Posts Tagged by GLOBAL ECONOMY AND BUSINESS NEWS: Global economy and business news

11 insider facts about McDonald’s that employees know and most customers don’t

McDonald’s employees know all about how things are run at the fast-food giant. Customers might miss out on some secrets that are obvious to employees. Here’s a look at some insider facts from employees that you should know if you’re planning to go a Big […]

Amazon spikes to an all-time high after crushing earnings (AMZN)

Amazon reported first-quarter earnings that crushed expectations on Thursday. The stock spiked to an all-time high, up more than 7%, on the results. Follow Amazon’s stock price in real-time here. Shares of Amazon are surging, up as much as 7%, after the e-commerce giant reported […]

Air Canada offers to help passengers stranded by possible WestJet pilot strike

Air Canada is turning the tables on WestJet by taking advantage of labour uncertainty at its Calgary rival with a suggestion that it is ready to adjust schedules and capacity to limit passenger disruptions. read more >>> Source:: CTVNews.Ca

What Amazon’s new headquarters could mean for rents

The possibility of winning the Amazon headquarter contest in Nashville worries locals over the prospect of more people, more traffic, and higher rents, the New York Times reports. read more >>> Source:: CNBC.Com

Citigroup just handed a 37-year old rising star a seat on the firm’s most powerful management committee

Citigroup chief executive Mike Corbat has named his chief of staff, Sara Wechter, to replace Mike Murray running human resources, according to an internal memo. The promotion hands Wechter, who is 37 years old, a seat on the firm’s most powerful management committee. Citigroup has […]

Canada’s housing industry is still highly vulnerable to market instability: CMHC

Canada’s housing sector is facing a high degree of vulnerability to market instability for the seventh straight quarter, with Toronto, Hamilton, Vancouver and Victoria shouldering the brunt of the risks. read more >>> Source:: CTVNews.Ca

Fairfax eyeing some U.S. stores after Toys ‘R’ Us Canada purchase

Fairfax Financial Holdings’ president says its plans for Toys “R” Us are not limited to Canada, as it is exploring options to keep a foothold in the U.S. read more >>> Source:: CTVNews.Ca

Here’s what is keeping stocks from completely crashing with the 10-year above 3%

Yields on 10-year Treasury notes broke through 3% on Tuesday for the first time since 2014. The rise in the 10-year yield has the potential to dampen spending as consumers and companies spend more to service their debt. Stock prices dropped Tuesday as this closely […]

Ford says it’s already seeing a big impact from Trump’s tariffs

Ford said President Donald Trump’s new tariffs were at least partially responsible for costs increasing by $480 million in the first quarter of 2018. Despite the unplanned costs, the company still posted earnings that beat analysts expectations. Follow Ford’s stock price in real-time here. President […]

There’s soaring interest in CBD, the marijuana compound in a drug that could be the first to win FDA approval — here’s what it does

CBD, or cannabidiol, is a non-psychoactive component of cannabis that won’t get you high. Researchers are beginning to study its potential health applications, which range from pain relief to curbing certain types of epileptic seizures. Scientists and startups working on cannabis-based drugs say the biggest […]

18 secrets from real estate insiders for maximizing your profits

From timing the sale of your home to putting your home in a trust, here are 18 tips for maximizing your profits on real estate from read more >>> Source:: CNBC.Com

Rupee recoups 15 paise to 66.75 against US dollar

Overall, forex market sentiment remained subdued due to sustained rise in crude oil prices, stirring up more concerns over widening trade deficit. read more >>> Source:: EconomicTimes.IndiaTimes.Com

An ‘ugly Christmas sweater’ company is making a fortune on these bitcoin and Ethereum sweaters — and the crypto crowd loves them

Hodlmoon makes $59 “ugly sweaters” emblazoned with the logos of popular cryptocurrencies, including bitcoin, Ethereum, and Litecoin. The garment is becoming the unofficial uniform for crypto investors. After launching last October, Hodlmoon sold more than 2,000 ugly sweaters and generated approximately $200,000 in revenue in […]

Loblaw shareholders to vote on union proposal for independent chair

Shareholders of Loblaw Companies Ltd. are being asked to vote on a proposal at their annual meeting this year to require the chair of the company be an independent director, a move the company opposes. read more >>> Source:: CTVNews.Ca

