Chimezie Metu (Sacramento Kings) with a dunk vs the Memphis Grizzlies, 11/28/2021
RENO, Nev. (AP) — The U.S. government plans to capture more wild horses on federal lands this year than ever before, drawing sharp criticism from mustang advocates who hoped the Biden administration would curtail widespread gathers of thousands of horses annually across the American West. Bureau of Land Management Director Tracy Stone-Manning, known as an ally of conservationists on several public land fronts when she was appointed in the fall, says the agency plans to permanently remove at leas
Stocks fell on Thursday and U.S. short-term government bond yields rocketed to their highest in 23-months after the Federal Reserve stuck to plans for an interest rate increase in March and more policy tightening to curb high inflation. In its latest policy update on Wednesday, the Fed indicated it was likely to raise U.S. interest rates in March, as has been widely expected, and reaffirmed plans to end its bond purchases that month before launching a significant reduction in its asset holdings. But in a follow-up news conference, Chair Jerome Powell warned that inflation remained above the Fed's long-run goal and supply chain issues may be more persistent than previously thought.
Oil traded at a seven-year high of about $90 a barrel on Thursday as the Ukraine crisis supported prices despite signs that the U.S. Federal Reserve will tighten monetary policy. Brent crude futures were up 6 cents, or 0.1%, at $90.02 a barrel by 11113 GMT. U.S. West Texas Intermediate (WTI) crude futures were down 2 cents at $87.33.
FRANKFURT, Germany (AP) — Deutsche Bank said Thursday it reaped its best annual profit in a decade in 2021 and had put most of the costs of its wrenching, years-long restructuring behind it. The bank underlined its recovery by announcing a dividend for 2021 and a 300 million-euro ($338 million) share buyback to return money to shareholders. CEO Christian Sewing said Thursday the bank had created “positive momentum” in a “negative environment” during the pandemic and that “the downward spiral tur
TORONTO — The Canadian Bankers Association has named Anthony Ostler as its new president and chief executive. He will step into the role at the end of February, replacing Neil Parmenter who resigned on Dec. 23, 2021. The banking industry lobby group says Ostler most recently worked as head of stakeholder engagement in global marketing at State Street in Boston. Prior to working at State Street, Ostler held roles at Manulife, Canaccord and RBC according to his LinkedIn profile. The Canadian Banke
NexGen Energy Ltd. ("NexGen" or the "Company") (TSX: NXE) (NYSE: NXE) (ASX: NXG) is pleased to announce radioactivity results and the completion of the 2021 field programs that focused on exploration and a detailed geotechnical site confirmation program at the Arrow Deposit ("Arrow" or the "Project") at the 100% owned, Rook I property, in the Athabasca Basin, Saskatchewan.
(Reuters) -Abbott Laboratories on Wednesday beat quarterly profit and sales estimates, aided by robust sales of COVID-19 test kits and strong demand for its diagnostics products, but forecast lower-than-expected COVID-19 testing sales in 2022 due to uncertainties around the future of the pandemic. Abbott said it expects $2.5 billion in sales of COVID-19 test kits in the early part of this year. The company will update its test kit estimates on a quarterly basis.
DENVER (AP) — The sight can be jarring during extreme drought: snowmaking guns lined up on a mountainside, blasting precious crystal flakes on a ski run while the rest of the land goes thirsty. Snowpack in the U.S. West has decreased by about 20% in the last century, making man-made snow more vital each year to opening ski resorts and fueling ski town economies as they head into an uncertain future. As the effects of drought and climate change increasingly hit home, the ski industry has invested
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
ATHENS, Greece (AP) — Army and municipal crews removed hundreds of vehicles Wednesday that had been stranded in snow for three days along a road linking Athens to the capital’s international airport, as authorities struggled to clear blocked thoroughfares and restore power to blacked out parts of the city. Heavy snowfall has caused major disruptions in Greece and neighboring Turkey, halting flights, blocking highways, and causing power outages. Snow blanketed Athens and much of the country on Mo
LONDON (Reuters) -Britain's easyJet said the easing of travel restrictions had spurred demand for summer beach destinations such as Greece, Turkey and Spain, giving the airline cause for optimism after the shadow of Omicron lifts. Its chief executive Johan Lundgren said bookings jumped in Britain when restrictions were reduced earlier this month and were boosted again when the government said testing requirements would end in February. He said easyJet had seen similar trends across Europe, notably in France and Switzerland.
