QIAGEN N.V. to release results for Q1 2024 and hold webcast

The Canadian Press
Trans Mountain pipeline project ushers in new era for oilsands hub Fort McMurray
FORT MCMURRAY, Alta. — As the urban centre at the heart of Canada's oilsands industry, Fort McMurray has seen more than its share of ups and downs. A decade and a half ago, the northern Alberta community was this country's most famous boom town. High oil prices helped to drive unprecedented demand for the thick, viscous bitumen that lies beneath the earth's surface here, and workers flocked from around the world to cash in on the bonanza. Then crude prices crashed, layoffs began, and the frenzy
a day ago
The Conversation
Electric cars pile up at European ports as Chinese firms struggle to find buyers
Chinese car makers are finding the road to succeeding in the EU slow and bumpy.
22 hours ago
Reuters
Reliance buys its first Canadian crude from Trans Mountain pipeline, sources say
(Reuters) -Reliance Industries has bought 2 million barrels of Canadian crude from Shell for July delivery, marking the Indian refiner's first oil purchase from Canada's new Trans Mountain pipeline, trade sources said. Reliance joins a growing group of Asian refiners in buying Canadian crude to be exported from the new pipeline which is scheduled to start transporting oil in May. The Canadian government-owned pipeline expansion will nearly triple the flow of crude from Alberta to Canada's Pacific Coast and open up access to Asia and the U.S. West Coast. Shell will perform ship-to-ship transfers to move about four 500,000-barrel cargoes of Access Western Blend (AWB) onto a Very Large Crude Carrier and ship the oil to the Sikka port, the sources said, where Reliance operates the world's biggest refining complex.
23 hours ago
Reuters Videos
Elon Musk lays off Tesla execs, plans more cuts
STORY: Elon Musk looks to be doing more layoffs at Tesla. Reports by The Information on Tuesday (April 30) say he’s fired two top executives, and plans to get rid of hundreds more workers. Musk is said to be frustrated by falling sales, and the pace of earlier job cuts. The story quotes an email said to be from Musk. In it he says, “these actions are making it clear that we need to be absolutely hard core about headcount”. In an apparent warning to managers, he says “while some on exec staff are taking this seriously, most are not yet doing so”. There was no immediate response to a Reuters request for comment. It all follows a move earlier this month to shed some 10% of the company’s workforce. Tesla is grappling with falling sales and an intensifying price war which it started. Reporting earnings last week, it said all that led to its first quarterly drop in revenue since 2020. Musk this weekend made a surprise visit to China, the epicenter of the price battle. There he made progress on rolling out the brand’s advanced driver assistance features in the country. However, Tesla faces fierce competition from local makers like BYD in what is now the world’s biggest car market.
3 hours ago
CBC
Doctors warn capital gains tax hike could impact care
Some Canadian doctors warned that the Liberal government’s new capital gain tax increase could push more doctors out of family medicine for financial reasons at a time when millions of Canadians don’t have a family doctor.
2 days ago
Insider Monkey
Republicans are Buying These 10 Oil and Gas Stocks
In this article, we will take a detailed look at Republicans are Buying These 10 Oil and Gas Stocks. For a quick overview of such stocks, read our article Republicans are Buying These 5 Oil and Gas Stocks. Energy stocks are in the limelight this year amid geopolitical tensions in the Middle East and recession fears. The […]
2 days ago
The Canadian Press
Statistics Canada says real GDP grew 0.2 per cent in February
OTTAWA — Statistics Canada says real gross domestic product rose 0.2 per cent in February. The growth followed a 0.5 per cent gain in January. Looking ahead, Statistics Canada says its advance estimate for March indicated that real GDP was essentially unchanged for the month. Based on the preliminary figure, the Canadian economy grew at an annualized rate of 2.5 per cent in the first quarter of 2024. Overall, Statistics Canada said 12 of 20 sectors showed growth in February. The economic expansi
an hour ago
Bloomberg
Tesla Soars on Tentative China Approval for Driving System
(Bloomberg) -- Elon Musk’s quick visit to China paid immediate dividends, with Tesla Inc. receiving in-principle approval from government officials to deploy its driver-assistance system in the world’s biggest auto market.Most Read from BloombergTesla Soars on Tentative China Approval for Driving SystemHSBC CEO Quinn Unexpectedly Steps Down After Almost 5 YearsStocks Trade for 390 Minutes a Day. Increasingly, Only 10 MatterUS Warns ICC Action on Israel Would Hurt Cease-Fire ChancesYen Sparks Int
18 hours ago
Bloomberg
BHP Mega Bid and $10,000 Copper Expose Mining’s Biggest Problem
(Bloomberg) -- Copper’s surge to $10,000 a ton just days after the bombshell news that BHP Group is trying to buy Anglo American Plc is highlighting a core disconnect at the heart of the industry: miners just aren’t building enough mines.Most Read from BloombergMusk Leaves China With Tesla Driving Software Hurdles ClearedMusk Makes Surprise China Visit in Search of Tesla Revenue BoostElliott Built ‘Large’ Stake in Buffett-Favored Sumitomo, Source SaysYen Sparks Intervention Suspicion After U-Tur
2 days ago
Reuters
