Company News for Apr 25, 2024

Barrons.com
DJT Stock Falls. SEC Charges Trump Media Auditing Firm With ‘Massive Fraud.’
The SEC charges the company’s auditing firm BF Borgers CPA and its owner Benjamin Borgers with ‘massive fraud.’
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
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
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 DisasterSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineTrump Aide Hicks Cries on W
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.
The Motley Fool
Want Safe Dividend Income in 2024? Invest in the Following 2 Ultra-High-Yield Stocks
Want to generate a safe dividend income? Here's a look at some of the best options to buy right now and hold for a decade or more. The post Want Safe Dividend Income in 2024? Invest in the Following 2 Ultra-High-Yield Stocks appeared first on The Motley Fool Canada.
Financial Post
Killer TD variable rate mortgage could be sign of better deals to come
Robert McLister: Offer is 101 basis points lower than Canada's benchmark prime rate of 7.2%, but bank appears to be playing coy with this sizzling discount
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.
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...
GOBankingRates
Here’s How Much a $1,000 Investment in Chevron Stock 10 Years Ago Would Be Worth Now
With a market capitalization of nearly $300 billion, per CNN, Chevron (CVX) is one of the major players when it comes to energy companies. Along with its even larger main rival, ExxonMobil (XOM),...
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 […]
The Motley Fool
3 TSX Stocks to Buy as Oil Prices Rise
Given their solid underlying businesses and healthy growth prospects, these three TSX stocks are ideal buys in this volatile environment. The post 3 TSX Stocks to Buy as Oil Prices Rise appeared first on The Motley Fool Canada.
The Motley Fool
Got $5,000? 5 Stocks to Buy for Lasting Wealth
If you got some cash to invest in May, there are some decent buys on the market pullback. Here are five quality stocks to look at today. The post Got $5,000? 5 Stocks to Buy for Lasting Wealth appeared first on The Motley Fool Canada.
The Motley Fool
How Much Will Bank of Nova Scotia Pay in Dividends This Year?
Bank of Nova Scotia (TSX:BNS) stock has a 6.66% dividend yield. The post How Much Will Bank of Nova Scotia Pay in Dividends This Year? appeared first on The Motley Fool Canada.
Yahoo Finance Canada
Weak loonie? These TSX stocks could gain strength, says RBC
It says Canadian stocks that tend to generate more earnings from the U.S. span the technology, media, financial, healthcare, industrial, and forest product sectors.
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'

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Company News for Apr 25, 2024

Latest Stories

DJT Stock Falls. SEC Charges Trump Media Auditing Firm With ‘Massive Fraud.’

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

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

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

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

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

Want Safe Dividend Income in 2024? Invest in the Following 2 Ultra-High-Yield Stocks

Killer TD variable rate mortgage could be sign of better deals to come

Mark Cuban’s 5 Best Passive Income Ideas

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

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

Here’s How Much a $1,000 Investment in Chevron Stock 10 Years Ago Would Be Worth Now

Morgan Stanley’s Top 15 Stock Picks for 2024

3 TSX Stocks to Buy as Oil Prices Rise

Got $5,000? 5 Stocks to Buy for Lasting Wealth

How Much Will Bank of Nova Scotia Pay in Dividends This Year?

Weak loonie? These TSX stocks could gain strength, says RBC

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