Tax-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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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…
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EconomyFeaturedfinancialfortofolioGlobal NewsInvestmentNewsUSWorld News
U.S. stocks were falling as investors await Fed’s beige book
U.S. stocks turned lower on Wednesday despite economic data on retail sales and producer prices that eased fears about interest rate hikes. At 11:10 ET (16:10 GMT), the Dow Jones Industrial…
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EconomyFeaturedfinancialGlobal NewsInvestmentLifestyleNewsWorld News
Stocks and oil slide on rekindled recession worries
Stocks and oil prices dipped on Thursday after weak U.S. consumer data rekindled global recession worries, while Japan’s yen reared up again as traders took fresh punts that the Bank…