These are the 5 worst housing markets for millennials

Low supply and high demand are pushing prices higher everywhere, but the situation varies slightly city-to-city. read more >>> Source:: CNBC.Com

Snap jumps after announcing its new and improved Spectacles (SNAP)

Snap shares are rallying after the company released the details of its new and improved version of its Spectacles. The new version will incorporate things that customers had wanted, according to Snap Senior Vice President of Hardware Mark Randall. Watch Snap trade in real time […]

DavidsTea directors fight back against retail co-founder’s slate of nominees

The board of DavidsTea is fighting back against a co-founder’s attempt to replace them with a dissident slate of nominees. read more >>> Source:: CTVNews.Ca

Facebook is surging after crushing on earnings and adding more users than expected (FB)

Facebook blew past Wall Street’s expectations on almost every key metric in the first quarter. Shares are spiking in pre-market trading. Watch Facebook trade in real time here. Facebook shares are spiking in pre-market trading 8.06% Thursday, to $172.56 a share, after the company reported […]

European Central Bank head to sift mixed signs on economy

The European Central Bank has left its key interest rates and stimulus settings unchanged as it sizes up conflicting signs about how well the economy is doing in the 19 countries that use the euro. read more >>> Source:: CTVNews.Ca

AMD surges after a stellar earnings report (AMD)

Advanced Micro Devices reported first-quarter earnings Wednesday that beat Wall Street expectations. The chipmaker reported adjusted earnings of $0.11 per share on revenue of $1.65 billion while increasing its second-quarter revenue guidance. Follow AMD’s stock price in real-time here. Shares of AMD (Advanced Micro Devices) […]

Ford’s all but getting out of the car business in North America

Ford Motor Co. said Wednesday it will shed most of its North American car lineup as part of broad plan to save money and make the company more competitive in a fast-changing marketplace. read more >>> Source:: CTVNews.Ca

Wall Street is afraid of the wrong thing when it comes to Trump’s trade wars

Wall Street is on the fritz again about rising bond yields. The concern stems from a misguided fear that tariffs and a potential trade war will raise inflation more than they hurt growth. “Tariffs and other protectionist measures do not create inflation, they just lead […]

Rare rupee bull says currency to gain as RBI will raise rates

The rupee will strengthen to as much as 62 per dollar by the end of 2018, said Shilan Shah. read more >>> Source:: EconomicTimes.IndiaTimes.Com

B.C. government to unveil details on pipeline reference case

Details are expected to be released today about British Columbia’s court case that questions if the province has the power to regulate the flow of oil from the Trans Mountain pipeline expansion. read more >>> Source:: CTVNews.Ca

‘There is no time to lose:’ Deutsche Bank is embarking on a major overhaul — and it will lead to big job losses

Deutsche Bank set for major business overhaul including significant job losses. The German lender plans to scale back US operations in both rates sales and trading, while corporate finance operations in both the USA and Asia will shrink. Changes come as the bank reports a […]

The CEO of a bank that hit a $1.7 billion valuation in less than 3 years talks to us about US expansion and ‘building something bigger than’ HSBC

Banking startup Revolut raised $250 million on Thursday at a valuation of $1.7 billion. It makes Revolut one of the fastest tech companies to reach unicorn status in Europe. CEO Nikolay Storonsky tells BI he thinks Revolut can keep growing at pace and talks about […]

London banking startup Revolut is now worth $1.7 billion — just 33 months after launching

Fintech Revolut raised $250 million at $1.7 billion valuation. Russian billionaire Yuri Milner’s DST Global led the funding round. Funding will fuel international expansion and hiring. Revolut started as a no-fee foreign exchange app but has expanded into banking and insurance. LONDON — Financial technology […]

Asian markets mixed as investors consider earnings

Asian share benchmarks were mixed on Thursday as investors digested the latest quarterly corporate earnings. read more >>> Source:: CTVNews.Ca

Rupee edges up to 66.88 against dollar

This was the lowest closing for the rupee since February 22, 2017. read more >>> Source:: EconomicTimes.IndiaTimes.Com

Samsung’s profit exceeds expectation thanks to memory chips

Samsung Electronics Co. reported Thursday better-than-expected quarterly financial results as global data centres continued to fuel robust demand for its mainstay memory chips that posted another record-high quarterly profit. read more >>> Source:: CTVNews.Ca

