Canadian factory sales experienced a decline in October after three consecutive months of growth, primarily due to a drop in shipments of petroleum products. According to Statistics Canada, manufacturing sales decreased by 2.8%, equivalent to approximately $52.49 billion. This decline, the sharpest since February, was slightly higher than the initial estimate of a 2.7% drop in … [Read more...] about Canadian Factory Sales Decrease in October
Forex News
Weekly U.S. Grain Export Sales Meet Expectations
In the latest report from the U.S. Department of Agriculture (USDA), weekly export sales of U.S. grains were in line with trader expectations. Wheat Sales Surge to 1.49 Million Metric Tons During the week ended December 7, 2023, wheat export sales reached an impressive 1.49 million metric tons for the 2023/24 marketing year. This figure surpassed the previous week's sales of … [Read more...] about Weekly U.S. Grain Export Sales Meet Expectations
Alleged $191 Million Cattle Ponzi Scheme Halted by SEC
The Securities and Exchange Commission (SEC) has taken action to prevent an ongoing cattle Ponzi scheme, which is alleged to have defrauded investors of $191 million. A temporary restraining order has been obtained against Texas company Agridime and its owners, Josh Link and Jed Wood. According to the SEC, Agridime and its owners diverted millions of dollars from investor funds … [Read more...] about Alleged $191 Million Cattle Ponzi Scheme Halted by SEC
Territorial Dispute between Guyana and Venezuela
Introduction The leaders of Guyana and Venezuela recently convened in St. Vincent and the Grenadines to address a long-standing territorial dispute. The tension escalated after Venezuelans voted in a referendum to claim two-thirds of their smaller neighbor, which is abundant in oil and minerals. Regional partners pushed for this meeting, which was attended by Guyanese President … [Read more...] about Territorial Dispute between Guyana and Venezuela
U.S. Stock Futures Point Towards Third-Straight Record Day
U.S. stock futures are on the rise on Friday, indicating that the Dow industrials are poised for a third-straight record-setting session. However, options expiries and index rebalancing could potentially create volatility in today's trading session. How Stock Index Futures are Trading S&P 500 futures (ES00) rose 12 points, or 0.2%, to 4,786 Dow Jones Industrial Average … [Read more...] about U.S. Stock Futures Point Towards Third-Straight Record Day
