Posts Tagged by Finance

Bank of America: Market chaos will double over the next 3 years — here are some strategies to help investors stay afloat

The most popular gauge of stock-market volatility is set to double over the next three years, Bank of America Merrill Lynch strategists forecast. The firm examined the historical relationship between the Cboe’s volatility index (VIX) and the yield curve, which signals more tumultuous times ahead. […]

Asian shares fall on sign of escalating U.S.-China tensions

Asian markets fell on Wednesday after a trade dispute between the U.S. and China stalled a weekend meeting, dimming hopes that it could be resolved once their leaders meet. read more >>> Source:: CTVNews.Ca

Debt, forex markets closed on Wednesday

On Tuesday, the rupee closed at 71.46 per dollar versus its previous close of 71.65. read more >>> Source:: EconomicTimes.IndiaTimes.Com

Monsanto appeals $78M verdict in California weed killer suit

Agribusiness giant Monsanto on Tuesday appealed a $78 million verdict in favour of a dying California man who said the company’s widely used Roundup weed killer was a major factor in his cancer. read more >>> Source:: CTVNews.Ca

Trump Irish resort loses money for fourth consecutive year

The Irish golf club that Donald Trump’s company predicted would turn a profit has posted losses for a fourth consecutive year. read more >>> Source:: CTVNews.Ca

Dollarama again recalls a toy containing high levels of restricted chemical

Discount retailer Dollarama Inc. has for the second time this year recalled a Chinese-made toy containing excessive levels of a chemical used in plastic that is a risk to human health. read more >>> Source:: CTVNews.Ca

Tech stocks were priced ‘beyond perfection’: Adviser Investments

Jim Lowell of Adviser Investments says technology stocks remain a “key component” to a growth investor’s portfolio in the long term. read more >>> Source:: CNBC.Com

Wall Street wipes out 2018 gains as FAANG stocks slide into a bear market

Stocks erased gains for the year Tuesday, dragged lower by the biggest technology companies. FAANG stocks entered a bear market, marking the first in seven years for Google parent Alphabet. Follow the US indexes in real time here. Wall Street erased stocks’ gains for the […]

Markets sink as tech and retail fall; Dow drops 600

Stocks are skidding Tuesday as weak results from retailers and mounting losses for big technology companies push the market back into the red for the year. read more >>> Source:: CTVNews.Ca

Dow Jones loses 552 points, TSX drops by 194

Canada’s main stock index sustained a triple-digit decline as a big drop in oil prices pushed the TSX down by 194.01 points. In New York, the Dow Jones industrial average lost 551.80 points or 2.2 per cent. read more >>> Source:: CTVNews.Ca

Wall Street thinks these 5 public software companies could get acquired in mega-deals amid the market downturn (COUP, EVBG, SPSC, MDSO, TYL)

Big tech acquirers are more willing than ever to spend big on the best companies on the market, according to a note published by the investment firm Needham. And with the stock market currently in a correction, some of the best public companies are for […]

Bombardier has runway to recover from share price collapse, say analysts

Transportation industry analysts say Bombardier Inc. is a high-risk investment that has room to grow after the recent share price collapse they called overdone. read more >>> Source:: CTVNews.Ca

Oil extends sharp losses after Trump signals US won’t punish Saudi Arabia after Khashoggi killing

Oil slid further into a bear market Tuesday, hitting fresh one-year lows. Prices have fallen about 25% from recent peaks. Watch oil trade in real time here. Crude prices hit their lowest level since 2017 on Tuesday, sliding further into a bear market after President […]

FTSE hits three-week low as investors dump banks, mining stocks

FTSE hits three-week low as investors dump banks, mining stocks read more >>> Source:: EuroNews.Com

Amazon packages left in courier’s car overnight, Ottawa man alleges

An Ottawa man says he is reconsidering buying products on Amazon after he says he witnessed a delivery person drop packages on the ground and leave them in a vehicle overnight on several occasions. read more >>> Source:: CTVNews.Ca

