Latest Market News
Shares of Ballard Power Systems Inc. BLDP, +0.86% rose 0.6% in premarket trading Monday, after the fuel cell power company announced an order from Switzerland-based Stadler Rail AG SRAIL, -0.76% for the supply of six fuel cell engines. Ballard said the engines will be used to power the first hydrogen train in the U.S. The […]
Rackspace Technology Inc. RXT, -5.52% on Monday named chief financial officer Amar Maletira as chief executive officer of the company, which is majority owned by Apollo Global Management Inc. APO, -2.64%. Kevin Jones, who has been in the role of CEO for three-and-a-half years, will become an operating advisor with Apollo. Rackspace Technology also said […]
The key objectives of the project are to identify and understand innovative business models, use cases, benefits, risks and operational models for a CBDC in Australia. 1916 Total views 48 Total shares Making it to the list of countries that intend to launch an in-house central bank digital currency (CBDC), the Reserve Bank of Australia […]
Shares of Macy’s Inc. M, -2.89% dropped 2.5% in midday trading Monday toward an 18-month low, after the department store chain announced plans to hire more than 41,000 seasonal employees before the holidays, down 46% from the previous year’s hiring plans. The full- and part-time seasonal hires will be for Macy’s namesake stores, as well […]
Shares of Tronox Holdings PLC TROX, -1.26% slumped 2.6% in premarket trading Monday toward a seventh-straight loss, after the maker of titanium products warned about a third-quarter earnings shortfall, citing “softer than anticipated” titanium dioxide (TiO2) sales. The company said it now expects adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) of $240 million […]
The Federal Reserve is the proverbial bull in the china shop, prepared to create damage with higher interest rates to bring down the hottest inflation spell of the past 40 years. The first thing that will break is the financial markets, “as currently unfolding,” BMO Capital Markets economists Michael Gregory and Sal Guatieri said in […]