Daily News

Source: Financialpost May 24, 2024

London Drugs 'unwilling and unable' to pay hackers' ransom after breach

The retailer closed all 79 of its stores on April 28 and did not fully reopen until May 7RICHMOND, B.C. — Retailer London Drugs Ltd. says it is “unwilling and unable” to pay a multimillion-dollar ransom to cybercriminals who claim to have stolen data in a ha...

Source: Financialpost May 24, 2024

How one of the world's oldest hedge funds went bankrupt

Weiss Multi-Strategy Advisers LLC’s collapse leaves some staff standing to lose more than US$1 million in deferred compensationThe order came down from George Weiss, hedge-fund pioneer: Sell. Sell it all. We apologize, but this video has failed to loa...

Source: Financialpost May 24, 2024

Capital gains tax hike looms: should you crystallize now?

Jamie Golombek has strategies for investors, cottage owners and corporations before the inclusion rate goes up June 25Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases...

Source: Financialpost May 24, 2024

Bond market says interest rate cut by July is pretty much a lock

Robert McLister: Two noteworthy shifts on mortgage battlefield this week, with two key rates fallingCanada’s latest rate-friendly inflation report has markets once again thinking there’s a chance the Bank of Canada will start rolling back rates on June 5....

Source: BNN Bloomberg May 23, 2024

Markets today: Wall Street coasts around its records as quiet trading continues

U.S. stock indexes are drifting around their records Wednesday, continuing a dayslong run of quiet trading. The S&P 500 was virtually unchanged in morning trading, a day after setting its latest all-time high. The Dow Jones Industrial Average was also basi...

Canada Source: BNN Bloomberg May 23, 2024

CPP Investments earned 8.0% net return in latest fiscal year

Canada's biggest pension fund earned an eight per cent return last year, but significantly underperformed the 19.9 per cent return of its reference portfolio.   The lower return for the Canada Pension Plan Investment Board in its fiscal year ending March 3...

Market Call Source: BNN Bloomberg May 23, 2024

Kim Bolton's Top Picks: May 22, 2024

Kim Bolton, president and portfolio manager of Black Swan Dexteritas FOCUS: Technology stocks  MARKET OUTLOOK: Stock markets fell almost five per cent from an early April peak as questions were raised about the proximity of the start of the easing...

Source: BNN Bloomberg May 23, 2024

Nvidia forecast shatters estimates as AI boom stays strong

Nvidia Corp., the chipmaker at the center of an artificial intelligence boom, gave another bullish sales forecast, showing that spending on AI computing remains strong. Second-quarter revenue will be about US$28 billion, the company said Wednesday. Analyst...

Source: BNN Bloomberg May 23, 2024

Nvidia is the final hurdle for mega tech's earnings victory lap

A surprisingly strong earnings season for big tech reaches its grand finale Wednesday afternoon when Nvidia Corp., the artificial intelligence chipmaking giant, reports its results and gives a much anticipated outlook that could set the tone for the second ha...

Source: BNN Bloomberg May 23, 2024

Nvidia to release earnings as AI demand continues unabated

A surprisingly strong earnings season for big tech reaches its grand finale Wednesday afternoon when Nvidia Corp., the artificial intelligence chipmaking giant, reports its results and gives a much anticipated outlook that could set the tone for the second ha...