• Italy Suffers Recession Alone in Economic, Political Isolation
    Bloomberg6 minutes ago

    Italy Suffers Recession Alone in Economic, Political Isolation

    Italy isn’t just economically isolated. While growth in the euro area as a whole has weakened, Italy’s slowdown is particularly stark. “Italy’s technical recession appears to be an Italian problem thus far,” said Fabio Fois, a senior European economist at Barclays.

  • Energy and materials boost Toronto market, U.S. stocks push higher
    The Canadian Press7 minutes ago

    Energy and materials boost Toronto market, U.S. stocks push higher

    TORONTO — Gains in the energy and materials sectors helped boost Canada's main stock index in late-morning trading, while U.S. stock markets also pushed higher.The S&P/TSX composite index was up 62.19 points at 16,063.05.In New York, the Dow Jones industrial average was up 169.03 points at 26,019.66

  • Dow above 26,000 for the first time since November
    Yahoo Finance14 minutes ago

    Dow above 26,000 for the first time since November

    U.S. equities are rising ahead of a highly anticipated meeting between President Donald Trump and China’s top trade negotiator.

  • Juul is going after top tech talent from Amazon and Google
    Yahoo Finance17 minutes ago

    Juul is going after top tech talent from Amazon and Google

    Juul has been targeting engineers from companies like Amazon and Google to revamp its e-commerce business—but also, perhaps, to shift its corporate image.

  • Canada posts small budget surplus in first nine months of 2018/19
    Reuters19 minutes ago

    Canada posts small budget surplus in first nine months of 2018/19

    OTTAWA, Feb 22 (Reuters) - Canada posted a small budget surplus in the first nine months of the 2018/19 fiscal year compared to a large deficit the year earlier thanks to increased revenues, the finance ministry said on Friday. The surplus for April-December was C$0.32 billion ($0.24 billion), compared

  • The Canadian Press2 minutes ago

    Fed will be 'patient' in rate hikes amid global growth woes

    WASHINGTON — The Federal Reserve said Friday that in light of a slowing global economy and last year's financial market turmoil, the central bank intends to remain "patient" in determining when to make future changes in its benchmark interest rate.

  • How Donald Trump strengthened The New York Times and grew a Mexican billionaire's fortune
    Yahoo Finance22 minutes ago

    How Donald Trump strengthened The New York Times and grew a Mexican billionaire's fortune

    The New York Times has been saved for now, as it appears to have found a path down the road to digital transformation.

  • Zillow CEO Steps Down So Rich Barton Can Lead Moonshot Effort
    Bloomberg22 minutes ago

    Zillow CEO Steps Down So Rich Barton Can Lead Moonshot Effort

    The company said Thursday after markets closed that Barton, 51, who co-founded the company in 2005 and served as its first chief executive officer, will take over for Spencer Rascoff. The move was announced along with a quarterly earnings report that showed short-term results below analysts’ expectations

  • Madoff customer payout tops $12 billion
    Reuters26 minutes ago

    Madoff customer payout tops $12 billion

    Irving Picard, the trustee, said the payout means all former customers of Bernard L Madoff Investment Securities LLC who were eligible to recoup up to $1.49 million for their losses will have been repaid in full. The trustee said $13.36 billion, or 76 percent, of the roughly $17.5 billion that customers

  • U.S. Stocks Rise as Trade Talks Near Pivotal Point: Markets Wrap
    Bloomberg27 minutes ago

    U.S. Stocks Rise as Trade Talks Near Pivotal Point: Markets Wrap

    U.S. stocks rose along with Treasuries as investors awaited results from top-level trade talks between America and China. The S&P 500 edged toward a weekly gain as President Donald Trump’s scheduled meeting with China’s lead negotiator Friday afternoon boosted hopes headway will be made before tariffs

  • CNBC27 minutes ago

    Robert Herjavec says his liberal arts degree taught him this very important business skill

    There's an old joke that goes, "You can't get a job with an English degree." Good thing the "Shark Tank" star ignored the naysayers.

  • Fed's John Williams Warns of Risks of Low Inflation Expectations
    Bloomberg29 minutes ago

    Fed's John Williams Warns of Risks of Low Inflation Expectations

    “We have seen some worrying signs of a deterioration of measures of longer-run inflation expectations in recent years,” Williams said Friday in a speech in New York. Preliminary data released earlier this month by the University of Michigan showed the five-to-10-year inflation outlook among consumers

  • Trudeau government posted $300M surplus in first nine months of 2018-19
    The Canadian Press32 minutes ago

    Trudeau government posted $300M surplus in first nine months of 2018-19

    OTTAWA — A preliminary analysis of the federal books says the government ran a budgetary surplus of $300 million through the first nine months of the fiscal year.The surplus is an improvement compared with the April-to-December period in 2017-18, when Ottawa posted a deficit of $8.9 billion.The Finance

  • With Headwinds in Front, the Fed Doubles Down on Its Patient Approach to Rates
    Bloomberg32 minutes ago

