Pandemics and interest rates are causes of concern -- and now investors have a third reason to worry about cruise markets.
LISBON, Portugal (AP) — The Portuguese government has given its authorization for the sale of Chelsea by Roman Abramovich, who needed approval because he is a Portuguese passport holder. The decision by Portugal was announced Thursday, a day after the British government approved the sale of Chelsea by the sanctioned Russian oligarch to a consortium fronted by a part-owner of the Los Angeles Dodgers. Portugal's rubber stamp was also needed for the deal worth 2.5 billion pounds ($3.1 billion) — th
Kiaro Holdings Corp. ("Kiaro" or the "Company") (TSXV: KO) (OTC: KIARF), a diversified cannabis retailer, wholesale distributor and eCommerce retailer, is pleased to announce the launch of the MyHemisphere membership program. Replicating the successful MyKiaro program that offers customers a tailored, elevated experience, customers will encounter a personal membership service that is focussed on the products they love at their favourite locations. This program underpins the success of the Kiaro
Canfor Corporation (TSX: CFP) is announcing the continuation of reduced operating schedules at its Western Canadian sawmills due to the ongoing global supply chain challenges. The Company has been operating at approximately 80% of production capacity since late March 2022.
Earnings from retailers this week illustrated a split in shopping patterns of more- and less-affluent Americans dealing with the highest inflation in four decades. As high inflation has lifted prices of everything from TVs to toothpaste, lower-income consumers have curbed their spending habits, according to stores that cater to them. Higher-income shoppers have shown resiliency, snapping up tailored suits, designer gowns and footwear, according to the department stores that cater to them.
The sharp pullback in fundamentally strong TSX stocks presents a solid opportunity for buying. The post Now Is the Time to Add These 3 Stocks to Your TFSA Portfolio appeared first on The Motley Fool Canada.
KYIV, Ukraine (AP) — Moscow pressed the West on Thursday to lift sanctions against Russia over the war in Ukraine, seeking to shift the blame for a growing food crisis that has been worsened by Kyiv’s inability to ship millions of tons of grain and other agricultural products while under attack. Britain immediately accused Russia of “trying to hold the world to ransom,” insisting there would be no sanctions relief, and a top U.S. diplomat blasted the "sheer barbarity, sadistic cruelty and lawles
Britain's economy regained its pre-COVID size late last year, but in one crucial way it has not recovered: there are 400,000 fewer workers than at the start of the pandemic. This stands in contrast to most other big, rich economies where the labour force has recovered more, and adds to the Bank of England's inflation worries after surging energy prices and other bottlenecks pushed it to a 40-year high. The central bank fears a tight labour market will limit the economy's growth potential and put fresh upward pressure on wages, making it harder to bring inflation back to its target.
(Reuters) -Top U.S. dollar store chains on Thursday raised their sales expectations for the year as bargain-hunting Americans increasingly shop at discounters with inflation at a four-decade high, sending shares of the retailers at least 15% higher. Shares of Dollar Tree Inc and Dollar General Corp rebounded from a slide last week that wiped off nearly a fifth of their value after huge profit declines at industry bellwethers Walmart Inc and Target Corp. The dollar stores also reported better-than-expected results for the first quarter, which analysts believe should bring respite to the battered retail sector.
Transport Canada said following a May 20 2021 Tesla Model Y fire in Vancouver that it had its contracted collision and defect investigation team "locate and secure the vehicle." The U.S. National Highway Traffic Safety Administration told Reuters ON Thursday it "is aware of the incident and has reached out to the manufacturer for information." Tesla did not respond to a request for comment.
CALGARY — The rising price of oil may grab most of the headlines, but another commodity — natural gas — is on an even wilder ride and expected to hit fresh heights this summer. The war in Ukraine and resulting concerns about global energy security have driven up commodity prices world-wide. But where the price of oil is up about 85 per cent year-over-year, natural gas is up more than 200 per cent. As of mid-day Friday, the U.S. natural gas benchmark Henry Hub price was trading around US$8.75 per
WASHINGTON (AP) — The Supreme Court on Thursday allowed the Biden administration to use a higher estimate, challenged by Republican-led states, for calculating damages to people and the environment from greenhouse gas emissions. The justices did not comment in refusing to put back in place an order from a federal judge in Louisiana that had blocked the administration from putting greater emphasis on potential damage from greenhouse gas emissions when creating rules for polluting industries. The
CIBC stock is down on the latest earnings report. Are the shares oversold? The post CIBC (TSX:CM) Raises Dividend: Should You Buy the Stock? appeared first on The Motley Fool Canada.
ROSHN, Saudi Arabia's leading national real estate developer, fully owned by the Public Investment Fund (PIF) and chaired by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, announced the launch of its new ALAROUS community during the MBS League match between Al-Ittihad and Al-Hilal held in the King Abdullah Sports City stadium in Jeddah, on the evening of May 23, 2022.
First Majestic Silver (TSX:FR) stock has been a big underperformer this year, but things could turn if silver prices can sustain a bounce back. The post 1 Top Silver Stock That’s Getting Way Too Cheap appeared first on The Motley Fool Canada.
That is still more than three times the Fed's 2% target. The decline in core inflation is particularly good news for the central bank, along with fresh evidence that household spending continues to grow despite still fast-rising prices. "While inflation levels in the 4% range are still too high for the Fed, we are seeing movement in the right direction," Nationwide Economist Dan Hadden wrote in a note.
SACRAMENTO, Calif. (AP) — The Biden administration has released the lease terms for offshore wind projects that would place hundreds of turbines in California's coastal waters — the first such project off the nation's Pacific coast. The two projects along the state's northern and central coasts are envisioned to generate up to 4.5 gigawatts of wind energy. That's enough to power about 1.5 million homes, the U.S. Department of the Interior said Thursday. Wind turbines could eventually cover up to
Japanese buyout firms Japan Industrial Partners (JIP) and Polaris Capital Group are each considering participating in bids for Toshiba Corp, two people familiar with the matter said on Friday. Toshiba, which has been bedevilled by accounting and governance crises since 2015, set up a special committee last month to explore strategic options, including potential deals to go private, after shareholders voted down a management-backed restructuring plan. Both funds, far smaller than some global private equity firms, would need to team up with others, the sources said.
Canadian banking stocks like Toronto-Dominion Bank (TSX:TD)(NYSE:TD) are outperforming the S&P 500 this year. Here's why. The post Banking Stocks: The Cure to a Down Market? appeared first on The Motley Fool Canada.
Around a quarter of Canadians believe the country will experience a recession in the next three months, while 55 per cent think it is in the midst of one.
Cansortium Inc. (CSE: TIUM.U) (OTCQX: CNTMF) ("Cansortium" or the "Company"), a vertically-integrated cannabis company operating under the Fluent™ brand, is providing a bi-weekly default status report in accordance with National Policy 12-203 – Management Cease Trade Orders ("NP 12-203").
Yahoo Finance