44 minutes ago Nikkei 225 briefly hits its 33-year high, its highest level since May 1990 Japan’s Nikkei 225 briefly touched its 33-year high on Monday morning, while the benchmark Nikkei 225 hit a high of 33,848.98 intraday. This surpassed the previous high of 33,753 on March 7 and is the highest since May 1990. … [Read more…]
The Federal Reserve is leaving the key interest rate unchanged, but keeping open the possibility of a future increase The Federal Reserve is leaving the key interest rate unchanged, but keeping open the possibility of a future increase News this week that inflation fell more than expected in October reinforced the view that the Federal … [Read more…]
Class in: OffersTheme : Dividends/Discounts MONTRAL, Nov. 16, 2023 /CNW/ – The Bank of Montreal (the Bank) (TSX: BMO) (NYSE: BMO) today announced that none of its 16 million shares of Class B, Series 44 preferred stock will be subject to a rate adjustment every 5 years subject to and non-cumulative dividend (Emergency Capital for … [Read more…]
It could have been worse, and it’s not like Wall Street expected much anyway. In short, this is Target’s third-quarter earnings as of Wednesday morning. After nearly two years of brutal results due to execution errors, rising retail theft and increasingly cautious consumer sentiment, Target has crushed analysts’ lowered estimates for sales, margins and profit. … [Read more…]
Unlock Editor’s Digest for free Roula Khalaf, editor of the FT, picks her favorite stories in this weekly newsletter. The European Central Bank will not start cutting interest rates at least “in the next few quarters,” said its President Christine Lagarde. Lagarde told the Financial Times’ Global Boardroom conference on Friday that inflation in the … [Read more…]
Financial markets will “take off” once investors are confident the Federal Reserve has completed raising interest rates, outgoing Morgan Stanley CEO James Gorman predicted, offering an optimistic outlook for his successor. In a wide-ranging interview with the Financial Times a few days before handing over the CEO job to Morgan Stanley co-president Ted Pick, Gorman … [Read more…]
House for sale with real estate sign “For sale” in the garden in spring or summer. No people. Fstop123 | E+ | Getty Images According to the Mortgage Bankers Association’s seasonally adjusted index, mortgage demand fell last week compared to the previous week, even as interest rates continued to fall. The average contract interest rate … [Read more…]
Security gate in front of the Tesla Motors Gigafactory site east of Reno, Nevada. David Calvert | The Washington Post | Getty Images Tesla has informed workers at its Sparks, Nevada, battery factory that some hourly wage workers there will receive pay increases of about 10% starting in early January 2024. According to internal materials … [Read more…]
WATCH: Teacher’s TikTok series showcases the reality of traveling as a plus-sized human For decades, Southwest Airlines has helped plus-size passengers fly comfortably by offering additional, complimentary space. But after a now-viral video showed the policy being implemented, some travelers took to social media to criticize the airline. The Dallas-based airline has a “customer of … [Read more…]
Canadian consumers, hit hard by eight interest rate hikes in 18 months, are spending more than 9% of their disposable income just on paying interest costs – an all-time record. • Also read: Cost of living: 30% of Canadians plan to reduce their expenses in 2024 • Also read: ‘They forced us to close’: Unable … [Read more…]