    With Headwinds in Front, the Fed Doubles Down on Its Patient Approach to Rates

    “In light of global economic and financial developments and muted inflation pressures, the Committee will be patient as it determines what future adjustments to the federal funds rate may be appropriate,” the Fed said in its semi-annual Monetary Policy Report to Congress released in Washington Friday

  • Bloomberg35 minutes ago

    The Libertarian Calling for an End to Argentina’s ‘Decadent’ Ways

    The fringe right-wing presidential hopeful is running on a platform of liberal economic policies never before tried in one of South America’s most protectionist nations. The 57-year old economist and television pundit says President Mauricio Macri’s administration has been tame on trade, fiscal and

  • SNC-Lavalin Group slashes dividend 65%, reports $1.6B fourth-quarter loss
    The Canadian Press37 minutes ago

    SNC-Lavalin Group slashes dividend 65%, reports $1.6B fourth-quarter loss

    SNC-Lavalin Group Inc. slashed its dividend by 65 per cent Friday as it reported a fourth-quarter loss of $1.6 billion. SNC-Lavalin has been at the centre of a political scandal in Ottawa over the company's desire to negotiate a deferred prosecution agreement in connection with fraud and bribery

  • Reuters42 minutes ago

    Magna profit beats expectations, auto parts maker stock up

    Shares of Magna popped 3.8 percent higher after the world's third-biggest auto supplier said profits fell less than analysts had feared in the latest quarter, partly reflecting a lower share count from its buyback program.

  • May Faces Revolt as Negotiations Stumble: Brexit Update
    Bloomberg43 minutes ago

    May Faces Revolt as Negotiations Stumble: Brexit Update

    Talks on revising the Brexit deal aren’t making much progress, and officials on both sides are downplaying the chances of an imminent breakthrough. If Theresa May has nothing new to show Parliament next week, she’s likely to face a revolt that could force her to delay Brexit -- and take the threat of

  • Trade Tanks in a Bad Week for Asia Data as U.S., China Tussle
    Bloomberg45 minutes ago

    Trade Tanks in a Bad Week for Asia Data as U.S., China Tussle

    Trade data took a beating this week — especially in Asia, where it really counts. It was a bit more difficult to read whether the Federal Reserve is ready to abandon policy tightening. Trade-reliant Asia was the biggest trade-war loser this week, with exports data for Japan, South Korea, and Singapore

  • VW warns of challenges, to redouble efforts to meet targets
    Reuters2 minutes ago

    VW warns of challenges, to redouble efforts to meet targets

    Volkswagen warned investors about a tough year ahead as the car and truck making group reported preliminary annual results on Friday that were weighed down by currency headwinds and supply bottlenecks caused by new emissions testing rules. Volkswagen suffered from an increase in inventories at its Audi

  • Junk Bond Rally Obscures a Gathering Storm
    Bloomberg48 minutes ago

    Junk Bond Rally Obscures a Gathering Storm

    Most of the 500 financial professionals who gathered this month at a hotel in Mayfair, London’s billionaire neighborhood, for a conference on debt markets organized by Citigroup Inc., are bracing for a storm. Across town at the same time in the brutalist Barbican complex on the northern edge of London

  • At Kraft Heinz, a fed investigation and a $15.4B write-down
    The Canadian Press50 minutes ago

    At Kraft Heinz, a fed investigation and a $15.4B write-down

    Kraft Heinz disclosed an investigation by federal regulators and will slash the value of its Oscar Mayer and Kraft brands by $15.4 billion. Kraft Heinz divulged the receipt of a subpoena in October from the U.S. Securities and Exchange Commission related to its procurement operations. Upon receiving

  • Maduro's Troops Kill Woman as Opposition Tries to Open Borders
    Bloomberg52 minutes ago

    Maduro's Troops Kill Woman as Opposition Tries to Open Borders

    Community members stopped anti-riot troops and their vehicles about 6 a.m. as they tried to assert control over the remote area around Gran Sabana, which is about 780 miles (1,260 kilometers) southeast of Caracas. The violence came as Venezuela prepares for a weekend of spectacle and danger as the opposition

  • Kraft Heinz Bonds Lead Declines in High-Grade Index on Writedown
    Bloomberg54 minutes ago

    Kraft Heinz Bonds Lead Declines in High-Grade Index on Writedown

    The risk premium on one of the company’s most-traded bonds, the 3 percent notes due 2026, widened 18 basis points, or 0.18 percentage point, to 163 basis points over Treasuries, according to Trace bond price data. The cost to protect the bonds against a default for five years in the derivatives market

  • Forget Netflix - The real joy of movies is still in theatres
    The Canadian Press56 minutes ago

    Forget Netflix - The real joy of movies is still in theatres

    Sure, it's easy to Netflix and chill these days. Turns out that there are few better ways to rediscover the joy of heading to the theatre than a year of free movie tickets, courtesy of MoviePass. Who has time to go to the movies when you're already behind on Netflix, Hulu, Amazon and everything