Deere’s quarterly profit rose on price and demand. (Photo: Lauren King for Unsplash) News is essential • Deere’s quarterly profit on price and demand. Deere reported a rise in quarterly profit as the world’s largest farm equipment maker helped offset inflationary cost pressures as demand for its equipment increased, along with a positive pricing environment. … Read more
Pharmaceuticals are launching new products at record prices this year, according to a Reuters analysis. (Photo: Taufiq Barbhouia for Unsplash) News is essential • Turquoise Hill rejected Rio Tinto’s US$2.7 billion offer to buy the company Turquoise Hill Resources has rejected an offer by majority shareholder Rio Tinto to buy the 49% stake it does … Read more
Canada Goose reported quarterly earnings that beat Wall Street forecasts. (Photo: 123RF) News is essential • Canada Goose beat expectations, with inflation having little impact on demand. Canada Goose reported quarterly revenue that beat Wall Street forecasts as wealthier consumers continued to buy its luxury coats, little affected by inflation hitting multi-decade highs. • The … Read more
Johnson & Johnson announced Thursday that it will stop selling its talc-based baby powder worldwide in 2023. (Photo: 123RF) News is essential • Rogers and Shaw agree to sell Freedom Mobile to Quebec Rogers Communications and Shaw Communications announced that they have finalized an agreement to sell Freedom Mobile, a division of Quebecor, paving the … Read more
Canada Goose reported quarterly earnings that beat Wall Street forecasts. (Photo: 123RF) News is essential • Canada Goose beat expectations, with inflation having little impact on demand. Canada Goose reported quarterly revenue that beat Wall Street forecasts as wealthier consumers continued to buy its luxury coats, little affected by inflation hitting multi-decade highs. • The … Read more
SoftBank Group said it will gain an estimated US$34.08 billion from the settlement of prepaid futures contracts using Alibaba Group shares. (Photo: 123RF) News is essential • Expected slowdown in US consumer inflation. U.S. consumer prices are expected to rise at a much slower pace in July due to a sharp drop in gasoline prices, … Read more
SoftBank Group said it will gain an estimated US$34.08 billion from the settlement of prepaid futures contracts using Alibaba Group shares. (Photo: 123RF) News is essential • Expected slowdown in US consumer inflation. U.S. consumer prices are expected to rise at a much slower pace in July due to a sharp drop in gasoline prices, … Read more
Barrick Gold is benefiting from increased copper production, although inflation has pushed up production costs. (Photo: 123RF) News is essential • Increase Barrick Gold’s profitability for copper production. Gold-bearer Barrick Gold posted a nearly 19% gain in second-quarter profits, benefiting from rising copper production, even as inflation pushed up production costs. • US Senate passes … Read more
Capri Holdings, owner of the Michael Kors brand, reported better-than-expected quarterly earnings. (Photo: 123RF) News is essential • Biden to approve legislation that would help US semiconductors take on China. President Joe Biden will sign a bill providing $52.7 billion in subsidies for semiconductor production and research in the United States, as well as bolstering … Read more
Barrick Gold is benefiting from increased copper production, although inflation has pushed up production costs. (Photo: 123RF) News is essential • Increase Barrick Gold’s profitability for copper production. Gold carrier Barrick Gold posted a nearly 19% gain in the second quarter, benefiting from rising copper production, even as inflation pushed up production costs. • US … Read more