McDonald's posts rare profit miss as customers turn picky
(Reuters) -McDonald's missed quarterly profit estimates for the first time in two years as budget-conscious consumers looked past its offers and the Middle East conflict weighed on the burger chain's international sales. Global comparable sales growth slid for the fourth straight quarter to 1.9%, with the company saying consumers turned "more discriminating with every dollar they spend". "We have seen that our relative superiority on affordability has declined in some markets," CEO Chris Kempczinski said on a post-earnings call.
3 hours ago
Reuters
China's BYD profit growth weakens, showing effects of EV price war
Chinese EV maker BYD posted its weakest quarterly profit growth since 2022 on Monday while its revenue growth slowed to the lowest level in nearly four years, hit by slowing EV demand and a bruising price war in the world's largest auto market.
a day ago
CBC
Record-high calf prices a new challenge for P.E.I. beef industry expansion
Cattle farmers on Prince Edward Island are having to consider whether the current high prices for beef will guarantee them a profit, even if they expand their herds.The number of beef cattle on P.E.I. hit a peak in 2007 with more than 16,000 animals.But the BSE crisis, often called mad cow disease, pushed farmers out of raising beef, and the industry has still not recovered.A Statistics Canada report recorded just 7,100 beef cattle on the Island on Jan. 1 of this year.High beef prices seem like
23 hours ago
Fortune
EU’s unwinnable price war with Chinese EVs summed up: BYD cars are 11-fold more profitable in Europe vs. China
Only a highly unlikely 50% import tariff would be enough to deter Chinese automakers from Europe, new research finds.
a day ago
Reuters
UPDATE 3-McDonald's posts rare profit miss as customers turn picky
McDonald's missed quarterly profit estimates for the first time in two years as budget-conscious consumers looked past its offers and the Middle East conflict weighed on the burger chain's international sales. Burger King-owner Restaurant Brands International beat expectations for quarterly results on Tuesday, while Domino's Pizza benefited from offers on pizzas.
3 hours ago
Global News
B.C. backtracking on drug decriminalization spurs advocates' fears of worsening crisis
The British Columbia government is banning all illicit drug use in public spaces, reversing course on its decriminalization policy that was intended to tackle the province's overdose crisis. Neetu Garcha explains why B.C. is backtracking, and why advocates are worried recriminalizing drugs won't solve the worsening emergency.
13 hours ago
Bloomberg
Indonesian Miner Eyes Nickel Assets as it Shifts Focus From Coal
(Bloomberg) -- Indonesian coal company PT Harum Energy is looking to buy more nickel mines as it ceases further investment in fossil fuels in order to prepare for the energy transition.Most Read from BloombergTesla Soars on Tentative Approval for Driving System in ChinaMusk Makes Surprise China Visit in Search of Tesla Revenue BoostElliott Built ‘Large’ Stake in Buffett-Favored Sumitomo, Source SaysYen Sparks Intervention Suspicion After U-Turn From 1990 LowsStocks Trade for 390 Minutes a Day. I
a day ago
The Canadian Press
Electricity imports from U.S. topped exports in February amid drought: StatCan
For the first time in eight years, Canada imported more electricity from the U.S. than it exported amid prolonged dry conditions that have reduced hydroelectric power generation. Statistics Canada says electricity generation in Canada totalled 53.6 million megawatt-hours (MWh) in February, down 4.9 per cent from the same month last year, as average daily generation was 8.2 per cent lower year-over-year. Canada imported 2.7 million MWh of electricity from the U.S. that month, slightly more than t
18 hours ago
Reuters
WRAPUP 1-Shift to new models, weak demand hit Europe's automakers
Volkswagen, Mercedes-Benz and Stellantis all posted lower sales and first-quarter revenue on Tuesday as they geared up to launch new models and faced weaker consumer demand for new cars as interest rates remain high. The news hit the automakers' stocks. In early trading Mercedes shares were down 3.6%, Stellantis nearly 1.5% and Volkswagen 2.1%.
6 hours ago
Associated Press Finance
McDonald's posts weaker-than-expected Q1 results as boycotts weigh on sales
McDonald’s said higher U.S. sales in the first quarter helped it overcome weakness in the Middle East and other markets where consumers have been boycotting the brand. Customers across the Middle East and in Muslim-majority markets like Indonesia and Malaysia have been boycotting McDonald’s for months over its perceived support for Israel. The boycotts began in October, after McDonald’s local Israeli franchisee announced it was providing free meals for Israeli troops involved in the war in Gaza.
3 hours ago
Bloomberg
BP Focuses on Familiar Turf as Its Rivals Push New Oil Exploration Frontiers
(Bloomberg) -- For a company that made its name with frontier oil discoveries from Iran to Alaska, BP Plc is notably absent from today’s hottest new oil plays. The company’s head of exploration and production is just fine with that. Most Read from BloombergTesla Soars on Tentative China Approval for Driving SystemStocks Trade for 390 Minutes a Day. Increasingly, Only 10 MatterYen Sparks Intervention Suspicion After U-Turn From 1990 LowsWhat 60,000 Headlines Say About the Fed’s Next MoveElliott B
23 hours ago

