In July, Canada's trade deficit with the rest of the world saw a significant reduction due to a recovery in exports and the impact of a strike at marine ports on the country's west coast causing a heavy decline in imports. According to Statistics Canada, the merchandise-trade deficit stood at 987 million Canadian dollars, equivalent to about $723.6 million. This figure defied … [Read more...] about Canada’s Trade Deficit Narrows as Exports Recover
Forex News
China Bans iPhones for Government Officials, Clouding iPhone 15 Release
The release of the highly anticipated iPhone 15 by Apple has hit a roadblock after China banned the use of iPhones for central government officials at work. This move has raised concerns about the future of Apple and other foreign brands in China. However, analysts at CFRA remain optimistic about the upcoming launch event. Geopolitical Tensions Affect Apple's Business in … [Read more...] about China Bans iPhones for Government Officials, Clouding iPhone 15 Release
WeWork Looks to Renegotiate Leases and Reinvest in Key Properties
WeWork Inc., the office-sharing company that faced a potential financial crisis in August, announced on Wednesday its intentions to renegotiate global leases as part of its efforts to reduce operating costs. In order to achieve this, the company plans to exit "unfit and underperforming locations" while reinvesting in its strongest assets. According to Chief Executive David … [Read more...] about WeWork Looks to Renegotiate Leases and Reinvest in Key Properties
Tesla Stock Suffers as Deliveries and Profit Margins Disappoint
The future of Tesla's stock took a hit on Wednesday, leaving investors pondering the reasons behind the slump. As it turns out, it could be a combination of market factors and events at the Munich auto show that may have triggered the decline. Deutsche Bank analyst Emmanuel Rosner recently had a meeting with Tesla management during a conference tied to the IAA Mobility event in … [Read more...] about Tesla Stock Suffers as Deliveries and Profit Margins Disappoint
U.S. Crude Inventories Decline More Than Expected
The Energy Information Administration (EIA) released its latest report on the status of U.S. commercial crude inventories, revealing a larger-than-anticipated decrease. For the week ending September 1st, inventories fell by 6.3 million barrels, surpassing analysts' expectations of a 5.6 million barrel decline. Gasoline and Distillate Stockpiles In addition to the impressive … [Read more...] about U.S. Crude Inventories Decline More Than Expected
