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Dan McMurtrie and Alex Draime, co-founders of Tyro Partners, knew they wanted to start a hedge fund immediately after graduating from Notre Dame. Since inception in 2015, Tyro Partners has trounced the S&P 500’s performance, garnering an 82.8% return with a concentrated, long-short, value-centric approach to investing. The duo focus on large secular trends, and […]

Stocks rose on Tuesday as investors cheered the prospect of monetary and fiscal stimulus in response to coronavirus. Australia’s central bank cut its key interest rate by 0.25 percentage points to a record low of 0.5%. G7 central bankers and finance chiefs are set to discuss their policy responses to the potential pandemic on a […]

President Trump pressured Fed Chair Jerome Powell to slash US interest rates after Australia’s central bank cut its rate to a record low of 0.5% on Tuesday. “Should ease and cut rate big,” Trump tweeted, adding that Powell has “called it wrong from day one.” Trump’s criticism came hours before a call between G7 finance […]

Google’s former autonomous vehicle project is becoming a more autonomous business by bringing it in its first investors besides its corporate parent. read more >>> Source:: CTVNews.Ca

Tilray Inc. has revealed the company hit a rough patch in its latest quarter, just weeks after announcing it was laying off 10 per cent of its staff to help better achieve profitability. read more >>> Source:: CTVNews.Ca

Elon Musk voiced his support for Twitter CEO Jack Dorsey, who is under attack from activist investor Elliott Management. Musk is CEO of two companies — Tesla and SpaceX — similar to Dorsey, whose role as dual CEO is one of the reasons activist investors are seeking to replace him. Twitter employees have also been […]

The head of the European Central Bank said Monday that Europe’s top monetary authority is ready to take ‘appropriate and targeted measures’ if necessary to support the economy against the headwinds from the new coronavirus. read more >>> Source:: CTVNews.Ca

We just got a look at the 2019 financial results of Clover Health, a health-insurance startup that’s valued at $1.2 billion. Clover lost $67.4 million in 2019, a deeper loss than it posted in 2018 when it lost $40.9 million, according to state insurance filings reviewed by Business Insider. Clover added 10,000 new members by […]

A top engineering manager at Uber departed the company recently, insiders tell Business Insider. Matthew Mengerink, vice president of core infrastructure engineering, has been replaced on an interim basis by Facebook veteran Sumanth Sukamar, a representative said. Other VPs who have left in recent months include those in charge of Uber Eats and New Mobility […]

Robinhood, the trading app popular with millennials, experienced a major outage on Monday that locked iOS, Android, and web users out of trading for several hours. The outage came just as the market rebounded from one of the worst weeks since the financial crisis. Robinhood users are furious — and some are demanding the company […]

The ongoing coronavirus outbreak could result in a dangerous and unique type of global economic recession. The outbreak has already crippled spending activity in China and prompted widespread factory shutdowns, harming both supply and demand in the economic superpower — and infecting economic operations worldwide. Central banks are normally well-positioned to boost demand through rate […]

April 30 is the deadline to file your 2019 income tax return, but Monday, March 2 – today – is the last day to contribute to your RRSP for your 2019 return. read more >>> Source:: CTVNews.Ca

Jack Welch, the American businessman and former CEO of General Electric, has died at the age of 84. Under his 21-year-long leadership at GE, the company’s stock price increased by 4,000% and revenues increased from $25 billion to $130 billion. Shortly before his death, Welch was estimated to be worth $720 million, according to the […]

China’s manufacturing purchasing managers index fell to 35.7 in February, the lowest since the survey began in 2004, according to data released by the National Bureau of Statistics on Saturday. The dismal number comes amid the coronavirus outbreak, which has slowed economic activity in China and disrupted supply chains. Now, the entire world is on […]

Generally speaking, the higher your credit score, the better off you are. But the recovery time from a missed payment or financial setback differs for everyone. read more >>> Source:: CNBC.Com

Jack Welch, who transformed General Electric Co. into a highly profitable multinational conglomerate and parlayed his legendary business acumen into a retirement career as a corporate leadership guru, has died. He was 84. read more >>> Source:: CTVNews.Ca

Key measures of US manufacturing activity in the US fell in February as a novel coronavirus spread outside of China to more than four dozen countries. The outbreak has disrupted global supply chains and raised broader concerns about global growth. “Coronavirus-related supply chain issues threaten to constrain production in coming months,” said Chris Williamson, the […]

The economic fallout from COVID-19 will likely only be short-term, Scotiabank’s deputy chief economist says, as the Bank of Canada is set to announce its next interest rate decision this week. read more >>> Source:: CTVNews.Ca

Jack Welch, the former CEO of General Electric, has died at the age of 84. Visit Business Insider’s homepage for more stories. Jack Welch, the former CEO of General Electric, has died at the age of 84. His death was announced on Monday by his wife, Suzy. The cause of death was renal failure, she […]

Welch led the industrial conglomerate for two decades. read more >>> Source:: HuffingtonPost.Com

The OECD has warned that the global economy is facing its biggest threat since the financial crisis. Global growth is expected to fall as low as 1.5% this year, halving the OECD’s previous 2020 projection from last November of 3%. Visit Business Insider’s homepage for more stories. The world economy is in its most “precarious […]

