TSX Composite Ends Lower on Weakness in Materials and Tech Sectors
Canada's main stock index, the S&P/TSX Composite, fell 0.21% on Thursday, weighed down by significant losses in the materials, clean technology, and IT sectors.
Latest by Marcus Chen
SBI Funds Management IPO Draws $31 Billion in Bids, Signaling Strong Investor Appetite
The initial public offering for SBI Funds Management, India's largest asset manager, was heavily oversubscribed, attracting bids worth $31.14 billion for its $1.03 billion share sale, driven by overwhelming demand from institutional investors.
REGENXBIO Shares Fall 12% on Planned $100 Million Stock Offering
Shares of gene therapy firm REGENXBIO Inc. dropped sharply in after-hours trading after the company announced its intent to raise $100 million through a public offering of common stock, a move that would dilute existing shareholder value.
Netflix, Intuitive Surgical Shares Fall After-Hours on Disappointing Outlooks
Netflix and Intuitive Surgical shares fell sharply in late trading despite beating quarterly estimates, as investors reacted to disappointing forward guidance. Alcoa, REGENXBIO, and Coca-Cola also saw after-hours declines.
Netflix Shares Tumble After Weak Q3 Guidance and Reporting Changes
Netflix's third-quarter revenue and earnings forecast missed analyst expectations, sending its stock down nearly 8% in after-hours trading. The company also announced it will reduce the frequency of its viewership data reports.
Fairlife Halts US Production Following Cyber Attack, Coca-Cola Confirms
The Coca-Cola Company's dairy subsidiary, Fairlife, has temporarily suspended all U.S. production after a third party gained unauthorized access to its operational systems, raising concerns about potential supply chain disruptions.
Coca-Cola Halts U.S. Fairlife Production Following Ransomware Attack
The Coca-Cola Company has suspended all U.S. manufacturing operations for its fairlife dairy brand after a ransomware attack, causing the company's shares to dip in after-hours trading.
Google Delays Gemini 3.5 Pro Launch Amid Performance Shortfalls, Report Says
Alphabet has postponed the release of its most powerful AI model by several months after it failed to meet internal goals, particularly in coding, according to Bloomberg News. The delay sent company shares lower amid intense competition from rivals OpenAI and Anthropic.
Comcast Options Market Prices in 5.2% Post-Earnings Move
Options traders are pricing in a potential 5.2% swing for Comcast (CMCSA) shares following its earnings release on July 23. Historical data shows the stock has frequently exceeded these implied volatility levels in recent quarters.