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What Justin Trudeau hopes to achieve in Japan + MORE May 22nd
Justin Trudeau makes his first major push into Asia this week in Japan, where he hopes to broaden business links with a country that was once Canada’s No. 2 trading partner.
The prime minister will depart Sunday for his first overseas bilateral visit since taking office last fall.
He will meet.... More »
How the Dow Jones industrial average and other major indexes fared on Friday + MORE May 23rd
The stock market capped a quiet week of trading on a down note on Friday. Major indexes fell from the start as oil drillers and other energy-related companies followed oil prices lower. Stocks spent much of the rest of the day drifting between losses and gains as investors considered a mixed bag cor.... More »
Reni Odetoyinbo on why you should pay yourself first and have multiple streams of income Jun 6th
Social media content creator Reni Odetoyinbo started investing at age 18 and bought her first house at 23. Everyone wanted to know how she did it, so she started documenting her journey to home ownership on her YouTube Channel in 2020.
Odetoyinbo quit her full-time marketing job at a .... More »
Making sense of the markets this week: September 18 Sep 16th
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors.
We’re all Volker-ians now
Paul Volker is generally credited as the person who “broke the back of inflation” as the Governor o.... More »
Tesla awards boss Elon Musk $29bn in shares - BBC Aug 4th
Tesla awards boss Elon Musk $29bn in shares BBCElon Musk awarded $29 billion pay package from Tesla CNNTesla board awards Elon Musk $30bn worth of shares The GuardianTesla approves share award worth $29 billion to CEO Elon Musk Yahoo FinanceTesla Grants Mu.... More »
AP source: JPMorgan would pay $13B under tentative deal over mortgage-backed securities
– canadianbusiness.com
WASHINGTON – JPMorgan Chase & Co. has tentatively agreed to pay $13 billion to settle allegations surrounding the quality of mortgage-backed securities it sold in the run-up to the 2008 financial crisis, a person familiar with the negotiations between the bank and the federal government said Saturday.
If the agreement is finalized it would be the government’s highest-profile enforcement action related to the financial meltdown that plunged the economy into the deepest recession since the Great Depression of the 1930s.
The person, who spoke on condition of anonymity because the deal has not been finalized, said Attorney General Eric Holder, Associate Attorney General Tony West, J.P. Morgan CEO Jamie Dimon and the bank’s general counsel, Stephen Cutler, negotiated the tentative settlement in a Friday night phone call.
The person said the tentative agreement does not resolve a criminal investigation of the bank’s conduct. It is being handled by federal prosecutors in Sacramento, Calif…
If the agreement is finalized it would be the government’s highest-profile enforcement action related to the financial meltdown that plunged the economy into the deepest recession since the Great Depression of the 1930s.
The person, who spoke on condition of anonymity because the deal has not been finalized, said Attorney General Eric Holder, Associate Attorney General Tony West, J.P. Morgan CEO Jamie Dimon and the bank’s general counsel, Stephen Cutler, negotiated the tentative settlement in a Friday night phone call.
The person said the tentative agreement does not resolve a criminal investigation of the bank’s conduct. It is being handled by federal prosecutors in Sacramento, Calif…
