Today's been a very volatile one for meme token Dogecoin (CRYPTO: DOGE). In Asian trading hours, Dogecoin fell off a cliff, dropping nearly 5% in the span of just more than an hour, around 3 a.m. ET. Dogecoin has once again gained speculative momentum over the past week, surging on news that Tesla CEO Elon Musk tweeted, once again, about Dogecoin.
Inter Pipeline Ltd. ("Inter Pipeline") announced today that it has agreed to issue $550 million of senior unsecured notes (the "Notes"). The Notes will have a fixed interest rate of 5.849% per annum, payable semi annually, and will mature on May 18, 2032.
These Canadian companies offer great value and have multiple growth catalysts to fuel their long term growth. The post Which TSX Tech Stocks Offer the Best Value? appeared first on The Motley Fool Canada.
Climate change is hurting the insurance industry and only 8% of insurers are preparing adequately for its impact, consultants Capgemini and financial industry body Efma said in a report on Tuesday. Insured losses from natural catastrophes have increased 250% in the last 30 years, with perils such as wildfires and storms, seen as particularly impacted by climate change, causing an even faster rise in insured losses, the report said. Insurers' main catastrophe risk in the past was typically from hurricanes in U.S. states such as Florida and Texas, Seth Rachlin, global insurance industry leader at Capgemini, told Reuters.
CHICAGO/WASHINGTON (Reuters) -United Airlines said on Tuesday the Federal Aviation Administration (FAA) has cleared its Boeing 777 planes equipped with Pratt & Whitney (PW) 4000 engines to return to service, while the wide-body jets are expected to begin flying next week. Andrew Nocella, United's chief commercial officer, said the FAA issued the final paperwork for the planes late on Monday. Separately, the FAA confirmed it has approved the service bulletins that will allow the Boeing 777-200 with Pratt & Whitney PW4000 engines to return to service.
OTTAWA — Canadian manufacturing sales and wholesale trade figures climbed higher in March, but the gains came due to higher prices. Statistics Canada said Monday manufacturing sales rose 2.5 per cent to $70.2 billion in March, however sales in constant dollars were unchanged. Meanwhile, wholesale sales rose 0.3 per cent in March to $79.8 billion, but in constant dollar terms sales fell 0.6 per cent for the month. Nikita Perevalov, director of economic forecasting at Scotiabank, said the disappoi
Bank of England boss Andrew Bailey is sorry for an "apocalyptic" view of the world, saying that monetary policy faces its biggest test in 25 years with surging inflation exacerbated by war in Ukraine and China's COVID lockdowns. Federal Reserve chief Jerome Powell, who warned last week that taming inflation will "include some pain", and European Central Bank president Christine Lagarde speak later on Tuesday.
BERLIN (Reuters) -Daimler Truck Holding said rising raw materials prices and inflationary pressures could weigh into its second quarter, but the truckmaker expected to continue passing high costs to customers amid record levels of demand. Once costs begin to decrease again, it could lower customer prices, Chief Financial Officer Jochen Goetz said on an earnings call. "We are not increasing prices just for the sake of profit, but pure necessity," Goetz said.
If you are retiring in 2022, here are three retirement stocks to buy and lock in a tax-free, monthly passive income of $250. The post The 3 Best Retirement Stocks to Earn $250 in Monthly Income appeared first on The Motley Fool Canada.
Major investment houses are cutting their forecasts for the yuan for the second time in just three weeks as the Chinese currency's recent sharp declines tore through their previous revisions, catching many off guard. A triple whammy of slowing growth, COVID-19-related economic disruptions and aggressive U.S. Fed tightening has put strong downward pressure on the yuan, while Chinese authorities appear to be standing aside to let their tightly managed currency drop. The spot yuan rate has tumbled more than 6% against the dollar in the last four weeks and was at 6.7992 per dollar on Monday, busting past the 6.71 median year-end forecast in a poll of nine banks in late April.
