05 August

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Canada shares higher at close of trade; S&P/TSX Composite up 0.18% By Investing.com

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Investing.com – Canada equities were higher at the close on Thursday, as gains in the Healthcare, Energy and Utilities sectors propelled shares higher. At the close in Toronto, the S&P/TSX Composite gained 0.18% to hit a new all time high. The biggest gainers of the session on the S&P/TSX Composite were OrganiGram Holdings Inc (TSX:OGI), which rose 7.72% or 0.24 points to trade at 3.35 at the close. Lightspeed POS Inc (TSX:LSPD) added 6.90% or 7.72 points to end at 119.63 and Aurora Cannabis Inc (TSX:ACB) was up 6.79% or...

05 August

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Robinhood slides 22%; early investors file to sell 98 million shares By Reuters

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(Reuters) -Shares of Robinhood Markets Inc (NASDAQ:HOOD) fell on Thursday and were on track to snap a four-day winning streak, after the newly public online brokerage said early investors may sell nearly 98 million shares. Robinhood’s shares were last down 22.5% at $54.52 a day after they jumped more than 50%. The company went public on July 29 at $38, with its shares initially falling below the public offering price before galloping higher. In a regulatory filing https://sec.report/Document/0001628280-21-015656 submitted Thursday the company registered for the sale of up to 97.9 million of shares...

05 August

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BoE’s Bailey says key challenge is to get workers into jobs By Reuters

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LONDON (Reuters) - Bank of England Governor Andrew Bailey said a key challenge facing Britain's economy was to get people back into work as the coronavirus pandemic fades. "The challenge of avoiding a steep rise in unemployment has been replaced by that of ensuring a flow of labour into jobs. I want to emphasise that this is a crucial challenge," Bailey told a news conference after the BoE's latest policy announcements and economic forecasts. The BoE did not expect to see a spike in unemployment when finance minister Rishi Sunak's job-protecting furlough scheme is phased...

05 August

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BOE’s Bailey Rejects QE Accusations, Slams Lords Committee By Bloomberg

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(Bloomberg) -- Bank of England Governor Andrew Bailey rejected accusations that the central bank is improperly funding the government through the bond-buying program it revived to fight the economic damage from the coronavirus. Bailey also criticized a House of Lords committee for comments the BOE was “addicted” to quantitative easing, saying it was a “poor choice of language.” “You can’t discriminate among borrowers,” Bailey said of QE in response to a question about the Lords report. “Every borrower benefits from it, and every borrower includes the government. We’re not doing it for the government. It’s...

05 August

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U.S. Mortgage Rates Slide to Lowest Level Since Early February By Bloomberg

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(Bloomberg) -- Mortgage rates in the U.S. dipped to the lowest level in almost six months. The average for a 30-year loan was 2.77%, down from 2.8% last week and the lowest since Feb. 11, Freddie Mac (OTC:FMCC) said in a statement Thursday. Rates had previously dropped to the lowest level since early February on July 22. Mortgage rates are tracking yields for the benchmark 10-year Treasuries, which slid to the lowest level since February earlier this week. Rates have been below 3% for six weeks, inching closer to the record low...

05 August

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Bombardier lifts forecast for business jet deliveries as demand rebounds By Reuters

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(Reuters) -Bombardier Inc raised its full-year estimates for revenue and aircraft deliveries on Thursday, helped by higher business jet traffic and demand for planes after the pandemic sapped orders last year. The planemaker also said it would use less free cash in 2021 than previously expected, after beating analysts' estimates for quarterly revenues on higher deliveries and demand for aftermarket services. According to FlightAware data, business jet flights were up 23% in the week-beginning July 21 over 2019 levels in the United States, the world's largest market for corporate aviation. Rivals Textron and General Dynamics...

05 August

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Thomson Reuters lifts sales outlook on back of earnings beat By Reuters

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By Kenneth Li and Nick Zieminski NEW YORK (Reuters) -Thomson Reuters Corp reported better-than-expected results in the second quarter with higher sales across its main divisions, and raised its annual revenue forecast. Underscoring its upbeat outlook, fueled by a recovering global economy, the global news and information company said on Thursday it would buy back up to $1.2 billion of its shares. The company said it is monitoring whether the spread of the Delta variant of COVID-19 is affecting its businesses. "We do not think that there is a significant financial impact for our customers, and...

05 August

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Uber Slips As Higher Driver Incentives Widen Loss By Investing.com

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By Dhirendra Tripathi Investing.com – Uber stock (NYSE:UBER) was down 4.5% in Thursday’s premarket trading as higher incentives to attract and retain drivers took the ride-haling and food delivery app deeper into the red in the June quarter. In a call with analysts, Uber’s Chief Financial Officer Nelson Chai said consumer demand returned faster than drivers as markets opened up in the second quarter. Uber spent a massive $250 million in driver incentive investment in the second quarter. Notwithstanding the hurt to margins due to higher incentives, Chai said the company will be able to achieve...

05 August

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Bank of England set to keep stimulus pumping despite inflation rebound By Reuters

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By William Schomberg LONDON (Reuters) - The Bank of England is expected to keep its huge support for Britain's economy running at full speed on Thursday, despite a strong recovery from its pandemic slump and a jump in inflation. However, the central bank might also start to lay out its plan for how it will eventually reverse its stimulus. With more than 70% of adults in Britain now fully vaccinated against COVID-19 and most social-distancing rules lifted, Britain's economy has recouped much of its 10% crash of 2020 and is on course to match the United...

05 August

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Special Report-How a little-known G7 task force unwittingly helps governments target critics By Reuters

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By Angus Berwick (Reuters) - In late 2020, when Ugandan President Yoweri Museveni faced a fresh challenge to his 35-year rule, a new tool helped to silence his critics: anti-money laundering legislation promoted by the G7. The Financial Action Task Force, established by the G7 group of advanced economies to protect the global financial system, had written to Uganda's government eight years earlier telling it to do more to combat money laundering and terrorism financing or risk being placed on a "grey list" of deficient countries, according to a top Ugandan official who described the...

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Canada shares higher at close of trade; S&P/TSX Composite up 0.18% By Investing.com

Robinhood slides 22%; early investors file to sell 98 million shares By Reuters

BoE’s Bailey says key challenge is to get workers into jobs By Reuters

BOE’s Bailey Rejects QE Accusations, Slams Lords Committee By Bloomberg

U.S. Mortgage Rates Slide to Lowest Level Since Early February By Bloomberg

Bombardier lifts forecast for business jet deliveries as demand rebounds By Reuters

Thomson Reuters lifts sales outlook on back of earnings beat By Reuters

Uber Slips As Higher Driver Incentives Widen Loss By Investing.com

Bank of England set to keep stimulus pumping despite inflation rebound By Reuters

Special Report-How a little-known G7 task force unwittingly helps governments target critics By Reuters

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