The Bank of Canada kept its key overnight rate steady at 2.25%, maintaining the bank rate at 2.50% and the deposit rate at 2.20%, citing ongoing risks from the Middle East conflict and new US tariffs. The bank noted that Canadian economic activity strengthened with GDP growth of 3.3% in Q2 and a slight improvement in the labor market, but inflation remains near 3% mainly due to higher gasoline prices. The BoC warned that prolonged high oil prices and tariffs could increase inflation risks and affect the recovery's sustainability. The Canadian dollar fell slightly after the announcement, while gold prices rose in Canadian dollar terms.
Ollie's Bargain Outlet Holdings, Inc. reported Q2 earnings per share of $1.42, beating analyst estimates despite a slight revenue miss due to weather and economic pressures. The company grew net sales by 9.1%, opened 15 new stores, and expanded its l...
Resideo's CEO, Thomas Surran, purchased 15,000 shares of the company at a price of $20.46 per share. This insider buying often indicates confidence in the company's future prospects. Investors may view this move as a positive signal about Resideo's g...
Hewlett Packard Enterprise (HPE) is set to report strong Q3 earnings with EPS projected at $0.93, more than double last year, and revenue expected to reach $11.97 billion. Investors are particularly focused on the profitability of HPE's AI segment, w...
GitLab's stock surged following an analyst's price target increase to $70, reflecting a potential 55% gain. The company reported better-than-expected Q2 earnings of 24 cents per share and revenue of $286.25 million, surpassing estimates. GitLab also ...
Brown-Forman reported a 1% decline in Q1 net sales to $911 million, missing estimates, but beat EPS expectations with $0.38 per share. The sales drop was driven by weaker tequila sales and the end of a distribution partnership, while ready-to-drink p...
