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Reuters•9 minutes agoCanada home prices dip in October; first decline in eight months: Teranet
Canadian home prices fell in October for the first time in eight months as widespread price declines were seen across the country, data showed on Friday. The Teranet-National Bank Composite House Price Index, which measures changes for repeat sales of single-family homes, showed prices fell 0.4 percent
- The Canadian Press•13 minutes ago
JC Penney withdraws profit guidance, cuts sales outlook
PLANO, Texas — Shares of J.C. Penney are plunging after the company withdrew profit guidance and lowered its sales expectations for the year.
- Bloomberg•13 minutes ago
U.S. Retail Sales Rise Most in Five Months on Autos, Gasoline
The value of overall sales increased 0.8 percent after a 0.1 percent decrease in the prior month that was revised from a gain, Commerce Department figures showed Thursday. The median forecast of economists surveyed by Bloomberg called for a 0.5 percent advance.
- The Motley Fool•16 minutes ago
This Warren Buffett Stock Jumped 24% in a Single Day: Should You Buy?
Toronto-based Home Capital Group Inc. (TSX:HCG) stock is surging, making Warren Buffett rich. Is it a good time to buy?
Reuters•19 minutes agoDell sweetens VMware offer with higher price, board seat
The computer maker in July offered to pay $21.7 billion, or $109 per share, in cash and stock to buy back shares tied to its interest in VMware, returning the computer maker to the stock market without an initial public offering. Hedge fund manager Icahn, who owns a 9.3 percent stake in Dell, has resisted
- The Canadian Press•10 minutes ago
The Latest: Gibraltar leader welcomes Brexit deal
Authorities in Gibraltar are welcoming the draft Brexit deal between Britain and the European Union, saying it makes no concessions to Spain's claims on the tiny outcrop at the tip of the Iberian Peninsula. Voters in Gibraltar voted overwhelmingly to stay in the European Union in the U.K.'s
Reuters•25 minutes agoFord CEO open to investors in autonomous vehicles but cautious on VW
Hackett said on Wednesday a previously announced partnership to share development of future light commercial vehicles was “going better than we thought it would.” “Herbert and I had a great discussion,” about the commercial vehicle business, Hackett said. Ford earlier this year created a separate unit
- Bloomberg•7 minutes ago
Pound Slumps, Stocks Knocked Amid Brexit Turmoil: Markets Wrap
Sterling tumbled after Brexit Secretary Dominic Raab announced his resignation on Twitter, the highest profile of several departures on Thursday morning. Influential Brexit-backer Jacob Rees-Mogg later joined calls for a vote of no confidence in Prime Minister May. The events throw into doubt her ability
- Bloomberg•30 minutes ago
Aberdeen Standard's Athey Exits Pound Bet Amid Brexit Turmoil
Money manager James Athey instigated a long sterling position last week on hopes for a divorce agreement between the U.K. and the European Union, but that all changed earlier Thursday. “The most market-moving risk is essentially a political or constitutional crisis, which raises the possibility of a
- The Canadian Press•35 minutes ago
Electronic driving systems don't always work, tests show
Testing by AAA shows that electronic driver assist systems on the road today may not keep vehicles in their lanes or spot stationary objects in time to avoid a crash. The tests brought a warning from the auto club that drivers shouldn't think that the systems make their vehicles self-driving, and
- Bloomberg•39 minutes ago
Bitcoin Bulls Wonder Where's the Bottom After Volatility Returns
Many of Bitcoin’s closest peers also slid Thursday, while Bitcoin Cash, which will split today into two coins, was little changed. As the dust settled a day after the Bloomberg Galaxy Crypto Index’s 15 percent tumble, speculation over its causes includes today’s debut of the new version of Bitcoin Cash
- The Canadian Press•43 minutes ago
Walmart sales strong, both online and in stores
Walmart reported strong sales online and in its established store sales for its fiscal third quarter, and raised profit expectations for the year heading into the holiday shopping season. The report Thursday suggests that efforts by Walmart to improve the experience of its customers is paying off in
- Bloomberg•48 minutes ago
Chinese-Backed Buyout Firm Nears Deal to Buy German Rayon Maker
Goldman Sachs Group Inc. and Barings provided financing for the transaction, which already has German and Chinese regulatory approval. The buyout firm has raised about 3 billion yuan ($433 million) for its initial fund as it seeks to tap into Xi Jinping’s Belt and Road Initiative to build investment
- Bloomberg•49 minutes ago
Saudis Implicate Royal Adviser, Top Spy in Khashoggi Killing
Shalaan Shalaan, the deputy attorney general, said in a Riyadh news conference that 11 people out of 21 held in the case have been charged over Khashoggi’s murder at the Saudi consulate in Istanbul on Oct. 2. Crown Prince Mohammed bin Salman, who runs the day-to-day affairs of the world’s top oil exporter
- Yahoo Finance•50 minutes ago
How Walmart just proved there is no recession looming
Yahoo Finance takes a quick look at what you need to know from Walmart's earnings.
