Latest news with #RBC
Business Wire
3 hours ago
- Business
- Business Wire
RBC Bearings to Webcast First Quarter Fiscal Year 2026 Earnings Conference Call August 1 st
OXFORD, Conn.--(BUSINESS WIRE)--RBC Bearings Incorporated (NYSE: RBC), a leading international manufacturer of highly engineered precision bearings, components and essential systems for the industrial, defense and aerospace industries, today announced that it will release its first quarter fiscal 2026 financial results before the market opens on Friday, August 1 st. RBC Bearings will host a conference call to discuss the results on Friday, August 1 st at 11:00 a.m. ET. Dr. Michael J. Hartnett, Chairman, President and Chief Executive Officer; Daniel A. Bergeron, Vice President and Chief Operating Officer; and Robert M. Sullivan, Vice President and Chief Financial Officer will recap the quarter's results and accomplishments. To access the webcast, go to the investor relations portion of the Company's website, on the day of the conference call and click on the webcast link. If you do not have access to the Internet and wish to listen to the call, dial 877-407-4019 (international callers dial +1 201-689-8337) and provide conference ID # 13754909. Investors are advised to dial into the call at least ten minutes prior to the call to register. An audio replay of the call will be available from 2:00 p.m. ET on the day of the call and will remain available for two weeks following the call. The replay can be accessed by dialing 877-660-6853 (international callers dial +1 201-612-7415) and providing conference ID # 13754909. RBC Bearings Incorporated is an international manufacturer and marketer of highly engineered precision bearings, components and essential systems. The Company is primarily focused on producing highly technical or regulated bearing products and components requiring sophisticated design, testing, and manufacturing capabilities for the diversified industrial, aerospace and defense markets. The Company is headquartered in Oxford, Connecticut.
Yahoo
6 hours ago
- Business
- Yahoo
S&P 500 targets raised amid market rally: Call of the Day
Wall Street is raising its S&P 500 (^GSPC) targets after a sharp two-month rally, with RBC Capital Markets now calling for 6,250 by year-end. Yahoo Finance Reporter Josh Schafer explains why some strategists still expect volatility ahead amid ongoing tariff uncertainty. To watch more expert insights and analysis on the latest market action, check out more Morning Brief: Market Sunrise here. It's time now for our call of the day. Wall Street growing increasingly bullish on its full-year outlook for the S&P 500 amid a massive rally for the benchmark index over the past two months. RBC capital markets, the latest firm to boost their S&P 500 target, RBC's head of US equity strategy, Lori Calvasina, writing in a note to clients on Sunday, they've raised their year-end target to 6,250 from a prior target of 5,730 with a target reflecting a roughly flat return for the rest of the year. Calvasina writes she feels neutral on equities. Now you can see on your screen here, RBC is one of nine firms now that have raised their S&P 500 target over the last several months amid this massive rally that we've seen in the market, but really what Calvasina is sort of expressing here, they think that the rally might be perhaps overextended at this point or at least see a little bit of chop. Ed Yardney of Yardney Research, who's also on our chart there at 6,500, pointed out that it's been a V-shaped recovery for stocks since April, but he wrote in a note to clients on Sunday, even his path to 6,500 doesn't look very linear right now. Yardney noted that instead of a V-shape, we might start turning into a little bit of a square root shape here where stocks have come all the way back up and maybe we go flat for a little bit. Key right now of what strategists are watching is essentially the tariff back and forth. Someone like Yardney had expected the tariff back and forth or the quote Trump tariff turmoil, as he calls it, to be over by now. But we're in the middle of July, we now have an August 1st deadline coming, and it remains unclear exactly when this is going to be solved. So for now, perhaps maybe wait and see and a little bit of chop with the market near record highs. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
7 hours ago
- Business
Carney says a U.S. trade deal without some tariffs is unlikely
