Australia's DigitalX to launch spot bitcoin ETFs on ASX

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.
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."
Barrons.com
Why Berkshire’s $1.5 Billion Sale of Bank of America Stock Could Be Just the Beginning
Berkshire Hathaway trimmed its holdings of Bank of America stock for the first time in at least four years. U.S. Bancorp, Wells Fargo, Bank of New York Mellon, and HP Inc. were once large positions at Berkshire and have been eliminated. The risk of further sales appears to be depressing Bank of America stock, which was off 1.5% on Monday afternoon.
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.
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.
Reuters
Air Canada cuts 2024 core profit forecast as over-capacity impacts prices
A rush among carriers to cash in on summer travel demand has forced airlines to offer discounts on tickets to fill their planes. The updated forecast reflects the lower yield environment, less-than-expected load factors for the second half of the year and competitive pressures in international markets, Canada's largest carrier said on Monday.
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.
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 BloombergHarris Wins Soros Backing While Other Billionaire Donors Want an Open ContestJoe Biden Bows to Democrats Who Wanted Him Out, Upending US PoliticsBiden Exit Puts Trump Trade in Doubt as Election Gets Re-SetA Brief History of Kamala Harris a
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.
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.
Bloomberg
Trudeau’s Tax Hikes Risk Worsening Canada’s Struggle for Capital
(Bloomberg) -- Prime Minister Justin Trudeau’s government has turned to raising taxes on businesses to help fund Canada’s budget, adding headwinds to an economy that’s already struggling to attract investment. Most Read from BloombergHarris Wins Soros Backing While Other Billionaire Donors Want an Open ContestJoe Biden Bows to Democrats Who Wanted Him Out, Upending US PoliticsBiden Exit Puts Trump Trade in Doubt as Election Gets Re-SetA Brief History of Kamala Harris and Her PoliticsTrump Risks
The Motley Fool
Invest $10,000 in This Dividend Stock for $1,291 in Passive Income
EQB is a cheap dividend stock trading at a discount to consensus price target estimates. The post Invest $10,000 in This Dividend Stock for $1,291 in Passive Income appeared first on The Motley Fool Canada.
Reuters
Russia set for aggressive 200 bps rate hike to cool down economy: Reuters Poll
The Russian central bank is set to hike its key interest rate by 200 basis points to 18% at the July 26 board meeting to tame inflation and cool the overheated economy, a Reuters poll showed on Monday. All 28 analysts agreed that the rate hike was inevitable, with three-quarters of the polled analysts predicting an aggressive 200 basis points hike. Only four analysts saw the possibility of a 100 basis points rise.
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
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
BN vs. BAM: Which Brookfield Is the Better Buy?
Brookfield Asset Management (TSX:BAM) and its brother look way too cheap as they look break out to new highs. The post BN vs. BAM: Which Brookfield Is the Better Buy? appeared first on The Motley Fool Canada.
GOBankingRates
6 Types of Investments That Will Plummet in Value Before the End of 2024
Just mere months away from the presidential election, there is no shortage of economic issues that are top of mind for many investors: Inflation (which remains sticky), exploding rates, a difficult housing market and the uncertainty regarding when the Federal Reserve will cut rates can all lead to difficult investment decisions.
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.
Simply Wall St.
Top TSX Dividend Stocks For July 2024
As the Canadian market experiences subtle shifts amid declining interest rates and a cautious optimism for economic stability, investors are closely monitoring opportunities within the TSX. In this context, dividend stocks emerge as particularly noteworthy, offering potential resilience and steady income in a landscape marked by evolving financial dynamics and central bank policies.
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.

S&P/TSX

S&P 500

DOW

CAD/USD

CRUDE OIL

Bitcoin CAD

CMC Crypto 200

GOLD FUTURES

RUSSELL 2000

10-Yr Bond

NASDAQ futures

VOLATILITY

FTSE

NIKKEI 225

CAD/EUR

TECH ROARS BACK AS S&P 500, NASDAQ SURGE

Australia's DigitalX to launch spot bitcoin ETFs on ASX

Latest Stories

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

Investors react to Biden pulling out of presidential race

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

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

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

Air Canada cuts 2024 core profit forecast as over-capacity impacts prices

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

Trans Mountain Pipeline Weighs Debt Deal Ahead of Potential Sale

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

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

Trudeau’s Tax Hikes Risk Worsening Canada’s Struggle for Capital

Invest $10,000 in This Dividend Stock for $1,291 in Passive Income

Russia set for aggressive 200 bps rate hike to cool down economy: Reuters Poll

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

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

BN vs. BAM: Which Brookfield Is the Better Buy?

6 Types of Investments That Will Plummet in Value Before the End of 2024

Nvidia prepping new China chip in line with export curbs

Top TSX Dividend Stocks For July 2024

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