So far 2022 has been brutal for growth stocks. A good place to hide might be the healthcare sector. It's a great defensive play, as healthcare is as basic as food. And these stocks all pay a nice dividend.
KEENON Robotics participates in The National Restaurant Association Restaurant (NRA Show 2022), the largest annual gathering of foodservice professionals in the Western Hemisphere. With over 1,300 exhibitors, the Show is the ultimate destination to source inspiration and innovations in over 900 product categories, from food, beverage, equipment, technology, tableware, sanitation, and everything in between. The show attracts leading restaurant chains such as McDonald's, Starbucks and Dunkin'; ind
A devastating storm with high winds, heavy rain and lightning that hit the nation's capital on May 21, resulted in extensive damage to both the distribution and transmission equipment across our service territory. The situation remains complex.
European Central Bank President Christine Lagarde openly admitted for the first time what investors had already been betting on for a while: negative interest rates, a eurozone feature for eight years, will most likely be gone by the end of summer. With inflation running at a record 7.4% in the euro zone and money markets pricing over 100 basis points of hikes by end-2022, the candid tone of Lagarde's announcement was perhaps the most surprising news for investors. Government bond yields firmed, the euro rose and Lagarde will have a chance to give more details when she speaks at Davos after a fresh batch of indicators on European business activity.
OTTAWA — An email encouraging members of the Canadian Armed Forces to consider contacting Habitat for Humanity if they can’t find affordable housing is casting a spotlight on a growing challenge facing many military personnel and their families. The email was sent by a senior officer at 19 Wing Comox to other members at the Royal Canadian Air Force base on northern Vancouver Island, which is home to the military’s search-and-rescue school as well as several squadrons of aircraft. “Further to our
Republican U.S. Senator Pat Toomey said Monday it is likely Michael Barr will be confirmed as the Federal Reserve's Wall Street cop, although he has not yet decided on whether to support the nomination. Asked by Reuters on the sidelines of the World Economic Forum in Davos, Switzerland, about Barr's prospects for confirmation, Toomey, the ranking member of the Senate Banking Committee, said: "I think it does look like he's likely to be confirmed." The comments from Toomey, who led an effort to sink President Joe Biden's first nomination for the post, Sarah Bloom Raskin, are significant because it suggests Republicans will not mount a similar effort to challenge the nomination of Barr, who was a senior Treasury Department official under President Barack Obama.
If you're looking to buy high-quality energy stocks that are reliable and that you can hold for years, here are two of the best to consider. The post 2 of the Best Canadian Midstream Energy Stocks to Buy Now appeared first on The Motley Fool Canada.
Global drugmakers are lobbying for wealthy nations to fund a supply mechanism that would secure vaccines for low-income countries without delay in case of a new pandemic, but said the proposal was contingent on free cross-border trade. The International Federation of Pharmaceutical Manufacturers and Associations (IFPMA) said in a statement on Monday that global pandemic vaccine distribution needs to be put on a new footing because the world’s poorest countries were forced to wait for shots during the current pandemic. "The industry is willing to reserve an allocation of real-time production for distribution to priority populations in lower income countries, as determined by health authorities during pandemics," said IFPMA director general Thomas Cueni.
(Reuters) -JPMorgan Chase & Co lifted its forecast for interest income and affirmed its profitability target at its investor conference on Monday, sending its stock 6% higher despite persistent questions about how much more it will spend on its businesses. The country's largest lender said it expects net interest income (NII), excluding markets, of $56 billion in 2022. Investors are keeping a close eye on the prospects for banks to earn more from net interest income, the difference between income from loans and interest paid on deposits and other funds, as they benefit from higher interest rates.
The rouble has firmed about 30% against the dollar this year despite a full-scale economic crisis in Russia, making it the world's . The rouble is steered by capital controls imposed in late February to shield Russia's financial sector after Moscow's decision to send tens of thousands of troops into Ukraine prompted unprecedented Western sanctions. At 0725 GMT, the rouble was 0.7% stronger against the dollar at 57.44 after firming to 56.61 on the Moscow Exchange for the first time in more than four years.
Seattle-based Starbucks has 130 stores in Russia, operated by its licensee Alshaya Group, with nearly 2,000 employees in the country. Starbucks' decision to wind down its operation in Russia is different to the approach some other foreign companies have taken. McDonald's last week said it was selling its restaurants in Russia to its local licensee Alexander Govor to be rebranded under a new name, but will retain its trademarks, while France's Renault is selling its majority stake in Russia's biggest carmaker with an option to buy back the stake.
