BMO Financial Group (TSX:BMO), Bank of Nova Scotia (TSX:BNS) and National Bank of Canada (TSX:NA) all topped analyst expectations in their second-quarter results, with each bank raising its quarterly dividend. BMO posted the most dramatic profit surge of the three, with net income climbing 34% year-over-year to $2.63 billion, or $3.53 per diluted share, for…
Florida-headquartered Spearmint Energy said it has closed a financing package of $450 million to support a standalone battery energy storage system (BESS) installation in Texas. The company earlier in May said the funding supports Red Egret, a 300-MW/600-MWh BESS in Texas City, located southeast of Houston. The company on May 21 said the financing package…
Cargo theft and freight fraud are not exciting topics. Nobody gets excited to review a carrier’s inspection history or sit on hold listening to the same music while waiting to verify a certificate of insurance. There is nothing glamorous about vetting a carrier before a load moves. In fact, there are more verification steps today…
JPMorgan’s (JPM) Jamie Dimon said Wall Street is rolling full steam ahead as the bank now expects a “good extra billion” in 2026 expenses. The CEO of the country’s largest bank weighed in on a range of topics, including JPMorgan’s 2026 expenses and quarterly revenues, during a talk at the Bernstein Strategic Decisions Conference in…
The iShares Bitcoin ETF () accounted for the majority of the $1.26Bn in US spot Bitcoin ETF outflows from May 18–22, 2026, moving around 13,000 (about $1.01Bn) from its custody addresses over five days. This divestment came as Bitcoin struggled to hold $70,000, dipping to $67,000–$68,000. Earlier in January 2026, BlackRock deposited 1,134 BTC (around…
Chinese budget retailer Miniso’s first quarter (Q1) profit tripled year-on-year (YoY) to 1.25bn yuan ($180.9m), from 416.5m yuan in the same period last year. Revenue for the quarter rose 28.5% YoY to 5.68bn yuan. The company said the increase was supported by mid-single-digit same-store sales growth at group level. Revenue from the Miniso brand climbed…
The Micron (MU) stock price bubble could best be explained — partially — by two simple numbers. The quick analysis: Micron has become a major driver of the S&P 500’s (^GSPC) projected future earnings growth because of its strong outlook, Goldman Sachs strategists pointed out. It’s only second to AI chipmaker Nvidia (NVDA) in importance to…
What happened: Bitcoin dropped roughly 2% on Wednesday to hover near $75,500 per token. What’s behind the move: Bitcoin has decoupled from the tech sector as a rally in semiconductors pushed the Nasdaq Composite (IXIC) to record highs. Instead, the token has fallen about 7% over the past two weeks after climbing above $81,000. Investors…
Even with inflationary war dynamics in the mix in March, the earnings engine for leveraged borrowers fired on all cylinders over the first three months this year, and key credit metrics (leverage, coverage) improved. In fact, EBITDA growth surged 9% for LCD’s running sample of leveraged loan borrowers, the highest since Q3 2022. Revenues grew…
With a market cap of $12.7 billion, Assurant, Inc. (AIZ) is a global provider of protection services for connected devices, homes, and automobiles, operating across North America, Latin America, Europe, and Asia Pacific. It offers mobile device and vehicle protection solutions, extended service contracts, and specialty housing insurance products, serving both consumers and businesses through its…
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