Prime Minister Mark Carney said Tuesday U.S. President Donald Trump seems wedded to tariffs and any trade deal with the Americans may include accepting some levies on exports. Speaking to reporters ahead of a cabinet meeting on Parliament Hill about the trade war, Carney said in French that all of Trump's trade agreements to this point have included some tariffs. He said there's not a lot of evidence right now that the U.S. is willing to cut a deal without some tariffs included. Indeed, Trump's trade arrangement with the U.K., a country with which the U.S. has a trading surplus, includes a 10 per cent baseline tariff. WATCH | Carney says 'not a lot of evidence' for tariff-free deals with U.S.: Début du widget Widget. Passer le widget ? Fin du widget Widget. Retourner au début du widget ? Carney did not say if he's willing to accept tariffs. At last month's G7 summit after a meeting with Trump, Carney said Canada will sign an agreement that's in Canada's best interest, and only that. Carney said under Trump's current framework Canada has almost free trade with the U.S. and that's something he wants to see continue. That's a reference to the tariff exemptions granted to Canadian goods that are compliant with the Canada-U.S.-Mexico Agreement (CUSMA). At the outset of this trade war, the White House estimated some 62 per cent of Canadian exports were not compliant with the trade deal — some companies opted to pay very low duty rates rather than go along with the paperwork required for free access. A recent RBC report (new window) suggests compliance has improved since Trump slapped on tariffs and most goods are sold into the U.S. tariff-free. But Carney said Tuesday there are obviously problems with the U.S. sectoral tariffs that do apply universally to steel, aluminum, auto exports and the threatened ones on pharmaceuticals, lumber and copper. Those so-called Section 232 tariffs have been particularly damaging to the Canadian economy, leading to job losses and a drop in exports. Those tariffs take their name from the section of a U.S. trade law that allows the president to impose levies on certain goods that are said to threaten national security. We need to stabilize the situation for Canada, Carney said. The government has consistently stood up for Canadian workers and businesses throughout these negotiations. We'll continue to do so. I expect that discussions will intensify between now and the end of the month and we'll be working hard on that. Last week, Trump sent a letter to Carney saying he's moving to bump the existing 25 per cent border-related tariff rate on Canadian goods — the tariff that does not apply if a good is CUSMA-compliant — to 35 per cent by Aug. 1. A White House official told CBC News that the CUSMA compliance rule will still apply even if the elevated tariff rate is applied next month. Trump said it's a trade action designed to force Canada to crack down on fentanyl, even as U.S. government data suggests relatively very little of that drug is seized at the northern border (new window) . Push to dismantle drug trade Still, the federal government has budgeted more than $1 billion to better police the border for drugs and migrants and law enforcement across the country has been making seizures and arrests as part of a push to dismantle the drug trade. If Canada works with me to stop the flow of fentanyl, we will, perhaps, consider an adjustment to this letter, Trump said. Speaking to reporters on Monday, Trump said that the letters he's sent to Carney and others are what he sees as the deal with the respective countries. I watched a show this morning and they were talking about, 'Well when's he going to make the deal?' The deals are already made. The letters are the deals. The deals are made. There are no deals to make, Trump said. John Paul Tasker (new window) · CBC News · Senior reporter J.P. Tasker is a journalist in CBC's parliamentary bureau who reports for digital, radio and television. He is also a regular panellist on CBC News Network's Power & Politics. He covers the Conservative Party, Canada-U.S. relations, Crown-Indigenous affairs, health policy and the Senate. You can send story ideas and tips to J.P. at Follow J.P. on X (new window)
National Post
8 hours ago
- Entertainment
- National Post
Fifth Annual Light Up Chinatown! Festival Wraps up the Summer in Chinatown, Celebrating Small Businesses