FRANKFURT (Reuters) -Deutsche Bank delivered its most profitable year in a decade on the back of a dealmaking bonanza, strengthening Chief Executive Christian Sewing's hand as he fine tunes a new strategy and targets for the years ahead in March. Analysts had forecast a fourth quarter loss and shares in Germany's largest bank rose by nearly 5% after the surprise finale to 2021, which marked the second straight annual profit following years of losses. Deutsche had to pay up to keep its traders and dealmakers on board, however, with compensation at its investment bank soaring 30% in the final quarter.
Canada's main stock index edged higher on Tuesday, bouncing back from a steep sell-off earlier in the day, as resource shares benefited from geopolitical tensions boosting oil and gold prices. The Toronto Stock Exchange's S&P/TSX composite index ended up 19.68 points, or 0.1%, at 20,590.98, after declining in the five previous trading days. The index closed 2.3% above its session low, but sentiment remained fragile amid fears that Russia will invade Ukraine and ahead of interest rate announcements on Wednesday by the Bank of Canada and the Federal Reserve.
British car production last year fell to its lowest since 1956, largely due to a global shortage of semiconductor chips that caused automakers to slow or shutter plants while waiting for parts, an industry group said on Thursday. The Society of Motor Manufacturers and Traders (SMMT) said production fell 6.7% from 2020 to 859,575 vehicles and was 34% below the pre-pandemic year 2019. "Overall, this was a deeply depressing year," SMMT chief executive Mike Hawes told reporters.
COMACHUEN, Mexico (AP) — In Comachuen, a Purepecha Indigenous community of about 10,000 inhabitants nestled high in the pine-clad mountains of the western state of Michoacan, the whole town survives because of the money sent home by migrants working in the United States. That money, known as remittances, kept families fed after local woodworking sales dropped off a decade ago when pine lumber started to become scarce. The money has allowed their families to remain in Comachuen rather than moving
The stock market downturn has reiterated the need to have an all-seasons portfolio. With some risk, you can balance your returns. The post Top 3 Stocks to Build an All-Season Portfolio for Medium-Risk Investors appeared first on The Motley Fool Canada.
Activist hedge fund Macellum Advisors, which wants Kohl's Corp to consider putting itself up for sale, is now pressing the U.S. retailer for at least one board seat and a public statement that the company is reviewing strategic alternatives, according to a letter reviewed by Reuters. Macellum, which owns roughly 5% of Kohl's stock, sent the letter hours after Acacia Research Corp, backed by activist investor Starboard Value, on Monday confirmed an offer to buy the company for $64 a share, valuing Kohl's at roughly $9 billion. In addition to Acacia's bid, Sycamore Partners is also preparing an all-cash offer for Kohl's at $65 per share, sources said on Sunday.
A trucker convoy has left the Regina area and is expected to stop in Winnipeg today before making a final stop in Ottawa later this week. The Regina Police Service estimates about 1,200 trucks went through the city last night. They converged at a truck stop in Balgonie, Sask., after coming from Saskatoon and other western provinces. The convoy was greeted last night by supporters — including Conservative members of Parliament Andrew Scheer and Warren Steinley — and again this morning by others b
Tesla's most important products this year and next will not be cars, CEO Elon Musk said on Wednesday, but software that drives them autonomously and a humanoid robot the company expects to help out in the factory. Tesla and other auto technology companies have missed their targets for self-driving software for years. "I love the fact that they're pushing the envelope, but I think they are too aggressive," said Roth Capital Partners analyst Craig Irwin.
Robinhood Markets Inc became a household name ahead of its stellar IPO last year, when retail investors used its trading app to drive shares of GameStop and other "meme stocks" into the stratosphere, but name recognition has not helped its share price lately. “The market is not being very patient with them,” said Greg Martin, co-founder and managing director at Rainmaker Securities, a brokerage specializing in private company deals. Waning investor interest in retail trading has weighed on shares of the commission-free online brokerage, which saw explosive growth at the beginning of 2021 as retail investors gobbled up viral stocks https://www.reuters.com/article/us-retail-trading-robinhood-anger/robinhood-is-new-eye-of-gamestop-storm-as-outrage-grows-idUSKBN29X33D including GameStop and AMC Entertainment.
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