Higher interest rate target? Expanded mandate? Bank of Canada explores options

The Bank of Canada is studying whether it should make changes to the framework that has underpinned its policy decisions — such as interest-rate movements — for nearly four decades. read more >>> Source:: CTVNews.Ca

Healthcare dealmaking just hit an all-time record of almost $400 billion — here are some of the year’s biggest mergers

Healthcare dealmaking just hit a record of $398 billion in transactions so far this year. The two biggest deals are very different. One combines two international drugmakers, and the other merges a US health insurer with a company that handles prescription drug benefits. A climbing […]

AltaGas appoints CEO to replace David Harris after sudden resignation in July

Calgary-based utility AltaGas Ltd. is appointing Randy Crawford as CEO four months after the sudden resignation of ex-CEO David Harris following an unspecified ‘complaint’ to its board. read more >>> Source:: CTVNews.Ca

Anthony Scaramucci claims Trump isn’t a nationalist: ‘He likes saying that because it irks these intellectual elitists’

Business Insider’s Henry Blodget interviewed former White House Communications Director Anthony Scaramucci about the latest in politics, the economy, and President Trump. Scaramucci claimed Trump is “doing the best he can to tell the truth” and that Trump intentionally attacks the media as a diversion […]

A former US ambassador to Venezuela lays out what could be ahead for the crisis-ridden country

Business Insider sat down with John Maisto, the former US ambassador to Venezuela, to talk about what could be ahead for the crisis-ridden country. Maisto also served as ambassador to Nicaragua and the Organization of American States, and was the senior director for the Western […]

‘My lips are wet, my mouth is watering to get a piece of that’: A war is brewing between US and Canadian cannabis companies to claim a $75 billion market

US cannabis companies are going public and pursuing large acquisitions worth hundreds of millions in a race to scale up and capture what some Wall Street analysts say could be a $75 billion market. But a threat is on the horizon: The biggest publicly traded […]

CRA not treating all taxpayers equally, AG finds

The Canada Revenue Agency is not treating all taxpayers equally when it comes to auditing or reviewing tax files, a new probe by the federal auditor general has found. read more >>> Source:: CTVNews.Ca

Ghosn under arrest: What does it mean for the Renault-Nissan alliance?

Carlos Ghosn’s arrest has sent shockwaves through the business world and impacted the three car manufacturers he helped revive. read more >>> Source:: EuroNews.Com

Goldman Sachs downgrades Apple for second time this month, warns Apple may have ‘miscalculated’ iPhone XR pricing strategy (AAPL)

Goldman Sachs issued an unusually bearish note on Apple stock. The analysts believe that Apple may have “miscalculated” when setting the price for the $750 iPhone XR. The note also warns that Apple may be losing its power to price its products higher than its […]

How Laid-Off Toys R Us Workers Came Together To Fight Wall Street

A demand for severance pay has turned into a broader campaign to protect retail workers from private equity firms. read more >>> Source:: HuffingtonPost.Com

Green Tuesday: Crowds line up at 1st East Coast pot shops

More than two years after voters in Massachusetts approved of recreational marijuana for adults, there are finally places to buy it legally. read more >>> Source:: CTVNews.Ca

US homebuilding rose in October on a rebound in multifamily housing projects.

U.S. home construction improved a slight 1.5 percent in October, but in a troubling sign, ground breakings for single-family houses fell. read more >>> Source:: CNBC.Com

B.C. government says demand, safety behind long-awaited riding hailing plan

Ride-hailing could take another year to become a reality in British Columbia after legislation was introduced Monday that Transportation Minister Claire Trevena says balances consumer demand and public safety. read more >>> Source:: CTVNews.Ca

10 things you need to know before the opening bell

Here is what you need to know. Bitcoin plunges below $4,500. The benchmark cryptocurrency has slumped 22% this week amid a dispute among Bitcoin Cash (BCH) developers that led to a hard fork of the currency on Friday. Pacific Gas and Electric Company discloses a […]

10 things you need to know before the opening bell

Here is what you need to know. Bitcoin plunges below $4,500. The benchmark cryptocurrency has slumped 22% this week amid a dispute among bitcoin-cash developers that led to a hard fork of the currency on Friday. Pacific Gas and Electric Company discloses a 2nd power-line […]

