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Tech firms drive office-space crunch in downtown Toronto + MORE Dec 13th
Demand has been strong for about a decade, but has now outstripped supply, as the tech industry joins financial services firms and other businesses in expanding their operations downtown
.... More »
HSBC to China investors: ‘See through’ the tech crackdown and focus on fundamentals - CNBC Jul 8th
HSBC to China investors: ‘See through’ the tech crackdown and focus on fundamentals CNBCDidi extends slump as China weighs changes to US IPO rules BNNDidi Extends Drop to Fresh Lows as China Weighs Rule Changes Yahoo Canada FinanceOwning Chinese Companies Is Comp.... More »
TSX crosses into bear market territory after COVID-19 declared a pandemic - CTV News Mar 11th
TSX crosses into bear market territory after COVID-19 declared a pandemic CTV NewsCanada Stocks Plunge, Putting Them on Pace to Enter Bear Market Yahoo Canada FinanceGordon Pape: There will be more gut-wrenching volatility going forward. Here's how to adjust your portfolio .... More »
Making sense of the markets this week: September 1, 2024 + MORE Aug 30th
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.
Nvidia earnings land on the moon—shareholders were aiming for the stars
Pretty much any other company in the world wou.... More »
Wall Street and the dollar tumble as investors retreat further from the United States - Yahoo + MORE Apr 21st
Wall Street and the dollar tumble as investors retreat further from the United States YahooStock market today: Dow sinks 1,200 points, S&P 500, Nasdaq tank with Trump's tariffs, Powell bashing in focus Yahoo FinanceNorth American stock markets fall further as Trump’s Fed .... More »
Why Petronas cancelled its massive B.C. LNG project
– canadianbusiness.com
(iStock)This week, Petronas finally announced that it would not proceed with its Pacific Northwest LNG project—part of a proposed $36 billion investment in B.C. natural gas production, processing and shipping. While the project had significant potential when first announced, and Petronas signalled continued commitment to it as recently as last year—after the Trudeau government finally approved the project—the market has been weakening since and it wasn’t a huge surprise that they announced a cancellation. In addition to market headwinds, the project faced significant opposition, it was seen as a potentially large source of GHG emissions, and the previous B.C. Liberal government had over-promised beyond what the project and others like it would have ever been able to deliver. After five years of regulatory process, with global gas prices having collapsed, Petronas decided it could better spend about $18 billion it had previously proposed to spend on the combined pipeline and LNG project…
Commercial banking boosts profit for HSBC
– theglobeandmail.com
Results could foreshadow what’s in store later this month when Canada’s largest banks report third-quarter earnings
A shareholder of Hudson’s Bay Co. is repeating it call for the retailer to tap into the value of its real estate holdings and says it may try to oust members of the company’s board of directors.
How millennials can increase their wealth
– moneysense.ca
The post How millennials can increase their wealth appeared first on MoneySense.
Shkreli jury begins deliberations in federal fraud trial
– canadianbusiness.com
A jury began deliberations Monday at the federal securities fraud trial of Martin Shkreli, the former biotech CEO best known for hiking up the price of a life-saving drug and for trolling his critics on social media.
The deliberations follow about a month of testimony in federal court in Brooklyn, most it from investors in two failed hedge funds run by the defendant. The witnesses told jurors that the 34-year-old Shkreli concealed the fact that he lost millions of dollars and made them the victim of a scheme to pay them back with worthless stock in a startup drug company.
The trial “has exposed Martin Shkreli for who he really is _ a con man who stole millions,” a federal prosecutor, Jacquelyn Kasulis, said in closing arguments last week.
The defence countered by arguing that the investors weren’t victims because they ended up recouping their money when the drug company went public. Some even made large profits when the stock price took off.
“Who lost anything? Nobody,” defence attorney Ben Brafman said in his closing argument…
The deliberations follow about a month of testimony in federal court in Brooklyn, most it from investors in two failed hedge funds run by the defendant. The witnesses told jurors that the 34-year-old Shkreli concealed the fact that he lost millions of dollars and made them the victim of a scheme to pay them back with worthless stock in a startup drug company.
The trial “has exposed Martin Shkreli for who he really is _ a con man who stole millions,” a federal prosecutor, Jacquelyn Kasulis, said in closing arguments last week.
The defence countered by arguing that the investors weren’t victims because they ended up recouping their money when the drug company went public. Some even made large profits when the stock price took off.
“Who lost anything? Nobody,” defence attorney Ben Brafman said in his closing argument…
