Australian Securities Exchange Gives Green Light to DigitalX's Bitcoin ETF

Reuters
Investors react to Biden pulling out of presidential race
NEW YORK (Reuters) -U.S. President Joe Biden ended his reelection campaign on Sunday after fellow Democrats lost faith in his mental acuity and ability to beat Donald Trump, leaving the presidential race in uncharted territory. "Biden endorsed Harris, but I think they’ll be a lot of cooks in the kitchen over the next two weeks vying for the position - I believe it’s wide open."
The Motley Fool
1 Magnificent Dividend Stock That’s Down 10% and Trading at a Once-in-a-Decade Valuation
This dividend stock may be down around 10%, but there is a huge future opportunity for those wanting growth as well as a 5.35% dividend. The post 1 Magnificent Dividend Stock That’s Down 10% and Trading at a Once-in-a-Decade Valuation appeared first on The Motley Fool Canada.
Moneywise
Warren Buffett once said there are 'two kinds of items people buy' to grow wealth — but only one 'really is investing'
It's all about where the returns come from.
Barrons.com
Why Berkshire’s $1.5 Billion Sale of Bank of America Stock Could Be Just the Beginning
When Berkshire starts selling big equity holdings, it often continues to do so, as it has done with U.S. Bancorp Wells Fargo Bank of New York Mellon and HP in recent years. The risk of further sales appears to be depressing Bank of America stock, which was off 0.7% to $42.60 Monday morning, the weakest showing among its peers. The stock also may be lower because of the signal the sale sends; it is an indication that Berkshire CEO Warren Buffett may view Bank of America stock as fully priced now.
The Motley Fool
RRSP Must-Haves: 2 Canadian Stocks to Secure Your Future
The TSX’s dividend pioneer and first Dividend King are must-haves in an RRSP to ensure financial security in retirement. The post RRSP Must-Haves: 2 Canadian Stocks to Secure Your Future appeared first on The Motley Fool Canada.
Bloomberg
Trans Mountain Pipeline Weighs Debt Deal Ahead of Potential Sale
(Bloomberg) -- Trans Mountain Corp. plans to borrow in the bond market to refinance some of its outstanding debt ahead of the Canadian government’s eventual sale of the oil pipeline operator, according to people familiar with the matter.Most Read from BloombergJoe Biden Bows to Democrats Who Wanted Him Out, Upending US PoliticsBiden Exit Puts Trump Trade in Doubt as Election Gets Re-SetHarris Wins Soros Backing While Other Billionaire Donors Want an Open ContestA Brief History of Kamala Harris a
Barrons.com
CrowdStrike Stock Tumbles Again. Why It and Airlines Face More Tech Outage Pain.
CrowdStrike shares plummeted on Friday after the cybersecurity company's software update triggered a global tech outage.
Moneywise
5 surprising signs you’re no longer ‘middle class’ in America and you've clawed your way up the class ladder
You may be doing better than you think.
The Canadian Press
Two-thirds of Canadians 'desperately' need interest rates to go down: MNP survey
CALGARY — A new survey says the Bank of Canada's recent interest rate cut did little to change Canadians' negative perceptions about their personal finances.
Reuters
India ed-tech firm Byju's founder faces reckoning as startup implodes
Byju Raveendran, an Indian mathematics whiz who soared from teacher to startup billionaire before his education-technology company imploded this year, now faces his biggest test. The future of Raveendran's eponymous Byju's online coaching firm rests with India's courts after the country's biggest startup, once loved by global investors who valued it at $22 billion, crashed below $2 billion in valuation. The 44-year-old founder last week lost control of the company as a tribunal kick-started an insolvency process.
Reuters
Canadian dollar hits 5-week low ahead of expected rate cut
The Canadian dollar weakened to a five-week low against its U.S. counterpart on Monday as speculators raised their bearish bets on the currency ahead of a potential interest rate cut this week by the Bank of Canada. The loonie was trading 0.2% lower at 1.3760 to the U.S. dollar, or 72.67 U.S. cents, after touching its weakest intraday level since June 14 at 1.3774. "The CAD's focus this week falls squarely on Wednesday's BoC policy decision where a 25 bps (basis points) cut is more or less fully priced in at this point," Shaun Osborne, chief currency strategist at Scotiabank, said in a note.
Barrons.com
Buffett’s Berkshire Sells Bank of America Stock Worth $1.5 Billion
Berkshire has reduced or eliminated stakes in several banks in recent years, including Wells Fargo, JPMorgan Chase, and Goldman Sachs .
Reuters Videos
Nvidia prepping new China chip in line with export curbs
STORY: Nvidia is working on a new version of its flagship AI chips that is meant to avoid U.S. restrictions on sales to China. That’s according to Reuters sources. They say the new silicon will be compatible with Washington’s export controls. There was no comment on the report from the company. The AI chip champion unveiled its “Blackwell” semiconductors in March. It’s thought the new product for China will be a derivative. The U.S. tightened controls on the export of chips to China in 2023. It wants to prevent breakthroughs in supercomputing that could help the country’s military. Recent reports claim more controls are likely, with Washington pressuring allies like Japan to impose further controls too. Since the U.S. curbs were introduced, Chinese tech giants including Huawei have sought to develop their own alternative semiconductors. That’s a challenge Nvidia would like to defeat, with China accounting for over a quarter of its sales before the recent tensions began.
Barrons.com
Cathie Wood Bought $12 Million in CrowdStrike Stock After Tech Meltdown
The CEO of ARK Invest swooped in to buy the dip after an update for the company’s software system triggered a global tech outage.
Barrons.com
Broadcom Is ‘Catching Up’ to Nvidia as Favorite Chip Stock, Analyst Says
Broadcom is “catching up” to Nvidia as a semiconductor stock with the most positive investor sentiment, according to Citi analyst Christopher Danely. The analyst wrote in a research note that he met last week with investors to discuss their favorite and least favorite chip stocks. Unsurprisingly, Danely said Nvidia remains the stock with the most upbeat sentiment, but Broadcom is right behind it.
The Motley Fool
Is it Safe to Invest With the S&P 500 Hitting Record Highs?
Here's why I personally continue to invest steadily even as the market hits all-time highs. The post Is it Safe to Invest With the S&P 500 Hitting Record Highs? appeared first on The Motley Fool Canada.
Barrons.com
GM, Ford, and Tesla Report Earnings This Week. This Is the Likely Winner.
GM stock is up most year to date, followed by Ford shares. Tesla stock is in third place for now, and should be the most volatile after earnings.
GOBankingRates
Robert Kiyosaki: Why Saving Money Is the Wrong Way To Prepare for Retirement
Robert Kiyosaki, the bestselling author of "Rich Dad Poor Dad," has argued -- against conventional wisdom -- that "the historical advice to 'save' is no longer a sufficient way to prepare for...
Bloomberg
China Surprises With Rate Cut After Xi’s Big Meeting Disappoints
(Bloomberg) -- China increased support for the economy with surprise interest-rate cuts, seeking to prop up growth after a lack of short-term stimulus from a major Communist Party meeting disappointed investors.Most Read from BloombergBiden Exit Puts Trump Trade in Doubt as Election Gets Re-SetJoe Biden Bows to Democrats Who Wanted Him Out, Upending US PoliticsBiden Exits Race, Endorses Harris as She Shores Up SupportBiden Is Out: What’s Next for Democrats, ExplainedA Brief History of Kamala Har
Global News
Auto insurance premiums rising: What can Canadian drivers do to trim the bill?
Drivers in Canada are facing a surge in auto insurance premiums despite a 17 per cent decrease in the national auto theft rate this year. According to a recent survey by Ratehub.ca, 48 per cent of respondents reported a significant increase in their auto insurance costs. Anne Gaviola explores why premiums are rising now and how drivers can try to limit their impact on household budgets.

