News
Canadian Economy Shows Stagnation in Third Quarter
The Canadian economy shows stagnation in Q3 as GDP remains unchanged, weak economic growth expected, and mixed industry performance reported.
Stellantis Outperforms Ford and GM Despite UAW Strike
Stellantis, the parent company of Chrysler, is recovering well from the UAW strike with minimal damage and surpassing revenue expectations.
Senate Democrats to Subpoena Republican Megadonor and Conservative Activist
Senate Democrats announce plans to subpoena Republican megadonor Harlan Crow and conservative activist Leonard Leo for details on their involvement in organizing luxury travel for Supreme Court justices.
Positive Results from Phase 1b Trial of VYN201 in Vitiligo Patients
VYNE Therapeutics announces positive results from a Phase 1b trial of VYN201 in vitiligo patients, highlighting its potential in addressing skin depigmentation and repigmentation. Preclinical data also indicates its effectiveness in psoriasis and rheumatoid arthritis.
Healthpeak Properties and Physicians Realty Trust Announce Merger
Healthpeak Properties and Physicians Realty Trust are merging to create a leading healthcare real estate platform with a combined portfolio of 52 million square feet. The merger, valued at $21 billion, aims to enhance run-rate adjusted funds from operations and achieve significant synergies.
Air Canada Reports Q3 Profit, Beats Expectations
Air Canada reports a profit of 1.25 billion CAD in Q3, beating expectations with growth in international network and partnerships. Operating revenues and adjusted earnings also increase.
Bitcoin and Cryptocurrencies Rise as Analysts Watch Key Indicators
Bitcoin and other cryptocurrencies are rallying as analysts monitor key indicators, while upcoming economic data and the Fed's interest-rate decision could influence the market. Technical indicators signal positive momentum for Bitcoin. Altcoins show mixed performance.
Clariant Reports Lower Sales in Q3, Reiterates 2023 Guidance
Clariant recorded a 21% decrease in Q3 sales, with EBITDA declining by 28%. Additives and care chemicals businesses faced challenges, but Clariant is confident about meeting its 2023 goals.
Qantas Airways Faces Backlash Over Alleged Ticket Sale Practices
Qantas Airways is in hot water for allegedly selling tickets for canceled flights due to system issues, denying any financial motive.
Jamie Dimon Plans to Sell a Portion of JPMorgan Chase Stock
Jamie Dimon, CEO of JPMorgan Chase, intends to sell a portion of his stock in the company for financial diversification and tax planning. This move differentiates Dimon from Warren Buffet, who has never sold any shares of Berkshire Hathaway. Dimon reassures stakeholders about his belief in JPMorgan Chase's prospects.