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The Latest Breaking News from RBC

Mastercard and Meta Make RBC List of Top Stock Picks

RBC expects the return on the S&P 500 stock index this year to range from unchanged to low single digits.

The Street

Gazprom: gas supplied in full, bypassing damaged Russian export pipeline

A local unit of the Russian energy giant Gazprom said on Tuesday that gas was being supplied to customers in full via parallel pipelines following a fatal explosion in a section of the Urengoi-Pomary-Uzhhorod pipeline.

Reuters

HSBC quits Canada, selling its business to RBC for £8.4bn

London-headquartered bank has been struggling to navigate political pressure from both Beijing and the west

The Guardian - UK

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Dexcom Leads 5 Stocks Near Buy Points

Dexcom and other top stocks to watch this week combine strong technicals with generally solid fundamentals.

Investors Business Daily

RBC Bearings Rolling After Acquisition, Stock Nears Buy Point

IBD Stock Of The Day: RBC Bearings nears a buy point as its accelerating growth and strong earnings propel RBC stock near all-time highs.

Investors Business Daily

Who is Surovikin, Russia’s new commander for the war in Ukraine?

Known for his ‘total ruthlessness,’ the Russian general has served in Tajikistan and Chechnya, as well as in Syria.

Al Jazeera

Eastern Commander latest Russian general to be sacked as defeats mount - RBC news

Russia has sacked the commander of its Eastern Military District, Colonel-General Alexander Chaiko, the Russian news site RBC reported on Friday - the latest reshuffle of top brass amid a string of battlefield reversals in Ukraine.

Reuters

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Russia sacks commander of Western military district - reports

Russia has sacked the commander of its Western military district, the news outlet RBC reported on Monday, the latest in a series of top officials to be fired after a series of defeats and humiliations in the war in Ukraine.

Reuters

Russia may start providing trade finance to importers of its grain - farm minister

Russia may start providing trade finance to importers of its grain as sanctions imposed on Moscow since it sent troops to Ukraine affect this financial instrument, Agriculture Minister Dmitry Patrushev said.

Reuters

Something Unusual Is Happening Right Now With Biotech Stocks

Biotech stocks have swung sharply higher, buoyed by several factors. Could they be poised to lead the market though the next big upturn?

Investors Business Daily

Hockey fans are split after some NHL teams introduce ads on jerseys for next season

Hockey fans have opinions about ads on jerseys.

USA Today Sports Media Group

Bakers to take on major bread brands in sourdough war amid claims 29 high street loaves are fake

The Real Bread Campaign claims some loaves from stores include Aldi, Lidl, Tesco, Asda and Morrisons along with several major bakers don't meet ther traditional process

Wales Online

'Investor Anxiety' On Software Stocks Prevails, But This Analyst Sees Hope In A Few Stocks, With Questions Around Others -- Like Palantir

On average, software companies beat Q2 revenue estimates by 2% and profitability expectations by 5%, RBC analyst Matthew Hedberg said. Q3 was guided lower for both revenue and profitability while stocks moved on average 2.1% higher the day following earnings.

Benzinga

IBD Stock Of The Day XBI: How To Trade Blazing-Hot Biotech Stocks Without Getting Burned

The SPDR S&P Biotech ETF is the IBD Stock Of The Day. XBI stock has shucked off near-term resistance on enthusiasm for biotech stocks.

Investors Business Daily

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Benzinga

RBC Says This Pharmacy Chain Has Health Investments On Track Despite Abandoning Divestiture

RBC Capital Markets lowered the price target on Walgreens Boots Alliance Inc (NASDAQ:WBA) to $42 (10% upside) from $46 and maintained the Sector Perform rating. The analysts say that WBA posted solid fiscal 3Q22 results slightly ahead of their estimates and consensus on steady execution in the U.S. against a difficult comp and continued…

Evening Standard

Investors take a bite out of Pets at Home shares after broker downgrade

Retailer takes the biggest tumble on the FTSE 250 as outlook darkens after lockdown sales boom

Benzinga

RBC Capital Says This Dystrophy Stock 'Is Worth A Look'

RBC Capital says Edgewise Therapeutics Inc's (NASDAQ:EWTX) interim results from the ARCH study of EDG-5506 in Becker Muscular Dystrophy (BMD) improve reward/risk into October functional readout at 15 mg, which can help further de-risk the asset into the phase 2 BMD and Duchenne muscular dystrophy (DMD) studies. The analysts believe stable patient NSAAs in October…

Benzinga

Galapagos Bets €225M On CellPoint Marking Its Entry Into CAR-T Field

Galapagos (NASDAQ:GLPG) agreed to acquire CellPoint and AboundBio in an all-cash transaction propelling into next-generation cell therapy while significantly broadening its portfolio and capabilities. Galapagos will pay an upfront amount of €125 million for CellPoint, an additional €100 million to be paid upon achieving certain milestones, and $14 million for AboundBio. Galapagos said…

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Asharq Al-Awsat

Deputy PM: Russia Has No Need to Cut Oil Output

Russia has no need to cut its oil output in response to the European Union's embargo, Deputy Prime Minister Alexander Novak told RBC business channel on Thursday. According to Reuters, he earlier said he expected Russia's annual oil production for 2022 would be about 500 million tons, down from 524…

Reuters

Sanctions-hit Kremlin stages 'Russian Davos' bereft of elite, Putin speaks Friday

Russia for years hosted world leaders and business titans at its annual economic forum in St Petersburg, but the "Russian Davos" will see little of the global financial elite this year with Moscow isolated by sanctions over its actions in Ukraine.

The National (Scotland)

Dustin Johnson's PGA U-turn leaves global men's game in sorry state - Nick Rodger

YOU may have noticed the other week that a morning breakfast show on the tele wheeled out good old Jimmy Tarbuck for his insight, expertise and…

McClatchy Washington Bureau

‘No presumption of success’: South Carolina Democrats ready to defend early presidential primary date

WASHINGTON — A potential shakeup to the Democratic presidential nominating process could give South Carolina a rare chance to move up the party’s primary calendar and boost its standing with future White House candidates.

USA Today Sports Media Group

Brennan: Will the USGA go morally bankrupt and allow Dustin Johnson to play the U.S. Open? Mum’s the word

The game of golf has told us forever that it is built on the pillars of honor and dignity, sportsmanship and fair play.

Belfast Live

Graeme McDowell loses lucrative sponsorship deal after joining Saudi backed LIV event

McDowell and World number 13 Dustin Johnson have both lost their lucrative deals with the Royal Bank of Canada as golf's civil war escalates

Irish Mirror

Graeme McDowell on 'scary' consequences of playing controversial event as he loses sponsor

The Portrush native will play in the Saudi-backed LIV Golf Invitational Series

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