Target (NYSE: TGT) stock got clobbered on Wednesday after releasing a less than spectacular earnings report. The sell-off, though, wasn't only due to a quarter that's already passed; it highlights fears about how ongoing issues, specifically inflation, will affect the company -- and retailers generally -- in the near future.
Bausch + Lomb Corporation (NYSE/TSX: BLCO) ("Bausch + Lomb" or the "Company"), a leading global eye health company dedicated to helping people see better to live better, is pleased to announce that it has expanded its Board of Directors (the "Board") to add two designees to the Board from Carl C. Icahn and affiliated entities (the "Icahn Group"). Brett Icahn and Gary Hu have joined the Board effective immediately.
A separate report from CoinDesk said https://www.coindesk.com/business/2022/06/24/goldman-sachs-raising-funds-to-buy-celsius-assets-sources on Friday that Wall Street bank Goldman Sachs was looking to raise $2 billion from investors to buy distressed assets from Celsius. Celsius had $11.8 billion in assets as of last month. The company and Alvarez & Marsal did not immediately respond to Reuters requests for comment.
Wynn Resorts (Macau) S.A. (hereafter referred to as Wynn) is pleased to announce that it has entered into the Concession Extension Agreement with the Macau SAR Government, to extend the gaming concession of Wynn from June 26, 2022 to December 31, 2022.
KYIV, Ukraine (AP) — After weeks of ferocious fighting, Ukrainian forces have begun retreating from a besieged city in the country's east to move to stronger positions, a regional official said Friday, the four-month mark in Russia's invasion. The planned withdrawal from Sievierodonetsk, the administrative center of the Luhansk region, comes after relentless Russian bombardment that has reduced most of the industrial city to rubble and cut its population from 100,0000 to 10,000. Ukrainian troops
The number of Americans filing new claims for unemployment benefits edged down last week as labor market conditions remained tight, though a slowdown is emerging amid high inflation and rising interest rates. Despite the second straight weekly decline reported by the Labor Department on Thursday, claims are hovering near a five-month high. There have been job cuts in sectors like technology and housing amid fears of a recession as the Federal Reserve aggressively tightens monetary policy to quell price pressures.
Retirees now have an opportunity to buy top dividend stocks at cheap prices to generate high-yield, tax-free passive income inside their TFSA portfolios. The post TFSA Pension: How Retired Couples Can Get an Extra $815 Per Month in Tax-Free Passive Income appeared first on The Motley Fool Canada.
This week, two highly touted North American chefs collaborated to design and execute a spectacular multi-course menu for Audi Canada's second event in its Sustainable Dining Series. Showcasing flavours and inspiration from their childhoods as expressed through local ingredients, Chef Lucas Sin and Chef Eva Chin inspired and educated a fortunate group of Canadian diners.
WASHINGTON (AP) — Average long-term U.S. mortgage rates inched up this week following last week's mammoth jump, the biggest in 35 years. Mortgage buyer Freddie Mac reported Thursday that the 30-year rate ticked up to 5.81% this week, from last week's 5.78%. Last week's average — which jumped more than a half-point from the previous week — was the highest since November of 2008 during the housing crisis. One year ago, the average 30-year rate was 3.02%. The average rate on 15-year, fixed-rate mor
This growth stock is still up year to date by 14%, whereas many continue to fall around it. Yet it still offers significant value for long-term investors. The post 1 Growth Stock to Buy and Hold During Any Market Correction appeared first on The Motley Fool Canada.
Cerro de Pasco Resources Inc. (CSE: CDPR) (Frankfurt: N8HP) ("CDPR" or the "Corporation") 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 following the Corporation's announcement on April 29, 2022 (the "Default Announcement") that it was unable to file its audited consolidated financial statements, its manageme
NEOM, the sustainable regional development in northwest Saudi Arabia, announced today the appointment of Dr. Andreas Cangellaris as the Founding President of NEOM U – NEOM's first university. Dr. Cangellaris is joining NEOM from the University of Illinois Urbana-Champaign, where he is the M. E. Van Valkenburg Professor in Electrical and Computer Engineering and has been serving as Vice-Chancellor for Academic Affairs and Provost since 2018.
The Canadian government will be allowed to seize and dispose of the assets of people and entities sanctioned by it because of Russia's invasion of Ukraine, in order to use those funds to support Ukraine. Tying up to C$750 million in transit funding for provinces and territories to their efforts to improve housing supply and affordability. More support to provinces and territories to tackle the pandemic-induced backlog of surgeries and medical procedures, through a C$2 billion top-up to the existing Canada Health Transfer.
Toyota Motor Corp said on Thursday it would recall 2,700 of its first mass-produced electric vehicles (EVs) for the global market because of a risk the wheels could come loose. The world's largest automaker by sales submitted the recall of the bZ4X SUVs to Japan's transportation ministry. Of the 2,700 vehicles, 2,200 were earmarked for Europe, 260 for the United States, 10 for Canada and 110 for Japan, the company said.
The Biden administration has agreed to cancel $6 billion in student loans for about 200,000 former students who say they were defrauded by their colleges, according to a proposed settlement in a Trump-era lawsuit. The agreement filed Wednesday in San Francisco federal court would automatically cancel federal student debt for students who were enrolled at one of more than 150 colleges and later applied for debt cancellation because of alleged misconduct by the schools. Almost all the schools invo
It's finally happening. Canada's commercial real estate sector is poised to bridge from pandemic reality to our next normal. To make the very most of this next phase in our industry, organizations will need to tie strategic direction into the real needs, of real Canadians, more closely than ever before.
Amazon’s Alexa might soon replicate the voice of family members - even if they’re dead. The capability, unveiled at Amazon’s Re:Mars conference in Las Vegas, is in development and would allow the virtual assistant to mimic the voice of a specific person based on a less than a minute of provided recording. Rohit Prasad, senior vice president and head scientist for Alexa, said at the event Wednesday that the desire behind the feature was to build greater trust in the interactions users have with A
OTTAWA — Statistics Canada says the number of job vacancies at the beginning of April hit just over one million, up more than 40 per cent compared with a year earlier, as the tight labour market helps push up wages and fuels inflation concerns. The agency says employers in Canada were actively seeking to fill 1,001,100 vacant positions, up 23,300 from March and a gain of 308,000 compared with April 2021. The job vacancy rate, which measures the number of vacant positions as a proportion of all p
The U.S. Federal Reserve chair Jerome Powell’s testimony before Congress could continue to keep TSX stocks highly volatile today. The post TSX Today: What to Watch for in Stocks on Thursday, June 23 appeared first on The Motley Fool Canada.
Danish lawmakers on Friday agreed a new corporate carbon tax, the highest in Europe, which will target companies both in and outside the EU's carbon quota system, the government said. A high carbon tax is seen as crucial to help reach Denmark's ambitious 2030 target to cut greenhouse gas emissions by 70% from 1990 levels. The total CO2 levy will be 1,125 Danish crowns ($159) per tonne by 2030 for companies subject to the EU Emissions Trading System (ETS) and will consist of a 375 crowns fee on top of the projected 2030 price of EU carbon permits of 750 crowns.
Media reports from earlier this week said it was in discussions with Alphabet Inc's Google and Comcast Corp's NBCUniversal for potential marketing tie-ups. "We're talking to all of them right now," Sarandos said at the Cannes Lions conference when asked which company Netflix was looking to partner with. Alphabet and Comcast did not immediately respond to Reuters requests for comment.
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