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  • Why First Majestic Silver Stock Popped 12% Today

    Solid Q4 production numbers, stellar outlook guidance, and surging silver prices are helping First Majestic Silver stock rally today. The post Why First Majestic Silver Stock Popped 12% Today appeared first on The Motley Fool Canada.

  • Wall Street drops as bargain-hunting loses steam

    Wall Street's main indexes ended sharply lower on Thursday and a rally in U.S. stocks evaporated late in the session as investors considered whether equities were bargains after a sell-off to start the year that has seen the Nasdaq fall into correction territory. The Nasdaq on Wednesday closed more that 10% below its November all-time high, confirming it was in a correction. “There seems to be a whole lack of conviction," said Randy Frederick, vice president of trading and derivatives for Charles Schwab.

  • TFSA Investors: How to Easily Earn $375 a Month This Year

    The Tax-Free Savings Account is a great way to collect passive income without paying tax. Here's one way to earn $370 every month! The post TFSA Investors: How to Easily Earn $375 a Month This Year appeared first on The Motley Fool Canada.

  • Biden predicts Russia will invade Ukraine, warns Putin

    WASHINGTON (AP) — President Joe Biden said Wednesday he thinks Russia will invade Ukraine and warned President Vladimir Putin that his country would pay a “dear price” in lives lost and a possible cutoff from the global banking system if it does. Biden, speaking at a news conference to mark his one-year anniversary in office, also said a “minor incursion” by Russia would elicit a lesser response. He later sought to clarify that he was referring to a non-military action, such as a cyberattack, th

  • Kinder Morgan profit tops expectations on higher gasoline, jet fuel volumes

    Global jet fuel demand, however, has again come under pressure with some countries reimposing border restrictions and other curbs to keep the Omicron coronavirus variant at bay, prompting travelers to reconsider their plans. "We saw a little bit more downside momentum on jet fuel due to omicron variant, but combined, we didn't really see a meaningful impact as we exited the year," senior executive Dax Sanders said in the earnings call. Kinder Morgan reported a 48% jump in jet fuel volumes and 7% jump in gasoline, following a year of coronavirus-driven decline.

  • Australia says no to 16-year-old forklift drivers as remedy to COVID supply chain pain

    Australia has ruled out letting teenagers as young as 16 drive forklift trucks to tackle a shortage of workers in coronavirus-hit supply chains, as it scrambles to scoop up millions of home testing kits needed to keep businesses functioning. A sudden surge in coronavirus cases in recent weeks has seen hundreds of thousands of workers benched by illness or the need to isolate, leading states to quickly lower the isolation requirement to seven days. Prime Minister Scott Morrison had floated a proposal to lower the minimum age of forklift drivers from 18 to 16, seeking solutions for a shortage of workers now hobbling the economy.

  • How to crush your holiday debt

    The holidays have left without a trace. Well, almost. Long after the decorations have come down, you still have debt hanging around. Don’t let it put a damper on your year. Here’s what you can do to take control of your holiday debt. REVIEW WHAT YOU OWE First, gather a few important details about your debt. Make a list of your accounts for each type of debt you have. Perhaps you spread holiday purchases across a couple of different credit cards and a “buy now, pay later” loan, for example. For e

  • Food manufacturers cut capacity amid labour shortages and supply chain disruptions

    Canada's food manufacturers are cutting capacity and focusing on key products as they confront labour shortages and supply chain bottlenecks that show no signs of easing. Shipping backlogs, delays in obtaining packaging and ingredients and high worker absenteeism due to COVID-19 isolation protocolsare interfering with the availability of certain products, experts say. The situation has prompted some food suppliers to inform grocers about the steps they're taking to fulfil orders, including findi

  • December marks 3rd straight month of growth for US builders

    SILVER SPRING, Md. (AP) — Construction of new homes in the U.S. rose for the third consecutive month in December and data released Wednesday suggests that the frantic pace of building will continue this year. The December increase puts home construction at a seasonally adjusted annual rate of 1.7 million units, the Commerce Department reported Wednesday. In all of 2021, nearly 1.6 million housing units were started a 15.6% increase over 2020. The December housing data was boosted by multi-unit p

  • Sony seeks new partners for transformative EV project -executive

    TOKYO (Reuters) -Sony Group will likely add new technology partners to its electric vehicle (EV) project to help it forge a mobility business to transform cars from transportation machines to entertainment spaces, a Sony executive told Reuters. An ongoing shift to electric cars, which are easier to build than those with internal combustion engines, is allowing new entrants into vehicle manufacturing. At the same time, autonomous driving and 5G connectivity is expected remold the auto industry by turning cars into mobile platforms for information and entertainment services.

  • Canadian inflation hits 30-year high, boosting chance of early rate hike

    OTTAWA (Reuters) -Canada's annual inflation rate accelerated in December to hit a 30-year high, data showed on Wednesday, bolstering expectations the central bank could hike interest rates as soon as next week. Inflation rose to 4.8%, in line with analyst expectations and the highest print since it reached 5.5% in September 1991, Statistics Canada said. It was the ninth consecutive month in which headline inflation topped the Bank of Canada's 1% to 3% control range.

