Mobileye Global stock is sagging after the provider of autonomous driving systems posted a sharp drop in revenue. The company continues to work through excessive customer inventory. Mobileye warned in January that its March quarter results would be down about 50% due to higher-than-normal inventories of the company’s EyeQ chips held by automakers.
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Trump Media & Technology Group stock was rising early Friday as the former president’s high-profile court case continues in New York. The shares rose 1.1% in premarket trading to $55 after climbing 10% on Thursday—they’ve now gained 12% over the past 5 days. The stock has jumped around a lot since merging with a shell company to allow it to float on the stock market at the end of March, trading as high as $66 and as low as $23.
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Share of borrowers with credit card balance at 80% and higher continues to climb
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Warren Buffett teased a potential Canada bet, predicted Berkshire would surpass $200 billion in cash this quarter, and shrugged off dollar worries.
Telus Corp. plans to invest $73 billion to bolster its networks over the next five years, chief executive Darren Entwistle announced Thursday at the telecommunications company's annual general meeting. The investment would cover new infrastructure, technology, operations and spectrum, he said. It comes at a time when some of Telus' rivals have announced they are scaling back network spending in response to unfavourable regulatory policies. "These funds will ensure that our networks remain robust
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(Bloomberg) -- McDonald’s Corp. is looking to launch a $5 meal deal in the US that the burger chain is betting can lure penny-pinching consumers back in.Most Read from BloombergElon Musk Pledges to Grow Supercharger Business He Just DecimatedBiden Set to Hit China EVs, Strategic Sectors With TariffsJim Simons, Code Breaker Who Mastered Investing, Dies at 86Ackman Scolded Over DEI Views at Closed-Door Milken SessionIce Cube’s Big3 Basketball League Sells Its First Team in $10 Million DealThe deal
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Shares of the e-commerce software company plunged 19% on Wednesday following the release of quarterly results.
Nvidia (NASDAQ:NVDA) may announce a stock split ahead of Constellation Software (TSX:CSU) stock. Here why you should care. The post Is Nvidia the Next Stock Split? appeared first on The Motley Fool Canada.
OAKVILLE, Ont. — Algonquin Power & Utilities Corp. named Chris Huskilson as its chief executive as it reported a loss in its latest quarter. Huskilson has been interim CEO since August 2023. The power utility, which keeps its books in U.S. dollars, says its loss attributable to shareholders amounted to US$89.1 million or 13 cents US per share for the quarter ended March 31. The result compared with a profit attributable to shareholders of US$270.1 million or 39 cents US per share in the same qua
The employment gains were driven by an increase in part-time employment, the federal data agency said.
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OTTAWA — The odds of a June interest rate cut from the Bank of Canada appear to have fallen after the latest jobs report from Statistics Canada showed employment jumped by 90,000 last month. The jobs gain far surpassed forecasters' expectations and marked the largest employment increase in more than a year. The federal agency's labour force survey on Friday shows the unemployment rate held steady at 6.1 per cent last month, while the employment gains were driven by part-time work. James Orlando,
Alphabet investors are on alert following a Reuters report that the start-up, which is backed by Microsoft, plans to unveil an AI-powered search product on Monday.
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