Stem Announces First Quarter 2024 Earnings Results Conference Call

Yahoo Finance Canada
Trans Mountain may be 'the last pipeline' for Canada: Cenovus CEO
The industry expects the bigger link between Alberta and export terminals on British Columbia's coast to boost prices.
19 hours ago
Yahoo Finance Canada
Loblaw changes tune on code of conduct with CEO 'cautiously optimistic' on deal
CEO Per Bank says recent efforts by Loblaw teams "working closely" with a government committee had given him a "new perspective" on the code.
19 hours ago
The Canadian Press
Trans Mountain pipeline expansion gets green light to open for May 1
CALGARY — The long-awaited Trans Mountain pipeline expansion is complete and the Canada Energy Regulator has given the go-ahead for the project to open. The regulator said Tuesday it has approved the last remaining "leave to open" applications submitted by Trans Mountain Corp., the Crown corporation behind the project. Approval of these applications was required before the expanded pipeline could begin shipping oil. Also on Tuesday, Trans Mountain confirmed that Wednesday, May 1 will mark the co
2 days ago
CBC
Loblaw boycott begins as grocer reports profit increase
Canadians frustrated with rising groceries prices have pledged to boycott Loblaw-owned stores for the month of May. On the same day it was set to begin, Canada's largest grocer reported a nearly 10 per cent increase in profits.
11 hours ago
Reuters
Oil prices rebound after closing at seven-week low
LONDON (Reuters) -Oil prices rose on Thursday, rebounding from three days of losses that took prices to their lowest since mid-March. Brent crude futures for July gained 58 cents, or 0.7%, to $84.02 a barrel by 1130 GMT. U.S. West Texas Intermediate (WTI) crude for June was up 47 cents, or 0.6%, at $79.47.
12 hours ago
USA TODAY
Walmart launches new grocery brand called bettergoods: Here's what to know
Walmart announced the launch of bettergoods its own private food brand with several category pillars. Here's what to know.
2 days ago
LA Times
Fast food operators rushing to use AI in the wake of minimum wage hikes
In the wake of the new $20 minimum wage for industry workers, quick-service restaurants in California are accelerating and expanding their use of technology.
19 hours ago
Reuters
Canada's long-delayed Trans Mountain oil pipeline starts operations
(Reuters) -After 12 years and C$34 billion ($25 billion), Canada's Trans Mountain pipeline expansion project (TMX) began commercial operations on Wednesday, a major milestone expected to transform access to global markets for the country's producers. Pipeline constraints have forced Canadian oil producers to sell oil at a discount for many years, but TMX will nearly triple the flow of crude from landlocked Alberta to Canada's Pacific coast to 890,000 barrels per day (bpd). For Canada, the world's fourth-biggest oil producer, the additional pipeline capacity is set to boost crude prices, lift national gross domestic product and expand access to Asian oil markets.
a day ago
Bloomberg
Oil Rises After Dropping to Seven-Week Low on US Inventory Gain
(Bloomberg) -- Oil erased some of its losses after plunging Wednesday on a big jump in US crude inventories that bolstered supplies.Most Read from BloombergUS and Saudis Near Defense Pact Meant to Reshape Middle EastBiden Calls Ally Japan ‘Xenophobic’ Along With China, RussiaSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineTesla Axes Supercharger Team in Blow to Broader EV MarketNYPD Arrests Over 300 Protesters in Crackdown on College CampusesBrent for July traded near $84 a barrel
21 minutes ago
Reuters
UPDATE 3-Canada's Cenovus Energy beats profit estimate on production boost
Canadian oil and gas company Cenovus Energy beat first-quarter profit estimates on Wednesday due to higher production and refinery throughput, and executives said the start-up of the Trans Mountain pipeline expansion (TMX) would open up new markets. TMX will nearly triple the flow of oil to Canada's west coast to 890,000 barrels per day, which is expected to transform access to global markets for the country's producers. "Our teams have been working with buyers, there's a pretty vast market out there, which is exciting," Drew Zieglgansberger, chief commercial officer at Cenovus, said on an earnings call, adding the company expected some "bumpiness" in the pipeline's initial operations.
a day ago
Bloomberg
Oil-Watchers Expect OPEC+ to Extend Supply Cuts Into Second Half
(Bloomberg) -- OPEC+ is expected to prolong oil output cuts into the second half of the year as it seeks to stave off a global surplus and shore up prices.Most Read from BloombergUS and Saudis Near Defense Pact Meant to Reshape Middle EastBiden Calls Ally Japan ‘Xenophobic’ Along With China, RussiaSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineTesla Axes Supercharger Team in Blow to Broader EV MarketNYPD Arrests Over 300 Protesters in Crackdown on College CampusesSaudi Arabia and
3 hours ago
Fortune
Volkswagen, Mercedes, and Stellantis shed $13 billion in value as Tesla’s China breakthrough leaves Europe’s carmakers in the cold
Double-digit earnings declines and sales drop-offs hammered home bad news in Europe as Tesla made FSD inroads in China.
2 days ago
Reuters
UPDATE 2-Texas operators turn to flaring amid weak gas prices
Operators drilling for oil in Texas are scrambling to dispose of excess natural gas amid a supply glut and weak prices, prompting a sharp rise in flaring requests. The Railroad Commission of Texas (RRC), which regulates the state's oil and natural gas industry, last week approved 21 exemption requests from operators, mostly in the Permian and Eagle Ford shale fields, to flare, more than four times the level it approved this time last year. Flaring, the burning of unwanted gas, has come under greater regulatory scrutiny in recent as environmental groups and climate activists seek to clamp down on the practice that releases greenhouse gases.
