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Making sense of the markets this week: February 18, 2024 Feb 16th
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.
Shopify struggles
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LONG BEACH, Calif. – A Hanjin container ship that was stranded off the California coast for more than a week began unloading Saturday after a judge protected the global shipping giant from having its assets seized in the U.S. as it struggles to avoid bankruptcy.
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The Benefits of Working With an Investment Professional (Jeffrey Mohlman) + MORE Dec 21st
Investing isn’t easy, otherwise everybody would do it. In reality, less than half of adult people in the United States ever invest at all! That’s a pretty poor total, but it stands to reason. Most people don’t know anything at all about investment. And as such, they’re scared to death of it..... More »
Sluggish economy, excess global steel capacity lead US Steel to book $1.8 billion charge in 3Q
– canadianbusiness.com
PITTSBURGH, Pa. – U.S. Steel Corp. says its third-quarter financial results will include a non-cash “goodwill” impairment charge of $1.8 billion, reflecting an adjustment in the value of its steel-making operations.
The Pittsburgh-based company said Friday that the move is driven primarily by the impact of the lengthy economic recovery, excess global steelmaking capacity and lower prices for steel products.
The charge applies to US Steel’s North American flat-rolled and Texas Operations units.
U.S. Steel says that the charge will not affect its liquidity or compliance with debt covenants.
Companies are required to take a goodwill charge if they determine that the carrying value of an asset exceeds its fair value.
U.S. Steel shares fell 5 cents in extended trading after closing up 32 cents at $23.98.
The post Sluggish economy, excess global steel capacity lead US Steel to book $1.8 billion charge in 3Q appeared first on Canadian Business.
The Pittsburgh-based company said Friday that the move is driven primarily by the impact of the lengthy economic recovery, excess global steelmaking capacity and lower prices for steel products.
The charge applies to US Steel’s North American flat-rolled and Texas Operations units.
U.S. Steel says that the charge will not affect its liquidity or compliance with debt covenants.
Companies are required to take a goodwill charge if they determine that the carrying value of an asset exceeds its fair value.
U.S. Steel shares fell 5 cents in extended trading after closing up 32 cents at $23.98.
The post Sluggish economy, excess global steel capacity lead US Steel to book $1.8 billion charge in 3Q appeared first on Canadian Business.
NYSE to open up facilities for testing ahead of Twitter IPO
– theglobeandmail.com
Initial public offering of microblogging site Twitter is the most highly anticipated since Facebook’s IPO last year
How to plan for the unexpected costs of illness
– thestar.com
Making financial plans for unexpected health issues is important, say financial advisors, including access to an emergency fund, even if it’s through a secured line of credit.Google stock breaks $1,000 barrier
– cbc.ca
Strong third-quarter results have sent Google’s stock past the $1,000 US mark for the first time.
National PostHarper calls tentative EU agreement 'biggest deal Canada has ever made'CTV NewsCanada and the European Union reached a tentative free-trade deal on Friday that is intended to eliminate virtually all tariffs and many barriers on trade, investment and labour mobility. The deal, which Prime Minister Stephen Harper hopes to see fully ratified …Canada-Europe trade deal not really about trade: WalkomToronto StarConsumer prices expected to drop through Canada-EU trade dealCanada.comJOHNSTONE: Harper has little to brag aboutRegina Leader-PostNational Post -Reuters Canada -The Globe and Mailall 797 news articles »
