The US securities lending market has grown considerably this year. An increase in average fees, due to strong demand for meme stocks, was a major driver of growth. GameStop stock is currently…
Category: Business
US stocks continue to rally as big tech earnings loom – BNN Bloomberg
U.S. stocks rallied for a second straight session as investors braced for some of the world’s biggest companies to report earnings this week. Traders also wondered if the Federal Reserve would slow…
‘Whistling past the graveyard’: Bank of Canada expected to push ahead with October rate hike as recession looms
Content of the article Canada’s top economists expect the Bank of Canada to deliver another outsized rate hike on Wednesday in its ongoing fight against decades-high inflation. Content of the article The…
Your heating costs could jump $500 or more this year. Here’s how to stay warm while paying less
As Ontario natural gas prices have risen On October 1, Lina Mockus was primed for impact. The Toronto owner was proactive; she replaced her old natural gas boiler with a combination unit…
Wind executives worried about US offshore ambitions
The Biden administration wants to spark an American boom in offshore wind power, growing the industry from less than 1 gigawatt today to 30 GW by the end of the decade –…
Freeway, the Crypto Platform That Promised 43% Returns, Halts Withdrawals
Sadie Hutton, founder and co-CEO of Freeway, the UK-based crypto platform that halted withdrawals on Sunday.Screenshot: Highway / YouTube Freeway, a UK-based crypto platform that promised annual returns of up to 43%,…
Fundamentals ‘Flash Red’ as Last Pillar of Credit Crashes – BNN Bloomberg
Corporate credit conditions are deteriorating, with the last of three key metrics “now flashing red,” according to a traffic light system used by Janus Henderson Investors. The outlook for cash flow and…
What Warren Buffett Said 20 Years Ago Still True With Market Down 23% Again | The Motley Fool
The S&P500 is down 22% year-to-date, at the time of this writing – one of the worst one-year performances in many investors’ lives. Returns in 2008 were worse, with stocks falling 38%…
Hong Kong shares plunge 6% as fears over Xi’s third term outweigh Chinese GDP data | CNN Business
hong kong CNN Business — Hong Kong stocks had their worst day since the 2008 global financial crisis, just a day after Chinese leader Xi Jinping secured his iron grip on power…
Alberta oil production booms, but majority of revenue leaves province – Edmonton | Globalnews.ca
Since the beginning of the year, oil production in Alberta has been booming. “We produce about $12 billion worth of oil a month,” said Alberta Central chief economist Charles St-Arnaud. “To give…