Yahoo is laying off about 1,700 employees and shedding some of its excess baggage in a shake-up likely to determine whether CEO Marissa Mayer can save her own job. read more >>> Source : CBC.Ca
Seasonality cannot always be explained but it’s certainly another pattern to look out for. The team at ANZ show that February is a good month for going long Aussie against the USD: Here is their view, courtesy of eFXnews: Long AUD/USD is the best seasonal FX trade for the month of February, notes Australia and […]
An annuity may make your retirement more secure, but buy cautiously. read more >>> Source : BankRate.Com
There was red all over the screen on Tuesday as stocks got slammed, oil got slammed, and Treasuries rallied in a classic risk-off session. After oil and stocks diverged on Monday — stocks did nothing and oil sank — both oil and stocks fell in tandem on Tuesday. First, the scoreboard: Dow: 16,154, -294, (-1.8%) […]
Good news for Ferrari owners wasn’t quite so good for the automaker’s shareholders. read more >>> Source : CNBC.Com
* More planes could later be acquired (Releads with signing, adds civil aviation minister) read more >>> Source : Reuters
You might say Leggett & Platt (LEG) is a stock you can sleep with. The company patented the bedspring in 1885, a high-tech advance that offered the most comfortable night’s sleep a 19th century denizen could hope for. Today, it makes state-of-the-art quilting, sewing, and wire-forming equipment for the bedding industry and supplies a wide […]
MEXICO CITY, Feb 2 (Reuters) – Mexico’s central bank on Tuesday said it sold $200 million of $200 million offered in its second auction during the session after a sharp slump in the peso currency. read more >>> Source : Reuters
CNBC’s Morgan Brennan dives into the latest results from BP and Exxon Mobil. read more >>> Source : CNBC.Com
An S&P 500 10% below its May high and a Nasdaq down 13% from its peak in July take a toll on the number of stocks able to meet the strict requirements that drive the Sector Leaders list. A year ago, as the market was gearing to swing into this lengthy consolidation, the Sector Leaders […]
We’re finally about to get Chipotle’s first earnings results since the E. coli outbreak linked to it. After the market close on Tuesday, the restaurant chain is expected to confirm that its quarterly sales fell for the first time since it went public about a decade ago. The E. coli outbreak linked to Chipotle, first […]
The International Labor Organization is launching a program to find decent, sustainable jobs for the world’s 74 million unemployed youths. Director-General Guy Ryder said the world is facing a “global employment crisis,” which is disproportionately affecting young men and women. “If you’re under 25 years old, you are three times more likely to be unemployed […]
Federal lawmakers have released excerpts from thousands of documents detailing how two drugmakers hiked prices to squeeze more revenue from some life-saving medicines, a practice that has recently sparked public outrage. read more >>> Source : CBC.Ca
Without a single Committee Democrat voicing support, the House Education and the Workforce Committee reported out two bills earlier today that purport to require all financial professionals to act in the best interests of their customers when providing retirement investment advice. Clearly, Committee Democrats saw through the pretense and recognized that these bills would codify […]
FA Insights is a daily newsletter from Business Insider that delivers the top news and commentary for financial advisors. Students don’t know much about their college loans (Lendedu) Student loan marketplace Lendedu says 7 out of 10 students leave college with at least some student debt, and on average with a bill of just less […]
Ontario’s insurance regulator has approved coverage for drivers using ride-hailing services such as Uber, even as the province’s legislature has yet to decide if such services are legal. read more >>> Source : CTVNews.Ca
Despite boasting several advantages, including refueling time and overall efficiency, hydrogen fuel cell vehicles (FCVs) are loosing badly to battery-powered electric vehicles, (BEVs) a study by the University of Michigan found. The study, authored by Brandon Schoettle and Michael Sivak of the university’s Transportation Research Institute, concluded that limited infrastructure is likely the largest contributor […]
EUROPE’S biggest economy was plunged into fresh chaos tonight amid warnings a new financial crisis in Germany could destroy the EU. read more >>> Source : The Daily Express
WASHINGTON, Feb 2 (Reuters) – U.S. Defense Secretary Ash Carter said on Tuesday the Pentagon would seek a $582.7 billion defense budget next year and reshape its spending priorities to reflect a new strategic environment marked by Russian assertiveness and the rise of Islamic State. read more >>> Source : Reuters
Advocacy group ACORN Canada says some low-income Canadians are having to take money from their rent and food budgets to pay for the Internet. read more >>> Source : CTVNews.Ca
California’s attorney general is suing the gas company that failed to contain or report an LA gas leak. read more >>> Source : CNBC.Com
(Adds background, detail and analyst comment) WELLINGTON, Feb 3 (Reuters) – A sharp fall in prices at the GlobalDairyTrade auction on Tuesday will add to pressure on New Zealand farmers, the majority… read more >>> Source : Reuters
