Sunny and warm conditions continue through the next week.
PARIS (Reuters) -The world's largest luxury goods conglomerate LVMH sees soaring demand for its fashion, handbags and jewellery continuing in 2022 after shoppers snapped up high-end wares over the holiday season. LVMH, which owns brands spanning Hennessy cognac to cosmetics retailer Sephora, said on Thursday fourth-quarter sales growth accelerated, reaching 20.04 billion euros ($22.34 billion) overall, with growth led by the French group's biggest earners Louis Vuitton and Dior. The luxury labels propelled a 28% rise in sales of LVMH's largest division, fashion and leather goods, on a like-for-like basis, beating analyst expectations for 16% growth.
There are a lot of cheap Canadian stocks out there, but a huge turnaround is likely for these three in 2022 and beyond for long-term investors. The post 3 Cheap Canadian Stocks Bound for Massive Growth in 2022 appeared first on The Motley Fool Canada.
These top dividend stocks look attractive right now for RRSP investors. The post RRSP Growth: 2 Top TSX Dividend Stocks to Own for Decades appeared first on The Motley Fool Canada.
Here's why Parex Resources (TSX:PXT) could be one of the value stocks investors may be remiss to ignore in this current environment. The post 3 Top Canadian Value Stocks to Add to Heavily Right Now appeared first on The Motley Fool Canada.
TORONTO — Canada's main stock index gave up early gains but still posted a small increase as crude oil prices hit a more than seven-year high and the central bank kept its key interest rate in check. The Bank of Canada kept its key interest rate at 0.25 per cent, but warned higher interest rates are coming to help trim inflation from its hottest pace in three decades. Despite robust growth in the U.S. economy, an uneven global recovery, supply constraints, inflationary pressures, geopolitical te
Here’s why I expect Shopify stock to see a big turnaround in the near term. The post Shopify Stock Selloff: Could it Turn Around in February? appeared first on The Motley Fool Canada.
WASHINGTON (AP) — The Federal Reserve signaled Wednesday that it will begin a series of interest-rate hikes in March, reversing pandemic-era policies that have fueled hiring and growth — and stock market gains — but also stubbornly high inflation. Chair Jerome Powell said at a news conference that inflation has gotten “slightly worse” since the Fed last met in December. He said raising the Fed’s benchmark rate, which has been pegged at zero since March 2020, will help prevent high prices from be
Canada will send a high-powered group of cross-country skiers and biathletes to the start line in Beijing with a focus on contributing to the nation's medal count at the 2022 Paralympic Winter Games, the Canadian Paralympic Committee and Nordiq Canada announced on Wednesday.
The Bank of Canada will soon starting hiking interest rates from record lows to combat inflation, Governor Tiff Macklem announced on Wednesday, saying the economy no longer needed help to deal with the effects of the COVID-19 pandemic. But others saw no harm in waiting five more weeks to move, saying it would have been worse to raise rates without first removing the commitment to keep them at record lows until slack was absorbed.
A bipartisan group of U.S. lawmakers has asked the Treasury Department for "clarity to the digital asset ecosystem" after new related reporting requirements were included in last year's $1 trillion infrastructure law, Punchbowl News said on Thursday. In a letter dated Wednesday, the group told Treasury Secretary Janet Yellen that part of the bill was "ambiguous" because Treasury could interpret who within the digital asset ecosystem qualifies as a "broker" beyond what Congress intended, and urged against "a potentially expansive reading of the 'broker' definition."
TOKYO (Reuters) -Nidec Corp, a Japanese maker of electric motors, on Wednesday said third-quarter operating profit dipped as rising material prices and a shortage of semiconductors squeezed margins. "Delays in negotiations to increase product prices were a reason for the profit drop," Chairman and founder Shigenobu Nagamori said at a briefing. Both executives said they continued to work closely together, dismissing recent media reports that the company founder regretted hiring the former Nissan Motor Co executive in 2020 to succeed him.
The Honda Pilot has long been a favorite for three-row SUV shoppers, offering multi-passenger safety, comfort, cargo and convenience, all while remaining affordable and fuel-efficient. But the current-generation Pilot is getting on in years, having debuted for the 2016 model year, and that’s left the door open for some competitors. Among them is the 2022 Nissan Pathfinder. Redesigned from the ground up, the Pathfinder is going for a more premium image outside and in. So which SUV is the better b
TORONTO — International technology conference Collision says it will return to hosting an in-person event this year in Toronto. Organizers sent out emails today advertising early-bird tickets to a "live, physical" Collision they say will be held in the city between June 20 and 23. It marks a return for Collision to the in-person format organizers cancelled in 2020, when the COVID-19 pandemic struck and the conference moved online. Collision, which jumps to a new city every few years, was due to
The Bank of Canada has decided not to raise interest rates. Tourmaline Oil (TSX:TOU) could be a hedge. The post Alert: Bank of Canada Didn’t Raised Interest Rates! appeared first on The Motley Fool Canada.
WASHINGTON (Reuters) -The Federal Reserve on Wednesday said it is likely to hike interest rates in March and reaffirmed plans to end its bond purchases that month in what U.S. central bank chief Jerome Powell pledged will be a sustained battle to tame inflation. "The committee is of a mind to raise the federal funds rate at the March meeting assuming that the conditions are appropriate for doing so," Powell said in a news conference, pinning down a policy statement from the central bank's Federal Open Market Committee that only said rates would rise "soon." Subsequent interest rate increases and an eventual reduction in the Fed's asset holdings would follow as needed, Powell said, while officials monitor how quickly inflation falls from current multi-decade highs back to the central bank's 2% target.
These two top TSX stocks look attractive to buy for a TFSA today. The post TFSA Pension: 2 Top Stocks to Buy in a Self-Directed Retirement Fund appeared first on The Motley Fool Canada.
You can get taxed by surprise by holding un-approved stocks in a TFSA, so make sure you hold approved assets, like Fortis Inc. The post Don’t Get Taxed by Surprise: The TFSA’s Dirty Little Secret appeared first on The Motley Fool Canada.
Lilly Canada is pleased to announce that Health Canada has authorized Verzenio® (abemaciclib) (tablets), in combination with endocrine therapy, for the adjuvant treatment of adult patients with hormone receptor (HR)-positive, human epidermal growth factor receptor 2 (HER2)-negative, node-positive, early breast cancer at high risk of disease recurrence based on clinicopathological features and a Ki-67 score ≥20%. Ki-67 is a marker of cellular proliferation. Verzenio is the first and only CDK4/6 i
But, as has been the case most of the week, gains were pared as investors processed how strong economic growth might inform the Fed's thinking. Chairman Jerome Powell indicated at a Wednesday news conference that inflation remained higher than the central bank would like and supply chain issues could persist. However, the prospect of faster or larger U.S. interest rate hikes helped push the dollar to its highest levels since July 2020.
(Reuters) -Commission-free brokerage Robinhood Markets Inc on Thursday posted a $423 million net loss in the latest quarter, and its shares tumbled as much as 15% in after-hours trade even as revenue edged past analysts' estimates. Robinhood reported a net loss of $423 million or $0.49 per share in the three months ended December. Shares of Robinhood sank as much as 15% to $9.98 in extended trading following results.
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