The recent bank chaos has opened the door to buying solid bank stocks at a discount, CFRA said. East West Bancorp and Citizens Financial made its list of stocks investors should look at. Regional banks with strong deposit balances and have high percentages of insured deposits are solid bets. Loading Something is loading. Thanks for… Continue reading The SVB crisis has opened up a window to buy ‘great banks at a severe discount’ after a panic-induced sell-off, CFRA says
US stocks climb as investors shake off bank concerns ahead of new economic data
Matthew Fox Drew Angerer/Getty Images US stocks surged on Wednesday as fears of systemic risk in the US banking system receded.The tech sector led stocks higher as interest rates remained relatively subdued.Investors are awaiting a new set of economic data with jobless claims on Thursday and PCE on Friday. Loading Something is loading. Thanks for… Continue reading US stocks climb as investors shake off bank concerns ahead of new economic data
Tesla has seen $200 billion added to its market cap in 2023, marking the strongest start to the year in its history
Tesla has gained over $200 billion in market value during in the first three months of the year. The EV company’s stock enjoyed its best weekly performance in history in January. Tesla’s strong quarter started on a rally in the tech sector and the company’s cost-saving efforts. Loading Something is loading. Thanks for signing up!… Continue reading Tesla has seen $200 billion added to its market cap in 2023, marking the strongest start to the year in its history
ChatGPT could revolutionize portfolio management but is more of a ‘copilot’ than a ‘prophet’ for investors, study says
ChatGPT can be a helpful assistant in the investment process, a study has found. This means AI could be used as a “copilot” for investors, researchers in South Korea said. However, ChatGPT is not a market predictor and should not be used like a “prophet.” Loading Something is loading. Thanks for signing up! Access your… Continue reading ChatGPT could revolutionize portfolio management but is more of a ‘copilot’ than a ‘prophet’ for investors, study says
Silicon Valley Bank stock just reopened for trading and it’s seeing some wild swings after plunging to as low as a penny
After being halted for more than two weeks, shares of Silicon Valley Bank reopened for trading.The stock fell to as low as a penny on Tuesday, and has since rallied more than 9,000% to nearly a dollar.Silicon Valley Bank trades under the ticker symbol “SIVBQ” and is in the process of being acquired. Loading Something… Continue reading Silicon Valley Bank stock just reopened for trading and it’s seeing some wild swings after plunging to as low as a penny
What the federal budget means to your pocketbook
Jamie Golombek runs through the tax measures that directly affect Canadians’ wallets Published Mar 28, 2023 • Last updated 9 hours ago • < 1 minute read How the Federal Budget might affect your personal finances. Photo by Postmedia Jamie Golombek, managing director for tax and estate planning with CIBC, runs through the tax and tax… Continue reading What the federal budget means to your pocketbook
Alternative minimum tax changes will make it harder for high-income earners to avoid paying taxes
Jamie Golombek: Changes include broadening the AMT base by further limiting exemptions, deductions and credits Published Mar 28, 2023 • Last updated 9 hours ago • 4 minute read Amendments to the AMT are expected to generate an estimated $3 billion in revenues over five years. Photo by Brent Lewin/Bloomberg The federal government has followed through… Continue reading Alternative minimum tax changes will make it harder for high-income earners to avoid paying taxes
CRA grants reprieve for late filing of underused housing tax return
As long as return is filed or payable paid by Oct. 31, late penalties and interest will be waived Published Mar 28, 2023 • Last updated 13 hours ago • 1 minute read A person walks by a row of houses in Toronto Photo by Cole Burston/The Canadian Press The Canada Revenue Agency has waived penalties… Continue reading CRA grants reprieve for late filing of underused housing tax return
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