Article content Presented by RBC, the two-day festival returns to reignite Chinatown with live music, prizes, celebrity chefs & artists, and tasty street food. Article content VANCOUVER, British Columbia — Vancouver Chinatown Foundation 's Light Up Chinatown! Festival, presented by RBC, is back for its fifth year and promises to be the biggest one yet! Vancouver's Chinatown welcomes everyone to the historic neighbourhood on Saturday, August 16, from 11 am – 9 pm, and Sunday, August 17, from 11 am – 6 pm. Article content Article content Light Up Chinatown! Article content is Chinatown at its finest, as the 500 block of Columbia Street transforms into a lively hub of culture, food, and entertainment, with locals and visitors alike exploring and celebrating this iconic neighbourhood. Article content Calling all Foodies Article content This year, the festival brings an even more exciting lineup of experiences celebrating the chefs and restaurants around Chinatown. Attendees can indulge in mouthwatering dishes and food collaborations with the return of Hawkers Lane food stalls on the festival grounds. New vendors include Torafuku, Street Hawker, Potluck Hawker, Golden Smell Mee, and a collaboration with Holy Duck Chili and Ember HK BBQ. Also returning will be DD Mau and a collaboration between William Lew and Mama in the Kitchen. Festival-goers can also enjoy onsite treats from Lee's Donuts, Hype Chocolate, and the Light Up Chinatown! Bar and Slushie Station, alongside exclusive neighbourhood food collaborations, like the Golden Rooster croissant from Chinatown BBQ and Beaucoup Bakery and Kam Wai's special Light Up Chinatown! Bao. Article content Live Music, Moves, and More Article content Light Up Chinatown! Article content will feature a lively and exciting lineup of performances by up-and-coming artists. Vancouver talents like Article content Marie Hui, DJ May Q, Article content and Article content The Phonix Band Article content will light up the stage with electric contemporary sets that are not to miss. Article content New this year, Light Up Chinatown!: After Glow features a new Saturday evening experience with an R&B performance by FARA, a DJ set, happy hour festivities, and an official after party at Fortune Sound Club. Article content Beyond the music, the event also celebrates tradition with Chinese opera, folk music, and dance performances. Families can enjoy the dedicated Kids Zone, featuring interactive stations like our selfie station, craftmaking, face painting, plus prize giveaways. Article content Pick up Your Passport and Win Prizes Article content The return of the Passport Program will encourage visitors to explore the neighbourhood and collect stamps from local small businesses, which will be offering special discounts during Light Up Chinatown!, highlighting all that Chinatown has to offer. Participants have a chance to win prizes, including a selection of concert and pro sport event tickets, experiences from Grouse Mountain to Science World plus gift certificates and apparel from brands including Arcteryx, Lululemon and Patagonia. Article content Beat the Heat with Cool Events Inside the Chinatown Storytelling Centre Article content The festival will also introduce unique programming inside the Chinatown Storytelling Centre, including a watercolour workshop on Chinatown's neon signs led by artist Donna Seto, and a remarkable HK Milk Tea 'pulling' demonstration by Master Chef Canada winner Christopher Siu. For those seeking hands-on creativity, craft stations in the Chinatown Storytelling Centre will be open both days for colouring and button-making activities. Article content A Fun Way to Support Local Small Businesses Article content Carol Lee, Chair of the Vancouver Chinatown Foundation, emphasizes the importance of this annual event to the community.'Small business is everything; it is the backbone of Chinatown. Our first Light Up Chinatown! festival in 2021 to bring visitors and tourism back to Chinatown during the pandemic. That initial spark has developed into a landmark summer festival in Vancouver, where we expect upwards of 20,000 visitors over the two days. We're so excited for everyone to join us this year to experience the culture and colour of Chinatown.' Article content Our Commitment to a Safe Festival for All Article content Safety continues to be a top priority for the festival. Organizers are taking extra precautions to ensure the well-being of all attendees, staff, and volunteers. The Vancouver Police Department is providing additional foot patrol officers around the neighbourhood, and there will be increased security measures in and around the festival grounds, emphasizing a shared commitment to creating a safe, inclusive environment for everyone. Article content Article content Article content Contacts Article content Media Contact Article content Article content Emily Larman Article content Article content
Business Wire
8 hours ago
- Entertainment
- Business Wire
Fifth Annual Light Up Chinatown! Festival Wraps up the Summer in Chinatown, Celebrating Small Businesses
