North American equity market futures are pointing to a modestly higher open after yesterday's mixed results.
North American equity market futures are pointing to a modestly higher open after yesterday's mixed results. It's still a U.S. Federal Reserve story ahead of Jay Powell's testimony on Capitol Hill today and tomorrow – today's testimony starts at 10 a.m. EST – where he may well warn that rates will have to move higher to combat inflation.
Ritchie Bros. is declaring a special dividend $1.08, but it's contingent on getting that contentious U$7.3 billion IAA deal across the finish line. Meta Platforms is reportedly planning another massive round of job cuts. Our Bloomberg partners report the owner of Facebook will cut thousands of jobs, on top of last year's 13 per cent workforce reduction.Notable earnings: Dick's Sporting Goods, Pet Valu Holdings, Bird Construction, Ag Growth InternationalManitoba Budget
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