Reuters USA

TSX opens lower as losses in materials shares weigh; CPI data disappoints

(Reuters) – Canada’s main stock index opened lower on Tuesday led by losses in the materials sector, while investors were disappointed that core inflation rose more than expected in December ahead of next week’s interest rate decision by the Bank of Canada. At 9:32 a.m. ET (1432 GMT), the Toronto Stock Exchange’s S&P/TSX composite index …

TSX opens lower as losses in materials shares weigh; CPI data disappoints Read More »

Goldman Sachs beats profit estimates as equity traders ride market rebound

By Saeed Azhar and Niket Nishant NEW YORK (Reuters) -Goldman Sachs’ fourth quarter profit beat estimates on Tuesday as its equity traders capitalized on a market recovery and revenue from asset and wealth management rose, offsetting weaker investment banking. Goldman’s equity trading revenue jumped 26% in the quarter. Stock markets have rallied as economists and …

Goldman Sachs beats profit estimates as equity traders ride market rebound Read More »

Factbox-What airlines, regulators are doing about Boeing 737 MAX 9 jets

(Reuters) – The U.S. aviation regulator on Friday extended the grounding of Boeing’s top-selling 737 MAX 9 airplanes indefinitely for new safety checks after a panel blew off an Alaska Airlines, forcing pilots to make an emergency landing on Jan. 5. The Federal Aviation Administration (FAA) said 40 jets must be reinspected before it will …

Factbox-What airlines, regulators are doing about Boeing 737 MAX 9 jets Read More »

Canada’s inflation rises to 3.4% in Dec, meeting expectations

TORONTO (Reuters) – Canada’s annual inflation rate rose to 3.4% in December from 3.1% in November, data showed on Tuesday, largely driven by higher gasoline prices. The inflation matched estimates by economists polled by Reuters. One of the Bank of Canada’s core measures of underlying inflation, CPI-trim, edged slightly higher to 3.7%, while CPI-median stayed …

Canada’s inflation rises to 3.4% in Dec, meeting expectations Read More »