DAMMAM, Saudi Arabia — On Feb. 15, 2011 the wave of protests that had already struck Tunisia and Egypt spilled over to Benghazi, Libya. In front of the courthouse in the north of the city stood a few lawyers demanding the release of one of their colleagues, Fathi Terbil, who represented the families of the […]
If you haven’t already downloaded Windows 10, your computer may do it for you automatically as soon as this week. read more >>> Source : CBC.Ca
EURUSD: With EUR taking back more than half of its Friday losses on Monday and following through higher on Tuesday, it looks to test is falling trendline at 1.0971. But be cautious ahead of the mentioned declining trendline. Support lies at the 1.0850 level. Further down, support lies at the 1.0800 level where a violation […]
Feb 2 (Reuters) – Delta Air Lines Inc delayed boarding for about two dozen flights on Tuesday as a result of a brief outage in its software that powers ground operations, a spokesman said. read more >>> Source : Reuters
BRASILIA, Feb 2 (Reuters) – Brazil’s government plans to set legal limits to public expenditures and adopt flexible fiscal targets as part of the reforms needed to rekindle economic growth, President… read more >>> Source : Reuters
A vice-president at the Canadian Association of Petroleum Producers says some criticism of the Trans Mountain pipeline review process has been shameful and even abusive. read more >>> Source : CTVNews.Ca
The largest continent by size and population, Asia has also grown into a financial powerhouse. It’s home to the world’s second-, third-, and ninth-largest economies in China, Japan, and India, respectively. The continent is also the playground for 10 of the planet’s 50 wealthiest people, who are worth a combined $205 billion. With a fortune […]
Overall, the US is growing at a pretty modest pace. But some states aren’t doing so well. As the Philly Fed’s latest coincident indexes survey shows, seven states — North Dakota, Alaska, Wyoming, Wisconsin, Illinois, Louisiana, and Mississippi — saw economic activity contract during the three months ending in December. It’s worth pointing out that […]
Like all forms of credit, personal loan lenders use risk-based pricing. The worse your credit is, the higher the interest rate on your loan. read more >>> Source : BankRate.Com
Phil McGraw grew up as a poor but hard-working and ambitious kid from Oklahoma. A glimpse of his future genius and level of hustle came one stormy night when no one, especially the other paperboys or anyone in their right mind for that matter, dared go outside. But young Phil was determined to collect money […]
ROME, Feb 2 (Reuters) – Italy’s Trevi Group has won a contract to carry out repairs on the deteriorating Mosul hydro-electric dam in Iraq and is expected to sign a contract in the coming days, Foreign Minister Paolo Gentiloni said on Tuesday. read more >>> Source : Reuters
Britain’s BT Group said large numbers of its customers had lost connection to the Internet on Tuesday. read more >>> Source : CNBC.Com
Packaged bank accounts are set to become the next big mis-selling scandal after a near 500 per cent surge in complaints by angry customers over the last two years. read more >>> Source : The Daily Express
The Zika virus has hit India’s Tata Motors, which has decided to rebrand a soon-to-be launched hatchback vehicle which was to have been called ‘Zica,’ an abbreviation of ‘Zippy Car.’ read more >>> Source : CBC.Ca
Alphabet now comes before Apple atop the list of the world’s most valuable companies. Shares of Google’s parent company are pulling ahead of Apple in early trading Tuesday. Alphabet Inc. first took the top spot during Monday’s extended session following strong fourth-quarter earnings. Apple Inc.’s iPhone, meanwhile, is suffering its first downturn since it debuted […]
On Thursday, Valeant Pharmaceutical’s CEO will testify before Congress on his company’s drug pricing practices. You can expect there to be some heated words from the bipartisan committee, which is helmed by Rep. Elijah E. Cummings, (D-MD). Before the hearing, Cummings’ office dropped a memo quoting a bunch of internal Valeant e-mails, confirming what everyone […]
Dow Chemical reported better-than-expected quarterly profit on higher margins and that its CEO will retire by mid-2017. read more >>> Source : CNBC.Com
Keiretsu is a post-war Japanese concept and way of doing business. At its root, it is a network composed of entrepreneurs, supply chain partners, and investors who remain financially independent but work closely together to ensure each other’s success. In Japanese, the word keiretsu means “lineage affiliated group.” In business, the word is often used […]
After months of falling crude prices, major oil companies are reporting stunning profit declines that are expected to cause more turmoil on global stock markets this winter. read more >>> Source : CTVNews.Ca
* No bids submitted, tender cancelled (Adds GASC direct contract, quotes, background) read more >>> Source : Reuters
* U.S. Treasury yields fall to 9-month lows (Updates with opening of U.S. markets; pvs dateline London) read more >>> Source : Reuters
Exxon Mobil Corp, the world’s largest publicly traded oil company, reported its smallest quarterly profit in more than a decade on Tuesday as it felt the sting of sharply lower prices for its products. read more >>> Source : CBC.Ca
The big automakers are reporting their US sales performance for January throughout Tuesday morning. Every company that’s released its numbers so far has beat analysts’ forecasts. Analysts estimate that overall vehicle sales totaled 17.30 million, down from 17.34 in December, according to Bloomberg. In 2015, auto sales rose to a post-recession high, reflecting the robustness […]