(Reuters) -JPMorgan Chase & Co lifted its forecast for interest income and affirmed its profitability target at its investor conference on Monday, sending its stock 6% higher despite persistent questions about how much more it will spend on its businesses. The country's largest lender said it expects net interest income (NII), excluding markets, of $56 billion in 2022. Investors are keeping a close eye on the prospects for banks to earn more from net interest income, the difference between income from loans and interest paid on deposits and other funds, as they benefit from higher interest rates.
BMW is exploring new investments in solar, geothermal and hydrogen energy to lower its dependence on natural gas, the carmaker's production chief told Reuters on Monday, warning an embargo on Russian gas would bring the industry to a standstill. The carmaker, which relied on natural gas for 54% of its energy consumption in 2021, is examining where it can add solar panels to its plants and developing plans with local authorities to transport hydrogen to its plant in Leipzig, Germany. "Hydrogen is very well-suited to lower or even fully compensate for gas demand," Milan Nedeljkovic said.
HOUSTON (Reuters) -British proxy adviser PIRC on Monday urged Exxon Mobil Corp shareholders to vote against the re-election of five directors, including Chairman Darren Woods, at an annual general meeting on Wednesday. PIRC, or Pensions & Investment Research Consultants, is the latest proxy firm to urge investors to oppose proposals by the oil major's board. PIRC said Woods, which also serves as chief executive officer, should be held accountable as chairman for assuring the company's strategy to meet Paris-aligned goals to reduce carbon emissions.
Galaxy Digital Holdings Ltd. (TSX: GLXY) ("Galaxy Digital"), a financial services and investment management innovator in the digital asset, cryptocurrency, and blockchain technology sectors, today announced its investor conference participation schedule for June. Mike Novogratz, Founder & CEO, will be speaking broadly to the latest trends emerging within, and shaping the maturation of, the digital assets sector at the following events.
Also sworn in on Monday were Lael Brainard as the Fed's new vice chair, and the two newest members of the Fed's Board of Governors, Philip Jefferson and Lisa Cook, who are both Black economists, the Fed said in a statement. Powell was nominated for his first term as Fed chief by former President Donald Trump, then was chosen by President Joe Biden last November to serve another four years.
The Montreal-based planemaker said the Global 8000 will become the world's fastest business jet with an ultra-long range of 8,000 nautical miles (9,206 miles) and a top speed of Mach 0.94 (721 miles per hour). The plane will enter service in 2025 and compete with high-end models offered by rivals General Dynamics and France's Dassault Aviation - the Gulfstream G700 and Falcon 10X, respectively. Bombardier said the Global 8000 will have a list price of $78 million, slightly higher than the $75 million which its predecessor and the company's flagship Global 7500 lists for.
The market pullback is giving retirees a chance to buy top high-yield dividend stocks at cheap prices for a TFSA focused on passive income. The post TFSA Passive Income: 2 Top TSX Stocks for Canadian Retirees appeared first on The Motley Fool Canada.
TORONTO — Five things to watch for in the Canadian business world in the coming week: Canadian markets closed Stock markets are closed for trading in Canada on Monday for the Victoria Day holiday, however U.S. markets will be open for business. The difference could mean volatile trading on Canadian markets when they reopen on Tuesday as investors catch up to any news that happened while markets were closed for the holiday. Bank earnings Canada's big banks will report their second-quarter financi
These tech companies have strong fundamentals and are well positioned to benefit from ongoing digital shift. The post Is Now the Time to Buy Shopify (TSX:SHOP) and 1 More Beaten-Down Stock? appeared first on The Motley Fool Canada.
Insurance firm Swiss Re and banking giant UBS are among five founding buyers of credits from a scheme set up by a Swiss company to drive down the cost of taking carbon dioxide out of the atmosphere. Even with pledges of huge reductions in emissions, many scientists believe extracting carbon dioxide from the atmosphere by planting forests and using technology will be essential to meet global goals set under the Paris climate agreement to curb climate change. Swiss carbon project developer South Pole's NextGen facility has committed to buying 1 million carbon removal credits from a range of projects by 2025 to help provide them with secure revenue streams and drive down the cost of the technologies.
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