Company News for May 3, 2024

The Motley Fool
Why I Can’t Stop Buying Shares of This Magnificent High-Yield Dividend Stock in My TFSA
Seeking a reliable income stream for your TFSA? Consider this sustainable high-yielding dividend payer. The post Why I Can’t Stop Buying Shares of This Magnificent High-Yield Dividend Stock in My TFSA appeared first on The Motley Fool Canada.
The Motley Fool
1 of the Best Dividend-Paying Bank Stocks to Buy Now and Hold Forever
Here’s a very reliable, dividend-paying Canadian bank stock you can buy at a bargain right now and hold for the long term. The post 1 of the Best Dividend-Paying Bank Stocks to Buy Now and Hold Forever appeared first on The Motley Fool Canada.
The Motley Fool
A Dividend Giant I’d Buy Over Suncor Energy Stock
Suncor Energy stock has crushed the broader markets in the last 20 years. But this TSX energy stock has beaten Suncor by a wide margin. The post A Dividend Giant I’d Buy Over Suncor Energy Stock appeared first on The Motley Fool Canada.
Variety
Trump’s Social Media Company Posts Q1 Revenue of $770,500 and Net Loss of $327.6 Million
Trump Media and Technology Group, the company affiliated with former U.S. president Donald Trump that operates Truth Social, reported $770,500 in revenue for the first quarter of 2024 and a net loss of $327.6 million. Shares in Sarasota, Fla.-based TMTG — which says it is a “safe harbor for free expression amid increasingly harsh censorship …
Business Insider
China ramps up de-dollarization efforts by dumping a record amount of US bonds
China sold a record $53.3 billion worth of US Treasurys and agency bonds last quarter as it accelerates diversification from dollar assets.
Reuters
Nvidia earnings could spark $200 billion swing in shares, options show
Traders are pricing in a big move for Nvidia’s shares after the chipmaker reports earnings on Wednesday, though expectations for volatility are more muted than in the past, U.S. options markets show. Nvidia's options are primed for an 8.7% swing in either direction by Friday, according to data from options analytics firm Trade Alert. While massive by most measures, that implied move would fall far short of the 16.4% jump Nvidia’s shares notched after the company’s most recent quarterly earnings report.
Bloomberg
Tesla Shareholder Group Slams Elon Musk’s $56 Billion Pay Package
(Bloomberg) -- A coalition of Tesla Inc. shareholders is urging its peers to reject the $56 billion pay package for Chief Executive Officer Elon Musk that the company’s board has asked investors to approve again.Most Read from BloombergOne Dead After Singapore Air Flight Hit By Severe Turbulence‘It Felt Like We Had Crashed,’ a Singapore Air Passenger RecallsHims Debuts $199 Weight-Loss Shots at 85% Discount to WegovyTesla Shareholder Group Slams Elon Musk’s $56 Billion Pay PackageAmalgamated Ban
Bloomberg
Bank Regulator in Canada Warns of Housing-Payment Shock by 2026
(Bloomberg) -- Canada’s banking watchdog warned that many homeowners who took out mortgages when rates were near zero during the pandemic will soon face a reckoning as those loans renew.Most Read from BloombergThese Flight Routes Suffer the World’s Worst TurbulenceOne Dead After Singapore Air Flight Hit By Severe TurbulenceCiti Trader Got 711 Warning Messages Before Sparking Flash Crash‘It Felt Like We Had Crashed’: Singapore Air Passenger Describes Turbulence TerrorThe “payment shock” faced by
The Canadian Press
London Drugs says it's unwilling to pay ransom demanded by hackers
RICHMOND, B.C. — Retailer London Drugs says it is "unwilling and unable" to pay a multimillion-dollar ransom to cybercriminals who claim to have stolen data in a hacking attack that recently shut down its stores for more than a week.
BuzzFeed
People Are Sharing Famous Companies That Went Bankrupt Over Dumb Decisions, And Now I Finally Know What Happened To Circuit City
"Restaurants brought out the servings slowly and were like, 'Nobody is going to sit there for hours and just eat them.' Actually, lots of people did."
The Motley Fool
TD Bank in Hot Water: An ‘Exceptional’ Opportunity
Is TD Bank stock a buy after its money-laundering regulatory problems? The post TD Bank in Hot Water: An ‘Exceptional’ Opportunity appeared first on The Motley Fool Canada.
Bloomberg
‘All Eyes on TD,’ US Probes as Canadian Bank Earnings Begin
(Bloomberg) -- Toronto-Dominion Bank and its US money-laundering woes are set to dominate the start of Canadian bank earnings season this week. Most Read from BloombergThese Flight Routes Suffer the World’s Worst TurbulenceOne Dead After Singapore Air Flight Hit By Severe TurbulenceCiti Trader Got 711 Warning Messages Before Sparking Flash Crash‘It Felt Like We Had Crashed’: Singapore Air Passenger Describes Turbulence TerrorIt’s “all eyes on TD,” Bank of America Securities analysts led by Ebrah
Reuters
Canada's Power Corp shuts down China unit, lays off staff, sources say
Power Corporation of Canada (Power Corp) has shut its China investment unit and dismissed all staff, said two people briefed on the matter, becoming the latest Western financial firm to pull back amid the country's economic challenges. Power Sustainable, which is the asset management arm of Power Corp and manages $4.5 billion of assets globally, started laying off all of its 17 local staff in recent weeks as it moved towards shutting down the Shanghai-based unit, said the people. Economic slowdown has seen many of the Western financial firms that scrambled to expand China operations a few years ago take a hit on their earnings and rein in their ambitions for what was a key piece of their global growth strategy.
The Motley Fool
3 Dividend Stocks With Attractive Yields for Sale Now
Dividends provide income and potentially stable returns for investors while holding the investment. The post 3 Dividend Stocks With Attractive Yields for Sale Now appeared first on The Motley Fool Canada.
The Motley Fool
A Once-in-a-Generation Investment Opportunity: 1 High-Yield Dividend Stock to Buy Now and Hold Forever This May
Brookfield Asset Management is a high-dividend TSX stock that can help you outpace the broader markets in the upcoming decade. The post A Once-in-a-Generation Investment Opportunity: 1 High-Yield Dividend Stock to Buy Now and Hold Forever This May appeared first on The Motley Fool Canada.
Yahoo Finance Canada
Canada's inflation rate cools to 2.7 per cent in April, likely giving BoC 'all clear' for June rate cut
"Canadians look likely to get a small dose of rate relief in the coming weeks."
Barrons.com
GameStop, AMC Are Down. Investors Lost $13 Billion on Meme Stocks Last Week.
Meme stocks, which are trading largely divorced from company fundamentals, have seen a resurgence last week when social media user Roaring Kitty posted for the first time in years.
The Motley Fool
2 Incredibly Cheap Energy Stocks to Buy Now
Two cheap energy stocks are the best deals in TSX’s top-performing sector in 2024. The post 2 Incredibly Cheap Energy Stocks to Buy Now appeared first on The Motley Fool Canada.
INSIDER
It's so tough to pay cash in China that the government had to fine a KFC for not accepting banknotes
China has been pushing for businesses to leave the door open for customers to use cash, with foreigner visitors saying they're struggling to spend.
The Motley Fool
3 No-Brainer Stocks to Buy With $20 Right Now
Here are three no-brainer stocks that are suitable for anyone getting started on their investing journey. The post 3 No-Brainer Stocks to Buy With $20 Right Now appeared first on The Motley Fool Canada.

