Local shops look forward to small business Saturday
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Local shops look forward to small business Saturday
Hugo Boss said on Tuesday that it had exceeded its full year sales targets after fourth quarter earnings helped propel the German fashion house back to nearly pre-pandemic levels. The full balance sheet will be published on March 10.
GENEVA (AP) — Credit Suisse said Monday that its chairman has resigned following an internal investigation that reportedly found he violated quarantine rules intended to fight the COVID-19 pandemic. The resignation of Antonio Horta-Osorio, a British-Portuguese national who took the job barely eight months ago, was announced shortly after midnight Monday. It is the latest upheaval at the top-drawer Swiss bank that has faced an array of recent troubles including bad bets on hedge funds and an inte
TFSA investors will definitely want to have these four top growth stocks on their radar this year. The post 4 Growth Stocks You’ll Want to Hold in Your TFSA in 2022 appeared first on The Motley Fool Canada.
Credit Suisse will stick to its strategic overhaul despite the abrupt departure of its mastermind Antonio Horta-Osorio following an internal probe into his personal conduct, including breaches of COVID-19 rules, the bank's new chairman said on Monday. Horta-Osorio leaves less than nine months after he joined the bank to help it deal with the implosion of investment firm Archegos and the insolvency of British supply chain finance company Greensill Capital, while it was still reeling from the 2020 exit of CEO Tidjane Thiam over a spying scandal. "In the years ahead the strategy will be reviewed regularly, but at the moment it's not an issue at all," Axel Lehmann, the Credit Suisse board member picked to replace Horta-Osorio, told Reuters in an interview, his first with the media since his appointment.
The world's 20 best-performing hedge funds earned $65.4 billion for clients in 2021, setting a new record as stock markets marched higher despite rising prices and coronavirus cases, LCH Investments data show. As a group, the most successful managers earned more than one third of the $176 billion that all hedge funds made last year, LCH Investments, a fund of funds firm that tracks returns and is part of Edmond de Rothschild group, reported. The top 20, including brand-name investment firms TCI Fund Management and Citadel, returned an average 10.5% and jointly managed nearly one fifth of the industry's $3.6 trillion in assets, the data show.
NEW YORK (Reuters) -Activision Blizzard Inc said on Monday it has fired or pushed out more than three dozen employees and disciplined another 40 since July to address allegations of sexual harassment and other misconduct at the videogame company. After completing reviews, "37 employees have exited the company and another 44 received written reprimands, formal warnings or other discipline," the company said, confirming a report in the Wall Street Journal. But Activision denied Chief Executive Bobby Kotick held back a summary of the information which had been scheduled for release "before the winter holidays," as the Journal reported.
BEIJING (AP) — Chinese leaders are under pressure to boost slumping economic growth while they try to contain coronavirus outbreaks ahead of next month's Winter Olympics in Beijing. The world's second-largest economy grew by 8.1% last year, but activity fell abruptly in the second half as the ruling Communist Party forced China's vast real estate industry to cut surging debt, official data showed Monday. Growth sank to 4% over a year earlier in the final three months of the year, fueling expecta
In celebration of the Year of The Tiger, luxury Canadian outerwear brand, Nobis, has announced the launch of its 2022 Lunar New Year Capsule Collection. "Nobis" in Latin translates to "us," and since its inception, the brand has always celebrated culture and emphasized the importance of community collaboration and representation. This year, Nobis celebrates the Year of the Tiger by partnering with Fête Chinoise, a Chinese-Canadian cultural platform created by design firm Palettera to develop a s
The head of Japan's main steel industry lobby said on Tuesday the European Union's decision to extend anti-dumping measures on electrical steel from Japan was inappropriate and it would consider taking action. On Monday, the EU extended setting minimum prices for electrical steel from Japan, China, Russia, South Korea and the United States for five years on the basis that producers would otherwise dump it on the EU market.
We asked our Foolish writers for their top ideas for 2022. Here are their picks. The post 15 Top Stock Picks for 2022 appeared first on The Motley Fool Canada.
Shopify (TSX:SHOP)(NYSE:SHOP) shares dropped 6% last week, down 10% in the last year. What happened, and will Motley Fool investors see a recovery? The post Why Shopify Stock Fell 6% Last Week appeared first on The Motley Fool Canada.
Israel's cabinet approved additional state aid on Sunday to help bail out airlines suffering another pandemic blow with the spread of the Omicron coronavirus variant, the finance and transportation ministries said. Total state aid would not exceed $85 million for all of Israel's carriers and would come in the form of three-year bonds which do not accrue interest, representing a $41 million addition to a similar package in November, the ministries said in a statement. Israel's airlines - flag carrier El Al Israel Airlines Arkia and Israir - have been hit hard during the pandemic with the country's borders largely closed to foreign tourists since March 2020.
Small-cap energy stocks could see steep rallies in 2022 with strength in oil and gas prices. The post Why Did Surge Energy (TSX:SGY) Stock Zoom 20% Last Week? appeared first on The Motley Fool Canada.
KYIV, Ukraine (AP) — Ukraine said Sunday that Russia was behind a cyberattack that defaced its government websites and alleged that Russia is engaged in an increasing “hybrid war” against its neighbor. The statement from the Ministry of Digital Development came a day after Microsoft said dozens of computer systems at an unspecified number of Ukrainian government agencies had been infected with destructive malware disguised as ransomware. That disclosure suggested the attention-grabbing defacemen
While the Municipal Council of the City of Montréal is preparing to officially adopt its 2022 budget of 6.46 billion dollars on Friday, the City of Beaconsfield increases its claim to 6 million dollars to recuperate taxes paid in excess for regional Agglomeration services.
HONG KONG (Reuters) -Shares of Macau's top casino operators racked up as much as HK$65.53 billion ($8.42 billion) on Monday - or 15% of their market value - as the government of the world's largest gambling hub retained the limit on casino licences to six. By the close of the Hong Kong market, the six Macau casino operators had gained 9.9% in value, or HK$42.2 billion, putting the overall market value of the oprators at about HK$469 billion. Sands China led the rally.
The dollar edged higher on Monday as traders continued to hold on to dollars but took the view that Federal Reserve tightening plans were largely priced in, while the euro eased from Friday’s two-month high. An unexpected cut to key lending rates in China highlighted it as the outlier, with other major central banks in talks to raise rates. China's move only briefly weighed on the yuan.
Here's why long-term investors looking for some crypto exposure may want to consider Ethereum (CRYPTO:ETH) right now. The post Why Ethereum Is a Top Crypto to Own Long Term appeared first on The Motley Fool Canada.
MILAN (AP) — Jeff Goldblum infused Milan Fashion Week with some levity on Sunday as he shimmied down the Prada runway in a dark overcoat that cast a dramatic silhouette. The latest menswear collection in the two-year-old collaboration between Miuccia Prada and Raf Simons as co-creative directors was at once elemental and celebratory, presenting elevated versions of everyday pieces. “We were thinking about meaningful fashion, pieces that make sense,’’ Prada said in show notes. “Clothes that make
NEW YORK (AP) — In just two weeks, the cost of pecans for the pies at Peggy Jean’s Pies in Columbia, Missouri, has surged nearly 40%, perplexing co-owner Rebecca Miller and adding to the cost of doing business. Miller will soon have to bump up the price of her Southern Pecan, Chocolate Bourbon Pecan, and German Chocolate pies by $2 to $24. While pecans have risen the most, Miller is seeing price increases across the board, from blackberries to condensed milk and eggs. She consults with three foo