Small Business Saturday
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Small Business Saturday
U.S. consumer prices decelerated in July as gasoline prices dropped sharply, raising hopes the U.S. Federal Reserve may dial back its aggressive path of interest rate hikes. The consumer price index was unchanged last month after advancing 1.3% in June, the Labor Department said on Wednesday. In the 12 months through June, the CPI climbed 8.5%, below expectations of an 8.7% rise and after a 9.1% rise in June.
Spartan Delta Corp. ("Spartan" or the "Company") (TSX: SDE) is pleased to report its unaudited financial and operating results for the three and six month periods ended June 30, 2022, details of a strategic acquisition, as well as an update to the Company's guidance for the remainder of 2022.
(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.
HAMILTON — Stelco Holdings Inc. says its year-over-year earnings increased 53 per cent in the second quarter of 2022 to $554 million, or $7.67 per diluted share. The Hamilton-based steelmaker attributed the increase partially to the $260 million in proceeds it received in the quarter from the sale and leaseback of its Hamilton land and buildings, as well as an increase in operating income and lower financing costs. On an adjusted basis, Stelco says it earned $356 million in the second quarter, d
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.
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
Canadians should beware healthcare and technology sectors. Stocks like Shopify Inc. (TSX:SHOP)(NYSE:SHOP) and others are being punished. The post What to Watch for on the TSX Today 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
Fairfax Financial Holdings (TSX:FFH) is going bargain hunting after a tough first half of 2022. The post TFSA Investors: 1 Deeply Undervalued Stock to Ride Out a “Mild” Recession appeared first on The Motley Fool Canada.
(Reuters) -Australian wealth manager AMP Ltd said on Thursday its half-year underlying profit slumped by nearly a quarter, as margin pressure weighed on the banking division, sending its shares down nearly 3%. Net interest margin at AMP Bank fell to 1.32% in the first half of the fiscal year, from 1.71% a year earlier, dragged down by growth in fixed-rate loans - which are less profitable. Still, the company said the banking division's net interest margin improved in the second quarter, and will show a good performance during the second half of the year, benefiting from a higher interest rate environment.
The dollar fell broadly on Wednesday following a cooler-than-expected U.S. inflation report for July that raised expectations of a less aggressive interest rate hike cycle than previously anticipated from the Federal Reserve. The Australian dollar, seen as a barometer of risk, was up 1.74% at $0.7083.
I (almost) fell for the Bank Investigator scam: here’s how to avoid it
Big Canadian telecom stocks are good sources of dividend income. One offers a high yield. Another provides higher growth. Which is cheapest? The post 3 Big Canadian Telecom Stocks: Which Offers the Best Value? appeared first on The Motley Fool Canada.
Petroleos Mexicanos (Pemex) has made progress in talks with global energy trader Vitol about resuming trading ties that broke down last year during a bribery scandal, and the companies must iron out some issues such as compensation for damages Mexico's state oil company suffered, two sources at Pemex said. The sources at Pemex did not offer details on how the damages from the scandal would be calculated or give an estimate. Vitol and Pemex declined to comment.
Compensating donors for plasma is the only route to increase our domestic supply
Toshiba Corp on Wednesday posted an unexpected operating loss in the April-June first quarter as it grappled with a global chip shortage and a sharp rise in costs for raw materials. Higher material and logistics costs pushed down its operating earnings by 9.4 billion yen, while a chip shortage had a negative impact of about 3 billion yen, the company said. Bain Capital, CVC Capital Partners and Brookfield Asset Management as well as a consortium involving state-backed Japan Investment Corp and private equity firm Japan Industrial Partners have been selected by Toshiba to proceed to a second bidding round.
Today, McDonald's Canada and McCain Foods Limited are proud to announce a new partnership to create the Future of Potato Farming Fund by investing $1M in education, demonstration, and cost-sharing grants to support potato farmer adoption of regenerative practices and technology. The new Fund's goals are building soil health and farm resilience as Canadian potato farmers face the escalating impacts of climate change on yield and crop quality.
Stock market beginners in Canada could kickstart their investing journey by buying these two stocks right now. The post The 2 Best Canadian Stocks for Beginners Right Now appeared first on The Motley Fool Canada.