S&P/TSX

S&P 500

DOW

CAD/USD

CRUDE OIL

Bitcoin CAD

CMC Crypto 200

GOLD FUTURES

RUSSELL 2000

10-Yr Bond

NASDAQ

VOLATILITY

FTSE

NIKKEI 225

CAD/EUR

STOCKS SLIP AS WAIT FOR NVIDIA EARNINGS NEARS END

Company News for May 3, 2024

Latest Stories

Why I Can’t Stop Buying Shares of This Magnificent High-Yield Dividend Stock in My TFSA

1 of the Best Dividend-Paying Bank Stocks to Buy Now and Hold Forever

A Dividend Giant I’d Buy Over Suncor Energy Stock

Trump’s Social Media Company Posts Q1 Revenue of $770,500 and Net Loss of $327.6 Million

China ramps up de-dollarization efforts by dumping a record amount of US bonds

Nvidia earnings could spark $200 billion swing in shares, options show

Tesla Shareholder Group Slams Elon Musk’s $56 Billion Pay Package

Bank Regulator in Canada Warns of Housing-Payment Shock by 2026

London Drugs says it's unwilling to pay ransom demanded by hackers

People Are Sharing Famous Companies That Went Bankrupt Over Dumb Decisions, And Now I Finally Know What Happened To Circuit City

TD Bank in Hot Water: An ‘Exceptional’ Opportunity

‘All Eyes on TD,’ US Probes as Canadian Bank Earnings Begin

Canada's Power Corp shuts down China unit, lays off staff, sources say

3 Dividend Stocks With Attractive Yields for Sale Now

A Once-in-a-Generation Investment Opportunity: 1 High-Yield Dividend Stock to Buy Now and Hold Forever This May

Canada's inflation rate cools to 2.7 per cent in April, likely giving BoC 'all clear' for June rate cut

GameStop, AMC Are Down. Investors Lost $13 Billion on Meme Stocks Last Week.

2 Incredibly Cheap Energy Stocks to Buy Now

It's so tough to pay cash in China that the government had to fine a KFC for not accepting banknotes

3 No-Brainer Stocks to Buy With $20 Right Now