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Finance News — Page 120
Who’s afraid of the big, bad bull market?
Toronto financial planner Anita Bruinsma argues Canadian investors should stop dreading a market correction, noting that even a 20% decline would still leave three-year returns well above long-term av
Tech worker, 37, earning $166,000 has a Toronto condo that’s dropped in value
A 37-year-old Toronto tech product manager earning $166,000 has stacked $515,000 in tax-sheltered savings but watches his condo lose value while worrying that tech's age ceiling will derail his early-
Bitcoin investors pour $853 million into spot ETFs. BlackRock’s IBIT claims the bulk
U.S. spot Bitcoin ETFs pulled in $853.54 million in the week ended Aug. 7 — the strongest weekly inflow since mid-April — with BlackRock's IBIT capturing $693 million of the total.
28 International Fund Schemes Halt Existing SIPs Over RBI Cap
Twenty-eight international mutual fund schemes in India have stopped accepting existing SIP instalments as RBI's $7 billion overseas investment ceiling, frozen since early 2022, forces fund houses to
Abel puts a big chunk of Berkshire's cash to work
Greg Abel, in his second quarter as Berkshire Hathaway CEO, broke from the Buffett-era cash-hoarding playbook with $4.5 billion in share buybacks and the company's first net equity buying in 14 quarte
Elon Musk Faces Pressure as SpaceX Valuation Falls to IPO Price
SpaceX's valuation has pulled back toward its IPO price after a massive $327 billion rally, leaving Elon Musk under pressure to sustain investor confidence beyond the initial excitement of the listing
Trump Crypto Took $100 Million From a Businessman With Red Flags - nytimes.com
Trump's family crypto business accepted $100 million from a businessman described in reporting as carrying red flags and a suspected money-laundering profile, with Trump’s sons reportedly profiting fr
Thakkar: Range-Bound Equity Markets Are Normal
PPFAS CIO Rajeev Thakkar told unitholders the two-year range-bound equity market is not unusual and the return outlook is improving, as cash in the Parag Parikh Flexi Cap Fund fell from a 25% peak to
Warren Buffett's successor is finally spending the huge cash pile he built at Berkshire Hathaway - Business Insider
Greg Abel, Warren Buffett's successor at Berkshire Hathaway, has begun deploying the company's enormous cash hoard, including a reported $10 billion purchase of Alphabet stock.
Senate Advances Crypto Bill Despite Lobby Objections
The US Senate advanced the Clarity Act crypto bill before its August recess, though competing reports show the legislation stalling despite a $225 million industry lobbying push and public objections
Berkshire Operating Earnings Rise 16% in Second Quarter. Buybacks Hit $4.5 Billion. - Barron's
Berkshire Hathaway's operating earnings rose 16% in the second quarter with $4.5 billion in buybacks, as new CEO Greg Abel began deploying the company's massive cash stockpile.
Wendy's Closes 28 Restaurants, Slashes Dividend
Wendy's is closing 28 restaurants with hundreds more on the way, withdrawing its financial outlook and slashing its dividend as a turnaround under new leadership struggles against what the CEO calls '
Senate Keeps Clarity Act Alive With Crypto Bill Vote Set for September
The Senate took its first formal step toward voting on the Clarity Act, with leadership filing a motion to proceed that locks in a September 15 procedural vote on the crypto market-structure bill.
Brazil's central bank orders exchanges to delay large crypto transfers abroad
Brazil's central bank will require crypto exchanges to delay customer transfers to foreign platforms and self-custody wallets for up to 24 hours as part of new anti-fraud rules taking effect January 1
CLO ETFs Gain Traction Amid Fed Rate Uncertainty
VettaFi research head Todd Rosenbluth says CLO ETFs are gaining momentum as investors seek short-term floating-rate exposure while awaiting clarity on the Federal Reserve's next interest-rate move, wi
US Cuts 23,000 Jobs; Mortgage Rates Rise Again
US employers unexpectedly shed 23,000 jobs while mortgage rates climbed again, a surprise downturn that sent markets rallying and left outlets calling the economic picture 'confounding.'
AI Rebound Lifts S&P, Dow to Records on Weak Jobs Report
AI stocks staged a sharp rebound this week, pushing the S&P 500, Dow, and Nasdaq to record highs, fueled by a surprisingly weak July jobs report that eased fears of a September rate hike.
The 24 hours that could change Canada’s economic trajectory
Canada is hosting its inaugural Investment Summit in Toronto on Sept. 14-15, drawing roughly 250 executives from nearly 100 global investment organizations managing about $120-trillion, as PM Mark Car
Canadian economy adds 75,100 jobs in July, U.S. sheds 23,000 positions
The Canadian economy added 75,100 net jobs in July—nearly four times what economists expected—while the U.S. unexpectedly shed 23,000 positions, sharpening the labor-market divergence between the two
Trump Media Scraps CRO Treasury Deal With Crypto.com
Trump Media and Crypto.com scrapped their planned CRO token accumulation venture and a related ETF servicing deal, pivoting Trump Media back to core media and its pending fusion-energy merger as the d
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