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Who’s buying crypto in Canada, and why? + MORE Nov 19th
Despite crypto’s extreme volatility, nearly one in three Canadians (31%) said they planned to buy crypto assets in the next 12 months, according to a recent survey. And 11% said they definitely will.
The survey by the Ontario Securities Commission found that 13% of Canadians currently.... More »
America Needs Federal 'Baby Bonds' Apr 16th
Every person should have a stake in the equity markets that create real wealth..... More »
Cenovus Energy reports $69M third quarter loss, production more than doubles + MORE Nov 2nd
CALGARY _ Cenovus Energy Inc. (TSX:CVE) says it lost $69 million in its latest quarter as it more than doubled its production compared with a year ago, boosted by its acquisition of most of the Canadian assets of ConocoPhillips earlier this year.
The company says the loss amounted to six cents per s.... More »
Ford plans job cuts to boost profits + MORE May 16th
Ford is reported to be planning substantial job cuts in order to boost profits and raise its stock price..... More »
Labour data ‘impressive’ as Canada adds jobs for 10th straight month + MORE Oct 6th
OTTAWA _ The labour market posted a 10th-straight month of net job gains in September to match the economy’s longest monthly streak since the financial crisis almost a decade ago, Statistics Canada said Friday.
The national unemployment rate stayed at a nine-year low of 6.2 per cent after Cana.... More »
Macy’s misses 2Q profit and revenue expectations
– canadianbusiness.com
CINCINNATI – Macy’s Inc. (M) on Wednesday reported fiscal second-quarter profit of $217 million.
On a per-share basis, the Cincinnati-based company said it had profit of 64 cents.
The results missed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 75 cents per share.
The department store operator posted revenue of $6.1 billion in the period, which also fell short of Street forecasts. Five analysts surveyed by Zacks expected $6.24 billion.
Macy’s expects full-year earnings to be $4.70 to $4.80 per share.
Macy’s shares have increased nearly 3 per cent since the beginning of the year, while the Standard & Poor’s 500 index has risen 1 per cent. The stock has risen 12 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 M at http://www.zacks.com/ap/M
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Keywords: Macy’s, Earnings Report, Priority Earnings
The post Macy’s misses 2Q profit and revenue expectations appeared first on Canadian Business – Your Source For Business News.
On a per-share basis, the Cincinnati-based company said it had profit of 64 cents.
The results missed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 75 cents per share.
The department store operator posted revenue of $6.1 billion in the period, which also fell short of Street forecasts. Five analysts surveyed by Zacks expected $6.24 billion.
Macy’s expects full-year earnings to be $4.70 to $4.80 per share.
Macy’s shares have increased nearly 3 per cent since the beginning of the year, while the Standard & Poor’s 500 index has risen 1 per cent. The stock has risen 12 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 M at http://www.zacks.com/ap/M
_____
Keywords: Macy’s, Earnings Report, Priority Earnings
The post Macy’s misses 2Q profit and revenue expectations appeared first on Canadian Business – Your Source For Business News.
How to make money in real estate
– moneysense.ca
Want to make money in real estate? Real money. Like $13-million in profit kinda money? Don’t bother with rental properties and put away the hammer because sweat equity won’t cut it. Instead, you’ll want to team up with a home-reno celebrity or a successful real estate tycoon and go into the real estate seminar racket.While, I’ve written about the dubious nature of real estate training workshops in the past, I thought a refresher was due. Why? Because of the sheer volume of seminars that are being offered across this country and because a Vancouver lawyer is finally poking holes in the validity of the claims made by these seminar promoters.
Lawyer Ron Usher spent the last five years examining and fact-checking claims made by At Will Events—a Canadian-based marketing and event planning firm that offers free seminars on how to invest and make money in the U.S. real estate market, among other topics.
What Usher found through his investigation was not surprising. The sample cases and testimonials offered by seminar coordinators and participants are, on the whole, simply not factual…
An alliance of mainly U.S.-based stock traders and computer hackers in Ukraine made as much as $100 million in illegal profits over five years after stealing confidential corporate press releases, U.S. authorities said on Tuesday.
Agnelli family raises stake in The Economist as Pearson sells out
– theglobeandmail.com
Move follows deal to sell the Financial Times newspaper to Japan’s Nikkei family
As natural gas prices remain depressed for the better part of the last decade, the Gas City keeps moving further away from its wealth generator of the past.
