Yahoo Finance Canada presents CRISIS MANAGEMENT, a livestream show on the Canadian economy that builds a crisis playbook during COVID-19 times and beyond.
NEW YORK (AP) — Pay packages for the women who run S&P 500 companies jumped in 2021 as the economy recovered and stock prices and profits soared. Median pay for the women occupying the corner office rose to nearly $16 million, according to the annual survey done by Equilar for The Associated Press. Still, experts say there’s much more to be done to improve gender diversity in the corporate ranks and close the pay gap between men and women. Jane Stevenson, vice chair, Board & CEO Services at orga
TOKYO (AP) — Japan will open its borders to foreign tourists in June for the first time since imposing tight pandemic travel restrictions about two years ago, but only for package tours for now, the prime minister said Thursday. Beginning June 10, Japan will allow the entry of people on tours with fixed schedules and guides, Prime Minister Fumio Kishida said. Tourists from areas with low COVID-19 infection rates who have received three vaccine doses will be exempt from testing and quarantine aft
Earnings from retailers this week illustrated a split in shopping patterns of more- and less-affluent Americans dealing with the highest inflation in four decades. As high inflation has lifted prices of everything from TVs to toothpaste, lower-income consumers have curbed their spending habits, according to stores that cater to them. Higher-income shoppers have shown resiliency, snapping up tailored suits, designer gowns and footwear, according to the department stores that cater to them.
Telus did not immediately respond to a request for comment regarding the withdrawal of the proposal. On Thursday, trading in Appen's shares was halted after they surged more than 29% to A$8.27, below the indicative offer price of A$9.50 a share, as investors positioned themselves for an eventual buyout — including from another company — while allowing for the possibility the talks could fall through. "Appen engaged with Telus in good faith...to better understand the conditions of the proposal and to agree an appropriate confidentiality and standstill agreement," the Australian firm said in its latest statement.
New orders for U.S.-made capital goods increased less than expected in April, suggesting businesses could be slowing their pace of spending on equipment as they confront growing headwinds from rising interest rates and tightening financial conditions. The Federal Reserve has adopted an aggressive monetary policy stance to cool demand and tame inflation, sparking a stock market sell-off and boosting U.S. Treasury yields and the dollar. "Rate-sensitive business equipment investment growth is beginning to slow," said Michael Pearce, a senior U.S. economist at Capital Economics in New York.
Bank of Montreal is about to get a lot bigger. Should you buy the stock? The post Bank of Montreal (TSX:BMO) Raises Dividend: Is the Stock a Buy? appeared first on The Motley Fool Canada.
The Institute of International Finance slashed its 2022 growth outlook for global output in half, citing the economic effects of Russia's invasion of Ukraine, China's response to a COVID-19 wave and tighter monetary policy in the United States. The IIF also expects capital flows to emerging markets to shrink by 42% from last year.
These TSX stocks are industry leaders with great dividends that should continue to grow. The post TFSA Passive Income: 2 Top TSX Dividend Stocks With 6% Yields appeared first on The Motley Fool Canada.
The dollar's rally to two-decade highs appears to have stalled, with doubts growing on whether the U.S. economy will prove as resilient and monetary policy as aggressive as previously expected. After climbing 10% in three months, the greenback has slipped 3% since May 13. Others say that if the Federal Reserve were to tighten monetary policy significantly it would risk propelling the U.S. economy into recession.
WASHINGTON (AP) — The Supreme Court on Thursday allowed the Biden administration to use a higher estimate, challenged by Republican-led states, for calculating damages to people and the environment from greenhouse gas emissions. The justices did not comment in refusing to put back in place an order from a federal judge in Louisiana that had blocked the administration from putting greater emphasis on potential damage from greenhouse gas emissions when creating rules for polluting industries. The
On Monday, Starbucks Corp said it was pulling out of Russia and McDonald's trademark "Golden Arches" were lowered near Moscow, following the sale of its burger chain to a licensee. Nike said on March 3 it would temporarily suspend operations at all its Nike-owned and -operated stores in Russia in response to Moscow's actions in Ukraine and has said that those still open are operated by independent partners. Inventive Retail Group (IRG), which operates 37 Nike-branded stores in Russia through its subsidiary Up And Run, said there had been a shortage of goods since Nike halted shipments.
The Canadian dollar edged higher against its U.S. counterpart on Wednesday, recovering from its lowest level in nearly a week, as equity markets rallied after the U.S. Federal Reserve released minutes of its latest policy meeting. "The bulk of the Canadian dollar rally has come from the equity market reaction post-FOMC minutes," said Erik Bregar, director, FX & precious metals risk management at Silver Gold Bull. Wall Street rose after the Fed minutes showed policymakers were unanimous in their sentiment that the U.S. economy was very strong as they grappled with how to rein in inflation without triggering a recession.
CALGARY — AltaGas Ltd. says it has signed a deal to sell its Alaskan utilities business to TriSummit Utilities Inc. for $1.025 billion. The sale includes Enstar Natural Gas, a gas distribution company in Alaska with about 150,000 customers; the Alaska Pipeline Co., which operates transmission and distribution pipelines for Enstar; the company's 65 per cent indirect interest in Cook Inlet Natural Gas Storage Alaska; and other ancillary operations. AltaGas says once the deal is complete, its remai
Cerro de Pasco Resources Inc. (CSE:CDPR) (Frankfurt: N8HP) ("CDPR", or the "Corporation") announces that it will carry out a sonic drilling campaign on its Quiulacocha Tailings in Cerro de Pasco, Peru, in the third quarter of 2022.
Tenaz Energy Corp. ("Tenaz", "we", "our", "us" or the "Company") (TNZ: TSX) is pleased to announce it has reached an agreement to acquire all of the issued and to be issued share capital of SDX Energy PLC ("SDX") in an all-share transaction (the "Transaction"). In the Transaction, SDX shareholders will receive 0.075 common shares of Tenaz ("Tenaz Shares") for each SDX share ("SDX Share") held, valuing SDX at $34.3mm based on the May 24, 2022 closing price of Tenaz Shares, representing a 28% prem
Whether the current market slump will herald another recession is too soon to tell, but you can still take advantage of the market-wide discount. The post Global Recession 2022: Hype or Reality? appeared first on The Motley Fool Canada.
A U.S. activist investor says its plan for the Calgary-based oil sands producer can 'unlock' $30 billion in value for shareholders. But the clash has somewhat faded in recent weeks.
Private equity firm Silver Lake has spent years cultivating and backing chief executives enamored with big deals, a strategy that pays off handsomely when large acquisitions such as the deal between chipmaker Broadcom Inc and cloud computing company VMware Inc come along. Earlier on Thursday, Broadcom said it will acquire VMware for $61 billion, the second-biggest acquisition globally so far this year. Silver Lake, whose assets under management are close to $90 billion, was deeply involved in the negotiations to combine the two companies, according to people familiar with the matter.
These tech stocks have corrected quite a lot, despite the strength in their business, making them attractive long-term bets. The post 3 Tech Stocks Trading for a Significant Discount appeared first on The Motley Fool Canada.
TotalEnergies said on Wednesday it has agreed to buy 50% of Clearway Energy Group, the fifth-largest renewables company in the United States, marking the French group's largest U.S renewables energy acquisition. TotalEnergies has been branching out into the fast-growing renewables energy sector and diversifying away from hydrocarbon-centred activities in recent years. The company said the acquisition would see it team up with Global Infrastructure Partners (GIP).
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