Regulations and paperwork are driving up costs for financial institutions serving marijuana companies doing business in states with legal pot sales, a cannabis banker told a conference in Las Vegas. Sundie Seefried told hundreds of cannabis trade show attendees at MJBizCon last week that a subsidiary
The rise in interest rates isn't expected to keep companies from buying back shares of their own stock, according to one expert.
A nearly silent, drone-sized aircraft has shown it can fly, thanks to a scientist who was inspired by watching "Star Trek" as a child. With neither propellers nor jets, the airplane gets its thrust by applying a strong electric field to the air. "Not anytime soon," says Steven Barrett
U.S. West Texas Intermediate (WTI) crude futures rose $1.89 to $55.32 a barrel, a 3.5 percent gain. U.S. crude stocks rose 4.9 million barrels last week, the Energy Information Administration said, a larger-than-expected increase.
TORONTO — Swedish home furnishings giant Ikea says about 150 jobs in Canada could be impacted over two years as it adjusts to changing customer behaviour.
Steep discounts are as familiar a sight during the holidays as rich desserts, but this year so is a fierce grab for a slice of the e-commerce market as Amazon.com Inc and Target Corp offer free shipping for small purchases. Underwhelming earnings reports this week from Target to department store Kohl
When news broke Tuesday that consumers should avoid eating romaine lettuce because of an E. coli outbreak, the U.S. Centers for Disease Control and Prevention swiftly demanded retailers remove the vegetable from store shelves and restaurants stop including it in meals. Norman Neumann, the vice-dean
As young adults approach the time to apply for their first apartment or car loan, they may have to pay more or risk getting denied because they can't prove they can pay. Experts share their tips on how to get a good credit score before you need one.
Plant-based foods are increasing in popularity in Canada, and companies, industry groups and the government are all racing to keep up.
Traders in New York pooled billions of dollars of positions into one portfolio, known as a central risk book, in an attempt to avert losses and potentially make more money, people familiar with the strategy said. The fallout forced Deutsche Bank to slash the book’s size, while one of the traders in
Futures in New York rose as much as 4.6 percent on Wednesday, clawing back more than half their losses from the previous day’s rout. The Organization of Petroleum Exporting Countries is due to meet with other major producers in Vienna next month, with Saudi Arabia proposing at least a 1 million barrel
Stock futures pointed to a higher open following a crushing Tuesday session that turned both the S&P 500 and the Dow negative for the year.
When he’s not counseling President Donald Trump on how to stay out of legal trouble, he’s likely jetting off to some distant land with a plan to save it from murder and criminal mayhem. Politicians are also under increasing economic pressure to curb criminal violence.
The arrest of Nissan chairman Carlos Ghosn could extinguish any remaining hopes for a merger with key shareholder Renault, which the Japanese company's CEO has publicly opposed. Ghosn had this year said he was open to the idea of a merger between Nissan and Renault, where he is chief executive and
Abu Dhabi's International Petroleum Investment Co (IPIC) said on Wednesday it had filed a lawsuit against U.S. investment bank Goldman Sachs and others to recover losses suffered through its dealings with Malaysian state fund 1MDB. 1Malaysia Development Bhd (1MDB) [TERRN.UL] is the subject of corruption
Treasuries rose and the dollar fell amid speculation the Federal Reserve may soften its stance on raising interest rates. All major equity benchmarks were higher, with the small-capitalization Russell 2000 Index rose nearly 2 percent to lead the gains, and the Nasdaq 100 Index wiped out much of its
The furor surrounding Goldman Sachs’s role in raising money for the Malaysian state investment fund, known as 1MDB, has weighed on the bank’s shares, which fell the most in seven years on Nov. 12 after Malaysia’s finance minister said he would seek a full refund of all the fees it paid for 1MDB deals
Quebec paint manufacturers are seizing on the American-owned Sico paint company's move to Ontario from Quebec by launching marketing campaigns and tapping into renewed sensitivity around local ownership after a string of closures and layoffs. Sico, an 81-year-old company bought by American giant
The recovery in U.S. tech and other momentum stocks boosted the benchmark S&P 500 stock index after it fell 3.5 percent over the previous two sessions. Strong earnings from Foot Locker Inc and Gap Inc boosted consumer discretionary stocks. The small-cap Russell 2000 index rallied nearly 2 percent.
U.S. long-term mortgage rates recorded the biggest drop in nearly four years this week, but remain much higher than they were a year ago. Mortgage giant Freddie Mac said Wednesday that the average rate on the benchmark 30-year, fixed-rate mortgage fell to 4.81 per cent this week, down from 4.94 per
The bull market on Wall Street has come under big-time selling pressure ahead of 2019. Here's how you should go about looking at what companies to buy on the cheap.
Fitch Ratings Ltd. downgraded the debt of two solar farms in California on Wednesday, citing concern about PG&E’s finances. The utility, which was downgraded last week, is the sole electricity customer for Berkshire Hathaway Energy’s 550-megawatt Topaz Solar Farms and NextEra Energy Inc.’s 250-megawatt
Apple's stock, once a safe haven from market turmoil, is more than 20 percent below all-time highs and clinging to modest year-to-date gains.
A bill backed by Democrats, who control the governor’s office as well as the Assembly and Senate, seeks to put redistricting in the control of a 12-member panel, chosen in part by legislative leaders. Currently, those appointments are by Democratic and Republican state party chairmen. “This is a Democratic