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Making sense of the markets this week: September 14 + MORE Sep 11th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Tesla snubbed by the S&P 500, and now it’s getting hit on all sides
What a difference a week can make.
In last week’s column, we discussed how Tesla’s valuation wa.... More »
Altcoins vs. bitcoin: What to consider while building your crypto portfolio + MORE Oct 20th
Cryptocurrencies have skyrocketed in popularity over the last couple of years. While bitcoin remains the “king of the hill” of virtual coins, some other altcoins (smaller cryptos) are gaining traction and market value, driven by broader acceptance among retail and institutional investors.
.... More »
Ex-Bank of England chief says euro a ‘very serious problem’ + MORE Mar 6th
LONDON – A former Bank of England governor says the European single currency is a serious problem for Britain, whether or not the country leaves the European Union.
Mervyn King says that even though Britain does not use the euro, “we are influenced and affected by what goes on in the eur.... More »
Empire shares hit 18 month high after Q1 results beat expectations + MORE Sep 14th
MONTREAL _ Shares of Sobeys owner Empire Co. Ltd. hit their highest level in 18 months on Thursday after the country’s second-largest grocery retailer beat expectations and signalled a positive turn in Western Canada after its disastrous takeover of Safeway.
The Halifax-based company’s s.... More »
Making sense of the markets this week: August 16 Aug 14th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Come on, tax me. I’m Canadian.
Will taxes go up in Canada? How will we pay for the pandemic? There are many guesses and rumblings about upcoming tax hikes. In a previous p.... More »
Financial TimesTsipras secures backing of Greek MPs for crucial reformsFinancial TimesThe Greek parliament backed a second round of reforms demanded by creditors early on Thursday but the vote revealed a deepening rift in the radical leftwing Syriza party of Alexis Tsipras, the prime minister. A draft law setting up a new civil justice …The Greek financial crisis is making its migration crisis worse. The EU must help.Washington PostRelief for Tsipras as lawmakers pass second key reform billFortuneGreek debt crisis: vote clears way for bailout talksThe GuardianThe Express Tribune -Herald Sun -Irish Independentall 1,492 news articles »
Greek PM keeps lid on party rebellion to pass bailout vote
– theglobeandmail.com
Alexis Tsipras wins parliamentary approval for a second package of reforms required to start talks on a financial rescue deal
Comcast matches 2Q earnings expectations, tops revenue forecasts
– canadianbusiness.com
PHILADELPHIA – PHILADELPHIA (AP) _ Comcast Corp. (CMCSA) on Thursday reported second-quarter net income of $2.14 billion.
On a per-share basis, the Philadelphia-based company said it had net income of 84 cents.
The results met Wall Street expectations. The average estimate of 17 analysts surveyed by Zacks Investment Research was also for earnings of 84 cents per share.
The cable provider posted revenue of $18.74 billion in the period, which beat Street forecasts. Fourteen analysts surveyed by Zacks expected $18.13 billion.
Comcast shares have climbed 11 per cent since the beginning of the year, while the Standard & Poor’s 500 index has climbed roughly 3 per cent. The stock has increased 22 per cent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CMCSA at http://www.zacks.com/ap/CMCSA
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Keywords: Comcast, Earnings Report, Priority Earnings
The post Comcast matches 2Q earnings expectations, tops revenue forecasts appeared first on Canadian Business – Your Source For Business News.
On a per-share basis, the Philadelphia-based company said it had net income of 84 cents.
The results met Wall Street expectations. The average estimate of 17 analysts surveyed by Zacks Investment Research was also for earnings of 84 cents per share.
The cable provider posted revenue of $18.74 billion in the period, which beat Street forecasts. Fourteen analysts surveyed by Zacks expected $18.13 billion.
Comcast shares have climbed 11 per cent since the beginning of the year, while the Standard & Poor’s 500 index has climbed roughly 3 per cent. The stock has increased 22 per cent in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CMCSA at http://www.zacks.com/ap/CMCSA
_____
Keywords: Comcast, Earnings Report, Priority Earnings
The post Comcast matches 2Q earnings expectations, tops revenue forecasts appeared first on Canadian Business – Your Source For Business News.
Loblaw Companies Ltd. plans to close 52 unprofitable stores in Canada over the next year, it says in its second-quarter earnings release.
Pearson in advanced talks to sell Financial Times
– theglobeandmail.com
Media company confirms reports that it is looking to sell financial newspaper