Mark Zuckerberg revealed one of his ‘great regrets’ — and the timing is no accident (FB)

Facebook CEO Mark Zuckerberg said he regrets not having a bigger impact on “the way that mobile platforms developed” in the last decade. Because Facebook was a small company when iOS and Android were first emerging, he says “that just wasn’t a thing we were […]

Study: May Is Luckiest Month for Real Estate

Home sellers appear to be most successful in the fifth month of the year, but what’s the best day to sell a home? read more >>> Source::

Aecon Group reports loss of $19.2 million, takeover deal still unresolved

Aecon Group Inc. says it’s focused on securing and completing projects while it continues to move forward with a proposed takeover by CCCC International Holding Ltd. read more >>> Source:: CTVNews.Ca

Amazon is trading at more than 200 times its earnings — here’s why that’s not as crazy as it sounds (AMZN)

Ahead of Amazon’s earnings report Thursday, the company is trading at a steep premium to its earnings. Even with that premium, bulls have lots of reasons to like the company and its stock. But there are some clouds overhanging the company, including criticism from President […]

Stocks are defying conventional wisdom — and their strange behavior offers a huge hint about what’s really driving the market

The stock market is doing something unexpected, bucking forecasts that investment experts have been making for months. The dynamic goes a long way toward showing what’s driving equities. The stock market isn’t obeying the playbook laid out by investment experts. For months, so-called yield proxy […]

Silicon Valley can’t handle hard conversations — and it’s hurting entrepreneurs

There’s a growing lack of transparency in Silicon Valley boardrooms, and startup founders report that they’re deprived of mentorship. Founders report that investors are often unable to engage in difficult conversations. Last year, the amount of available venture capital within the US swelled to a […]

Canada, U.S. spar over late-stage sticking point in NAFTA: sunset clause

In the late stages of bargaining, with hopes of a deal within days, sources say the United States has made clear it wants some sort of additional mechanism allowing the easy termination of NAFTA after a few years. read more >>> Source:: CTVNews.Ca

Dollar rises to three-month high as US 10-year yield stays above 3%

Stocks closed mixed Wednesday, paring losses from a tech selloff earlier in the day. A rising 10-year Treasury yield lifted the dollar to its highest level since January. Here’s the scoreboard: Dow Jones Industrial Average: 24,081.21 +57.08 (+0.24%) S&P 500: 2,631.99 −2.57 (-0.098%) AUD/USD: 0.7564 […]

Goldman Sachs is betting a Bachelorette star can boost its hot new business

Goldman Sachs is trying to tap into America’s reality television craze to pitch its new consumer loans. The investment bank has partnered with JoJo Fletcher, who gained fame on ABC’s Bachelorette show and will now pitch the firm’s home renovation loans, the company announced on […]

Air carriers urge feds to slow down flight-time limits for sleepy pilots

Canada’s air travel industry is urging the federal government to pull back on its plan to impose rigid new limits on how long commercial pilots are allowed to keep flying. read more >>> Source:: CTVNews.Ca

Aluminum prices could plunge further — even if Russia sanctions remain in place

Aluminum prices rose to multi-year highs last week on the back of US sanctions against Russia. The US has since softened its tone on Russian aluminum giant Rusal Co. But even if aggressive sanctions remain in place, some think aluminum prices will continue to fall. […]

Sales are going to be down this year but it won’t be because of mortgage rates, says Redfin CEO

Redfin CEO Glenn Kelman discusses inventory being the problem in the housing market rather than rising mortgage rates. read more >>> Source:: CNBC.Com

Apple could be making a huge change to iPhone naming this year (AAPL)

Apple used to stick to a consistent pattern for numbering its iPhones. But the iPhone X messed the system up. One analyst believes that Apple may be ready to drop numbers entirely — so this year’s model might not be iPhone 9, but just iPhone. […]

Saskatchewan seeks Court of Appeal ruling on federal carbon tax

The Saskatchewan government is asking the province’s Appeal Court to rule on whether the federal government can impose a carbon tax. read more >>> Source:: CTVNews.Ca

General Motors to add 700 workers at Tennessee factory

General Motors is adding a shift at a Tennessee factory that makes GMC and Cadillac SUVs, putting about 700 people to work. read more >>> Source:: CTVNews.Ca

Next Page »