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QIAGEN N.V. to release results for Q1 2024 and hold webcast

Latest Stories

Trans Mountain pipeline project ushers in new era for oilsands hub Fort McMurray

Electric cars pile up at European ports as Chinese firms struggle to find buyers

Reliance buys its first Canadian crude from Trans Mountain pipeline, sources say

Elon Musk lays off Tesla execs, plans more cuts

Doctors warn capital gains tax hike could impact care

Republicans are Buying These 10 Oil and Gas Stocks

Statistics Canada says real GDP grew 0.2 per cent in February

Tesla Soars on Tentative China Approval for Driving System

BHP Mega Bid and $10,000 Copper Expose Mining’s Biggest Problem

McDonald's posts rare profit miss as customers turn picky

China's BYD profit growth weakens, showing effects of EV price war

Record-high calf prices a new challenge for P.E.I. beef industry expansion

EU’s unwinnable price war with Chinese EVs summed up: BYD cars are 11-fold more profitable in Europe vs. China

UPDATE 3-McDonald's posts rare profit miss as customers turn picky

B.C. backtracking on drug decriminalization spurs advocates' fears of worsening crisis

Indonesian Miner Eyes Nickel Assets as it Shifts Focus From Coal

Electricity imports from U.S. topped exports in February amid drought: StatCan

WRAPUP 1-Shift to new models, weak demand hit Europe's automakers

McDonald's posts weaker-than-expected Q1 results as boycotts weigh on sales

BP Focuses on Familiar Turf as Its Rivals Push New Oil Exploration Frontiers