Category: News
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Investors’ pessimism lessens as economic data leans in favor of rate cuts
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Investors’ pessimism about the short-term outlook for the stock market eased this week, as recent economic data boosted hopes for interest rate cuts. A total of 26.1% of respondents to the American Association of Individual Investors, or AAII, survey, He said Investors believe the market will head lower in the…
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Civics are becoming a 21st-century business skill
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The Fourth of July is a day filled with food, celebrations, and fireworks in the United States, as our nation celebrates the passage of the Declaration of Independence in 1776. But this day celebrates something else, too. Our celebration of Independence Day is an opportunity to reflect on our country,…
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Developing an effective corporate hedging policy
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To expand Last week’s article On hedging, today I highlight why some non-financial companies (i.e., commodity exporters and importers) need to develop a corporate hedging policy. As more and more companies suffer the consequences of not hedging, having such a policy in place is vital. I will highlight the three…
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Dragons’ Den star Peter Jones’ camera chain Jessops faces closure over unpaid taxes
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Jessops, the 89-year-old camera retailer owned by Dragons’ Den star Peter Jones, is on the verge of closure after HMRC issued a winding-up petition for the company over non-payment of taxes. The development marks a critical turning point for the struggling retailer, which has entered administration three times in the…
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Lenders in holding pattern while everyone awaits spate of new data
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Article Content Government bond yields, which are driven by fixed mortgage rates, have risen 33 basis points in just a few weeks. Yet Canada’s most competitive mortgage lenders still have enough profit margins to justify lower fixed rates. In the past week alone, we’ve seen the five most popular fixed…
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Bribery case against Shikun & Binui closed, subsidiaries penalized
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The Tax and Economic Prosecutor’s Office has closed a bribery case against Shikun & Binui (TASE: SKBN), a real estate and infrastructure developer. Meanwhile, an indictment was filed today against Shikun & Binui’s subsidiary SBI Infrastructure, as part of a plea deal, charging the company with conspiracy to commit a…
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Canadian General Investments: Investment Update
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TORONTO, Canada, July 4, 2024 (GLOBE NEWSWIRE) — Canadian General Investments Limited (CGI) (TSX: CGI) (LSE: CGI) announced today that its net asset value (NAV) per share as of June 30, 2024 was $62.50, resulting in year-to-date and trailing 12-month NAV returns, including dividends reinvested, of 13.3% and 14.2%, respectively.…
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Better Artificial Intelligence Stock: Nvidia vs. SoundHound
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both of them SoundHound (NASDAQ: SON) And Nvidia (NASDAQ: NVDA) Two companies are directly benefiting from AI. One is making the chips needed to make the future of AI possible. The other has developed its own AI platform that can power everything from cars to drive-thru windows. if you want…
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AI boom pushes four S&P 500 communication stocks to an all-time high in 2024
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hxdbzxy/iStock via Getty Images The S&P 500’s communications services sector has seen strong growth this year, driven by positive earnings and enthusiasm for the promise of artificial intelligence. The Communications Services sector (SP500-50) emerged as the second-best performing sector among the 11 S&P 500 sectors, posting gains 26% In the…
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Elon Musk’s Tesla recoups all its year-to-date losses
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Tesla’s boldness is back. A few months ago, Elon Musk’s company was the butt of every Wall Street joke, a growth stock that, as Wells Fargo put it, wasn’t growing. Pundits began to wonder why anyone still included it among the “magnificent seven” companies after Tesla ranked behind all 499…
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Why only banks recorded growth in 2024 quarter 1
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Only the banking sector recorded faster growth in the first quarter of 2024, reflecting the huge profits that lenders made from the high interest rates they charged and increased borrowing by cash-strapped companies. Data from the Kenya National Bureau of Statistics shows that all other economic sectors recorded slower growth…
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First GST/HST credit payment coming July 5
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Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. Article Content OTTAWA — The first of four payments of the GST/Harmonized Goods and Services Tax Credit is scheduled to arrive in Canadians’ bank accounts on…
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Average wage in Israel remains high
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The average wage in the Israeli economy remains at record levels. In April 2024, the average wage in Israel was NIS 13,506, up 7.3% from April 2023, according to the Central Bureau of Statistics. However, there is a significant decrease from March 2023, when the average wage was NIS 14,000,…
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ForexLive European FX news wrap: Dollar sluggish with US holiday hanging over markets
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headlines: Markets: Japanese Yen Advances, US Dollar Lags During the Day European stocks rise; CAC 40 up 0.8% Gold rises 0.1% to $2,358.40 West Texas Intermediate crude fell 0.8% to $83.17. Bitcoin down 3.1% to $57,667 Being a holiday in the US, there wasn’t much for traders to work with…
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CGI acquires Celero’s business serving credit union clients across Canada By Investing.com
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Stock market symbolsGIBA (TSX)GIP (New York Stock Exchange)cgi.com/newsroom Acquisition expands CGI’s managed services offerings to more than 90 credit unions nationwide Montreal, July 4, 2024 CGI Corporation (TOKYO:GIB.A) (NYSE:GIB) today announced the acquisition of the credit union business of Celro, which serves customers throughout CanadaThis transaction consists of key service…
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European Stocks Advance With Elections in Focus: Markets Wrap
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(Bloomberg) — European stocks rose as key elections took center stage and investors grew more optimistic about the viability of a Federal Reserve rate cut after U.S. economic data bolstered the case for easing. Most Read from Bloomberg France’s benchmark CAC 40 index rose for a second day in a…
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Microsoft to pay $14.4M to resolve leave discrimination claims in California (NASDAQ:MSFT)
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The California Department of Civil Rights has reached a $14.4 million settlement with Microsoft (NASDAQ:MSFT) to resolve allegations of discrimination in compensation related to the use of leave protected under state and federal civil rights laws, the agency said Wednesday. In a complaint filed By the agency against Microsoft (Microsoft),…
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Microsoft to pay $14.4M to resolve leave discrimination claims in California (NASDAQ:MSFT)
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The California Department of Civil Rights has reached a $14.4 million settlement with Microsoft (NASDAQ:MSFT) to resolve allegations of discrimination in compensation related to the use of leave protected under state and federal civil rights laws, the agency said Wednesday. In a complaint filed By the agency against Microsoft (Microsoft),…
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TSA braces for record July 4th weekend with over 3 million travelers taking to the skies
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Nicole Lindsay thought she could beat Peak travel on weekends By booking an early morning flight, but it didn’t work out that way. “I thought it wouldn’t be that busy, but it turned out to be very busy,” said the Baltimore resident as she took her three daughters through Palm…
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Board orders university to re-evaluate insurance tender
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The Administrative Public Procurement Review Committee has ordered Jaramogi Oginga Odinga University to re-evaluate a tender for the provision of group life insurance, work injury benefits and personal accident cover. This came after the board of directors cancelled the award to Kenya Alliance Insurance Limited and Zamara Risk Insurance Brokers…