Montrezl Harrell (Washington Wizards) with an alley oop vs the San Antonio Spurs, 11/29/2021
My summer job: Holmes' boss always made time for him and complimented his work
Here's why this top Canadian energy stock with a high dividend yield looks undervalued and good to buy now for a self-directed RRSP. The post RRSP Investors: 1 Top Contrarian Stock to Buy Now appeared first on The Motley Fool Canada.
BlackBerry’s improving fundamentals have helped its stock soar lately and outperform the broader market. The post BlackBerry Stock is Rallying! Buy Before It’s Too Late appeared first on The Motley Fool Canada.
(Reuters) -Australia's Graincorp raised its annual profit forecast for the second time, as the agribusiness firm capitalises on strong demand for grains and vegetable oils amid a supply crunch from the war in Ukraine, pushing its shares up more than 10%. The profit upgrade on Wednesday was also encouraged by expectations of above-average East Coast Australian (ECA) crop in year 2022/23, combined with a favourable three-month rainfall outlook. Global wheat prices reached record levels in early 2022 as major exporter Ukraine's supplies were essentially cut off due to Russia's invasion, triggering a five-fold jump in Graincorp's first-half profit and allowing it to pay a special dividend.
The National Federation of Independent Business (NFIB) said its Small Business Optimism Index rose four-tenths of a point last month to 89.9, the first monthly increase since December. Surging inflation has forced the Federal Reserve to raise rates aggressively this year in a bid to slow the economy without tipping it into recession. U.S. job growth unexpectedly accelerated in July, and economists polled by Reuters estimate consumer prices rose 8.7% last month from a year earlier.
Latin American companies could replace at least some of the Chinese companies' initial public offerings (IPOs) that have disappeared from western markets this year, a senior Nasdaq executive said. Regulators in Beijing and Washington have increased their scrutiny of Chinese companies listed in the United States, and a dispute over access to audit papers could lead to Chinese companies being delisted from U.S. exchanges. Four Latin American Companies were listed, down from 20 last year, and 11 companies from countries in Southeast Asia, compared with 19 last year.
EIA projected 2022 power sales would rise to 1,494 billion kWh for residential consumers, 1,371 billion kWh for commercial customers as more people return to work in offices and 1,019 billion kWh for the industrial sector. EIA said natural gas' share of power generation will be 37% in 2022, the same as in 2021, before sliding to 36% in 2023. Nuclear power's share will slide to 19% in 2022, from 20% in 2021, before rising back to 20% in 2023.
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.
Large shifts in the composition of the U.S. workforce in the wake of the COVID-19 pandemic have made it harder to measure underlying productivity growth, which some economists put at about 1.0% or less, making the Federal Reserve's fight against inflation more difficult. Unit labor costs - the price of labor per single unit of output - rose at a 10.8% rate.
Some 60 per cent of respondents set stricter priorities and reduced spending due to higher prices in July.
BEIJING (AP) — The capital of China's Hainan province has locked down its residents for 13 hours on Monday as a COVID-19 outbreak grows on the tropical island during the summer school holidays. The temporary lockdown of Haikou city from 7 a.m. to 8 p.m. follows an ongoing and indefinite lockdown of the beach resort of Sanya since Saturday that is confining vacationers to their hotels for a week. Four other cities and four counties in Hainan also started lockdowns of two days or more on Sunday an
CALGARY — Suncor Energy Inc. says its Commerce City refinery in Colorado is back up and running after an equipment malfunction earlier Monday. Suncor spokeswoman Mita Adesanya said the malfunction caused the safety system within one of the units at the refinery to activate. She said the system worked as designed, shutting down the equipment to prevent any further disruption to operations. Suncor sent out an alert Monday morning warning residents in the area that the temporary shutdown could resu
TOKYO (AP) — Asian shares mostly declined Tuesday amid a global fall in technology shares, including Japan's SoftBank, which has reported hefty losses caused by the market downturn. Such worries are coming on top of concerns about inflation and what central banks might do to curb that trend. Higher interest rates tend to work as a minus for share prices. Shares fell in Tokyo but rose in other regional markets. U.S. futures edged higher while oil prices fell. Japan's technology investor SoftBank
I'd not be willing to sell CN Rail (TSX:CNR)(NYSE:CNI) and another dividend-growth stock, even if a market crash strikes soon. The post 2 TSX Dividend-Growth Stocks I’d Never Sell appeared first on The Motley Fool Canada.
MONTREAL — WSP Global Inc. is extending its buying streak, as the Montreal-based engineering giant announced its sixth acquisition in 10 weeks. The company said Monday after markets closed it has reached a roughly $975-million deal to purchase RPS, a consulting firm based in the United Kingdom with about $875 million in annual revenue and 5,000 employees worldwide. The 52-year-old outfit focuses on climate change and energy consulting, an area where WSP has recently broadened its footprint. In J
The offer price marks a premium of more than 53% to Recipe's last close. Recipe said it had entered into a letter of intent with Fairfax, adding its board would recommend shareholders vote in favor of a takeover once the deal was finalized. Founded in 1883, Vaughan, Canada-based Recipe operates brands such as Kelseys, East Side Mario's and New York Fries.
Tactic to lower emissions will reduce yields at a time when food security is a major concern, farmers argue
(Reuters) -Swiss duty-free retailer Dufry said on Tuesday it saw strong sales momentum continue in July despite the soaring inflation, after its turnover more than doubled in the first six months of the year. The Basel-based group posted a 146% rise in turnover to 2.92 billion Swiss francs ($3.06 billion) in the January to June period, corresponding to 75.5% of the pre-pandemic 2019 levels in constant currency. Chief Executive Officer Xavier Rossinyol, who took over the role from June 1, said the strong momentum had continued into July, when it reached around 90% of 2019 turnover levels.
Policyholders of FM Global, which include one of every three Fortune 500 companies and similar size organizations worldwide, will collectively receive approximately US$300 million in a first-of-its-kind 'resilience credit,' providing them with additional means to invest in climate resilience solutions. The credit has the potential to help those organizations reduce total loss expectancies related to wind, flood and wildfire exposure by more than US$120 billion which, in turn, can magnify their p
BERLIN (AP) — Local officials with German Chancellor Olaf Scholz’s party rejected a bid to expel former Chancellor Gerhard Schroeder over his close ties to Russia, the news agency dpa reported Monday. An arbitration committee of the center-left Social Democrats’ branch in Hannover, where Schroeder lives, considered 17 applications from party members for proceedings against him. Schroeder’s longstanding connections to the Russian energy sector and refusal to distance himself fully from President
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