Market volatility is unavoidable, but quality businesses stand a better chance of outlasting tough times.
The former top corporate lawyer at Apple Inc pleaded guilty on Thursday to insider trading charges, for what prosecutors called a five-year scheme to trade ahead of the iPhone maker's quarterly earnings announcements. Gene Levoff, 48, of San Carlos, California, pleaded guilty to six securities fraud charges at a hearing before U.S. District Judge William Martini in Newark, New Jersey. Levoff allegedly exploited his roles as corporate secretary, head of corporate law and co-chair of a committee that reviewed drafts of Apple's results to generate $604,000 of illegal gains on more than $14 million of trades from 2011 to 2016.
(Reuters) -A significantly weaker than expected business outlook by memory-chip firm Micron Technology Inc on Thursday raised concern that following nearly two years of strong demand the industry was turning toward a down cycle. Micron forecast adjusted revenue for the current quarter at $7.2 billion, plus or minus $400 million, while Wall Street's outlook was an average of $9.05 billion, according to Refinitiv IBES data. “We believe that demand has weakened considerably and we've seen that even in the areas that have been significantly constrained," Nikolay Todorov, analyst at Longbow Research, said.
Fort Partners Puerto Rico LLC (Fort Partners), led by Founder and CEO Nadim Ashi, today announced the acquisition of the Palazzo Marini (3-4) for €165 million with plans to develop the property into a luxury hotel that will be managed by Four Seasons Hotels and Resorts, the world's leading luxury hospitality company.
As Canada welcomes an unrestricted number of refugees from Ukraine and 40,000 refugees from Afghanistan, today 22 major companies have committed to creating economic opportunities for these newcomers as they restart their lives across the country.
In the latest offer on June 27, JetBlue included a ticking fee of 10 cents per Spirit share, raising the deal value to $34.15 per share. Spirit Airlines on Wednesday deferred a shareholder vote on Frontier Group Holdings Inc's merger offer for the budget carrier until next week. Frontier also raised its bid for Spirit last week.
Shipments to China - the world's biggest smartphone market - are expected to shrink by 18% as demand takes a beating from strict COVID-19 curbs that halted activity in key economic hubs including Shanghai, Gartner said in a report on Thursday. "A perfect storm of geopolitics upheaval, high inflation, currency fluctuations and supply chain disruptions have lowered business and consumer demand for devices across the world, and is set to impact the PC market the hardest in 2022," said Ranjit Atwal, senior director analyst at Gartner.
Calgary is a globally renowned tourism destination that supports a resilient Alberta economy. In addition to its outstanding urban experiences and attractions, the city is a launching point for domestic and international visitors wanting to explore the southern ranges of Canada's Rocky Mountains, Alberta's Badlands, the Cowboy Trail, and enjoy western hospitality at other southern Alberta attractions. The city is also home to the "Greatest Outdoor Show on Earth", the Calgary Stampede; the famed
OTTAWA (Reuters) -Canada's economy most likely contracted in May, largely on a drop in oil and gas output, official data showed on Thursday, while GDP growth in April was in line with analyst forecasts. In a preliminary estimate, Statistics Canada said gross domestic product likely declined 0.2% in May, following a gain of 0.3% in April. "In the near-term we won't know whether the economy is making a U-turn or just a brief detour," Royce Mendes, head of macro strategy at Desjardins Group, said in a note.
Unifor will seek judicial review of an arbitration award that set the new terms of collective agreements covering hundreds of long-term care workers that continues a trend of failing workers in the sector.
E-commerce warehouse workers at HBC Logistics have voted overwhelming at 80% to accept a new tentative agreement, ending a nine-day strike action.
In a new take on ancient technology, Cargill, one of the world's biggest charterers of ships, is to add state-of-the art sails to a vessel early next year to test whether wind power can cut its carbon emissions, a top company executive said. With about 90% of world trade transported by sea, shipping accounts for nearly 3% of the world's CO2 emissions, yet environmental campaigners say efforts by the sector to cut emissions are slow. Leading agri group Cargill will start testing a dry bulk vessel with two wind sails in the first quarter of 2023, Jan Dieleman, president of Cargill's ocean transportation division, told Reuters.
OTTAWA — Economic growth slowed in April and Statistics Canada said Thursday its early estimate for May pointed to a contraction for the month amid weakness in the resource, manufacturing and construction sectors. The agency said growth in April was led by the mining, quarrying and oil and gas extraction sector and client-facing industries as real gross domestic product advanced 0.3 per cent for the month compared with a 0.7 per cent gain in March. However, its early estimate for May indicated a
Are you an investor that isn’t scared of a little volatility? Here are three top picks! The post 3 Growth Stocks Worth Buying if You Can Handle Volatility appeared first on The Motley Fool Canada.
WASHINGTON (Reuters) -Alphabet Inc's Google has agreed to pay $90 million to settle a legal fight with app developers over the money they earned creating apps for Android smartphones and for enticing users to make in-app purchases, according to a court filing. The app developers, in a lawsuit filed in federal court in San Francisco, had accused Google of using agreements with smartphone makers, technical barriers and revenue sharing agreements to effectively close the app ecosystem and shunt most payments through its Google Play billing system with a default service fee of 30%. As part of the proposed settlement, Google said in a blog post it would put $90 million in a fund to support app developers who made $2 million or less in annual revenue from 2016-2021.
Rock Tech Lithium Inc. (TSX-V: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) (the "Company" or "Rock Tech") is pleased to announce the latest assay results from the Company's ongoing drill program (the "Drill Program") at its 100%-owned Georgia Lake lithium project in the Thunder Bay Mining District of Ontario (the "Georgia Lake Project").
Apple Inc wants you to start buying gas directly from your car dashboard as early as this fall, when the newest version of its CarPlay software rolls out, accelerating the company's push to turn your vehicle into a store for goods and services. A new feature quietly unveiled at Apple's developer conference this month will allow CarPlay users to tap an app to navigate to a pump and buy gas straight from a screen in the car, skipping the usual process of inserting or tapping a credit card. Details of Apple's demo for developers have not previously been reported.
CALGARY — The Calgary Stampede has received more than $10 million from the federal government to help it bounce back after last year's event was scaled down due to the COVID-19 pandemic. A report to the city this week showed the Stampede had an operating loss of $8.3 million in 2021. Last year's Stampede ran at half capacity because of COVID-19 public health measures and was cancelled all-together the year before. Daniel Vandal, the federal minister for Prairies Economic Development Canada, says
Are crypto investors in for another prolonged 2017-2019-style bear market? The post Ethereum Briefly Dips Below $1,000: Is a Crypto Winter Incoming? appeared first on The Motley Fool Canada.
LONDON (AP) — Europe has moved to lead the world in regulating the freewheeling cryptocurrency industry at a time when prices have plunged, wiping out fortunes, fueling skepticism and sparking calls for tighter scrutiny. European Union negotiators hammered out the final details for a provisional agreement late Thursday on a sweeping package of crypto regulations for the bloc’s 27 nations, known as Markets in Crypto Assets, or MiCA. “In the Wild West of the crypto-world, MiCA will be a global sta
Voyager Digital LLC, the operating platform of Voyager Digital Ltd. ("Voyager" or the "Company") (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2), announced it is temporarily suspending trading, deposits, withdrawals and loyalty rewards, effective at 2:00 p.m. Eastern Daylight Time today.
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