Cboe to merge digital assets business with derivatives and clearing arm

Reuters
US stands to lose Canadian natural gas when LNG Canada terminal starts up
The start-up of LNG Canada, the country's first such export terminal, is likely to strain its natural gas supplies for multiple years and force producers to reduce exports to the U.S., where demand for the fuel is record high, companies said. Shell-led LNG Canada has begun testing its C$40-billion British Columbia terminal ahead of commercial operations starting in mid-2025. The terminal will process up to 2 billion cubic feet per day (bcfd), representing 11% of current Canadian gas output.
The Independent
Accounting firm used by Trump Media hit with ‘massive fraud’ charge
Fraud alleged to have impacted upwards of 500 public companies, according to Securities and Exchange Commission
The Canadian Press
Berkshire's profit plunges 64% on portfolio holdings as Buffett sells Apple
OMAHA, Neb. (AP) — Berkshire Hathaway's first quarter profits plummeted along with the paper value of its investments, but the company said Saturday that most of the businesses it owns outright performed well. The company reported reported a $12.7 billion profit, or $8.825 per Class A share, in the quarter. That’s roughly one-third of last year's $35.5 billion, or $24,377 per A share. The figures were heavily influenced by a large drop in the paper value of Berkshire’s investments. Buffett encou
GOBankingRates
Kevin O’Leary: The Money Is ‘Not in Bitcoin’ — Here’s What You Should Invest In
Cash flow. If you're a fan of "Shark Tank" or follow Kevin O'Leary, you've likely heard him talk about the importance of cash flow. In a recent video he posted to LinkedIn, O'Leary spoke again about...
The Canadian Press
TD worst-case scenario more likely after drug money laundering allegations: analyst
TORONTO — TD Bank Group could be hit with more severe penalties than previously expected, says a banking analyst, after a report that the investigation it faces in the U.S. is tied to laundering illicit fentanyl profits. National Bank analyst Gabriel Dechaine said in a note that the worst-case scenario of the multiple U.S. investigations TD faces needs reassessing after the Wall Street Journal reported the link on Thursday. The newspaper said the U.S. Justice Department investigation is focused
Barrons.com
‘We Lost Quite a Bit of Money.’ Berkshire Sold Entire Paramount Stake, Buffett Says.
Berkshire Hathaway has sold its entire stake in Paramount Global losing “quite a bit of money,” Berkshire CEO Warren Buffett said at the company’s annual meeting on Saturday. Buffett also shot down speculation that Ted Weschler or Todd Combs, who together run about 10% of Berkshire Hathaway’s equity portfolio, had purchased the Paramount stake, taking responsibility for the investment himself. “It was 100% my decision and we’ve sold it all and we lost quite a bit of money,” said Buffett.
Bloomberg
Trump Media’s Accounting Firm Accused of Fraud, Fined $14 Million
(Bloomberg) -- The Securities and Exchange Commission accused the auditor of Donald Trump’s social-media company of massive fraud affecting hundreds of companies and more than 1,500 regulatory filings.Most Read from BloombergEverything Apple Plans to Show at May 7 ‘Let Loose’ iPad EventBerkshire Cash Hoard Scores Another Record as Earnings GainThe World’s Hunger for Salmon Is Linked to an Ecological DisasterBuffett and Berkshire’s Entertainment Value Is WaningTrump Aide Hicks Cries on Witness St
GOBankingRates
I Manage Money For Millionaires: 3 Things Wealthy Americans Never Spend Their Money On — and Two Things They Shouldn’t
James Baldwin famously said, "Anyone who has ever struggled with poverty knows how extremely expensive it is to be poor." In January 2014, long after the Great Recession but before the pandemic,...
GOBankingRates
Mark Cuban’s 5 Best Passive Income Ideas
Mark Cuban is well-known for his outspoken views and advice on topics that range from politics to investing. The self-made billionaire doesn't hold back when it comes to sharing his two cents on how...
Reuters
Canadian dollar forecasts trimmed by analysts as BoC moves closer to rate cuts: Reuters poll
The Canadian dollar is set to strengthen less than previously expected over the coming year as the Bank of Canada makes progress on taming inflation and will likely begin cutting interest rates ahead of the Federal Reserve, a Reuters poll found. According to the median forecast of nearly 40 foreign exchange analysts in the April 29-May 2 poll, the loonie will strengthen 0.7% to 1.36 per U.S. dollar, or 73.53 U.S. cents, in three months, compared to 1.34 in last month's poll. "In the near term, I think there are going to be some headwinds," said Bipan Rai, global head of FX strategy at CIBC Capital Markets.
Insider Monkey
Morgan Stanley’s Top 15 Stock Picks for 2024
In this article, we’ll look into Morgan Stanley’s top 15 stock picks for 2024. If you prefer to skip the introduction about the investment bank and its recent business developments, you can just dive straight into Morgan Stanley’s Top 5 Stock Picks for 2024. With the upcoming U.S. election season looming, the Federal Reserve has attempted […]
Simply Wall St.
Cenovus Energy Inc. Just Beat EPS By 36%: Here's What Analysts Think Will Happen Next
Cenovus Energy Inc. ( TSE:CVE ) investors will be delighted, with the company turning in some strong numbers with its...
Reuters
Berkshire pares huge Apple stake as cash, operating profit set records
Berkshire Hathaway significantly reduced its enormous stake in Apple in the first quarter, as Warren Buffett's conglomerate let its cash hoard swell to a record $189 billion. Buffett's company also posted a record operating profit exceeding $11 billion, as its insurance operations benefited from improved underwriting and higher income from investments as interest rates rose. The value of Berkshire's stake in Apple fell 22% to $135.4 billion as of March 31 from $174.3 billion at the end of 2023, even though the iPhone maker's share price fell just 11% in the quarter.
Deadline
Warren Buffett Says He Has Sold All Of His Paramount Global Stock, Losing “Quite A Bit Of Money”
Warren Buffett says he has sold all of his shares in Paramount Global at a significant loss. Speaking at the annual meeting of Berkshire Hathaway, his company, today in Omaha, NE, the billionaire investor took full ownership of the bad call. Despite speculation to the contrary, he said, “It was 100% my decision” to invest …
Financial Post
David Rosenberg: Why the Bank of Canada needs to start cutting rates … Now
Key data points indicate the central bank is keeping policy 'far too tight'
Barrons.com
Nvidia Stock Is Climbing. Here’s Why.
Coming into the session, the stock is up 29% in the past three months and 73% since Jan. 1, but it has lost 2.2% over the past five days.
The Motley Fool
5 TSX Stocks With High Dividend Growth to Buy Now
These TSX stocks sport a high dividend growth rate and are known for consistently rewarding their shareholders with increased cash. The post 5 TSX Stocks With High Dividend Growth to Buy Now appeared first on The Motley Fool Canada.
The Motley Fool
2 Top Dividend-Growth Stocks to Buy in May
These two dividend stocks saw major growth after earnings that promised more was coming in the future. And now could be the time to buy. The post 2 Top Dividend-Growth Stocks to Buy in May appeared first on The Motley Fool Canada.
The Canadian Press
London Drugs announces gradual reopening of stores following cybersecurity incident
London Drugs says it is gradually reopening its stores following a cybersecurity incident that shuttered its more than 80 locations across Alberta, Saskatchewan, Manitoba and B.C. The Richmond, B.C.-based pharmacy chain says in a statement issued Saturday that it's "taking the time with each store to ensure systems are working and ready to serve customers." Because of that, it says it will not be communicating which stores are opening and when. The statement says pharmacists are on-site at all s
Business Insider
A 64-year-old 'peak boomer' worries his savings and Social Security won't be enough to retire: 'My biggest fear is finding myself at 75 standing at the door at Walmart.'
David Kirsch, 64, is hoping to live comfortably in retirement — but he isn't sure his savings and Social Security will cover his living expenses.

