By Sukriti Gupta and Twesha Dikshit (Reuters) - Canada’s main stock index edged higher on Monday, on track to log its second consecutive monthly gain, while investors assessed the revival of trade talks between Washington and Ottawa. The S&P/TSX composite index was up 0.2% at 26733.42 points, set to log its fourth straight quarter in green. President Donald Trump had called off the trade ta ...
By Manya Saini (Reuters) -Wall Street’s biggest banks rose in morning trading on Monday after sailing through the U.S. Federal Reserve’s annual health check, setting the stage for billions in stock buybacks and dividends. The central bank said on Friday that 22 of the largest U.S. banks were well-positioned to withstand a future economic downturn and continue lending, with its stress test show ...
Investing.com -- U.S. consumers are pulling back on plans to buy electronics, according to Morgan Stanley’s latest AlphaWise survey, as sentiment around the economy remains mixed and cautious spending persists across income levels. In June, net consumer electronics spending intentions for the next six months fell by 7 percentage points month-over-month (M/M) to -15%, returning to pre-tariff lows ...
(Reuters) -Aerospace supplier TransDigm Group said on Monday it will acquire Simmonds Precision Products from defense contractor RTX Corp for about $765 million in cash. Simmonds makes fuel and proximity sensing and structural health monitoring products for the aerospace and defense industry. Cleveland, Ohio-based TransDigm supplies aircraft components such as cockpit security systems and engine ...