VANCOUVER, British Columbia--(BUSINESS WIRE)-- Vancouver Chinatown Foundation 's Light Up Chinatown! Festival, presented by RBC, is back for its fifth year and promises to be the biggest one yet! Vancouver's Chinatown welcomes everyone to the historic neighbourhood on Saturday, August 16, from 11 am - 9 pm, and Sunday, August 17, from 11 am - 6 pm. Safety continues to be a top priority for the festival. Organizers are taking extra precautions to ensure the well-being of all attendees, staff, and volunteers. Light Up Chinatown! is Chinatown at its finest, as the 500 block of Columbia Street transforms into a lively hub of culture, food, and entertainment, with locals and visitors alike exploring and celebrating this iconic neighbourhood. Calling all Foodies This year, the festival brings an even more exciting lineup of experiences celebrating the chefs and restaurants around Chinatown. Attendees can indulge in mouthwatering dishes and food collaborations with the return of Hawkers Lane food stalls on the festival grounds. New vendors include Torafuku, Street Hawker, Potluck Hawker, Golden Smell Mee, and a collaboration with Holy Duck Chili and Ember HK BBQ. Also returning will be DD Mau and a collaboration between William Lew and Mama in the Kitchen. Festival-goers can also enjoy onsite treats from Lee's Donuts, Hype Chocolate, and the Light Up Chinatown! Bar and Slushie Station, alongside exclusive neighbourhood food collaborations, like the Golden Rooster croissant from Chinatown BBQ and Beaucoup Bakery and Kam Wai's special Light Up Chinatown! Bao. Live Music, Moves, and More Light Up Chinatown! will feature a lively and exciting lineup of performances by up-and-coming artists. Vancouver talents like Marie Hui, DJ May Q, and The Phonix Band will light up the stage with electric contemporary sets that are not to miss. New this year, Light Up Chinatown!: After Glow features a new Saturday evening experience with an R&B performance by FARA, a DJ set, happy hour festivities, and an official after party at Fortune Sound Club. Beyond the music, the event also celebrates tradition with Chinese opera, folk music, and dance performances. Families can enjoy the dedicated Kids Zone, featuring interactive stations like our selfie station, craftmaking, face painting, plus prize giveaways. Pick up Your Passport and Win Prizes The return of the Passport Program will encourage visitors to explore the neighbourhood and collect stamps from local small businesses, which will be offering special discounts during Light Up Chinatown!, highlighting all that Chinatown has to offer. Participants have a chance to win prizes, including a selection of concert and pro sport event tickets, experiences from Grouse Mountain to Science World plus gift certificates and apparel from brands including Arcteryx, Lululemon and Patagonia. Beat the Heat with Cool Events Inside the Chinatown Storytelling Centre The festival will also introduce unique programming inside the Chinatown Storytelling Centre, including a watercolour workshop on Chinatown's neon signs led by artist Donna Seto, and a remarkable HK Milk Tea "pulling" demonstration by Master Chef Canada winner Christopher Siu. For those seeking hands-on creativity, craft stations in the Chinatown Storytelling Centre will be open both days for colouring and button-making activities. A Fun Way to Support Local Small Businesses Carol Lee, Chair of the Vancouver Chinatown Foundation, emphasizes the importance of this annual event to the community.'Small business is everything; it is the backbone of Chinatown. Our first Light Up Chinatown! festival in 2021 to bring visitors and tourism back to Chinatown during the pandemic. That initial spark has developed into a landmark summer festival in Vancouver, where we expect upwards of 20,000 visitors over the two days. We're so excited for everyone to join us this year to experience the culture and colour of Chinatown.' Our Commitment to a Safe Festival for All Safety continues to be a top priority for the festival. Organizers are taking extra precautions to ensure the well-being of all attendees, staff, and volunteers. The Vancouver Police Department is providing additional foot patrol officers around the neighbourhood, and there will be increased security measures in and around the festival grounds, emphasizing a shared commitment to creating a safe, inclusive environment for everyone. To learn more about Light Up Chinatown!, visit Media Assets Images here. About Vancouver Chinatown Foundation The Vancouver Chinatown Foundation is a registered charity committed to the revitalization of Chinatown, one of Canada's most iconic neighbourhoods in the historic heart of Vancouver. The Foundation builds more resilient and inclusive communities by promoting the well-being of those in need, while preserving Chinatown's irreplaceable cultural heritage. Learn more at
