JPMorgan stumbles as net interest income disappoints, and Citigroup’s earnings top analysts’ estimates but the stock falls. Meanwhile, a report says Chinese officials directed the nation’s largest telecom carriers to phase out foreign processors with Advanced Micro Devices and Intel being the most exposed.
'Momentum in the Canadian economy appears to have faded quickly'
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Enbridge (TSX:ENB) stock has barely moved in the last few years, with ongoing issues. But there are still reasons that could make it work for investors. The post 3 Reasons to Buy Enbridge Stock Like There’s No Tomorrow appeared first on The Motley Fool Canada.
(Bloomberg) -- The cocoa market was whipsawed by extreme volatility in the futures market on Tuesday amid a lack of liquidity.Most Read from BloombergHSBC CEO Quinn Unexpectedly Steps Down After Almost 5 YearsBinance and CZ’s Fortunes Are Set to Grow, Even in JailTesla Soars on Tentative China Approval for Driving SystemS&P 500 Falls 1% at End of Worst Month in 2024: Markets WrapStocks Trade for 390 Minutes a Day. Increasingly, Only 10 MatterAfter more than doubling this year, futures traded in
Too wide a spread between interest rates here and in the U.S. could hurt the Canadian dollar and reignite inflation
"We expect, in any case, that the Fed's communications after the FOMC meeting this week will have a uniformly hawkish tone," Macquarie said.
Artificial intelligence stocks have been on a roll for the past few months, mostly driving the market rally. Nvidia delivered record-breaking earnings on Feb. 21, with revenue rising to a staggering...
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There are five major events to watch for this week, highlighted by a Fed meeting and the April jobs report.
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In this article, we discuss the 20 Countries That Produce the Most Gold in the World. If you want to skip our discussion of the gold industry, go directly to 5 Countries That Produce the Most Gold in the World. Gold has been extremely valuable for ages. According to experts, about 209,000 tons of gold […]
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Experts say it’s a decision that requires careful consideration.
McDonald's (MCD) first-quarter earnings report showcased a combo meal of international headwinds, including global sales growth slowing behind figures from this time last year and boycotts related to the ongoing Israel-Palestine conflict. Additionally, inflation and rising menu prices are taking a toll on lower-income consumers. On the fast-food chain's earnings call, McDonald's CEO Chris Kempczinski stated that "consumers continue to be even more discriminating with every dollar that they spend as they face elevated prices in their day-to-day spending." Placer.ai Head of Analytical Research R.J. Hottovy sits down with Catalysts to discuss whether McDonald's item prices are beginning to price out certain consumer demographics. Placer.ai data found McDonald's to maintain higher monthly foot traffic growth over the past year than its competition. "Right now consumers are really focused on value, and not just discounts. I think that low price point is something that they're certainly focused in on," Hottovy says. "We've seen groups that really market around a low price point, generally a higher visitation trade. And so I think that's what McDonald's may be pivoting to in the future. There's a lot of discussion about future value plans in the US and abroad in the earnings call today. I think that's really going to be a key message..." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Luke Carberry Mogan.
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Waiting until age 70 to claim Canada Pension Plan would more than double pension payments
NEW YORK (AP) — More worries about inflation and interest rates staying high are knocking U.S. stocks lower on Tuesday, as the market closes out its worst month since September. The S&P 500 was down 1% in late trading and on track to close out its first losing month in the last six. Its momentum slammed into reverse in April, falling as much as 5.5% at one point, after setting records through the early part of the year. The Dow Jones Industrial Average was down 430 points, or 1.1%, as of 3 p.m.
The Canadian dollar edged up to a near three-week high against its U.S. counterpart on Monday as risk sentiment improved and ahead of monthly GDP data this week that could offer clues on the strength of the domestic economy. The loonie was trading 0.1% higher at 1.3656 to the U.S. dollar, or 73.23 U.S. cents, after earlier touching its strongest level since April 10 at 1.3632. "It has been a somewhat quiet start to the week, with firmer equity and bond markets underpinning risk sentiment and weighing on the USD more broadly," said George Davis, chief technical strategist at RBC Capital Markets.
Tony Robbins is an expert on building wealth, but he didn't get there overnight. He spent years working with and learning from some of the most successful investors of all time -- including hedge...
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