Britain's economy grew stronger than expected in November before the Omicron variant struck, bouncing back for the first time above pre-pandemic levels.
Shares of Bed Bath & Beyond Inc jumped 39.0% on Monday as retail investors flocked to the highly shorted stock of the home goods maker, likely piling pressure on those with bearish bets on it. "We do believe there is currently a short squeeze playing out in BBBY," said Evan Niu, analyst at Ortex, adding that 45% of the firm's free float was shorted. The rush of demand from short sellers looking to exit bets pushes rising stock prices even higher, resulting in a short squeeze.
Dividend ETFs often pay out monthly distributions compared to dividend stocks. The post Canadian Dividend Investors: 2 ETFs That Pay Monthly Income With High Yields appeared first on The Motley Fool Canada.
DUNCANSVILLE, Pa. (AP) — Researchers are seeking thousands of volunteers in the U.S. and Europe to test the first potential vaccine against Lyme disease in 20 years -- in hopes of better fighting the tick-borne threat. Lyme is a growing problem, with cases rising and warming weather helping ticks expand their habitat. While a vaccine for dogs has long been available, the only Lyme vaccine for humans was pulled off the U.S. market in 2002 from lack of demand, leaving people to rely on bug spray a
KYIV, Ukraine (AP) — Six more ships carrying agricultural cargo held up by the war in Ukraine received authorization Sunday to leave the country’s Black Sea coast as analysts warned that Russia was moving troops and equipment in the direction of the southern port cities to stave off a Ukrainian counteroffensive. Ukraine and Russia also accused each other of shelling Europe's largest nuclear power plant. The loaded vessels were cleared to depart from Chornomorsk and Odesa, according to the Joint
U.S. chipmaker Qualcomm, which specializes in mobile phone chips, was one of GlobalFoundries' first customers to sign a long-term agreement in 2021, covering multiple geographies and technologies, according to a press release published by the firms. GlobalFoundries Chief Executive Thomas Caulfield said in a statement that having Qualcomm as a long-term customer of its upstate New York factory would help, along with federal and state funding, to expand the company's U.S. manufacturing footprint. The U.S. Senate last month passed sweeping legislation to subsidise the domestic semiconductor industry, providing about $52 billion in government subsidies for semiconductor production and an investment tax credit for chip plants estimated to be worth $24 billion.
(Reuters) -Carlyle Group Inc Chief Executive Kewsong Lee has abruptly stepped down months before the scheduled end of his five-year contract, raising questions about succession plans at the private equity firm. Washington, D.C.-based Carlyle said it mutually agreed with Lee not to renew his contract, which was due to expire at the end of 2022, according to a statement on Sunday. The firm, which reported earnings in July without flagging potential leadership changes, said Lee had also stepped down as a board member.
Canadian families have more work to do when it comes to medication storage, education and action around safe medication handling and disposal.
The dollar extended it best rally against the yen since mid-June on Monday, buoyed by higher Treasury yields after blockbuster U.S. jobs data lifted expectations for more aggressive Federal Reserve policy tightening. The greenback was last 0.31% higher at 135.42 yen, and earlier rose to 135.585 yen, its highest since July 28, after surging 1.57% in the previous session, its biggest single-day gain since June 17. Traders currently see a 73.5% probability the Fed continues the pace of 75 basis-point interest-rate increases for its next policy decision on Sept. 21, from about 41% before surprisingly strong payrolls data on Friday raised worries that wage growth would fuel inflationary pressures.
Here are three top TSX growth stocks that may be worth a look, given the significant valuation declines these stocks have seen in this market. The post 3 Growth Stocks That Could Be Huge Winners in the Next Decade and Beyond appeared first on The Motley Fool Canada.
WASHINGTON (AP) — Not as robust as the proposal President Joe Biden once envisioned to rebuild America's public infrastructure and family support systems, the Democrats' compromise of health care, climate change and deficit-reduction strategies is still a substantial undertaking. The estimated $740 billion package — passed Sunday by the Senate and heading to the House — is full of party priorities. Those include capping prescription drug costs at $2,000 out of pocket for seniors, helping America
New investors looking for a strong start in stock market investing can consider these three TSX stocks. The post Got $250? Here Are 3 Smart Stocks to Buy Now appeared first on The Motley Fool Canada.
