Scholastic stock drops on Q1 earnings

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Shares of Scholastic (SCHL) plummeted in early trading after the children's book publisher reported a wider-than-expected loss in its fiscal first quarter. Revenue of $228.5 million also missed Wall Street estimates. The company cited 'continued retail softness' as a key drag on results, along with seasonal impacts due to the summer months. Yahoo Finance Live breaks down the report. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

OTTAWA — The Bank of Canada was watching its words at its last interest rate announcement, in fear of spurring speculation that rate cuts are coming any time soon. That's according to the central bank's summary of deliberations released Wednesday detailing what the governing council discussed in the lead-up to its last rate decision. The Bank of Canada held its key interest rate steady at five per cent earlier this month amid signs of the economy weakening.

" also considerConsider Aritzia stock and another wonderful growth stock play for savvy investors to grow their wealth over the next decade and beyond. The post 2 TSX Stocks Set for Decades of Strong Growth appeared first on The Motley Fool Canada.Nuvei stock fell 45% after its second-quarter earnings. Are investors overreacting, or is it a sign of long-term weakness? Let’s find out. The post What to Make Out of Nuvei Stock’s 45% Dip in August 2023 appeared first on The Motley Fool Canada.

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