Canada markets open in 2 hours 51 minutes
  • Business
    Reuters

    GE Aerospace lifts 2024 profit forecast on strong sales of engine parts, services

    The company now expects 2024 operating profit of $6.2 billion to $6.6 billion, compared with its earlier forecast of $6 billion to $6.5 billion. Since then, Wall Street analysts have been bullish on the prospects of the aerospace business, with some citing the dominant lead of CFM International, GE's joint venture with Safran, as a supplier to Airbus' A320neo family of jets, over competing engine maker Pratt & Whitney. CFM is also the sole supplier to Boeing's 737 MAX family of jets, which are currently being produced at a lower rate due to an ongoing safety crisis.

  • Business
    Yahoo Finance

    Spotify turns a profit as earnings and revenue beat estimates

    Spotify reported first quarter earnings before the bell on Tuesday. Here's what to know.

  • Entertainment
    Reuters

    Silicon Valley and Hollywood worlds collide as David Ellison bids for Paramount

    David Ellison, 41, would not be the first rich guy to arrive in Hollywood with a fat bank account and dreams of making movies, though the son of billionaire Oracle founder Larry Ellison boasts the rarest of attributes for a budding media mogul: a Silicon Valley pedigree. In an industry where many get their start fetching coffee or moving props, Ellison spent summers writing computer code for his father's software company and getting insights on the movie business from Pixar Animation Studios co-founder Steve Jobs. Ellison is orchestrating a multi-step transaction that would result in the merger of his independent studio, Skydance Media, with Paramount.

  • Business
    Bloomberg

    Gold Falls Again After Biggest Daily Slump in Almost Two Years

    (Bloomberg) -- Gold extended losses after its biggest daily decline in almost two years, as investors focused on easing Middle East tensions and signs the Federal Reserve will keep rates higher for longer.Most Read from BloombergRay Dalio’s Famous Trade Is Sputtering, Investors BailingTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayZimbabwe’s ZiG Wipes Out 330% Stocks RallyRussians Transform Dubai as They Flee Putin’s War: Photo EssaySea Billionaire’s Wife to Buy Singapore Mansion