As the trading day draws to a close, here are the key events to watch for on Wednesday, May 7th. The first quarter earnings season continues, with several companies scheduled to release their financial results, including Uber (UBER), Airbnb (ABNB), and AMC Entertainment (AMC). Additionally, Fedspeak will be heard from various Federal Reserve officials, including Fed Vice Chair Philip Jefferson, Boston Fed President Susan Collins, and Fed Governor Lisa Cook— providing insight into inflation and rate cut outlooks. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith
Asian markets reach the mid-point of the week still sailing in fairly calm waters, although signs that the recent decline in U.S. bond yields and the dollar is losing steam could be about to suck the life out of the recent rally in risk assets too. There is some evidence over the last 24 hours of this playing out - Hong Kong stocks finally posted a down day on Tuesday, and broad Asian and emerging market equity indexes essentially ended the day flat. Japanese markets, meanwhile, are once again dancing to their own tune with the yen back on the slide after last week's suspected intervention, which has helped lift the Nikkei to its highest since April 15 and close to the 39,000 point mark.
MONTREAL — Nuvei Corp. says it lost US$4.8 million in the first quarter of 2024, compared with a loss of US$8.3 million a year earlier. The Montreal-based fintech company says revenues were US$335.1 million, up from US$256.5 million during the same quarter last year. Net loss per diluted share was five cents US, compared with seven cents US a year earlier. Just over a month earlier, the company said it was going to be taken private by U.S. private equity firm Advent International in a deal valui
TikTok and its Chinese parent company filed a lawsuit Tuesday challenging a new American law that would ban the popular video-sharing app in the U.S. unless it's sold to an approved buyer, saying it unfairly singles out the platform and is an unprecedented attack on free speech. In its lawsuit, ByteDance says the new law vaguely paints its ownership of TikTok as a national security threat in order to circumvent the First Amendment, despite no evidence that the company poses a threat. It also say
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