impact-interest-rate-1024-ph Good morning! It’s Bank of Canada decision week and for many Canadians, Wednesday can only bring bad news. There is little doubt that the Bank will raise its key rate, with…
Category: Business
Facebook and Google face skeptics on Wall Street this week amid digital ad slump
A new video from Inspired by Iceland pushes the experience of life through the “metaverse,” as Mark Zuckerberg described it when rebranding from Facebook to Meta on Thursday, October 28, 2021. Michael…
Hyundai’s bright earnings view clouded by US EV concerns
Increases annual revenue growth forecast to 19-20% Raises full-year operating margin guidance to 6.5-7.5% Cuts vehicle sales forecast to 4.01 million from 4.32 million Q3 net profit drops 3%, misses estimates Stocks…
Bank of Canada expected to announce another interest rate hike amid recession fears – National | Globalnews.ca
Even as warnings of a potential recession grow louder, the Bank of Canada is expected to announce another significant interest rate hike on Wednesday, bringing the bank one step closer to the…
Live stock market news updates: Stocks soar to kick off key earnings week
US stocks rose on Monday to start a key week in which Wall Street awaits earnings from some of the biggest market players. The S&P 500 (^GSPC) climbed about 1.2% while the…
Tesla stock tumbles after cutting car prices in China | CNN Business
Tesla has cut starting prices for its Model 3 and Model Y cars by up to 9% in China, reversing an upward trend in the industry amid signs of slowing demand in…
Fundamentals ‘Flash Red’ as Last Pillar of Credit Crashes
Breadcrumb Links New Investor Finance Corporate credit conditions are deteriorating, says Janus Henderson Investors Author of the article: Bloomberg News Tasos Vossos A crosswalk sign flashes red in Toronto’s financial district. Photo…
Boomtown no more: How Alberta’s economy has changed, despite sky-high oil prices – BNN Bloomberg
To take the temperature of the local economy, the mayor of Lloydminster, Gerald Aalbers, has only to look out the window. From his office at City Hall, Aalbers — which, because Lloydminster…
JPMorgan chairman says recession could be price of beating inflation, market bottom not yet
Daniel Pinto, Co-Chairman and Chief Operating Officer of JPMorgan Chase & Co., speaks at the Institute of International Finance (IIF) Annual Members Meeting in Washington, DC on October 18, 2019. Al-Draco |…
GameStop Stock (GME): Most Profitable Lender Stock in Q3
The US securities lending market has grown significantly this year. An increase in average fees, due to strong demand for meme stocks, was a major driver of growth. GameStop stock is currently…