Jeremy Siegel slammed the Fed for fanning inflation, and warned it may spark an avoidable recession. The Wharton professor told Insider that he expects the Fed to cut interest rates later this year. Siegel explained why some wage inflation is desirable, and sounded the alarm on the US money supply. Loading Something is loading. Thanks… Continue reading Wharton professor Jeremy Siegel breaks down why he blames the Fed for inflation — and warns the central bank now risks tanking the economy
AI updates from Microsoft are the ‘tip of the iceberg’ of the tech giant’s capabilities and the stock can drive up another 16%, says Jefferies
Microsoft stock could jump as its adds AI features to its Bing and Edge search products, Jefferies said. The firm raised its price target for the tech giant to $310 from $275 a share and reiterated its buy rating. Microsoft’s “new Bing” was created with OpenAI, the research lab behind the popular ChatGPT tool. Loading… Continue reading AI updates from Microsoft are the ‘tip of the iceberg’ of the tech giant’s capabilities and the stock can drive up another 16%, says Jefferies
Sam Bankman-Fried is appealing the judge’s decision to reveal the identities of 2 people who helped secure his $250 million bail package
Sam Bankman-Fried appealed a judge’s decision to release the names of his bail guarantors. Besides his parents, two as-yet-unidentified people cosigned the $250 million bail bond to get the FTX founder released from jail. Bankman-Fried’s attorneys argued the potential of physical threats were reasons to keep their identities sealed. Loading Something is loading. Thanks for… Continue reading Sam Bankman-Fried is appealing the judge’s decision to reveal the identities of 2 people who helped secure his $250 million bail package
Elon Musk Has a Huge Twitter Debt Bill
Will he pay or won’t he? This is the question everyone is asking currently regarding Elon Musk and the debt he contracted to buy Twitter. The billionaire and the microblogging platform must make the first interest payment on the $13 billion debt he took on to finance the $44 billion acquisition of the social network… Continue reading Elon Musk Has a Huge Twitter Debt Bill
Canadians now expect to need $1.7 million to retire, up 20% from 2020, BMO survey finds
Only 44% of Canadians are confident they will have enough Only 44 per cent of Canadians are confident they will have enough to retire as planned, the study said, a 10 per cent decrease from 2020. Photo by The Canadian Press Canadians believe they will need to save up $1.7 million to retire, up 20… Continue reading Canadians now expect to need $1.7 million to retire, up 20% from 2020, BMO survey finds
Edmonton’s Epcor could be last hope for Arizona suburb cut off from water supply
‘We have a weekly prayer group where we pray for rain and a water solution’ The community of Rio Verde Foothills in Arizona has been cut off from a water supply since the start of the year. Photo by New services Residents of an Arizona suburb are collecting rainwater to flush toilets and wash dishes… Continue reading Edmonton’s Epcor could be last hope for Arizona suburb cut off from water supply
Saskatchewan company greenlights Canada’s first large-scale geothermal power plant
A 25-megawatt facility should produce enough power for 25,000 households Deep Earth Energy Production Corp. plans a 25-megawatt geothermal power facility in southeast Saskatchewan. Photo by DEEP Earth Energy Production Corp. Saskatchewan’s Deep Earth Energy Production Corp. said it will begin construction this year on Canada’s first commercial-scale facility for producing electricity from geothermal heat,… Continue reading Saskatchewan company greenlights Canada’s first large-scale geothermal power plant
Bay Street thinks Macklem will cut rates to counter a recession in 2023: Bank of Canada survey
Survey suggests Macklem could struggle to convince investors he intends to leave borrowing costs at current levels Published Feb 06, 2023 • 3 minute read 9 Comments Bank of Canada Governor Tiff Macklem in Ottawa. Photo by Blair Gable/Reuters/File Photo Most of the biggest players on Bay Street think the Bank of Canada has stopped… Continue reading Bay Street thinks Macklem will cut rates to counter a recession in 2023: Bank of Canada survey
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