2 days ago
CBC
Ottawa's $8B climate fund failing to attract largest emitters, watchdog says
One of the biggest government initiatives to encourage manufacturers to decarbonize is failing to attract the largest emitters, says Ottawa's environmental watchdog.The government's $8 billion program, intended to help the largest-emitting manufacturing industries reduce their emissions, has failed to entice them, says a report released Tuesday morning by Jerry DeMarco, the federal commissioner of environment and sustainable development.Of Canada's top 55 emitters, only two have signed contribut
2 days ago
Yahoo Finance Video
Walmart launches new 'bettergoods' private label brand
Walmart (WMT) has launched a new private label brand called "bettergoods," marking Walmart's largest private brand food launch in 20 years. The company seeks to rival competing brands from Trader Joe's and Whole Foods. The retail giant's new brand is entering a higher-value target demographic with plant-based and "made without" food categories. Yahoo Finance Anchors Madison Mills and Seana Smith discuss the inflationary pressures driving Walmart's private label launch and whether the retail giant has sufficient demand for the new products. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino
2 days ago
Reuters Videos
EVs are getting smarter and cheaper in China
STORY: Light-up emojis. Music for pedestrians outside. In China, electric carmakers are offering up luxury tech – without the luxury price tag – in the battle for buyers. Cars are being loaded with once-expensive interior features and technology for as low as $20,000 – less than half the cost of the average new car in the U.S. Analysts say that poses a big challenge for foreign heavyweights like Tesla and Volkswagen. This is the Nammi – on display here at the Beijing auto show. It’s made by state-owned automaker Dongfeng and sells for under $10,000. That’s around the same as BYD’s Seagull EV – China’s fourth best-selling electric vehicle. The market is also crowded with electric and plug-in vehicles that splash luxury technology. Xpeng is planning to offer an EV with high-level self-driving features – for under $21,000. Analysts say the price of specialized components like sensors needed for self-driving and screens for onboard entertainment has tumbled. That's making competition in the world’s largest auto market all the more fierce… And chipping away at the halo that once hung over foreign brands. That’s according to an outlook from McKinsey analysts released in March. Take Zeekr, for instance. It's the carmaker with those emojis. Here’s its Shanghai head of design, Javier-Garcia Gallardo: “When we see the differences between our product launch in China versus our product launch in Europe and, you know, the technical details are as important as the design and the brand. And this integration of technology is essential for the Chinese customer.” Still, German automakers say they’re not backing down. Here’s Mercedes-Benz CEO Ola Kallenius: “We have a dedicated digital tech team here all the way down to providing things like in the new E-Class, you can sing karaoke. Maybe you don't have that feature in Germany. Maybe you should. But here, customers love it.” Mercedes, as well as Volkswagen, both told Reuters they’re working to deliver those so-called “wow effects” for Chinese buyers.
15 hours ago
CNN Business
Volkswagen’s electric car orders double in Europe
Volkswagen’s orders for electric vehicles shot up in Europe in the first quarter of 2024 compared with a year ago, countering suggestions that drivers may be losing interest in EVs.
2 days ago
The Canadian Press
Restaurant Brands sees Q1 profit rise but warns of broader industry sales slump
TORONTO — As Tim Hortons and Burger King's parent company saw its profit rise 18 per cent in its latest quarter, its chief executive noticed a broader trend taking hold across the industry: slowing sales. Restaurant Brands International Inc.'s Joshua Kobza says consumers have become "a bit more sensitive to price," pressuring the fast-food sector, even though inflation is easing. The shift in behaviour has left fast-food chains looking to drive more traffic to their restaurants and convince cust
2 days ago
Reuters
UPDATE 3-Diamondback Energy beats first quarter profit estimates on higher production
Diamondback Energy beat first quarter profit estimates on Tuesday as the oil and gas firm benefited from higher oil production and better prices. Crude oil prices in the quarter mirrored the previous year as production cuts by OPEC+ countries offset lower demand, helping oil producers like Diamondback Energy. Quarterly oil production was at 24.8 millions of barrels (mmbls), up about 10% up from the previous year and prices for oil was up 2.7% at $75.06 per barrel for the same period.
2 days ago
Reuters
UPDATE 1-Molson Coors beats Q1 estimates but cautious outlook drags shares
Molson Coors surpassed Wall Street estimates for first-quarter sales and profit on Tuesday, helped by higher prices and steady demand for brands such as Coors Light and Miller Lite. However, the company took a more cautious stance on the industry outlook and reaffirmed its full-year sales and profit forecasts, sending its shares down 7.6%. Consumers have been willing to stretch their budgets a little more to purchase Molson's products given that beers are generally considered as recession-proof.
2 days ago

