News
Canadian dollar hits 14-month low as core retail sales decline
1+ hour, 46+ min ago (370+ words) The Canadian dollar weakened to a 14-month low against "its U. S. "counterpart on Friday, weighed by recent oil price declines and after domestic retail sales data pointed to subdued underlying demand. The loonie was trading 0. 3 per cent lower at 1. 4180 per U. S. dollar,…...
Home sales rise in May, reverse mortgages hit the gas, the Home of the Week and more top real estate stories
5+ hour, 25+ min ago (505+ words) This week: The real estate market shows a promising sign, and controversial reverse mortgages explode in Canada. Plus, collapsing appliance stores leave customers in the lurch, and one property worth a look. Take our business and investing news quiz A…...
Kevin Warsh brings an old, stripped-down Fed style to an information-hungry world
6+ hour, 4+ min ago (505+ words) Kevin Warsh's first press conference as Fed chair, held on Wednesday, marked a return to 1990s-style central banking. Eric Lee/Reuters U. S. Federal Reserve Chairman Kevin Warsh put his stamp on the job fast this week at a debut policy meeting…...
President Donald Trump Expects Inflation to "Come Down Like a Rock" When the Iran War Ends -- but He and Wall Street Are in for a Surprise
9+ hour, 12+ min ago (597+ words) The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite are soaring -- and so is the U. S. inflation rate. President Trump believes the end of the Iran war will quickly reverse the inflationary effects of the largest energy supply disruption in…...
The Canadian dollar keeps on tumbling, hitting 14-month lows. There's one key reason why
21+ hour, 57+ min ago (423+ words) The Canadian dollar weakened "to a 14-month "low against its U. S. counterpart on Thursday after the Federal Reserve's hawkish shift a day ago led to a wider gap between U. S. and Canadian bond yields. The loonie was "trading 0. 3% lower at 1. 4135 per "U. S. dollar,…...
The Fed Just Made Its First Decision Under Kevin Warsh. Here's What It Means for Big Bank Stocks.
16+ hour, 20+ min ago (484+ words) Not too long ago, Wall Street was expecting the Federal Reserve to cut interest rates. New Federal Reserve Chairman Kevin Warsh had been a vocal supporter of rate cuts, but his first Fed meeting ended with no rate change. Steady…...
U. S. unemployment claims fell last week amid low layoffs
1+ day, 2+ hour ago (513+ words) The number of Americans filing claims for unemployment benefits fell last week, but remained at slightly higher levels, suggesting some moderation in the pace of job growth in June. Initial claims for state unemployment benefits dropped 4, 000 to a seasonally adjusted…...
Ambow Education Holding Ltd. (NYSE American: AMBO) Launches Hybri U" Partner Portal With 150-Plus Sales Partner Applicants, Opening an Uncapped Commission Program for Its AI-Powered Phygital Platform
3+ week, 1+ day ago (134+ words) Core capabilities of the Hybri U" Partner Portal include: The Hybri U" Partner Portal pays partners a performance-based commission on closed sales, with no upside cap. Unlike channel programs that limit earnings once a partner reaches a ceiling, the Hybri…...
U. S. Fed expected to hold interest rates steady at first meeting under Kevin Warsh
2+ day, 4+ hour ago (648+ words) U. S. Federal Reserve Chair Kevin Warsh at the White House on May 22. Warsh has said he dislikes forward guidance about monetary policy. Evelyn Hockstein/Reuters The Federal Reserve is expected to hold interest rates steady on Wednesday at the end of…...
Business Brief: Warsh faces the data " and Trump
2+ day, 7+ hour ago (852+ words) Energy: Oil prices plunged again after news that the U. S. and Iran had reached a yet-to-be-signed deal to end the war and reopen the Strait of Hormuz. Sports: CBC will no longer broadcast NHL hockey games, ending a 74-year run on…...