Latest Market News
Shares of Goodyear Tire & Rubber Co. GT, -27.44% jumped 4.0% in premarket trading Friday, after the tire maker reported fourth-quarter profit that rose well above expectations as revenue growth to a near 10-year high and higher selling prices helped offset inflationary cost pressures. Net income increased to $553 million, or $1.93 a share, from […]
Financeit Canada Inc. said Friday it agreed to be acquired by private equity firm Wafra Capital Partners Inc. for an undisclosed sum from seller Goldman Sachs Asset Management, a unit of Goldman Sachs Group Inc. GS, -2.03%. The deal comes after Financeit added more than 1,100 new merchant partners, processed 115,000 loan applications, and funded […]
Gold prices were flat on Friday, slipping from a two-week peak reached on Thursday as expectations for a more aggressive Fed rate hike following a spike in US consumer prices firmed.The dollar index strengthened after data showed that US consumer prices rose significantly in January, posting the biggest annual gain in 40 years.The St. Louis […]
Shares of Gilead Sciences Inc. GILD, +0.45% gained 0.6% in premarket trading on Friday after the company said Veklury, its COVID-19 drug, demonstrated in-vitro activity against omicron and 9 other variants. The research, which was announced in a news release on Friday morning, was published Thursday as a preprint. Gilead said the study has also […]
The Chairman of the FSMA, Jean-Paul Servais, was invited by the European Commission to speak at a panel discussion organized as part of a roundtable on the review of the Benchmark Regulation (BMR). The subject of the discussion was the IBOR review and the extent to which the framework created for the BMR gives supervisory […]
The Chairman of the FSMA, Mr Jean-Paul Servais, gave a speech at the Investment Management Forum organized by EFAMA (European Fund and Asset Management Association). During his remarks, the Chairman stressed the importance of financial education. He also outlined the initiatives that the FSMA has already taken via its financial education programme, Wikifin, and in […]