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The Canadian dollar declined versus its American counterpart after data on core retail sales and inflation rose less than forecast in August. The pair USDCAD paired early losses to trade at 1.23089, recovering from as low as 1.22520. A report published by the Statistics Canada showed retail sales increased by 0.4% in August after a
U.S. shares turned lower on Thursday as market participants digested the result of the Federal Reserve’s decision to start unwinding its stimulus program last month and signal that the central bank may raise rates at the end of this year. The S&P 500 shed 0.3% to trade at 2,501.00, falling from a record logged yesterday.
Shares of FedEx Corp. reversed lower on Tuesday after having closed the regular trading session 0.5% higher. Shares were hit after the courier delivery services company reported fiscal first-quarter earnings below expectations. FedEx’s shares lost nearly 1.4 percent in after-hours trading on Tuesday after the Memphis, Tennessee-based company cited a cyber-attack and Hurricane Harvey as
Shares of Tesla slumped on Tuesday, depressed by a report that cites concerns over the company’s valuation and warned that the automaker based in Palo Alto, California may take longer than expected to become profitable. Tesla’s shares tumbled by more than 2.2 percent to trade at $376.45 per share on Tuesday, pulling back from record
Gold futures prices turned south on Monday, as demand for safe-haven assets retreated. Amid rising optimism that the U.S. would pursue a “peaceful pressure campaign” against North Korea’s nuclear threats, global share markets advanced with U.S. stock benchmark index continuing to reach fresh record highs. Gold for October contracts dropped nearly 1 percent to trade
