News
RY
97.88
+0.63%
0.61
GLOBAL MARKETS-Equities fall amid earnings gloom, as persistent inflation lifts Treasury yields
European shares close down 0.7%, Japan's yen drops to latest 34-year low. U.S. GDP data shows signs of persistent inflation, pushing back expectations of interest rate cuts. Facebook and Instagram owner Meta's disappointing forecasts hit tech sector. Japanese yen drops through 155 per dollar for the first time since 1990.
Reuters · 15m ago
GLOBAL MARKETS-Tepid economic data weighs on equities; yen sinks to fresh lows
Stocks snap three-day winning streak; Japan's yen sinks to a 34-year low against the dollar. U.S. GDP growth slows to 1.6% in the first quarter, weaker than expected. FTSE 100 hits a record high; Facebook and Instagram slump after poor forecasts. Japanese yen hits 155 per dollar for the first time since 1990.
Reuters · 3h ago
UPDATE 1-UK finance ministry names Liz Oakes to Bank of England FPC
UK finance ministry appoints financial services executive Liz Oakes to Bank of England's Financial Policy Committee. Former Bank of Canada official Carolyn Wilkins reappointed to a second three-year term on the committee. The FPC monitors financial risks and sets rules for banks in Britain.
Reuters · 4h ago
GLOBAL MARKETS-Stocks struggle after Meta moodswings, tepid US GDP
Stocks snap three-day winning streak after Facebook and Instagram owner Meta slump. Japan's yen sinks through 155 per dollar for the first time since 1990. Tepid U.S. GDP data pushes Wall Street lower. FTSE 100 hits all-time high as Anglo American hits record high.
Reuters · 5h ago
PRESS DIGEST-Canada - April 25
Bank of Canada officials are split on when to start lowering interest rates. Former bank of Canada governor says the federal government did put adequate focus on fostering economic growth in its budget. Real estate developer files lawsuit against Edward Rogers. The Globe and Mail looks at the top stories in Canada.
Reuters · 6h ago
March's Dividend Portfolio Update Sets New All-Time Record - 100 Holdings, 21 Buys
March's Dividend Portfolio Update Sets New All-Time Record - 100 Holdings, 21 Buys. Global stock indices continued an upward trend in March, with both U.S. Stocks rising by 3%. Nvidia unveiled its groundbreaking Blackwell chip at GTC 2024. The S&P 500 recorded its longest positive monthly streak since 2021.
Seeking Alpha · 7h ago
BUZZ-COMMENT-BoC minutes signal gradual easing, summer cut intact
Bank of Canada minutes signal gradual easing, summer cut intact. The stage is set for a rate cut at the June policy meeting. Members agreed the decline in core inflation had met the condition of ‘further’ easing. But risks are geared towards more easing than currently priced.
Reuters · 9h ago
GLOBAL MARKETS-Stocks and yen struggle as tech troubles weigh
World stocks snap three-day winning streak as Facebook and Instagram parent Meta slump. Japanese yen drops to last 34-year low of 155 per dollar for the first time since 1990. FTSE 100 hits all-time high as mining sector M&A lifts LSE to record high. U.S. GDP data due later in the day.
Reuters · 10h ago
Royal Bank of Canada Announces NVCC Securities Issuance
TipRanks · 21h ago
Royal Bank Of Canada Stock Falls Wednesday, Underperforms Market
Shares of Royal Bank of Canada shed 1.27% to C$133.31 on Wednesday. The company closed below its 52-week high of C$140.77. The S&P/TSX Composite Index fell 0.63% to 21,873.72.
MarketWatch · 22h ago
Bank of Canada says any rate cuts would probably be gradual
Reuters · 1d ago
UPDATE 1-Canada retail sales miss expectations with second monthly fall
Canada's retail sales contracted for the second consecutive month in February. Retail sales decreased 0.1% in February after a 0.3% contraction in January, Statistics Canada says. Drop in sales at gasoline stations and fuel vendors led by a drop in volume terms. Two back-to-back months of falls in retail sales reflect strain on economy from high interest rates.
