Aug 26, 2024 | Markets
Economists expect third straight cut to policy rate on Sept. 4 Steady downward trend would bring rate to 3% by July 2025 Economists see the Bank of Canada cutting interest rates for a third consecutive meeting next week, continuing what’s anticipated to be a steady...
Aug 26, 2024 | Markets
McKesson Corp. agreed to buy a controlling stake in an arm of Florida Cancer Specialists & Research Institute, a privately held operator of clinics. Drug distributor McKesson will pay about $2.49 billion in cash for the holding in Community Oncology Revitalization...
Aug 26, 2024 | Markets
Pindrop Security works with banks to identify spam calls — it’s coming to social media next. The latest wave of artificial intelligence technology can mimic the voice of almost anyone – the president, a relative or a bank customer. This is the problem and the...
Aug 26, 2024 | Markets
Federal hearing begins Monday on FTC lawsuit to block tie-up Grocers say deal would help competition versus Amazon, Walmart Kroger Co. and Albertsons Cos. are finally getting their day in court. Nearly two years after the acquisition was announced, the grocery giants...
Aug 25, 2024 | Markets
Euro-zone inflation to help ECB decide on September rate cut The focus in Asia will be on China’s new monetary framework US inflation figures in the coming week will reinforce that long-awaited interest-rate cuts are coming soon, while a reading on consumer spending...
Aug 23, 2024 | Markets
Unemployment estimate rises to highest level since November Poll suggests Fed’s behind the curve in cutting interest rates A labor market softening more so than previously thought should spur faster and steeper interest-rate cuts by the Federal Reserve, according to...