- The Canadian Press•50 minutes ago
Farm animals may soon get new features through gene editing
Cows that can withstand hotter temperatures. A company wants to alter farm animals by adding and subtracting genetic traits in a lab. It sounds like science fiction, but Recombinetics sees opportunity for its technology in the livestock industry.
- The Canadian Press•1 hour ago
Hotels apologize in China after video shows how they clean
At least four major international hotel chains apologized Thursday after hidden camera video of their room cleaning practices in China was posted online. The Shangri-La Hotel in Fuzhou said the actions in the video violate its hygiene standards, while the Park Hyatt in Beijing called it an isolated
Reuters•1 hour agoFutures up as oil prices stabilize
(Reuters) - Futures for Canada's main stock index edged higher on Thursday on stabilizing oil prices, along with signs of easing trade dispute between the U.S. and China. December futures on the S&P/TSX index were up 0.1 percent at 6:55 a.m. ET. The Toronto Stock Exchange S&P/TSX composite index
- The Canadian Press•7 minutes ago
EU divorce deal in peril after two UK Cabinet ministers quit
Two British Cabinet ministers, including Brexit Secretary Dominic Raab, resigned Thursday in opposition to the divorce deal struck by Prime Minister Theresa May with the EU — a major blow to her authority and her ability to get the deal through Parliament. Work and Pensions Secretary Esther McVey followed
- Bloomberg•1 hour ago
Big Oil’s Latest Cost-Cutting Trick: Re-Use Entire Platforms
Spain’s Repsol SA unveiled plans to re-use its Gyda platform in Norway’s North Sea on another field, an unprecedented step for a fixed installation, according to the head of Repsol’s Norwegian subsidiary Vidar Nedrebo. Repsol has spent almost a year with partners Kvaerner ASA, Allseas Group SA and Subsea
- Yahoo Finance•1 hour ago
Walmart comparable stores sales and earnings beat expectations, e-commerce surges
E-commerce is a bright spot for the big box retailer.
- Reuters•1 hour ago
Glencore's Katanga warns of earnings hit if Congo row not resolved
Katanga Mining expects its earnings to be hit if a row with Democratic Republic of Congo that has prevented it from importing and exporting copper is not resolved soon. Although Glencore's Katanga said on Thursday that copper production was continuing as normal, it warned that its earnings would
Reuters•2 hours agoDetour Gold agrees to two Paulson nominees for its board
Detour Gold Corp said on Thursday it agreed to name two of investor Paulson & Co's nominees to its board as it looks to end a proxy fight with the hedge fund that had called for a complete overhaul of the board. The gold miner also said its interim chief executive officer would step down as a director
- Bloomberg•2 hours ago
For Hedge Funds, the Sky Always Seems to Be Falling
Consider David Tepper. In May 2014, the billionaire hedge fund manager said he was nervous about the market. If investors had been frickin’ long back then — i.e. In that time, Tepper has warned about the market at least three other times publicly.
