U.S. stocks held lower in choppy trade Tuesday after weaker-than-expected Chinese trade data renewed concerns about global growth. The Dow Jones industrial average traded about 100 points lower. Earlier, the index briefly fell more than 150 points in mid-morning trade, with Caterpillar (CAT) and Goldman Sachs (GS) the greatest contributor […]
Last week US stock markets tumbled yet again, leaving the Dow Jones index down almost 1500 points for the year. In fact,...
A strong rebound in oil prices and an encouraging report on U.S. retail sales helped lift North American stock markets...
Stocks (^DJI, ^GSPC, ^IXIC) getting pummeled on concerns about European financial firms and falling oil (OIL) prices. To...
An overnight drop in stock prices in Asia and Europe provides a dismal backdrop for the first trading day of 2016. The Dow Jones futures were down 287 points at 17,054.0, the S&P 500 futures declined 32.4 points to 2,003.0 and the Nasdaq futures fell 89.0 points to 4,498.8 shortly […]Read more ›
A Federal Reserve proposal on Friday would give large banks another buffer, designed to reduce the “too big to fail” perception of big institutions. Banks will need a debt and a capital cushion equal to 16 percent of risk-weighted assets by 2019 and 18 percent by 2022. The Fed’s rule […]Read more ›
Peter Hancock may have met his hardest challenge yet. Since Hancock took over as chief executive officer of American International Group Inc. last year, Warren Buffett’s Berkshire Hathaway Inc.’s new commercial insurer raided AIG for talent. The integration of two AIG Japan units stalled. And Hancock coped with what he […]Read more ›
It was another blockbuster week for tech companies, jam-packed with products, events, acquisitions and more although Alphabet GOOGL, Microsoft MSFT, Amazon AMZN, Facebook FB and EMC Corp. EMC likely had the biggest announcements. Google Belongs to Alphabet Now Google completed a complicated restructuring to give effect to a simple change. […]Read more ›
The 500 largest American companies hold more than $2.1 trillion in accumulated profits offshore to avoid U.S. taxes and would collectively owe an estimated $620 billion in U.S. taxes if they repatriated the funds, according to a study released on Tuesday. The study, by two left-leaning non-profit groups, found that […]Read more ›
Today TELUS announced a $1 billion fibre optic infrastructure upgrade that will supply B.C. with the world’s fastest wireless technology, “connecting Vancouver’s citizens to the fastest and most reliable internet services available anywhere.” “Our’s is an investment that will be felt for generations to come with speeds of 150mb per […]Read more ›