Enbridge shares tumbled nearly 7% to an over four-year low on Wednesday, as investors fretted over the Canadian pipeline operator’s debt load from the surprise $14 billion bid for three natural gas distribution companies from Dominion Energy .
Chinese rare earth prices jumped to their highest in 20 months, as mining suspension in major producer Myanmar sparked stockpiling ahead of the peak consumption season, analysts said on Thursday.
Bank of America vaulted past several rivals to rank as the top financial adviser to companies targeted by activist investors in the first six months of 2023, according to data published by LSEG.
Summit Materials said on Thursday it will merge with the U.S. operations of Cementos Argos in a cash and stock transaction valued at $3.2 billion, creating the fourth-largest cement platform in the United States.
HSBC Holdings as part of its U.S. equity coverage expansion has added six members to its global research team, according to an internal memo seen by Reuters on Wednesday.
J.P.Morgan on Thursday said supply chain disruptions from a potential United Auto Workers (UAW) union strike would cut new vehicle production, drive up used car prices and put pressure on margins in the personal auto insurance business.
U.S. wireless carrier T-Mobile US said on Wednesday it has authorized a shareholder return program of up to $19 billion that will run through December 31, 2024.
Warner Bros Discovery plans to offer live sports at no additional price on its Max streaming service for a short period later this year, Bloomberg News reported on Wednesday.
Canada’s Magna International on Thursday raised its sales forecast for fiscal 2025, on the back of sustained demand for parts, sensors and electrified powertrain systems.
The S&P 500 and Nasdaq futures fell on Thursday over concerns about sticky inflation, while investors awaited comments from key Federal Reserve officials later in the day to gauge the U.S. interest rate path.