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Cboe to merge digital assets business with derivatives and clearing arm

Latest Stories

US stands to lose Canadian natural gas when LNG Canada terminal starts up

Accounting firm used by Trump Media hit with ‘massive fraud’ charge

Berkshire's profit plunges 64% on portfolio holdings as Buffett sells Apple

Kevin O’Leary: The Money Is ‘Not in Bitcoin’ — Here’s What You Should Invest In

TD worst-case scenario more likely after drug money laundering allegations: analyst

‘We Lost Quite a Bit of Money.’ Berkshire Sold Entire Paramount Stake, Buffett Says.

Trump Media’s Accounting Firm Accused of Fraud, Fined $14 Million

I Manage Money For Millionaires: 3 Things Wealthy Americans Never Spend Their Money On — and Two Things They Shouldn’t

Mark Cuban’s 5 Best Passive Income Ideas

Canadian dollar forecasts trimmed by analysts as BoC moves closer to rate cuts: Reuters poll

Morgan Stanley’s Top 15 Stock Picks for 2024

Cenovus Energy Inc. Just Beat EPS By 36%: Here's What Analysts Think Will Happen Next

Berkshire pares huge Apple stake as cash, operating profit set records

Warren Buffett Says He Has Sold All Of His Paramount Global Stock, Losing “Quite A Bit Of Money”

David Rosenberg: Why the Bank of Canada needs to start cutting rates … Now

Nvidia Stock Is Climbing. Here’s Why.

5 TSX Stocks With High Dividend Growth to Buy Now

2 Top Dividend-Growth Stocks to Buy in May

London Drugs announces gradual reopening of stores following cybersecurity incident

A 64-year-old 'peak boomer' worries his savings and Social Security won't be enough to retire: 'My biggest fear is finding myself at 75 standing at the door at Walmart.'