Reuters · 1d ago
BUZZ-Street View: Range Resources to step up buybacks after Q1 beat
Range Resources reported Q1 adj. Profit of 69 cents/shr on Tuesday, beating estimates of 57 cents. Range Resources to step up buybacks after Q1 beat. Co said it hedged Marcellus Shale and other basis differentials to limit volatility. Co is targeting maintenance-production program in 2024.
Reuters · 1d ago
Royal Bank of Canada: Risks Ahead
Royal Bank of Canada reported solid Q1/24 results and the U.S. Banks which reported so far were beating expectations. But the picture for banks is slowly getting worse with warning signs for the Fed, FDIC and Jamie Dimon. The Royal Bank ofCanada is not a good investment right now. The bank is constantly increasing its credit losses.
Seeking Alpha · 1d ago
PREVIEW-Microsoft's AI lead puts Amazon cloud dominance on watch
Microsoft's earnings on Thursday will be an indicator of AI adoption. The software giant has beaten rivals Amazon and Google-parent Alphabet to the market with generative AI. Wall Street analysts expect Microsoft to report growth in its cloud-computing service. Amazon and Alphabet report their quarterly reports on Thursday and April 30.
Reuters · 1d ago
CANADA STOCKS-TSX futures flat as Wall Street cheer offsets oil, gold decline
TSX futures flat as Wall Street cheer offsets declines in gold, oil prices. U.S. Stock index rises on optimistic investor sentiment in the United States. Gold prices extend their fall as hedge fund reductions weigh on prices. Retail sales data for March is due in Canada on Wednesday.
Reuters · 1d ago
Royal Bank Of Canada Stock Rises Tuesday, Still Underperforms Market
Shares of Royal Bank of Canada closed 0.35% higher to C$136.41 on Tuesday. The company closed short of its 52-week high of C$140.77. The S&P/TSX Composite Index rose 0.64% to 22,011.72.
MarketWatch · 1d ago
What to Watch in the Day Ahead - Wednesday, April 24
Meta Platforms' revenue is expected to grow 26% as AI investments drive higher engagement at Instagram. Boeing expected to report a much higher cash burn and its first revenue fall in seven quarters. AT&T expected to post weak subscriber additions in the first quarter. Census Bureau to report orders for durable goods rose 2.5% in March.
Reuters · 2d ago
Royal Bank Of Canada Stock Rises Monday, Outperforms Market
Shares of Royal Bank of Canada rallied 1.01% to C$135.93 on Monday. The company closed below its 52-week high of C$140.77. The S&P/TSX Composite Index rose 0.30% to 21,871.96.
MarketWatch · 2d ago
Forget Big Tech Earnings, Buy Income Instead
Big tech earnings kick off this week, but I'm not betting on them. Big tech stocks have gotten too expensive. I have sold most of my U.S. Tech stocks and reinvested the proceeds into high-income investments. In this article I share two high yield stocks I've been buying with the proceeds from selling tech stocks. The 2024 market has been a good time to buy income in.
Seeking Alpha · 3d ago
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About RY
Royal Bank of Canada is a global financial institution. Its business includes Personal & Commercial Banking, Wealth Management, Investor Services, Capital Markets and Insurance. The Personal & Commercial Banking comprises its personal banking operations and certain retail investment businesses in Canada, the Caribbean and United States, as well as its commercial and corporate banking operations in Canada and the Caribbean. Wealth Management provides a full suite of investment, trust and other wealth management solutions and businesses. Capital Markets provides public and private companies, institutional investors, governments and central banks globally with a range of capital markets products and services across its two main business lines, Corporate and Investment Banking and Global Markets. Insurance offers a range of life, health, home, auto, travel, wealth and reinsurance advice and solutions, and creditor and business insurance services to individual, business and group clients.