George Weston raises quarterly dividend, reports adjusted profit up

George Weston Ltd. raised its quarterly dividend as it said it saw strong results at its Loblaw operations, but that its Weston Foods bakery business continued to fall short of its expectations. read more >>> Source:: CTVNews.Ca

Joel Greenblatt’s flagship fund has beaten 99% of competitors over the past 3 years — here’s a peek at his Warren Buffett-inspired ‘magic formula’ that’s crushed the market

Legendary investor Joel Greenblatt runs the Gotham Index Plus fund, which has beaten 99% of its peers over the past three years. The fund’s methodology is largely based on Warren Buffett’s classic value-investing tenets, with a special twist added. Greenblatt calls his “crude” offshoot of […]

Allies threaten to pull support from May in Brexit dispute

British Prime Minister Theresa May’s parliamentary allies are warning they could remove support from her minority government if she does not alter her Brexit deal with the European Union. read more >>> Source:: CTVNews.Ca

Toms Donates Record $5 Million To End Gun Violence

Founder Blake Mycoskie also launched a massive postcard operation to urge politicians to pass universal background checks. read more >>> Source:: HuffingtonPost.Com

Amazon HQ expansion means tough fight for talent

When tech giants like Amazon expand, other companies don’t just worry about losing business. They also fret about hanging on to their employees. read more >>> Source:: CTVNews.Ca

This year’s APEC summit set out to address problems in the Pacific, but it only deepened the US-China feud

A major Asia-Pacific summit’s failure was down to “deliberate protectionism” and “excusing” by “individual economies,” China’s foreign ministry spokesperson said in a statement on Monday, using loaded language aimed directly at the United States. For the first time since its inception back in 1993, a […]

Young Adults Living at Home May Suffer Professionally

Those who are given financial help from their parents to live independently instead of living rent-free at home tend to do better in the job world, according to a new study. read more >>> Source::

Shock in Japan as Nissan’s Ghosn held in financial probe

The arrest of Nissan Motor Co.’s chairman Carlos Ghosn on charges he underreported his income and misused company funds caused the company’s shares to tumble and left many in Japan shocked by his downfall. read more >>> Source:: CTVNews.Ca

Rupee clears one obstacle only to face another in state polls

Rupee rose today, after RBI agreed to form a panel to study a govt demand for a part of its capital. read more >>> Source:: EconomicTimes.IndiaTimes.Com

Asian stocks slide after Wall Street losses, Nissan arrest

Asian stocks slid Tuesday after tech losses dragged down Wall Street and Nissan’s chairman was arrested on charges of financial misconduct. read more >>> Source:: CTVNews.Ca

Rupee opens 20 paise up at 71.47 against dollar

The local currency advanced 26 paise to 71.67 against the US currency on Tuesday. read more >>> Source:: EconomicTimes.IndiaTimes.Com

Dollar pressured by cautious Fed comments, weak homebuilder sentiment

The dollar index, a gauge of its value versus six major peers, traded relatively unchanged at 96.22 on Tuesday. read more >>> Source:: EconomicTimes.IndiaTimes.Com

The cloud computing market is set to double to $116 billion by 2021 — and it’s probably only good news for Amazon, Google, Microsoft, and Alibaba (AMZN, GOOGL, MSFT, BABA)

The cloud computing market should continue to grow at a rapid pace in coming years, Goldman Sachs said in a new report. But the market is already dominated by four big firms — Amazon, Microsoft, Google, and Alibaba. The opportunity for other players is rapidly […]

Chipotle offers manager accused of racial profiling her job back

Chipotle said Monday that it has offered a fired restaurant manager her job back. She was fired after employees refused to serve five black men unless they could pay before taking their order. The men alleged they were racially profiled; employees say the men repeatedly […]

The US and China are giving off bad signals ahead of a crucial meeting between Trump and Xi Jinping

President Donald Trump is talking up the possibility of progress towards ending the trade war with China. But other parts of the administration are still going after China. Vice President Mike Pence took shots at China during a speech at the Asia-Pacific Economic Cooperation summit […]

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