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Making sense of the markets this week: December 25, 2022 Dec 23rd
This week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
The round-up of returns for the year
Let’s start with a look at asset returns for 2022. Courtesy of our favourite economic tweeter Liz Sonders of Charles S.... More »
Why the Haitians Should Stay + MORE Dec 27th
These longstanding residents are valuable assets to the U.S..... More »
George Weston hikes dividend as improvements at Loblaw boost profit + MORE May 9th
Company posts a 189-per-cent increase to its first-quarter profit
.... More »
TSX ends higher as oil rises above $60 a barrel, New York makes small gains - Toronto Star + MORE May 22nd
CTV NewsTSX ends higher as oil rises above $60 a barrel, New York makes small gainsToronto StarThe Toronto stock market ended higher on Thursday as oil prices bounded above the $60 (U.S.)-per-barrel mark. The S&P/TSX composite index was 130.78 points higher at 15,203.61, driven by the energy sec.... More »
Making sense of the markets this week: January 7, 2024 + MORE Jan 5th
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
A look at 2024
Since we made this crystal ball thing look pretty easy last year with our 2023 markets forecast, we’re .... More »
JPMorgan investigated for China hiring
– canadianbusiness.com
NEW YORK, N.Y. – U.S. regulators are looking into whether JPMorgan Chase hired the children of Chinese officials to help it boost its business in China, The New York Times reported.
The Times said Sunday that details of the civil investigation were in a confidential U.S. government document that it saw. According to the document, the anti-bribery unit of the Securities and Exchange Commission asked JPMorgan for records about some of the bank’s hires in China.
According to the Times, the document shows that the bank hired the son of a former Chinese banking regulator who is now chairman of the China Everbright Group, a state-controlled financial conglomerate. The paper reported that after the chairman’s son joined the bank, JPMorgan won several assignments from Everbright.
JPMorgan’s Hong Kong office also hired the daughter of a Chinese railway official. The official was later detained on accusations of taking cash bribes in exchange for handing out government contracts, the Times reported, citing the U…
The Times said Sunday that details of the civil investigation were in a confidential U.S. government document that it saw. According to the document, the anti-bribery unit of the Securities and Exchange Commission asked JPMorgan for records about some of the bank’s hires in China.
According to the Times, the document shows that the bank hired the son of a former Chinese banking regulator who is now chairman of the China Everbright Group, a state-controlled financial conglomerate. The paper reported that after the chairman’s son joined the bank, JPMorgan won several assignments from Everbright.
JPMorgan’s Hong Kong office also hired the daughter of a Chinese railway official. The official was later detained on accusations of taking cash bribes in exchange for handing out government contracts, the Times reported, citing the U…
T.J. Rodgers: Targeting the Wealthy Kills Jobs
– online.wsj.com
My investment in my company helps maintain 3,470 permanent positions. What’s not ‘fair’ about that?
Asian stock markets flat as traders ponder a likely phase out of Fed stimulus program
– canadianbusiness.com
BANGKOK – Asian stock markets were little changed Monday as traders weighed the consequences of an anticipated phasing out of the U.S. central bank’s unprecedented stimulus program.
The Federal Reserve been aggressively buying government bonds to push down interest rates and return employment to normal levels after millions lost jobs in the recession that followed the 2008 financial crisis.
The Fed says the program has helped stimulate the economy by making it easier to buy homes and invest in businesses. The Fed has also said the program is not indefinite and will be phased out when the economy improves.
Recent economic data and public statements by Fed policymakers have led investors to conclude that the Fed will begin winding down its $85 billion a month in bond purchases starting as early as September. Falling bond yields in the U.S is one sign that traders believe the Fed’s move is imminent.
But analysts said a sharp increase in the cost of credit could stifle growth, which will make the transition tricky and could make stock markets shaky…
The Federal Reserve been aggressively buying government bonds to push down interest rates and return employment to normal levels after millions lost jobs in the recession that followed the 2008 financial crisis.
The Fed says the program has helped stimulate the economy by making it easier to buy homes and invest in businesses. The Fed has also said the program is not indefinite and will be phased out when the economy improves.
Recent economic data and public statements by Fed policymakers have led investors to conclude that the Fed will begin winding down its $85 billion a month in bond purchases starting as early as September. Falling bond yields in the U.S is one sign that traders believe the Fed’s move is imminent.
But analysts said a sharp increase in the cost of credit could stifle growth, which will make the transition tricky and could make stock markets shaky…
