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Making sense of the markets this week: April 28, 2024 + MORE Apr 26th
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.
Google starts paying out
Several big tech names made waves this week, but for very different reasons.
Tech earnings .... More »
What to do if you’re a victim of bank account or credit card fraud + MORE Jan 8th
Ask MoneySense
We have been defrauded of over $20,000 by someone who was able to make unauthorized e-transfers from our bank accounts. The bank has recovered a small portion of them, and it has refused responsibility for any more. I am at level three of the complaint process, and I am wondering how .... More »
European shares fall as investors take stock of spreading virus - Reuters + MORE Mar 27th
European shares fall as investors take stock of spreading virus ReutersView Full coverage on Google News.... More »
TSX, US markets climb by one per cent - Waterloo Record + MORE Sep 16th
TSX, US markets climb by one per centWaterloo RecordTORONTO — Major North American stock markets climbed Thursday, boosted by weak U.S. retail sales data that traders took as a sign the Federal Reserve may delay raising interest rates. In Toronto, the S&P/TSX composite index racked up a three-.... More »
Making sense of the markets this week: December 21 + MORE Dec 18th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Bitcoin defies gravity
It’s as though bitcoin has left the atmosphere, moving to new all-time highs this week. Here’s a tweet from Paul R. La Monica of CNN…
Source: .... More »
An overnight drop in stock prices that began in China provided a dismal backdrop for the first trading day of 2016.
The investment arm of the Canada Pension Plan has made its entry into the U.S. student housing market through a new joint venture.
Key ride-hailing companies who are changing the auto industry
– canadianbusiness.com
DETROIT – Ride-hailing company Lyft Inc. said Monday it’s partnering with General Motors Co. on various projects, from hubs where Lyft drivers can rent GM vehicles to an on-demand, autonomous ride service. Even with the investment, Lyft is much smaller than Uber, the giant of the ride-hailing space.
Here are some of the major players who are changing the way we get from Point A to Point B.
UBER:
Locations: Based in San Francisco. Operates in more than 300 cities and 58 countries around the world.
Funding: More than $10 billion from traditional venture investors, institutional lenders and tech giants like Google, Microsoft and China’s Baidu, which see value both in its fast-growing ride business and its accumulated data on traffic and rider habits. It’s reportedly seeking additional investors at a valuation of $62.5 billion.
Technology: Has its own mapping software, working on autonomous driving systems; also has customer-loyalty partnerships with hotel chains.
Profile: The 800-pound gorilla of on-demand ride-hailing services, Uber has a reputation for treating local regulators and competing cab companies as minor potholes to steer around or roll over…
Here are some of the major players who are changing the way we get from Point A to Point B.
UBER:
Locations: Based in San Francisco. Operates in more than 300 cities and 58 countries around the world.
Funding: More than $10 billion from traditional venture investors, institutional lenders and tech giants like Google, Microsoft and China’s Baidu, which see value both in its fast-growing ride business and its accumulated data on traffic and rider habits. It’s reportedly seeking additional investors at a valuation of $62.5 billion.
Technology: Has its own mapping software, working on autonomous driving systems; also has customer-loyalty partnerships with hotel chains.
Profile: The 800-pound gorilla of on-demand ride-hailing services, Uber has a reputation for treating local regulators and competing cab companies as minor potholes to steer around or roll over…
Business Highlights
– canadianbusiness.com
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Factory slumps in US and China heighten global economy fears
WASHINGTON (AP) — Fears escalated Monday that the global economy could struggle more than expected this year — a prospect that contributed to a plunge in financial markets.
The anxiety was heightened by reports that manufacturers extended their slumps last month in the United States and China, the world’s two largest economies. Factory activity contracted for a second straight month in the United States and for a 10th straight month in China.
Chinese stocks fell 7 per cent before trading was halted. The Dow Jones industrial average ended down 1.6 per cent, its biggest loss in two weeks. Markets in Asia and Europe were down more.
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US sues VW over emissions-cheating software in diesel cars
WASHINGTON (AP) — The Justice Department sued Volkswagen on Monday over emissions-cheating software found in nearly 600,000 vehicles sold in the United States, potentially exposing the company to billions in fines for clean air violations…
Factory slumps in US and China heighten global economy fears
WASHINGTON (AP) — Fears escalated Monday that the global economy could struggle more than expected this year — a prospect that contributed to a plunge in financial markets.
The anxiety was heightened by reports that manufacturers extended their slumps last month in the United States and China, the world’s two largest economies. Factory activity contracted for a second straight month in the United States and for a 10th straight month in China.
Chinese stocks fell 7 per cent before trading was halted. The Dow Jones industrial average ended down 1.6 per cent, its biggest loss in two weeks. Markets in Asia and Europe were down more.
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US sues VW over emissions-cheating software in diesel cars
WASHINGTON (AP) — The Justice Department sued Volkswagen on Monday over emissions-cheating software found in nearly 600,000 vehicles sold in the United States, potentially exposing the company to billions in fines for clean air violations…
CBC.caDow Jones and TSX slump after China halts trading due to huge diveCBC.caStock markets in Toronto and New York were sharply lower today after Chinese stocks plunged by more than seven per cent, triggering an automatic shutdown of trading in China. The Dow Jones industrial average closed down about two per cent or 276 …Markets sharply lower to start 2016; bad news out of China sparks sell-offCTV NewsThe close: China sell-off sparks gloomy 2016 start for TSX, DowThe Globe and MailGlobal Stocks Sink on China, U.S. Growth ConcernsBloombergWall Street Journal -Miami Herald -WKBW-TVall 1,786 news articles »
