Stock Was a "Big Mistake," Billionaire Stanley Druckenmiller Just Increased His Fund's Stake by 457% in This Other Artificial Intelligence (AI) Semiconductor Stock
It's easy to think that institutional money managers somehow possess knowledge that's superior to the rest of the investment community. After all, these billionaires are called "smart money" for a reason.What I find helpful, though, is when portfolio managers admit that they may have made a mistake....The Motley Fool
Thu, May 29
Elf Beauty shines as market assesses Rhode acquisition bet
** Shares Elf Beauty ELF.N jump as much as 33.5% to $120.81 - highest since January 2025** Co said on Wednesday it has acquired Hailey Bieber's Rhode in a $1 billion deal ** Elf refrained from providing fiscal 2026 forecast due to uncertainty surrounding import tariffs despite beating Wall Stree...Reuters
Thu, May 29
Kohl's sticks to annual targets amid tariffs, turbulence at top
Shares jump 15%Analysts welcome forecast retentionInterim CEO says will stick to former chief's turnaround planBy Juveria Tabassum May 29 (Reuters) - Kohl's KSS.N retained its annual targets and reported better-than-expected quarterly results as the U.S. department store chain bets on its...Reuters
Thu, May 29
Copper miners gain after US court halts Trump Tariffs
** Shares of copper miners up, tracking prices of the red metal** Benchmark three-month copper CMCU3 on the London Metal Exchange up 0.4% at $9,602 a metric ton** Copper prices rise after a federal court halted President Donald Trump's move to impose sweeping tariffs on imports from most of the ...Reuters
Thu, May 29
Where Will Cameco Be in 5 Years?
Exciting changes are on the horizon for the nuclear power industry. On May 23, U.S. President Donald Trump signed four executive orders aimed at revamping the Nuclear Regulatory Commission (NRC) and speeding up the development of new nuclear facilities. These transformative orders are set to streaml...The Motley Fool
Thu, May 29
Nordson climbs after Q2 earnings beat estimates
** Dispensing equipment maker Nordson Corp NDSN.O shares surge 9% to $213 in early trade** Co's Q2 earnings beat Wall Street estimates on Wednesday, helped by growth in medical and fluid solutions business** Ohio-based manufacturer posted Q2 revenue of $683 mln, exceeding analysts' estimate...Reuters
Thu, May 29
Baltic index near two-week peak on higher capesize vessel rates
May 29 (Reuters) - The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Thursday on higher rates for the capesize vessel segment.* The main index .BADI, which monitors rates for capesize, panamax and supramax shipping vessels, add...Reuters
Thu, May 29
Should You Buy IonQ Stock for Just $45?
So far this year, many of the hottest stocks fueling the artificial intelligence (AI) revolution have taken a breather. As of the closing bell on May 23, shares of Nvidia, Amazon, Alphabet, Apple, and Tesla have negative returns on the year.With megacap technology stocks showing some signs of fatigu...The Motley Fool
Thu, May 29
Electronics retailer Best Buy cuts annual forecasts on tariff uncertainty
Best Buy misses quarterly sales estimatesCompany adjusted prices, promotions to account for tariffsChina makes up 30% to 35% of overall goods importsCompany plans to remain 'competitively priced', executives sayBy Savyata Mishra May 29 (Reuters) - Best Buy BBY.N slashed its full-year com...Reuters
Thu, May 29
CANADA STOCKS-TSX opens higher after US court blocks Trump tariffs
May 29 (Reuters) - Canada's main stock index opened higher on Thursday, led by gains in technology shares, as investors cheered a U.S. federal court's ruling to block President Donald Trump's April 2 tariffs.At 9:31 a.m. ET (1331 GMT), the Toronto Stock Exchange's S&P/TSX composi...Reuters
Thu, May 29
