JetBlue isn't yet making money again, but investors were excited about the company's forecast for 2022. As expected, JetBlue lost money in Q4. JetBlue reported a loss of $0.36 per share on revenue of $1.83 billion, besting the $0.39 per share loss on $1.82 billion in revenue consensus.
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Home sales in Canada are declining, but it shouldn’t affect the attractiveness of REITs as inflation-beating assets. The post Housing Sales Get Hammered: Should You Still Buy REITs? appeared first on The Motley Fool Canada.
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TORONTO — Gains in the energy sector helped lead Canada's main stock index higher in late-morning trading, while U.S. stock markets were in the red. The S&P/TSX composite index was up 26.75 points at 20,126.56. In New York, the Dow Jones industrial average was down 118.53 points at 32,078.13. The S&P 500 index was down 25.50 points at 3,998.39, while the Nasdaq composite was down 137.18 points at 11,667.82. The Canadian dollar traded for 77.47 cents US compared with 77.20 cents US on Friday. The
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CARACAS, Venezuela (AP) — Venezuela’s government is seeking private investors to pump funds into vital but crippled state-run companies, decades after seizing them in the name of socialism. The government on Monday intends to offer 5% to 10% stakes in companies ranging from telephone and internet service providers to a petrochemical producer. In another country, those industries might be attractive targets for investors, but questions remain as to who would be willing or able to take a minority
LOS ANGELES (AP) — The owner of an oil pipeline that spewed thousands of barrels of crude oil onto Southern California beaches in 2015 has agreed to pay $230 million to settle a class-action lawsuit brought by fishermen and property owners, court documents show. Houston-based Plains All American Pipeline agreed to pay $184 million to fishermen and fish processors and $46 million to coastal property owners in the settlement reached Friday, according to court documents. The company didn’t admit li
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WELLINGTON, New Zealand (AP) — New Zealand's government said Monday it will help pay for lower-income families to scrap their old gas guzzlers and replace them with cleaner hybrid or electric cars as part of a sweeping plan to reduce greenhouse gas emissions. The government said it plans to spend 569 million New Zealand dollars ($357 million) on the trial program as part of a larger plan that includes subsidies for businesses to reduce emissions, a switch to an entirely green bus fleet by 2035 a
When cash is losing its value/purchasing power due to heavy inflation, gold, an asset that retains its value, can be a smart place to park your money. The post 2 Gold Stocks to Buy as Inflation Busters appeared first on The Motley Fool Canada.
Investors should rethink traditional portfolio management and asset allocation rules of thumb. The post The 60/40 Stocks/Bonds Retirement Portfolio Is Dying: Here’s How to Revive it appeared first on The Motley Fool Canada.
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.
OTTAWA — Statistics Canada says manufacturing sales rose 2.5 per cent to $70.2 billion in March, helped by higher prices. The gains were led by the petroleum and coal product industry which increased 9.1 per cent in March, while sales of primary metals rose 6.5 per cent in March to $5.8 billion, a record high. The agency says sales in constant dollars were unchanged in March, indicating the increase was driven by higher prices. In a separate report, Statistics Canada says wholesale sales rose 0.
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.
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KYIV, Ukraine (AP) — Russian troops were withdrawing from around Ukraine’s second-largest city after bombarding it for weeks, the Ukrainian military said Saturday, as Kyiv and Moscow's forces engaged in a grinding battle for the country’s eastern industrial heartland. Ukraine’s military said the Russian forces were pulling back from the northeastern city of Kharkiv and focusing on guarding supply routes, while launching mortar, artillery and airstrikes in the eastern province of Donetsk in order
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HOPIUM, the first French manufacturer of high-end hydrogen vehicles, announces today the strengthening of its governance, with the proposed appointment of Jean-Baptiste Djebbari as a member of its Board of Directors. This appointment will be submitted to the approval of HOPIUM's next General Assembly, on June 20th, 2022.
NEW YORK (AP) — Stocks fell in morning trading on Wall Street Monday, continuing a losing streak that has brought the market down for six weeks in a row. The S&P 500 slipped 0.3% as of 10:19 a.m. Eastern. The Dow Jones Industrial Average fell 91 points, or 0.3%, to 32,104 and the Nasdaq fell 0.3%. Technology stocks led the decline. Apple fell 0.5% and Microsoft fell 1%. The sector has been a particularly heavy weight on the broader market as investors worry about high inflation and rising intere
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