Morning News Call - Canada, May 13

Bloomberg
Ballmer Is Richer Than Gates, a First for Microsoft Billionaires
(Bloomberg) -- Steve Ballmer passed Bill Gates on Monday to become the sixth-richest person in the world, the first time the former chief executive officer of Microsoft Corp. has been wealthier than the company’s co-founder. Most Read from BloombergDemocrats Weigh Mid-July Vote to Formally Tap Biden as NomineePowerful Storm Beryl Aims at Jamaica After Grenada StrikeS&P 500 Closes Above 5,500 in Record-Breaking Run: Markets Wrap‘Upflation’ Is the New Retail Trend Driving Up Prices for US Consumer
Business Insider
Cathie Wood's Ark Invest has destroyed $14 billion in wealth over the past decade, Morningstar says
"These funds managed to lose value for shareholders even during a generally bullish market," Morningstar analyst Amy Arnott said.
Barrons.com
Nvidia Stock Breaks Losing Streak. What’s Worrying the Market.
The launch of Nvidia's Blackwell chips will test the ability of its suppliers and customers to deal with the infrastructure challenges associated with even more powerful chips.
The Motley Fool
3 AI Stocks That Have Turned $25,000 Into $1 Million in 15 Years
The Great Recession ended 15 years ago. Buying these stocks back then would have been a brilliant move. The post 3 AI Stocks That Have Turned $25,000 Into $1 Million in 15 Years appeared first on The Motley Fool Canada.
The Motley Fool
Don’t Ignore These 2 Dividend-Growth Stocks With 7% Yields
These top dividend-growth stocks now offer great yields. The post Don’t Ignore These 2 Dividend-Growth Stocks With 7% Yields appeared first on The Motley Fool Canada.
Simply Wall St.
Top Three Dividend Stocks For July 2024
As global markets navigate through a period of subtle shifts and key economic updates, investors are closely monitoring the landscape for opportunities that align with both growth and stability. In this context, dividend stocks often come into focus as they can offer potential income alongside capital appreciation, making them appealing during times of market uncertainty and economic recalibration.
GOBankingRates
5 Best Index Funds To Own for Life, According To TikToker Humphrey Yang
Financial guru and TikToker Humphrey Yang recently shared in a YouTube video a few index funds you can invest in which will help grow your wealth over time.
Associated Press
Struggling with falling demand for farm equipment, Deere & Co. announces nearly 600 layoffs
Deere & Co. is laying off nearly 600 workers as the farm equipment manufacturer deals with declining demand. Deere confirmed Monday that the production positions being cut are concentrated at two factories in Iowa and one at its home base in Moline, Illinois, where 280 employees will be laid off effective Aug. 30. A combined 310 workers will be let go at the Iowa locations.
The Motley Fool
These Great TSX Dividend Stocks Now Offer Amazing Yields
Top TSX dividend stocks are on sale. The post These Great TSX Dividend Stocks Now Offer Amazing Yields appeared first on The Motley Fool Canada.
Yahoo Finance Canada
Aecon Group stock falls 18%; analyst warns of 'cash flow drag' into 2025
The long-delayed Coastal GasLink project has been subject to repeated cost overruns.
GOBankingRates
I’m a Financial Advisor: Here’s How Often You Should Check Your Retirement Account Balance
The best investor is one who's informed, but obsessing over your retirement fund's performance can stress you out and trigger the kind of emotional and counterproductive decision-making that can...
Bloomberg
Tesla Beats Estimates With Less-Drastic Drop in EV Sales
(Bloomberg) -- Tesla Inc.’s second consecutive drop in quarterly deliveries wasn’t as steep as analysts were predicting, sending the EV maker’s shares soaring as much as 10%.Most Read from BloombergDemocrats Weigh Mid-July Vote to Formally Tap Biden as NomineePowerful Storm Beryl Aims at Jamaica After Grenada StrikeS&P 500 Closes Above 5,500 in Record-Breaking Run: Markets Wrap‘Upflation’ Is the New Retail Trend Driving Up Prices for US ConsumersTrump Immunity Ruling Means Any Trial Before Elect
Associated Press
Roaring Kitty reveals stake in Chewy big enough to make him 3rd largest investor in the pet retailer
Shares of Chewy fell Monday in volatile trading after a regulatory filing revealed that Roaring Kitty, an investor at the center of the meme stock craze, has taken a 6.6% stake in the online pet retailer. Roaring Kitty, whose legal name is Keith Gill, bought more than 9 million shares of Chewy last week, the Securities and Exchange Commission filing shows. Gill tipped his hand last week on his feelings about the company, posting a picture of a dog on social media platform X and sending Chewy's stock up more than 30% in intraday trading.
Reuters
Russia seen hiking rates by 200 bps to 18% in July as inflation quickens
The Russian central bank will hike rates by 200 basis points to 18% later this month as it tries to quell stubbornly high inflation that analysts now expect to end 2024 well above the bank's 4% target, a Reuters poll showed on Tuesday. The economy ministry reported annual consumer inflation at 8.61% as of June 24. Ten of 16 analysts and economists polled by Reuters in late June and early July predicted that the Bank of Russia would raise its key rate to 18% on July 26.
Simply Wall St.
Those who invested in Canadian Imperial Bank of Commerce (TSE:CM) five years ago are up 64%
If you buy and hold a stock for many years, you'd hope to be making a profit. But more than that, you probably want to...
The Canadian Press
S&P/TSX composite rises Tuesday on energy strength, U.S. markets also move higher
TORONTO — Canada's main stock index rose Tuesday near the end of the trading day, erasing earlier losses as energy and base metals helped offset weakness in telecom, while U.S. stock markets also climbed higher.
CNN Business
The short seller that took on Gautam Adani made surprisingly little money
When Hindenburg Research published a report into Gautam Adani’s sprawling business empire in January 2023, accusing Asia’s then richest man of fraud going back decades, the impact was immediate and explosive: about $100 billion was wiped off the value of his companies.
Barrons.com
Why It Could Be a Cruel Summer for the Stock Market
THE TRADER The stock market has been hitting new highs, but most stocks are struggling. Even news that would usually move them isn’t doing the trick, a sign that equities won’t be an exciting place to invest in a while.
Bloomberg
Hindenburg Made Just $4 Million From $153 Billion Adani Rout
(Bloomberg) -- It was one of the most impactful short-seller reports ever: Hindenburg Research’s 2023 broadside against the Adani Group erased as much as $153 billion of market value.Most Read from BloombergDemocrats Weigh Mid-July Vote to Formally Tap Biden as NomineePowerful Hurricane Beryl Aims at Jamaica After Grenada StrikeTrump Immunity Ruling Means Any Trial Before Election Unlikely‘Upflation’ Is the New Retail Trend Driving Up Prices for US ConsumersBonds Get Respite Amid Powell’s Disinf
CNN Business
Investors just got an inflation wakeup call. Will they answer?
Over the past year, investors have been very vocal in their desire for the Federal Reserve to cut interest rates while central bank officials have been vocal about keeping them higher-for-longer.