Your income tax package has an entirely new look this year thanks to the CRA’s decision to revamp the T1 Personal Income Tax return form. CTVNews.ca breaks down the changes. read more >>> Source:: CTVNews.Ca

China is transferring tens of thousands of Uighur detainees out of internment camps and into factories that supply some of the world’s leading brands, an Australian think tank said Monday. read more >>> Source:: CTVNews.Ca

Home values vary considerably nationwide, and that means aspiring buyers will need more—or less—money depending on where they’re putting down roots. read more >>> Source:: Realtor.org

Share prices in Asia bounced back Monday from last week’s retreat, with mainland Chinese indexes gaining more than 3% as data showed progress in restoring factory output after weeks of disruptions from the viral outbreak. read more >>> Source:: CTVNews.Ca

Mike Bloomberg insisted from the presidential debate stage that wrongdoers at his company would be “gone that day.” But at least one senior Bloomberg News editor accused of misconduct remained in his job long after women raised internal complaints, a Business Insider investigation has found. More than a dozen former Bloomberg News insiders told Business […]

People are lining up in droves at Costco stores across Canada and the U.S. as more cases of the novel coronavirus pop up across North America. read more >>> Source:: CTVNews.Ca

American Express employees misled and coerced scores of small-business owners into signing up for cards, according to a Wall Street Journal report. Former and current employees said that AmEx employees sometimes conducted credit checks and issued cards without customers’ consent. American Express cards are often recommended for small business owners looking for travel benefits or […]

The right savings account is one that helps your money grow, and has the features you want, whether that’s the highest interest rate or a good mobile app. You’ll also want to read the fine print to make sure there aren’t any fees for regular activity that you don’t want to pay. But, remember that […]

Between inventory levels, security and staffing, the stress of trying to figure out a new industry has been demanding for business owners. read more >>> Source:: CTVNews.Ca

The Bank of Canada will announce its decision for the overnight rate target on Wednesday. Economists believe the central bank may announce a rate cut. read more >>> Source:: CTVNews.Ca

I bought my first home in 2011. In total, I’ve owned a condo and two houses in three different states. Buying a home can be an expensive and stressful experience, but certain experiences have taught me how to find more joy and confidence in the purchase process. Planning ahead and adding wiggle room to your […]

Inside the controversial “aversion therapy” of Schick Shadel, a 10-day inpatient rehab facility near Seattle. read more >>> Source:: HuffingtonPost.Com

Hello! One minute before midnight on December 29, 2017, one of Mark Zuckerberg’s personal staffers got a phone call. So starts an explosive story from Rob Price and Becky Peterson, which shines a light on the sprawling family office of Mark Zuckerberg and his wife, Priscilla Chan. According to their reporting: Over the past three […]

There are dozens of approved oilsands projects that could be built in the wake of the shelving of the Frontier oilsands mine this week but analysts say they won’t be built until more export pipeline capacity comes online. read more >>> Source:: CTVNews.Ca

Recession fears returned to Wall Street last week as the novel coronavirus spread to more countries and changed the profit outlooks of multiple companies. Lori Calvasina, RBC Capital Markets’ chief US equity strategist, examined what stock sell-offs have historically signaled about the economy based on their severity. Click here for more BI Prime stories. It […]

My wife and I moved from California to New York in 2016 and bought a new house. I expected my property taxes to go up by a few thousand dollars, but I was in for a surprise. After we tore down and rebuilt our home, our property taxes went from $10,000 in California to $20,000; […]

We talked to young, stand-out financial advisers from some of the largest US wealth managers whose practices have grown early in their careers. We spoke with FAs from Morgan Stanley Wealth Management, Wells Fargo Advisors, and Merrill Lynch Wealth Management. These rising-star FAs have only come up in the industry in recent years, and they […]

In many high-priced cities, communal housing is becoming more popular. As a lifestyle, co-living closely resembles college dorm life. And residents love it. read more >>> Source:: CNBC.Com

Billionaire Baupost founder Seth Klarman has been one of the most-followed voices in investing for years. His 1991 book, “Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor,” is considered by many to be the seminal text on value investing. It is out of print, and first editions of the book sell online […]

With the viral outbreak spreading to more countries, the price of oil has dropped precipitously as global demand weakens even further. read more >>> Source:: CTVNews.Ca

Dave Collum, professor of organic chemistry at Cornell University, was able to sidestep the financial crisis after he noticed a calamity brewing in subprime mortgages as early as 2002. Today, he sees vast corporate excesses, massive debt loads, and extremely exuberant valuations as cause for concern. Collum warns of a 50% stock crash that would […]

The coronavirus outbreak’s impact on the world economy grew more alarming on Saturday, even after U.S. President Donald Trump denounced criticism of his response to the threat as a ‘hoax’ cooked up by his political enemies. read more >>> Source:: CTVNews.Ca

Artificial intelligence (AI) applications are estimated to save banks $447 billion by 2023, and front- and middle-office AI improvements could represent more than 90% of these savings. Leveraging AI tools like chatbots, voice assistants, and personalized insights can transform the customer experience by enabling frictionless, 24/7 interactions. Additionally, in middle-office banking, AI can be used […]

The stock swoon is being driven by fear that the coronavirus outbreak will derail the global economy. read more >>> Source:: HuffingtonPost.Com