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GLF Environmental: BMO sees sovereign/PE consortium takeover as the likely outcome Jun 7, 2024 04:03PM

Investing.com — Analysts at BMO covering GFL Environmental Holdings' (TSX: GFL) (NYSE: GFL) possible takeover—as published on Investing.com last Wednesday—have good reason to believe that a consortium of sovereign wealth funds and private equity (PE) firms has the upper hand on the deal at this point.

According to the financial institution, which has been in contact with GFL's management, among the possible outcomes for the current situation, the path of the least... (continue reading...)


Trump pitches himself as 'crypto president' at San Francisco tech fundraiser Jun 7, 2024 02:36PM

By Alexandra Ulmer

SAN FRANCISCO (Reuters) -Republican presidential candidate Donald Trump presented himself as a champion for cryptocurrency and slammed Democrats' attempts to regulate the sector during a San Francisco fundraiser on Thursday, three sources present told Reuters.

Trump raised $12 million from the fundraiser hosted by tech venture capitalists David Sacks and Chamath Palihapitiya at Sacks' home in the swanky Pacific Heights... (continue reading...)


Inflation, Fed meeting to give clues for US market direction Jun 7, 2024 02:08PM

By David Randall

NEW YORK (Reuters) - Investors will closely watch next week’s inflation numbers and Federal Reserve meeting for clues on whether the soft landing hopes that drove stocks to record highs are still justified.

This year's rally has lifted the S&P 500 up more than 12% year-to-date, on expectations the Fed can cool inflation without hurting growth. Yet recent economic data have sent conflicting signals: U.S. employment... (continue reading...)


Midday movers: GameStop, DocuSign fall; Lyft, Geron rise Jun 7, 2024 11:18AM (Updated - June 7, 2024 11:18 AM EDT)

Investing.com -- U.S. stock futures were choppy Friday after data from the Labor Department showed stronger than expected job growth in May, reducing the likelihood the Fed will begin lowering interest rates in September.

Here are some of the biggest U.S. stock movers today:

  • GameStop (NYSE: GME) slumped 20% after the video game retailer reported a sharp drop in net sales in the first quarter and said it may sell 75 million shares of... (continue reading...)


Citi switches first Fed rate cut call to September from July after hot jobs data Jun 7, 2024 10:39AM

Citi made an adjustment to its forecast for the U.S. Federal Reserve's monetary policy, moving its expectation for the initial rate cut from July to September.

This change comes in response to the May jobs report, which revealed an addition of 272,000 new jobs, which crushed consensus estimates.

The brokerage and research firm now anticipates a total of 75 basis points in rate reductions to occur in September, November, and December.

"But the jobs report does not change... (continue reading...)


