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Experts say an increasing number of first-time homebuyers are contemplating buying real estate with platonic friends, not life partners, as sky-high prices in markets such as Toronto and Vancouver have eroded affordability..... More »
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Under fire, U.K. PM Liz Truss dumps finance minister and scraps tax plan CBC NewsTruss dumps U.K. corporation tax freeze plan after firing ally BNN BloombergBritish finance minister Kwasi Kwarteng ousted as PM Liz Truss scraps part of tax plan The Globe and MailThis .... More »
Should I stay or should I go: The real costs of moving out of the city + MORE Oct 15th
Like any good urban legend, there’s always a friend of a friend who traded in their paper-thin, 400-square-foot apartment for a dirt-cheap dream house in an idyllic town.
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Retirement taxes explained: Withholding, clawbacks, and other surprises Sep 17th
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Taxation in Canada
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Creating a will is the “adulting” milestone you need to hit this year Jul 17th
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From a new report that shows it’s getting harder to find steady work, to a survey of Wall Street financiers that paints a picture of an industry that can’t seem to clean up its act, it was a busy week in financial news. The CBC’s Jacqueline Hansen gets you caught up on the week that was in business news.
How the Dow Jones industrial average and other major indexes fared on Friday
– canadianbusiness.com
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 corporate earnings and a slight increase in inflation.
On Friday:
The Dow Jones industrial average fell 53.72 points, or 0.3 per cent, to 18,232.02.
The Standard & Poor’s 500 index closed down 4.76 points, or 0.2 per cent, to 2,126.06.
The Nasdaq composite edged down 1.43 points to 5,089.36.
For the week:
The Dow is down 40.54 points, or 0.2 per cent.
The S&P 500 is up 3.33 points, or 0.2 per cent.
The Nasdaq is up 41.07, or 0.8 per cent.
For the year:
The Dow is up 408.95 points, or 2.3 per cent.
The S&P 500 index is up 67.16 points, or 3.3 per cent.
The Nasdaq is up 353.31 points, or 7.5 per cent.
The post How the Dow Jones industrial average and other major indexes fared on Friday appeared first on Canadian Business – Your Source For Business News.
On Friday:
The Dow Jones industrial average fell 53.72 points, or 0.3 per cent, to 18,232.02.
The Standard & Poor’s 500 index closed down 4.76 points, or 0.2 per cent, to 2,126.06.
The Nasdaq composite edged down 1.43 points to 5,089.36.
For the week:
The Dow is down 40.54 points, or 0.2 per cent.
The S&P 500 is up 3.33 points, or 0.2 per cent.
The Nasdaq is up 41.07, or 0.8 per cent.
For the year:
The Dow is up 408.95 points, or 2.3 per cent.
The S&P 500 index is up 67.16 points, or 3.3 per cent.
The Nasdaq is up 353.31 points, or 7.5 per cent.
The post How the Dow Jones industrial average and other major indexes fared on Friday appeared first on Canadian Business – Your Source For Business News.
Correction: Earns-Liberty Media story
– canadianbusiness.com
ENGLEWOOD, Colo. – In a story May 8 about Liberty Media’s earnings — generated by Automated Insights using data from Zacks Investment Research — the Associated Press reported erroneously the company’s stock performance over the last 12 months. At that time, Liberty Media shares had risen 10.6 per cent over the last 12 months.
A corrected version of the story is below:
Liberty Media reports 1Q loss
Liberty Media reports 1st-quarter loss of $19 million
ENGLEWOOD, Colo. (AP) — Liberty Media Corp. (LMCA) on Friday reported a first-quarter loss of $19 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Englewood, Colorado-based company said it had a loss of 6 cents.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.
The media and entertainment company posted revenue of $1.08 billion in the period, which also did not meet Street forecasts…
A corrected version of the story is below:
Liberty Media reports 1Q loss
Liberty Media reports 1st-quarter loss of $19 million
ENGLEWOOD, Colo. (AP) — Liberty Media Corp. (LMCA) on Friday reported a first-quarter loss of $19 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Englewood, Colorado-based company said it had a loss of 6 cents.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.
The media and entertainment company posted revenue of $1.08 billion in the period, which also did not meet Street forecasts…