SoftBank Group Corp is planning to cut headcount at its flagship Vision Fund investing arm, CEO Masayoshi Son said on Monday, after a crash in the value of its portfolio pushed his conglomerate to a record quarterly net loss. Vision Fund, which upended the world of venture capital with splashy bets on startups such as ridehailers Uber and Didi, posted a $23.1 billion loss in the April-June quarter as value evaporated from its investments in the market rout. "The world is in great confusion," Son said at an earnings news conference.
TORONTO — The Ontario Cannabis Store says a cyberattack faced by one of its logistics partners has left the provincial pot distributor unable to process or deliver orders to marijuana shops and customers. The OCS said Monday evening there is no indication that its systems were targeted or its customers’ information compromised during the Aug. 5 attack on the parent company of its third-party distribution centre, Domain Logistics. “However, out of an abundance of caution to protect OCS and its cu
U.S. chipmaker Qualcomm, which specializes in mobile phone chips, was one of GlobalFoundries' first customers to sign a long-term agreement in 2021, covering multiple geographies and technologies, according to a press release published by the firms. GlobalFoundries Chief Executive Thomas Caulfield said in a statement that having Qualcomm as a long-term customer of its upstate New York factory would help, along with federal and state funding, to expand the company's U.S. manufacturing footprint. The U.S. Senate last month passed sweeping legislation to subsidise the domestic semiconductor industry, providing about $52 billion in government subsidies for semiconductor production and an investment tax credit for chip plants estimated to be worth $24 billion.
Barrick Gold Corp flagged on Monday that it might overshoot its gold production cost forecast this year, though it stopped short of hiking its cost guidance, with CEO Mark Bristow saying the path of inflation was uncertain. Barrick beat analysts' expectations with a nearly 19% rise in second-quarter profit thanks to higher copper output even as inflation drove production costs up for the world's second-biggest gold miner. The company now expects to be "either at the top end or slightly above" its all-in sustaining cost guidance range for 2022 of $1,040 to $1,120 per ounce of gold, given energy prices have risen due to the war in Ukraine, it said.
MONTREAL — Less than four hours before departure, Ryan Farrell was surprised to learn his flight from Yellowknife to Calgary had been cancelled. Air Canada cited "crew constraints" and rebooked him on a plane leaving 48 hours after the June 17 flight's original takeoff time. Farrell was even more surprised six weeks later, when he learned his request for compensation had been denied on the basis of the staff shortage. “Since your Air Canada flight was delayed/cancelled due to crew constraints re
Long-term investors can look to buy stocks, including Suncor Energy and Shopify, as they are poised to outpace the broader markets in the next year. The post Where to Invest $500 in the TSX Right Now appeared first on The Motley Fool Canada.
Entering the real estate market can be daunting for anyone and, these days, buying a home has never felt more challenging. With escalating interest rates and record setting home prices, many Canadians have found themselves exploring unfamiliar ground, unsure about where to turn and how to navigate the ever-changing landscape. Fortunately, Wahi, a state-of-the-art digital real estate platform, has launched its new Market Pulse tool to help Canadians make sense of market ups and downs and how they
Canada’s flag carrier reported a $386 million net loss in Q2 2022 to mark 10 consecutive quarterly losses beginning in 2020. The post Air Canada (TSX:AC) Reports Massive Q2 Losses: Buy or Sell? appeared first on The Motley Fool Canada.
WASHINGTON — The new plan to encourage Americans to buy more electric vehicles built in North America, instead of just the United States, has cleared its tallest hurdle. After a marathon voting session that lasted nearly 24 hours, the U.S. Senate finally approved the new Inflation Reduction Act of 2022. Vice-President Kamala Harris had to break a 50-50 tie to pass the legislation, a dramatically smaller version of President Joe Biden's signature $2-trillion climate and social spending package. T
Yahoo Finance