  • The 3 Best ETFs for 2022 I’ll Buy Again and Again

    These three ETFs are solid choices for those seeking long-term income that will last far beyond 2022 but are strong purchases at today's prices. The post The 3 Best ETFs for 2022 I’ll Buy Again and Again appeared first on The Motley Fool Canada.

  • Fed may run fast on long road to normal balance sheet

    As part of its battle against inflation and a return to more normal monetary policy, the U.S. Federal Reserve is approaching a decision to reduce its balance sheet, https://graphics.reuters.com/USA-FED/BALANCESHEET/byprjmwezpe/index.html which has roughly doubled in size during the pandemic to nearly $9 trillion. It's a huge stockpile that has been helping hold down longer-term interest rates - including the mortgage rates households worry about when they buy a home - and which influences a wide range of asset and other prices in the economy. It has been a long journey to a balance sheet that big, and it will be a long trip back to whatever level of assets the Fed decides is "normal" for it to hold.

  • Evergrande creditors raise threat of action over default

    A key group of China Evergrande's international creditors said on Thursday they were ready to take "all necessary actions" to defend their rights if the property developer did not show more urgency to resolve a default. Evergrande is the world's most indebted property company, with more than $300 billion in total liabilities, which include nearly $20 billion of international bonds all deemed to be in default after a run of missed payments late last year. The creditor group, represented by law firm Kirkland & Ellis and investment bank Moelis, said in a statement it had to "seriously consider" enforcement action after a lack of engagement by the firm at the heart of China's property crisis.

  • Australia says no to 16-year-old forklift drivers as remedy to COVID supply chain pain

    Australia has ruled out letting teenagers as young as 16 drive forklift trucks to tackle a shortage of workers in coronavirus-hit supply chains, as it scrambles to scoop up millions of home testing kits needed to keep businesses functioning. A sudden surge in coronavirus cases in recent weeks has seen hundreds of thousands of workers benched by illness or the need to isolate, leading states to quickly lower the isolation requirement to seven days. Prime Minister Scott Morrison had floated a proposal to lower the minimum age of forklift drivers from 18 to 16, seeking solutions for a shortage of workers now hobbling the economy.

  • Nasdaq futures weaken after disappointing Netflix forecast

    Futures tracking the Nasdaq 100 index slipped on Friday after a weak forecast from Netflix sent its shares along with other streaming companies spiraling lower, with Wall Street's main indexes headed for another week of losses. Netflix Inc plunged 19.6% in premarket trading after the streaming giant fell short of market forecasts for new subscribers at the end of last year and offered a downbeat outlook for early 2022. Shares of technology and media companies including Walt Disney Co, ViacomCBS and Roku that have invested heavily in streaming also fell between 1.7% and 5.4%.

  • How to crush your holiday debt

    The holidays have left without a trace. Well, almost. Long after the decorations have come down, you still have debt hanging around. Don’t let it put a damper on your year. Here’s what you can do to take control of your holiday debt. REVIEW WHAT YOU OWE First, gather a few important details about your debt. Make a list of your accounts for each type of debt you have. Perhaps you spread holiday purchases across a couple of different credit cards and a “buy now, pay later” loan, for example. For e

  • PopReach Announces Voting Results from its Annual General Meeting of Shareholders

    PopReach Corporation ("PopReach" or the "Company") (TSXV: POPR) (OTCQX: POPRF) announced today the results of voting at its annual general meeting of shareholders held on January 19, 2022 (the "Meeting") in Toronto, Ontario.

  • Banks loan growth focus could impact U.S. Treasuries - Credit Suisse

    U.S. banks' appetite for U.S Treasuries could slow down as they shift their focus to loan growth, at the same time that the Federal Reserve plans to shrink asset holdings and raise interest rates to fight inflation, said Credit Suisse analyst Zoltan Pozsar. Asset purchases by the Fed contributed to unprecedented liquidity and trading activity through the pandemic, but trading revenue at leading Wall Street banks fell in the fourth quarter as markets normalized and the U.S. central bank started scaling back its asset purchases, which resulted in lower trading volumes. Bank of America on Wednesday reported a better-than-expected 30% jump in quarterly profit, partly driven by $50 billion in record loan growth.

  • Hexo unveils expected savings from strategic plan, facility reconfiguration

    GATINEAU, Que. — Hexo Corp. says it expects its new strategic plan to reduce selling, general and administrative expenses by about 30 per cent by the end of fiscal 2023. The Gatineau, Que.-based cannabis company says its plan, which was unveiled last month after its debts mounted and founder left the businesses, will deliver about $175 million in cash over the next two fiscal years. The company says the plan will generate incremental cash flow of about $37.5 million in fiscal 2022 and an additio