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NASDAQ LEADS STOCKS HIGHER AFTER BIDEN EXIT

Australian Securities Exchange Gives Green Light to DigitalX's Bitcoin ETF

Latest Stories

Investors react to Biden pulling out of presidential race

1 Magnificent Dividend Stock That’s Down 10% and Trading at a Once-in-a-Decade Valuation

Warren Buffett once said there are 'two kinds of items people buy' to grow wealth — but only one 'really is investing'

Why Berkshire’s $1.5 Billion Sale of Bank of America Stock Could Be Just the Beginning

RRSP Must-Haves: 2 Canadian Stocks to Secure Your Future

Trans Mountain Pipeline Weighs Debt Deal Ahead of Potential Sale

CrowdStrike Stock Tumbles Again. Why It and Airlines Face More Tech Outage Pain.

5 surprising signs you’re no longer ‘middle class’ in America and you've clawed your way up the class ladder

Two-thirds of Canadians 'desperately' need interest rates to go down: MNP survey

India ed-tech firm Byju's founder faces reckoning as startup implodes

Canadian dollar hits 5-week low ahead of expected rate cut

Buffett’s Berkshire Sells Bank of America Stock Worth $1.5 Billion

Nvidia prepping new China chip in line with export curbs

Cathie Wood Bought $12 Million in CrowdStrike Stock After Tech Meltdown

Broadcom Is ‘Catching Up’ to Nvidia as Favorite Chip Stock, Analyst Says

Is it Safe to Invest With the S&P 500 Hitting Record Highs?

GM, Ford, and Tesla Report Earnings This Week. This Is the Likely Winner.

Robert Kiyosaki: Why Saving Money Is the Wrong Way To Prepare for Retirement

China Surprises With Rate Cut After Xi’s Big Meeting Disappoints

Auto insurance premiums rising: What can Canadian drivers do to trim the bill?