Posts Tagged by Finance

It’s high times for soaring marijuana stocks on Wall Street

Investors are craving marijuana stocks as Canada prepares to legalize pot next month, leading to giant gains for Canada-based companies listed on U.S. exchanges. read more >>> Source:: CTVNews.Ca

Amazon’s cashierless stores could ring up $6 billion of new revenue — but the personal data it collects about customers could be a game-changer (AMZN)

Amazon is reportedly considering opening up to 3,000 additional cashierless convenience stores. Such an expansion of its Amazon Go chain could bring in billions of dollars in new sales, Baird Equity Research analyst Colin Sebastian said in a new note. The new stores could prove […]

The world’s 3 biggest airlines have all raised their checked baggage fees

American Airlines has joined Delta Air Lines and United Airlines in raising the fee of one checked bag from $25 to $30, and of a second checked bag from $35 to $40. The change in price begins for American Airlines tickets purchased on Friday, September […]

Amazon to create voice controlled microwave, clock

Amazon wants the most basic of tasks to be controlled by voice, from microwaving potatoes to switching up the music in the car. read more >>> Source:: CTVNews.Ca

Saskatchewan approves new wind energy project with 56 turbines

The Saskatchewan government approved a large-scale wind energy project as a way to reduce greenhouse gas emissions. read more >>> Source:: CTVNews.Ca

The 12 fastest-selling used pickup trucks in America

The automotive search engine recently commissioned a study to look at the used car industry. They studied a pool of four million used-cars and trucks that were one to three years old and had been sold between January and July 2018. found that […]

Uber could be getting ready to buy Deliveroo, a food-delivery startup valued at over $2 billion and one of its biggest international rivals

Uber is reportedly in early talks to buy Deliveroo, a hot London-based food delivery startup. Deliveroo is one of the biggest international rivals to Uber Eats, the ride-hailing giant’s own food delivery app. Deliveroo was most recently valued at $2 billion in a funding round […]

Rural Canada Post carriers could see 25-per-cent pay hike, says spokesman

An arbitrator has released a ruling in a long-standing pay equity dispute at Canada Post that gives rural carriers a hefty pay increase. read more >>> Source:: CTVNews.Ca

Goldman Sachs stock trading chief Russo is leaving the bank as incoming CEO Solomon looks to his inner circle (GS)

Goldman Sachs’ equities chief Paul Russo, who has run the business since 2012, is leaving the firm. The departure comes as incoming CEO David Solomon puts his own leadership team at the top of the bank. Goldman’s equity trading revenue lagged behind peers during the […]

Drop In Mexican-Born Immigrants Attributed To Hostility Here, Opportunity There

The one-year decrease of more than 300,000 is the largest in a decade. read more >>> Source:: HuffingtonPost.Com

What you need to know on Wall Street today

Welcome to Finance Insider, Business Insider’s summary of the top stories of the past 24 hours. Sign up here to get the best of Business Insider delivered direct to your inbox. Here’s what traders can do to protect themselves from the coming market collapse At […]

Home sellers slash prices, especially in California

As more supply comes onto the U.S. housing market, and mortgage rates rise, affordability is hitting a wall. That has more sellers lowering prices. read more >>> Source:: CNBC.Com

Adobe is in late stage negotiations to buy Marketo for more than $5 billion (ADBE)

Adobe is in late stage talks to acquire marketing software company Marketo, according to a source familiar. A deal could be announced on Thursday or Friday. The price tag is upwards of $5 billion. Marketo is owned by private equity firm Vista Equity Partners who […]

Disney pops after revealing ESPN’s new streaming service has reached 1 million subscribers (DIS)

ESPN+, the network’s new streaming service, has hit 1 million subscribers, the network said Thursday. Shares of Disney, ESPN’s parent company, rose 1.7% following the announcement. The streaming service is likely Disney’s testing ground for its own over-the-top service when it pulls its content from […]

Toronto stocks edge higher, while Dow posts triple-digit gain; Loonie up

Gains in the financial, health care and industrial sectors helped Canada’s main stock index edge higher in late-morning trading, while U.S. markets surged higher. read more >>> Source:: CTVNews.Ca

