One section of Credit Suisse’s bondholders is set to be wiped out following the struggling bank’s takeover by UBS, causing them to see investments worth 16 billion Swiss francs ($17 billion)…
financial
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EconomyFeaturedfinancialInvestment
The Top 3 Mistakes You’re Making With Your TFSA
by Deon Nielsenby Deon NielsenTax-Free Savings Accounts took the Canadian personal finance world by storm when they were first introduced in 2009. Money invested in the account is allowed to grow tax free, making…
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EconomyEuropeFeaturedfinancialInvestmentNews
European Markets Recover on a Wild Day for Bank Stocks
by Michael Loweby Michael LoweEuropean markets ticked up Monday but bank stocks were mixed and volatile as investors assessed the significance of the near-collapse of Credit Suisse, one of the world’s most important financial…
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EconomyFeaturedfinancialfortofolioGlobal NewsInvestmentNewsUS
Risk-reward for Roblox “turned sharply negative” – Morgan Stanley downgrades, lowers target
by Michael Loweby Michael LoweMorgan Stanley analysts downgraded Roblox Corporation (NYSE:RBLX) to ‘Underweight’ from ‘Equal-weight’ and lowered their Price Target on the shares to $24 from $27.50, citing ‘slower growth in 2H and minimal…
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EconomyFeaturedfinancialGlobal NewsInvestmentNewsPoliticsUS
Trump says his campaign talking with Meta about possible return to Facebook -Fox News
Former U.S. President Donald Trump told Fox News Digital on Wednesday that his campaign was in talks with Meta Platforms about a possible return to Facebook (NASDAQ:META) and Instagram, two…
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EconomyFeaturedfinancialGlobal NewsInvestmentUS
Dow futures fall 230 pts; Brainard speech, jobless claims, Netflix in focus
by Michael Loweby Michael LoweU.S. stocks are seen opening lower Thursday, continuing the previous session’s selloff ahead of the release of widely-watched economic data, speeches from Federal Reserve policymakers and important corporate earnings. At…
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EconomyFeaturedfinancialGlobal NewsInvestmentNewsTechnology
Microsoft to shed 10,000 jobs, adding to glut of tech layoffs
by Julien Rayby Julien RayMicrosoft Corp (NASDAQ:MSFT) on Wednesday said it would eliminate 10,000 jobs and take a $1.2 billion charge to earnings, as its cloud-computing customers reassess their spending and the company braces for…
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EconomyFeaturedfinancialGlobal NewsNewsUSWorld News
Trapdoor for dollar, red flag for Fed: Mike Dolan
The U.S. dollar’s accelerating decline from the heady highs of 2022 has a ways to go yet – but the speed of the drop may build a case for a…
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AsiaEconomyFeaturedfinancialGlobal NewsInvestmentNewsSouth KoreaWorld News
Davos 2023: South Korea’s Yoon calls for strengthening resilience of global supply chains
South Korea’s President Yoon Suk-yeol on Thursday called for strengthening the resilience of global supply chains, describing it as one of the most urgent tasks facing the international community. Yoon…
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EconomyFeaturedfinancialGlobal NewsNewsUSWorld News
Philly Fed, jobless claims, Genesis bankruptcy report – what’s moving markets
Brace for another U.S. data dump, a day after weak retail sales and industrial production numbers forced markets to reappraise the risk of a recession. The Philadelphia Federal Reserve’s manufacturing…