More General News

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Jun 7, 2024 10:32AM A December rate cut is 'a rising prospect' as unemployment rate hits 4%: Macquarie
Jun 7, 2024 10:30AM Spirit Airlines not considering Chapter 11 bankruptcy
Jun 7, 2024 09:58AM Citi Changes First Fed Rate-cut Forecast To September From July - Bloomberg
Jun 7, 2024 09:41AM BofA sees signs of slowing bullish momentum in European stocks
Jun 7, 2024 09:24AM Fed seen waiting to cut rates as job growth picks up
Jun 7, 2024 08:56AM "Eye-popping" May US payrolls jump may set back Fed ease
Jun 7, 2024 08:48AM U.S. added more jobs than anticipated in May
Jun 7, 2024 08:10AM Global equity funds rack up robust weekly inflows on rate cut bets
Jun 7, 2024 07:57AM Tesla upgrades in-car navigation software in China, introduces lane-level guidance
Jun 7, 2024 06:14AM Wall Street stocks close slightly lower; jobs data strong but rates still high
Jun 7, 2024 06:07AM GameStop tanks almost 40% as 'Roaring Kitty' fails to spark enthusiasm
Jun 7, 2024 06:05AM AbbVie's tight grip on Humira market raises concerns about biosimilars
Jun 6, 2024 05:01PM Hertz eyes $700M secured debt sale amid EV setbacks
Jun 6, 2024 02:26PM GameStop surges almost 50% as 'Roaring Kitty' teases livestream
Jun 6, 2024 02:05PM Meta's WhatsApp launches new AI tools for businesses
Jun 6, 2024 01:10PM Netflix tests biggest TV app redesign in 10 years
Jun 6, 2024 12:01PM Mortgage Rates Pull Back - Freddie Mac (FMCC)
Jun 6, 2024 11:50AM Midday movers: Lululemon, Lyft rise; Five Below, Victoria's Secret fall
Jun 6, 2024 11:42AM Investors queued up for US high-yield bond funds as rate cut hopes grow
Jun 6, 2024 11:01AM Bird flu outbreak reported in Minnesota dairy herd, the state's first
Jun 6, 2024 10:14AM China securities regulator seeks to ease market panic over delisting risks
Jun 6, 2024 09:59AM US FDA staff raise no major concerns about Eli Lilly Alzheimer's drug
Jun 6, 2024 09:40AM Bitcoin miner Core Scientific rejects buyout offer from CoreWeave
Jun 6, 2024 09:26AM Lyft forecasts 15% annual growth in gross bookings through 2027, shares jump
Jun 6, 2024 09:07AM Starbucks partners with food delivery platform Grubhub
Jun 6, 2024 08:56AM Helium leaks detected on Boeing's (BA) Starliner as it heads to the International Space Station - DJ
Jun 6, 2024 08:50AM US productivity growth slowed in early 2024
Jun 6, 2024 08:22AM ECB cuts rates, keeps next move under wraps
Jun 6, 2024 08:13AM "GTA VI" release should fuel "substantial" jump in Take-Two bookings - JPMorgan
Jun 6, 2024 08:09AM Wells Fargo: Tech stocks are vulnerable to rates uncertainty, sees more volatility
Jun 6, 2024 08:09AM Boeing has delivered an estimated 36 Max aircraft so far in Q2 - Barclays
Jun 6, 2024 07:23AM Aramco's $12b Stock Offering Said To Draw Strong Foreign Demand - Bloomberg
Jun 6, 2024 06:36AM China's Nio expects second-quarter EV sales to more than double
Jun 5, 2024 04:13PM Amazon Labor Union joins forces with Teamsters
Jun 5, 2024 04:12PM Nvidia hits $3T in value for first time ever as red-hot rally continues
Jun 5, 2024 03:51PM Boeing CEO to testify before US Senate panel on June 18
Jun 5, 2024 03:18PM Nvidia's stock market value hits $3 trillion for first time
Jun 5, 2024 03:07PM NVIDIA (NVDA) Becomes Third Stock To Ever Reach $3 Trillion In Value - Bloomberg
Jun 5, 2024 02:42PM Amazon Labor Union affiliates with Teamsters
Jun 5, 2024 02:16PM Nvidia overtakes Apple as No. 2 most valuable company
Jun 5, 2024 02:08PM CrowdStrike shares jump as AI boosts cybersecurity demand
Jun 5, 2024 11:40AM Midday movers: CrowdStrike, HPE, Intel rise; Dollar Tree falls
Jun 5, 2024 10:50AM Recent rally in European equities "feels tired" - Barclays
Jun 5, 2024 10:50AM Recent rally in European equities "feels tired" - Barclays
Jun 5, 2024 10:50AM Meta is a GenAI leader says Raymond James, raises stock target
Jun 5, 2024 10:50AM UBS raises silver price forecasts, expects outperformance vs gold
Jun 5, 2024 10:50AM Goldman: Falling rates will drive outperformance in this group of stocks
Jun 5, 2024 08:44AM Fed to cut rates twice this year, starting Sept; but one or none still a risk: Reuters poll
Jun 5, 2024 08:43AM NBA nears rights deal worth $76 billion with NBC, ESPN and Amazon, WSJ reports
Jun 5, 2024 08:33AM Hewlett Packard Enterprise surges as AI-server demand powers strong results
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