COLOMBO, Sri Lanka (AP) — Sri Lanka's governing party on Tuesday defeated a move in Parliament to urgently debate a motion that would censure President Gotabaya Rajapaksa for the nation's worst economic crisis, which the prime minister said has left only enough gasoline for one day. It was unclear when the motion will be taken up again. It would not legally require Rajapaksa to quit, but his refusal to do so has already roiled Sri Lanka, which is on the brink of bankruptcy as it negotiates an ec
TORONTO — A broad rally led by the energy sector pushed Canada's main stock index higher for a second-straight session after six days of losses. Angelo Kourkafas, investment strategist at Edward Jones, says sentiment has stabilized after Friday's rally which followed a deep selloff. "Today, in the absence of any major catalysts we think markets are trying to find some support, but they're doing so in a cautious way," he said in an interview. Defensive sectors such as consumer staples and utiliti
TORONTO — North American stock markets powered higher Tuesday as strong U.S. economic data including retail sales showed that high inflation isn't restricting spending. Consumer retail spending increased 0.9 per cent in April, while sales excluding automobiles rose 0.6 per cent. Industrial production climbed 1.1 per cent to also beat expectations. "Clearly the consumer is in a pretty good spot, despite the fact that inflation continues to take a bite out of people's ability to spend," said Mike
Cerro de Pasco Resources Inc. (CSE: CDPR) (Frankfurt: N8HP) ("CDPR" or the "Company") is providing an update with respect to its previously announced management cease trade order ("MCTO") issued by the Corporation's principal regulator, the Autorité des marchés financiers (the "AMF"), on May 2, 2022. The MCTO was issued in connection with the delay by the Corporation in the filing of its audited consolidated financial statements, its management's discussion and analysis and related officer certi
NEW YORK (AP) — Something was missing when Fox announced its plans for the fall television season: a schedule. It was one of several signs of how the business has changed since networks resumed their annual glitzy presentations for advertisers, which had been suspended because of the pandemic. Both NBC and Fox, which kicked off the week Monday, emphasized how the flagship networks were now part of larger media companies. Networks still can boast star power. Susan Sarandon, George Lopez, Raymond
WASHINGTON (AP) — Chair Jerome Powell on Tuesday underscored the Federal Reserve's determination to keep raising interest rates until there is clear evidence inflation is steadily falling — a high-stakes effort that carries the risk of causing an eventual recession. The Fed's increases in its benchmark short-term rate typically lead, in turn, to higher borrowing costs for consumers and businesses, including for mortgages, auto loans and credit cards. “What we need to see is inflation coming down
Wall Street finished sharply higher on Tuesday, lifted by Apple, Tesla and other megacap growth stocks after strong retail sales in April eased worries about slowing economic growth. Ten of the 11 major S&P sector indexes advanced, with financials, materials, consumer discretionary and technology all gaining more than 2%. Tuesday's broad rally followed weeks of selling on the U.S. stock market that last week saw the S&P 500 sink to its lowest level since March 2021.
The United States and European Union will announce a joint effort to avert a "subsidy race" as they scramble to boost production of scarce semiconductor chips, a senior Biden administration official said. The move will be unveiled at the second meeting of the U.S.-EU Trade and Technology Council (TTC), taking place on Sunday and Monday in Paris. The TTC pledged at an inauguration conference last year in Pittsburgh to deepen transatlantic cooperation to strengthen chip supply chains, curb China's non-market trade practices, and take a more unified approach to regulating big, global technology firms.
REHOVOT, Israel (AP) — When he was 20 years old, Harel Hershtik planned and executed a murder, shooting his victim in the head and burying the body in a crime that a quarter of a century later is still widely remembered for its grisly details. Today, he is the brains behind an Israeli health-tech startup, poised to make millions of dollars with the backing of prominent public figures and deep-pocket investors. Neither his conviction for premeditated murder, his lengthy prison sentence nor his pa
Reuters exclusively reported in February that ManTech's co-founder George Pederson was exploring options for his controlling stake that included a sale of the company. Shares of Herndon, Virginia-based ManTech have since jumped 11%.
BRUSSELS (AP) — The European Union’s efforts to impose a new round of sanctions against Russia over the war in Ukraine appeared to bog down on Monday, as a small group of countries continued to oppose a ban on Russian oil imports. Since Russia invaded Ukraine on Feb. 24, the 27-nation bloc has implemented five rounds of sanctions on Moscow. Russian President Vladimir Putin, senior Russian officials, more than 350 lawmakers and pro-Kremlin oligarchs have been hit with asset freezes and travel ban
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