U.S. retail sales unexpectedly drop in May as inflation weighs on spending
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SOURCE Deputy Prime Minister's Office
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Adani, India's fastest-growing diversified business portfolio, and energy supermajor TotalEnergies of France, have entered into a new partnership to jointly create the world's largest green hydrogen ecosystem. In this strategic alliance, TotalEnergies will acquire 25% minority interest in Adani New Industries Ltd (ANIL) from Adani Enterprises Ltd (AEL).
Canada's most popular short-term bond ETFs go head to head. The post VSB vs. VSC vs. ZFS: Which Short-Term Bond ETF Is the Better Buy for Canadians? appeared first on The Motley Fool Canada.
In the next Lotto Max draw, slated for Friday, June 17, the prize pool will amount to $61 million and include a $55 million jackpot and an estimated 6 Maxmillions.
The prince who's the international face of Saudi business may no longer be able to call all the shots. For years, Prince Alwaleed bin Talal, Saudi Arabia's self-styled Warren Buffett, has made hundreds of millions of dollars by investing in companies from Citigroup to Uber to Twitter with almost complete autonomy. Now, his Kingdom Holding investment firm counts Saudi Arabia's Public Investment Fund (PIF) as a minority shareholder and the powerful sovereign wealth fund is unlikely to sit on the sidelines, sources familiar with the matter said.
Shut out of the bond market and spurned by banks, a growing number of cash-starved Chinese local government financing units are tapping a loosely regulated funding channel to directly court yield-hungry retail investors. Over recent years China has embarked on a deleveraging campaign to reduce systemic risks after Local Government Financing Vehicles (LGFVs) accumulated trillions of dollars worth of debt since the 2008 financial crisis. Last year, Beijing further tightened the screws on lending to LGFVs, which are investment companies that build infrastructure projects on behalf of local governments.
Enbridge (TSX:ENB)(NYSE:ENB) is a passive-income stock that many new TFSA investors may wish to consider to better prepare for a stagflationary environment. The post TFSA Investors: Enbridge Stock Could Fare Well if Stagflation Hits appeared first on The Motley Fool Canada.
Today, Little Kitchen Academy (LKA), the key ingredient for an independent child and the first-of-its-kind, Montessori-inspired cooking academy for kids ages three through teen, announced the launch of their podcast, Meet Me In The Kitchen, hosted by renowned broadcaster, Scott Rintoul. The podcast was inspired by Little Kitchen Academy and the purpose-driven and passionate individuals involved with the brand who are changing lives from scratch, one child at a time. Three episodes were released
(Reuters) -Warren Buffett on Tuesday donated about $4 billion to the Bill & Melinda Gates Foundation Trust and four family charities, part of the billionaire's pledge to give away nearly all of his net worth. Berkshire Hathaway Inc, which Buffett has run since 1965, said the donation comprises about 14.4 million of its Class B shares, whose closing price on Tuesday was $277.64. Eleven million shares will go to the Bill & Melinda Gates Foundation, and 1.1 million will go to the Susan Thompson Buffett Foundation, named for Buffett's late first wife.
ABOARD AIR FORCE ONE (Reuters) -The White House is discussing possible changes to some "irresponsible" tariffs imposed on Chinese goods by former President Donald Trump that raised costs on U.S. families and businesses, press secretary Karine Jean-Pierre said on Tuesday. She said internal discussions were continuing, but gave no details on President Joe Biden's thinking about possible tariff reductions - a move experts say could contribute to the administration's urgent efforts to combat inflation. Trump imposed tariffs of up to 25% on hundreds of billions of dollars worth of Chinese imports, including many consumer goods from bicycles to Bluetooth devices and apparel.
Russian natural gas deliveries through a key pipeline to Europe will drop by around 40% this year, state-controlled energy giant Gazprom said Tuesday, after Canadian sanctions over the war in Ukraine prevented German partner Siemens Energy from delivering overhauled equipment. Germany's utility network agency said it did not see gas supplies as endangered and that reduced flows through the Nord Stream 1 pipeline under the Baltic Sea aligned with commercial behavior and Russia's previously announ
Fisker told a Deutsche Bank auto conference that the company had faced supply chain issues when it was testing and developing its Ocean SUV but made design changes to certain parts to use chips that were more widely available. Fisker said last week it had surpassed the 50,000 reservation mark for its Ocean SUV and its PEAR compact car had received over 3,200 pre-orders. The company's Ocean SUV will be manufactured by Magna International's Austrian unit, while the PEAR compact will be made by Foxconn at its newly acquired plant in Lordstown, Ohio.
Dollarama, whose stock is up 14% in 2022, shows its resilience in the face of unprecedented inflation and great recession risk. The post Dollarama Stock: Earnings Results Say Much About the Consumer in This Recession-Prone Economy appeared first on The Motley Fool Canada.
Should you buy at current levels or wait? The post 3 High-Growth TSX Stocks to Buy at Their 52-Week Lows appeared first on The Motley Fool Canada.
Shares in the Austin, Texas-based company, whose fourth-quarter revenue jumped 5%, rose about 12% in extended trade. "We believe that this revenue growth spike indicates that our infrastructure business has now entered a hyper-growth phase," Oracle Chief Executive Officer Safra Catz said in a statement. Oracle, which reported a currency headwind of 5% in the fourth quarter, up from 2% to 3% in the third quarter, said it expects substantial revenue growth in its cloud business, despite rising inflation and a stronger greenback.
Celsius Network, the retail crypto lending platform whose liquidity problems have sent cryptocurrencies plunging, stumbled on complex investments in the wholesale digital asset market in what analysts say was akin to a traditional bank run. In a video on Friday, the company's finance chief said Celsius, along with the industry, had seen redemptions rise following the collapse of cryptocurrency TerraUSD in May. Cryptocurrencies have since lost over $400 billion in value.
These top Canadian real estate stocks look cheap today. The post 2 Canadian Real Estate Stocks to Buy on a Pullback appeared first on The Motley Fool Canada.
The S&P 500 index, the most closely followed benchmark for U.S. equities on Wall Street, has slid this year as inflation jumped to its highest rate in 40-years. On Monday, a steep selloff triggered by fears that the Federal Reserve will raise interest rates at its meeting on Wednesday above prior expectations left the S&P 500 down more than 20% from its record high in January, confirming in the vernacular of many on Wall Street that it is in a bear market. WHAT IS A BULL AND A BEAR MARKET?
STOCKHOLM (Reuters) -IKEA said on Wednesday it would sell factories, close offices and reduce its nearly 28,000-strong workforce in Russia, the latest move by the world's biggest furniture brand to cut its operations there following Moscow's invasion of Ukraine. The move comes after IKEA temporarily closed stores and paused sourcing in Russia, joining a mass corporate exodus as Western companies rushed to comply with Western sanctions and amid threats the Kremlin would seize foreign assets. The Swedish company has continued paying employees and will do so until the end of August.
Four Canadian corporate leaders have been named Catalyst Honours Champions for 2022 by Catalyst. All have made transformational contributions to accelerating progress for women through workplace inclusion and represent the gold standard for inclusive leadership in corporate Canada.
WASHINGTON (Reuters) -The United States, Canada and other countries have established a new partnership aimed at securing the supply of critical minerals, which are essential for clean energy and other technologies, as global demand for them rises, the State Department said on Tuesday. Demand for the minerals, such as nickel, lithium and cobalt, is projected to expand significantly in the coming decades. Massive amounts of these minerals will be needed to meet the United States' emissions reduction goals, Jose Fernandez, under secretary for economic growth, energy and the environment at the State Department, said in a telephone interview.