Investors need not worry about these stocks, yielding from just over 3% to nearly 9%, being yield traps.
BEIJING (AP) — Hong Kong’s economy grew by 6.4% last year after activity weakened as anti-coronavirus controls were tightened. Economic output expanded by 4.8% over a year earlier in the three months ending in December, down from the previous quarter’s 5.5%, government data showed Friday. Growth in consumption and investment weakened. The government has tightened controls on travel into Hong Kong and activity within the territory, mimicking the Chinese mainland’s “zero tolerance” strategy that a
Fireblocks, a digital asset infrastructure provider, said on Thursday it raised $550 million from institutional investors, making it one of the largest financing rounds in the cryptocurrency sector in the last few years. The funding was led by D1 Capital Partners and Spark Capital, with participation from investors such as General Atlantic, Altimeter, Index Ventures and CapitalG, Alphabet's growth fund, Fireblocks said in a statement. "We're going to use the capital for further investment into new use cases in the digital asset space such as decentralized finance, non-fungible tokens, gaming, entertainment, and music," Michael Shaulov, Fireblocks chief executive officer told Reuters in a phone interview.
Alphabet Inc's Google on Thursday increased the amount of time employees around the world can take off for vacation or caring for newborns and seriously ill loved ones. Google has long been known as a global trailblazer in workplace benefits. Employees also have grown frustrated during the pandemic about long work hours, without being able to enjoy free meals and other Google office perks.
Here’s why I expect Shopify stock to see a big turnaround in the near term. The post Shopify Stock Selloff: Could it Turn Around in February? appeared first on The Motley Fool Canada.
PARIS (Reuters) -The world's largest luxury goods conglomerate LVMH sees soaring demand for its fashion, handbags and jewellery continuing in 2022 after shoppers snapped up high-end wares over the holiday season. LVMH, which owns brands spanning Hennessy cognac to cosmetics retailer Sephora, said on Thursday fourth-quarter sales growth accelerated, reaching 20.04 billion euros ($22.34 billion) overall, with growth led by the French group's biggest earners Louis Vuitton and Dior. The luxury labels propelled a 28% rise in sales of LVMH's largest division, fashion and leather goods, on a like-for-like basis, beating analyst expectations for 16% growth.
Here's why Parex Resources (TSX:PXT) could be one of the value stocks investors may be remiss to ignore in this current environment. The post 3 Top Canadian Value Stocks to Add to Heavily Right Now appeared first on The Motley Fool Canada.
HONG KONG (Reuters) -China Evergrande Group shares slumped on Thursday after the developer's thinly detailed roadmap for restructuring left investors dissatisfied and its indebted peers also fell on concerns higher interest rates would raise financing costs. Regulatory curbs on borrowing have driven China's property sector into crisis, highlighted by Evergrande, the world's most indebted property firm. The contagion has engulfed other Chinese developers, roiled global financial markets in the past year and contributed to a slump in China's property market, which accounts for a quarter of its economy.
Stelco (TSX:STLC) stock jumped after management began its "substantial" share-repurchase program. The post Why Stelco Stock Jumped 14% on Thursday appeared first on The Motley Fool Canada.
SINGAPORE (Reuters) -Strategists at the world's top investment banks scrambled to change their Federal Reserve rate calls on Thursday after policymakers emphasised at a policy meeting that it would tighten policy to clamp down on inflation. The Federal Reserve on Wednesday said it was likely to hike interest rates in March and reaffirmed plans to end its bond purchases that month, surprising investors who had already braced for as many as four rate hikes until the end of the year. Analysts at Nomura, Japan's biggest brokerage and investment bank, said they expect the U.S. Federal Reserve to hike its benchmark rate by 50 basis points (bps) in March.