Canopy Growth’s venture capital arm goes public on TSX Venture exchange

The venture capital arm of marijuana company Canopy Growth goes public on the TSX Venture exchange today amid a cannabis stock craze. read more >>> Source:: CTVNews.Ca

FinMin pegs dollar value at Rs 73.65 for computing import duty

As regards Euro, the conversion rate for calculating taxes on imported goods has been fixed at Rs 86.55. read more >>> Source:: EconomicTimes.IndiaTimes.Com

Emirates denies report that it is looking to take over Etihad to create global mega-airline

Emirates Airline has denied a report that it is considering a takeover of fellow Persian Gulf carrier Etihad. Bloomberg reported that the Dubai, United Arab Emirates-based airline could take over its financially challenged rival based in neighboring Abu Dhabi to create the world’s largest airline […]

Near term outlook for US dollar is bullish. Rupee may feel the pinch

Any further escalation in trade frictions will see traders scurrying for the US dollar. read more >>> Source:: EconomicTimes.IndiaTimes.Com

Magna selling fluid pressure and controls business to South Korean company

Auto parts company Magna International Inc. has signed a deal to sell its fluid pressure and controls business to Hanon Systems, a South Korea-based company, for roughly $1.23 billion. read more >>> Source:: CTVNews.Ca

The owner of Olive Garden jumps after beating earnings and raising guidance (DRI)

Darden Restaurants beat on both the top and bottom lines. The restaurant owner raised its full-year profit guidance. Shares are up more than 3% early Thursday. Watch Darden Restaurants trade in real time here. Shares of Darden Restaurants, the owner of many US restaurant brands […]

Alibaba Backpedals On Promise To Bring 1 Million Jobs To U.S., Blames Trump Tariff War

Company chairman Jack Ma said the commitment had been predicated on a “friendly U.S.-China partnership.” read more >>> Source:: HuffingtonPost.Com

Rupee may remain under pressure in the near term

The rupee has logged YtD losses of more than 13 per cent against the strengthening dollar. read more >>> Source:: EconomicTimes.IndiaTimes.Com

10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, TLRY)

Here is what you need to know. China is reportedly planning to slash import tariffs as soon as next month. Beijing is planning to cut the average tariff rate on imports from most of its trading partners as soon as next month, Bloomberg says. Argentina’s […]

BANK OF AMERICA: The one-of-a-kind bull market is basically dead — here’s what traders can do to protect themselves from the coming collapse

Bank of America Merrill Lynch argues the equity bull market as we know it is over, and urges investors to start looking ahead at how to combat the coming collapse. It offers a “perverse” trade suggestion to help combat the economic recession that’s likely to […]

Danske Bank could be fined $8 billion after its huge money laundering scandal, analysts say

Danske Bank, Denmark’s biggest lender, has been rocked by a money-laundering scandal which may have involved $235 billion. If the bank is found guilty of any wrongdoing it will likely face a significant fine. One estimate suggests the fine could be as high as 53 […]

The hunt for online herb: Feds seek dope on hazy world of pot’s ‘cryptomarket’

The federal government insists pot legalization will help the country snuff out crime — but internally it’s wondering what will become of the fuzzy world of illegal online weed transactions. read more >>> Source:: CTVNews.Ca

10 things you need to know in markets today

Good morning! Here’s what you need to know in markets on Thursday. 1. U.S. President Donald Trump is set to nominate former Federal Reserve economist Nellie Liang to the central bank’s board of governors, the Wall Street Journal reported on Wednesday, citing a person familiar […]

Bearish bets remain as edgy investors retreat from risky Asian currencies: Poll

Several attempts to rein in the rupiah have fallen short. read more >>> Source:: EconomicTimes.IndiaTimes.Com

Japan digital currency exchange hacked, losing US$60 million

Hackers have stolen 6.7 billion yen ($60 million) worth of cryptocurrencies from a Japanese digital currency exchange, the operators said Thursday. read more >>> Source:: CTVNews.Ca

An Alaska Airlines exec speaks out about a secret weapon the company has against American, Delta, and United (ALK)

Alaska Airlines is only major US carriers to have a frequent flyer program which still offers mile-for-mile redeemable miles without spending component. The airline sees its frequent flyer program as a valuable weapon against rivals such as American, Delta, and United. Alaska hopes to use […]

