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Stockwinners Market Radar for August 25, 2024 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
| STT | Hot Stocks20:02 EDT State Street takes strategic stake in fintech platform Raiz - State Street Global Advisors, the asset management business of State Street, announced a strategic investment in Raiz Invest Limited, an Australian fintech platform that helps customers grow their wealth by helping them to save and invest. The parties have entered into an equity investment agreement as part of a strategic relationship pursuant to which State Street Global Advisors will acquire approximately 5 percent of Raiz's share capital through a placement. "In addition, the strategic relationship will see State Street Global Advisors' trusted brand and deep knowledge of markets come together with Raiz's mobile-first platform, which helps Australian retail investors with micro-investments primarily in exchange-traded funds and model portfolios. Leveraging State Street Global Advisors' international library of resources, insights and trends, Raiz customers will have access to a broader array of financial literacy content and investment education tools," the company stated. "We are excited to expand our relationship with Raiz, a proven fintech leader in bringing important tools and educational resources to investors across the region. This strategic investment reinforces our strategy to join forces with wealth firms who share our commitment to help investors globally manage their investments and savings for retirement," said Yie-Hsin Hung, President and CEO for State Street Global Advisors.
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| CNI | Hot Stocks14:11 EDT CN receives order to impose binding arbitration with Teamsters - CN said has received an order from the Canada Industrial Relations Board imposing binding arbitration between the company and the Teamsters Canada Rail Conference. "The CIRB has also ordered that no further labour stoppage, including a lockout or strike, can occur during the arbitration process. This means that the strike notice recently issued to CN by the Teamsters is now voided," the company said in a statement. CN will comply with the order which also extends the current collective agreement until a new agreement is signed between the parties. "While CN is disappointed an agreement could not be reached at the bargaining table, the Company is satisfied that this order effectively ends the unpredictability that has been negatively impacting supply chains for months," the company added.
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| RIVN | Hot Stocks09:25 EDT Rivian investigating fire that damaged cars at Illinois plant - Rivian Automotive said it is investigating the damaged vehicles at its Normal, Illinois plant. The plant itself is unaffected and the company is not aware of any injuries, Rivian said in a statement to news outlooks. Several cars in the parking lot of the Rivian plant in Normal were damaged by the fire, according to local news reports. 25 News reports Normal Fire Department spokesperson Matt Swaney said the blaze was extinguished by midnight Saturday, but crews remained on the scene. Swaney said the Rivian assembly plant was not affected by the blaze. The cause of the fire is under investigation. Reference Link
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| CNI | Hot Stocks09:16 EDT CN receives oreder to impose binding arbitration with Teamsters - CN said has received an order from the Canada Industrial Relations Board imposing binding arbitration between the company and the Teamsters Canada Rail Conference. "The CIRB has also ordered that no further labour stoppage, including a lockout or strike, can occur during the arbitration process. This means that the strike notice recently issued to CN by the Teamsters is now voided," the company said in a statement. CN will comply with the order which also extends the current collective agreement until a new agreement is signed between the parties. "While CN is disappointed an agreement could not be reached at the bargaining table, the Company is satisfied that this order effectively ends the unpredictability that has been negatively impacting supply chains for months," the company added.
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| CP | Hot Stocks09:14 EDT Canadian Pacific Kansas City to restart railway operations in Canada - Canadian Pacific Kansas City said it will restart railway operations in Canada on Monday, August 26, following the Canada Industrial Relations Board order requiring CPKC to resume operations and Teamsters Canada Rail Conference employees to resume their duties. "CPKC will fully comply with the CIRB order. As such, CPKC is ending the lockout initiated on Thursday, Aug. 22. CPKC has asked the TCRC for employees to return to work for the day shift on Sunday so that we can get the Canadian economy moving again as quickly as possible and avoid further disruption to supply chains," the company said in a statement.
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