TOKYO (AP) — Marcelo Claure, who joined SoftBank Group after turning around one of its key investments, office-sharing business WeWork, is leaving, the Japanese technology company said Friday. Claure has long been seen as a close aide to SoftBank Chief Executive Masayoshi Son, forging a partnership spanning nine years and overseeing a sprawling investment portfolio. Tokyo-based SoftBank Group Corp. said the departure was “by mutual agreement.” SoftBank did not give a reason for his decision to l
TORONTO — Canada's main stock index gave up early gains but still posted a small increase as crude oil prices hit a more than seven-year high and the central bank kept its key interest rate in check. The Bank of Canada kept its key interest rate at 0.25 per cent, but warned higher interest rates are coming to help trim inflation from its hottest pace in three decades. Despite robust growth in the U.S. economy, an uneven global recovery, supply constraints, inflationary pressures, geopolitical te
HALIFAX — A Nova Scotia Power proposal to charge fees for customers who sell power back to the grid has drawn heated criticism from solar installers who say it will damage the emerging industry. The utility applied Thursday before the Utility and Review Board for a monthly fee of about $8 per kilowatt of electricity, which in a typical 10-kilowatt photovoltaic solar installation would amount to about $960 annually. David Brushett, the chairman of Solar Nova Scotia, says this would be a massive r
These top dividend stocks look attractive right now for RRSP investors. The post RRSP Growth: 2 Top TSX Dividend Stocks to Own for Decades appeared first on The Motley Fool Canada.
PARIS (Reuters) -The world's largest luxury goods conglomerate LVMH sees soaring demand for its fashion, handbags and jewellery continuing in 2022 after shoppers snapped up high-end wares over the holiday season. LVMH, which owns brands spanning Hennessy cognac to cosmetics retailer Sephora, said on Thursday fourth-quarter sales growth accelerated, reaching 20.04 billion euros ($22.34 billion) overall, with growth led by the French group's biggest earners Louis Vuitton and Dior. The luxury labels propelled a 28% rise in sales of LVMH's largest division, fashion and leather goods, on a like-for-like basis, beating analyst expectations for 16% growth.
WASHINGTON (AP) — The Federal Reserve signaled Wednesday that it will begin a series of interest-rate hikes in March, reversing pandemic-era policies that have fueled hiring and growth — and stock market gains — but also stubbornly high inflation. Chair Jerome Powell said at a news conference that inflation has gotten “slightly worse” since the Fed last met in December. He said raising the Fed’s benchmark rate, which has been pegged at zero since March 2020, will help prevent high prices from be
Air Canada's flight AC2201 today from Vancouver to Beijing marks the first of three special charter flights transporting Team Canada to the Beijing 2022 Olympic and Paralympic Winter Games. The airline also named its Team Air Canada athlete ambassadors and outlined its comprehensive program in support of Team Canada's journey to excellence at the 2022 Winter Games.
MILAN (Reuters) -UniCredit will continue to study potential mergers and acquisitions after deciding against a Russian deal due to geopolitical risks but won't stray from plans to return billions in capital to shareholders, Chief Executive Andrea Orcel said. Orcel, the former investment banking chief at Swiss lender UBS who joined UniCredit in April, is betting on bold capital distribution targets to lift the bank's market value. UniCredit trades at a discount to rivals, making it harder to use its shares as currency in a merger, though they have outperformed since Orcel pledged to generate over 16 billion euros in capital by 2024 and return it to shareholders.
There are a lot of cheap Canadian stocks out there, but a huge turnaround is likely for these three in 2022 and beyond for long-term investors. The post 3 Cheap Canadian Stocks Bound for Massive Growth in 2022 appeared first on The Motley Fool Canada.
OTTAWA — The federal government ran a budget deficit of $73.7 billion for the April to November period of the current fiscal year. The Finance Department says the result compared with a deficit of $232 billion in the same period a year earlier. Program spending, excluding net actuarial losses, between April and November totalled $289.5 billion, down from nearly $386.4 billion a year earlier. Public debt charges for the eight-month period totalled nearly $16.5 billion, up from $13.5 billion in th
Euroclear group reports another record year and delivery of financial targets two years ahead of plan
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