Top News Photos
Top News Photos
Cineworld and Cineplex have been locked in a multimillion-dollar legal battle since the London-listed company rescinded its offer to buy Cineplex more than two years ago. Cineworld has since been struggling to rein in massive debt and this month filed for bankruptcy in the United States. Cineplex is in early talks with Cineworld's lenders about taking over Regal in exchange for debt and stock backed by the combined business, the WSJ reported, citing people familiar with the matter.
(Reuters) -U.S. new vehicle sales are set to rise in September as consumers spent more money on new vehicles than any previous September on record, an industry report from consultants J.D. Power-LMC Automotive showed on Wednesday. "Transaction prices still rose and consumers spent more money on new vehicles this month," said Thomas King, president of the data and analytics division at J.D. Power, adding auto sales are yet to see an impact from the ongoing monetary policy tightening by the U.S. Federal Reserve to curb inflation. Retail sales of new vehicles this month are expected to reach 958,948 units, a 5.4% increase from September 2021.
The financial turmoil emanating from Britain and Japan is not yet enough to prompt the U.S. Treasury to intervene to buoy the battered pound or yen, with officials expressing no urgency to act, a stance foreign exchange market experts say is likely to hold unless much wider market disruptions develop. The Treasury so far has voiced little concern that market volatility will meet that threshold, with the damage largely limited to pound- and yen-denominated assets, which in the United Kingdom's case prompted the Bank of England on Wednesday to buy long-dated UK debt. Federal Reserve officials also appear nonplussed at this time, with Cleveland Fed President Loretta Mester on Thursday saying she sees nothing in U.S. market functioning that would derail the U.S. central bank's efforts to contain inflation through stiff interest rate increases.
Rising mortgage rates are increasingly weighing on the interest-rate-sensitive housing sector as the Federal Reserve pushes on with aggressively lifting borrowing costs to curb high inflation. Fed policymakers raised the central bank's benchmark overnight interest rate by three-quarters of a percentage point last week, the third straight hike of that size, and acknowledged "pain" ahead for the economy as they seek to cool demand. Fed Chair Jerome Powell also explicitly called out the housing market and said it would probably go through a "correction" after a period of "red hot" price increases.
Investors added another cycle of selling on Thursday as the dollar barely eased its stranglehold on currency markets, recession fears sapped stocks and bonds suffered more interest rate pain. After a partial rebound on Wednesday, U.S. stocks fell sharply. The STOXX 600 share index was down 1.67%, even as the euro and the pound, hammered over the last week by UK debt concerns, recovered some ground, gaining 0.6% and 1.7%, respectively.
TOKYO (AP) — Armed with a new law that boosts U.S. support for computer chip manufacturing, Vice President Kamala Harris said the administration was looking for new investments and partnerships as she sat down with Japanese technology executives on Wednesday. The morning meeting on her last full day in Tokyo reflects the administration’s focus on boosting semiconductor manufacturing and expanding the supply chain for critical materials. The economy's vulnerability to disruptions in the flow of c
Gaming companies are facing a slowdown in demand for video games from pandemic highs. The near-term prospects for Stadia also looked dim as high inflation has caused some consumers to reduce their spending on entertainment. "While Stadia's approach to streaming games for consumers was built on a strong technology foundation, it hasn't gained the traction with users that we expected," Phil Harrison, vice president and general manager of Stadia, said in a blog post.
Even though TFSA’s contribution room lags far behind the RRSP, you can create a million-dollar portfolio in your TFSA with the right stocks. The post TFSA Investors: 2 Millionaire-Maker Stocks to Buy at a Discount appeared first on The Motley Fool Canada.
It is with great pride that Mondou, the Quebec family-run business, is launching the 8th edition of its Mondou Mondon campaign for the MIRA Foundation! This major fundraising campaign, which has become a yearly tradition, will run until November 13 in the 80 Mondou stores across Quebec and online at Mondou.com.
Economists are debating whether Canada is heading towards a wage-price spiral as an increasing number of workers demand higher pay in the face of sky-high inflation.
Fire & Flower Holdings Corp. ("Fire & Flower" or the "Company") (TSX: FAF) (OTCQX: FFLWF), a leading cannabis consumer retail and technology platform announced today that in collaboration with its strategic partner, Alimentation Couche-Tard Inc. ("ACT"), that Spark Perks™ members can now experience a new fast and convenient way of shopping for cannabis in the Greater Toronto Area through Circle K's new co-located store in the Brampton market.
E-commerce is expected to grow by 15% in 2022, with Amazon representing a large portion of sales. Learn how to start selling online and get your piece of the action
Even if you just allocate a decent fraction of your capital to them, some portfolio boosters give your portfolio a significant boost. The post 3 Portfolio Boosters to Hold for at Least 1 Decade appeared first on The Motley Fool Canada.
Dollarama is among the top growth stocks to buy for their stellar track records of shareholder value creation and operational excellence. The post Dollarama Stock Plus 2 Other Growth Stocks for Long-Term Wealth Creation appeared first on The Motley Fool Canada.
Sterling rose sharply in volatile trading on Thursday, rallying from record lows hit on Monday, after the Bank of England conducted a second day of bond buying to stabilize financial markets. After hitting an all-time trough of $1.0327 three days ago, sterling has rallied more than 7% against the dollar. The recovery in the British currency was due in part to the BoE's action.
JetBlue Chief Executive Robin Hayes staunchly defended his company's alliance with larger rival American Airlines on Wednesday, denying the U.S. government's allegations that the agreement would defang the low-cost carrier. The U.S. Justice Department, six states and the District of Columbia are urging a federal judge in Boston to force the two carriers to scrap their Northeast Alliance (NEA), calling it a "de facto merger" of their Boston and New York operations in which they coordinate flights and pool revenue to the detriment of travelers, who face $700 million in extra annual costs. Hayes said that JetBlue did not consult with American on pricing in the northeast or anywhere else, and did not pull its punches in competing with American.
Global IT research and advisory firm Info-Tech Research Group has announced a significant change in its executive leadership. Founder Joel McLean is passing the role of Chief Executive Officer to David Godfrey, who has until recently served as the firm's Chief Revenue Officer. McLean will remain Chairman of the firm while Alain Rivard assumes the Chief Revenue Officer position.
These three dividend stocks have safe and reliable businesses and, after selling off in recent weeks, now offer incredible yields. The post 3 Safe Dividend Stocks to Buy With Yields Above 5% appeared first on The Motley Fool Canada.
TOKYO (AP) — Before Stephen Curry makes a single 3-pointer, before Rui Hachimura gets his first ovation from Japanese fans who came to cheer one of their own, the NBA Japan Games are already a huge win in one regard. The money. Big money is riding on — and getting spent on — the NBA’s most recent foray into Japan, which has the reigning champion Golden State Warriors and Washington Wizards set to play a pair of preseason games there on Friday and Sunday. Every seat inside Saitama Super Arena has
Growth stocks like WELL Health Technologies (TSX:WELL) are thriving, despite the recession. The post These Tech Stocks Are Growing up to 138% Despite the Recession appeared first on The Motley Fool Canada.