Canada: Early-stage recovery view – RBC Royal Bank of Canada (RBC) economist Claire Fan argues that recent contractions in Canadian GDP do not signal a recession, noting that the C.D. Howe Institute Business Cycle Council shares this view She emphasizes that sharp s
Institutional demand for SpaceX shares reaches $150 billion, nearly double the $75 billion target for its upcoming IPO. SpaceX’s initial public offering has attracted approximately $150 billion in orders from institutional investors, surpassing its $75 billion fundraising
The retailer reported adjusted EPS of 93 cents, exceeding Wall Street expectations of 92 cents, as sales rose 6.7 percent. Academy Sports + Outdoors Inc. shares climbed nearly 2.9 percent to $53.15 in premarket trading after reporting first-quarter earnings that surpassed
Ripple’s token retreats to $1.15 after failing to sustain gains above $1.20 amid weak investor demand. XRP traded below $1.20 on Tuesday, retreating to $1.15 after a brief rebound stalled. The decline reflects broader weakness in digital assets, with BTC near $63,000 and E
April’s trade gap came in smaller than expected, potentially easing the drag on Q2 GDP growth. The US trade deficit shrank to $55.9 billion in April, below the $56.1 billion estimate and down from a revised $56.6 billion in March. The prior month’s deficit was initially re
April’s surplus exceeded forecasts, driven by higher exports and volatile gold trade flows. Canada’s trade surplus rose to $2.72 billion in April, surpassing the $2.57 billion estimate. The increase follows a $1.78 billion surplus in March, reflecting stronger export perfo
April’s trade gap shrank as exports rose faster than imports, marking the first monthly improvement in 2026. The US trade deficit narrowed to $55.9 billion in April from a revised $56.6 billion in March, driven by a larger increase in exports than imports. The goods defici
French energy and engineering firms have teamed up with Airbus to create a joint venture to develop a large-scale Sustainable Aviation Fuel (SAF) production project at the Port of Dunkirk in France, the companies said on Tuesday. Technip Energies, Airbus, Safran, and Tereo
Wall Street looked set to see chipmakers continue their rebound on Tuesday, with investors continuing to pick through the wreckage of last week's tech sell-off ahead of key US inflation data. Futures pointed higher across the board, with contracts on the Nasdaq 100 up 0.9%
May CPI and PPI data could reinforce expectations of earlier Federal Reserve rate increases if inflation exceeds forecasts. Key US inflation readings this week may pressure markets if they signal persistent price pressures. The Consumer Price Index for May is due Wednesday
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