A Drug Enforcement Agency plane collided with a Tesla Model X as it crash-landed on a Texas street

A Drug Enforcement Agency plane crash-landed in the Sugar Land, Texas, area on Wednesday, injuring one of the three special agents on board. The group had been conducting a flight training exercise, DEA Houston Division special agent Wendell Campbell told Business Insider on Wednesday night. […]

Agents Selling Luxury See Uptick in Sales, Prices

High-end housing markets continue to climb, as luxury home prices in 20 major counties record double-digit gains. read more >>> Source::

Asian shares track optimism on Wall Street over tariffs

Asian markets were mostly higher on Thursday with narrow trading after news of a fresh round of tariffs by the U.S. on $200 billion in Chinese goods received a muted reaction on Wall Street. read more >>> Source:: CTVNews.Ca

Dollar near 7-week low as markets look past trade woes, pound eyes EU summit

The dollar index stood at 94.554 , near its seven-week low of 94.308 touched on Tuesday read more >>> Source:: EconomicTimes.IndiaTimes.Com

‘The market is betting on a bidding war’: The fight for Sky might come down to a rare sealed auction

A sealed one-day auction between Comcast and Fox for Sky might commence Saturday. These types of auctions are extremely rare with only two in the past decade. Analysts predict that Comcast will win in a bidding war for Sky. The battle for British broadcaster Sky […]

Tilray shares go on wild ride on second day after export approval

Shares in marijuana company Tilray Inc. went on a wild ride — surging by more than 90 per cent then briefly dropping into negative territory and rebounding — one day after the licensed producer said it got approval to export medical cannabis from Canada to […]

Quebec companies not desperate for help following U.S. steel and aluminum tariffs

U.S. tariffs on Canadian steel and aluminum have not generated a flood of requests from Quebec companies for provincial assistance. read more >>> Source:: CTVNews.Ca

‘Shame on the LPs’: Insiders say the unravelling of Silicon Valley’s hottest VC firm, Social Capital, could have been avoided

Social Capital’s rupture has largely been blamed on the firm’s charismatic co-founder, early Facebook executive Chamath Palihapitiya. However, some insiders speculate that the firm’s troubles could have been avoided, had its limited partners intervened early on. They also said that it’s unlikely that Social Capital’s […]

Amazon could soon be the third-place online advertiser behind Facebook and Google — but only if it can avoid trouble with regulators and shoppers (GOOG, GOOGL)

Amazon is expected to become the third largest digital advertiser, behind Facebook and Google, according to eMarketer researchers. But as the company’s market share of the ad and retail business continues to expand, the company may run into the same kind of scrutiny that has […]

Argentina’s economy craters in the 2nd quarter as an economic crisis grips the country

Argentina’s gross domestic product fell 4.2% in the second quarter from a year earlier. Argentina was hit by a severe drought that has weighed on exports. The government is pursuing austerity measures to shore up public financing. Argentina’s economy contracted sharply in the second quarter […]

Woman Claims She Heard About Christine Blasey Ford Allegation In 1980s

But she deleted her social media posts and said she has no “first hand knowledge” of the incident involving Supreme Court nominee Brett Kavanaugh. read more >>> Source:: HuffingtonPost.Com

Proposed class action lawsuit on trailing commissions filed against CIBC

A class action lawsuit regarding trailing commissions paid to discount brokers on CIBC mutual funds has been proposed against the Canadian Imperial Bank of Commerce and CIBC Trust Corp. read more >>> Source:: CTVNews.Ca

B.C. judge tiptoes through divorce assets of decades-long cannabis grow-op

A British Columbia Supreme Court judge has been placed in the difficult position of dividing assets in a divorce when the couple’s “family business” for over two decades was illegal marijuana. read more >>> Source:: CTVNews.Ca

Jack Ma said Trump’s trade war with China will wreck Alibaba’s plans to help create 1 million US jobs (BABA)

Alibaba chairman Jack Ma said that the US-China trade war will wreck the company’s pledge to help create 1 million US jobs. The comment, made in an interview with Chinese media outlet Xinhua, comes two days after Trump announced a fresh set of tariffs on […]

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