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Stem Announces First Quarter 2024 Earnings Results Conference Call

Latest Stories

Trans Mountain may be 'the last pipeline' for Canada: Cenovus CEO

Loblaw changes tune on code of conduct with CEO 'cautiously optimistic' on deal

Trans Mountain pipeline expansion gets green light to open for May 1

Loblaw boycott begins as grocer reports profit increase

Oil prices rebound after closing at seven-week low

Walmart launches new grocery brand called bettergoods: Here's what to know

Fast food operators rushing to use AI in the wake of minimum wage hikes

Canada's long-delayed Trans Mountain oil pipeline starts operations

Oil Rises After Dropping to Seven-Week Low on US Inventory Gain

UPDATE 3-Canada's Cenovus Energy beats profit estimate on production boost

Oil-Watchers Expect OPEC+ to Extend Supply Cuts Into Second Half

Volkswagen, Mercedes, and Stellantis shed $13 billion in value as Tesla’s China breakthrough leaves Europe’s carmakers in the cold

UPDATE 2-Texas operators turn to flaring amid weak gas prices

Ottawa's $8B climate fund failing to attract largest emitters, watchdog says

Walmart launches new 'bettergoods' private label brand

EVs are getting smarter and cheaper in China

Volkswagen’s electric car orders double in Europe

Restaurant Brands sees Q1 profit rise but warns of broader industry sales slump

UPDATE 3-Diamondback Energy beats first quarter profit estimates on higher production

UPDATE 1-Molson Coors beats Q1 estimates but cautious outlook drags shares