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Morning News Call - Canada, May 13

Latest Stories

Ballmer Is Richer Than Gates, a First for Microsoft Billionaires

Cathie Wood's Ark Invest has destroyed $14 billion in wealth over the past decade, Morningstar says

Nvidia Stock Breaks Losing Streak. What’s Worrying the Market.

3 AI Stocks That Have Turned $25,000 Into $1 Million in 15 Years

Don’t Ignore These 2 Dividend-Growth Stocks With 7% Yields

Top Three Dividend Stocks For July 2024

5 Best Index Funds To Own for Life, According To TikToker Humphrey Yang

Struggling with falling demand for farm equipment, Deere & Co. announces nearly 600 layoffs

These Great TSX Dividend Stocks Now Offer Amazing Yields

Aecon Group stock falls 18%; analyst warns of 'cash flow drag' into 2025

I’m a Financial Advisor: Here’s How Often You Should Check Your Retirement Account Balance

Tesla Beats Estimates With Less-Drastic Drop in EV Sales

Roaring Kitty reveals stake in Chewy big enough to make him 3rd largest investor in the pet retailer

Russia seen hiking rates by 200 bps to 18% in July as inflation quickens

Those who invested in Canadian Imperial Bank of Commerce (TSE:CM) five years ago are up 64%

S&P/TSX composite rises Tuesday on energy strength, U.S. markets also move higher

The short seller that took on Gautam Adani made surprisingly little money

Why It Could Be a Cruel Summer for the Stock Market

Hindenburg Made Just $4 Million From $153 Billion Adani Rout

Investors just got an inflation wakeup call. Will they answer?