Michael Burry said he expects the US to slump into recession in 2023 and inflation to spike again. The “Big Short” investor predicted inflation would decline overall in 2023 as the economy weakened. The Fed and US government would respond with stimulatory policy, causing inflation to jump again, he said. Loading Something is loading. Thanks… Continue reading ‘Big Short’ investor Michael Burry predicts a US recession in 2023 and another inflation spike
Putin faces a tough 2023 for Russian oil as the West’s ban and price cap take hold. These 3 experts assess whether the measures will work — and what it means for crude prices.
Oil markets may face headwinds in 2023 as fresh Western sanctions and a price cap on Russian oil come into effect. Analysts expect a slump in Russian crude output to squeeze global supplies, putting upward pressure on oil prices. Demand from China is expected to pick up as zero-COVID restrictions ease, adding to the tightness… Continue reading Putin faces a tough 2023 for Russian oil as the West’s ban and price cap take hold. These 3 experts assess whether the measures will work — and what it means for crude prices.
11 tax changes and new rules that will affect your finances in 2023
Jamie Golombek: Many important tax figures have been substantially increased for 2023 Published Dec 29, 2022 • Last updated 4 days ago • 5 minute read 65 Comments The Canada Revenue Agency headquarters’ Connaught Building in Ottawa. Photo by Sean Kilpatrick/The Canadian Press files Given the high inflation we experienced in 2022, many of the important… Continue reading 11 tax changes and new rules that will affect your finances in 2023
Kevin Carmichael: Tiff Macklem made some mistakes, but at least he’s not hiding from them
Bank of Canada governor has ensured no critique goes unanswered for long Published Dec 29, 2022 • Last updated 4 days ago • 5 minute read 13 Comments A sign for the Bank of Canada in Ottawa. Photo by Justin Tang/Bloomberg Not everyone is angry at Tiff Macklem. Advertisement 2 This advertisement has not loaded yet,… Continue reading Kevin Carmichael: Tiff Macklem made some mistakes, but at least he’s not hiding from them
‘I refuse to apologize for our success’: Behind Michael Medline’s fierce defence of profitable grocers
Grocers aren’t ripping you off, Medline says, as industry faces government probe into whether profits are driving inflation Empire chief executive Michael Medline at the company’s headquarters in October. Photo by Peter J. Thompson/National Post Michael Medline was adamant: The big grocers didn’t rip you off this year. Advertisement 2 This advertisement has not loaded… Continue reading ‘I refuse to apologize for our success’: Behind Michael Medline’s fierce defence of profitable grocers
Sam Bankman-Fried is expected to plead not guilty in the FTX fraud case – and prosecutors won’t be lenient
Sam Bankman-Fried is expected to enter a plea of not guilty in his fraud case on Tuesday. The disgraced FTX founder is accused of defrauding investors and is facing eight criminal charges. A former federal prosecutor weighs in on why Bankman-Fried won’t just get a slap on the wrist. Loading Something is loading. Thanks for… Continue reading Sam Bankman-Fried is expected to plead not guilty in the FTX fraud case – and prosecutors won’t be lenient
Tesla could still fall more than 60% if it’s valued as a traditional automaker like Ford or General Motors, CIO says
Tesla is valued about eight times more than Ford and General Motors, even though it makes far fewer cars. Greenwich Capital CIO Vahan Janjigian told CNBC that Tesla would plummet if it’s valued like a traditional automaker. Tesla saw its worst annual decline on record in 2022, falling more than 60% as investors grew weary… Continue reading Tesla could still fall more than 60% if it’s valued as a traditional automaker like Ford or General Motors, CIO says
North Korean hackers are posing as VC firms to steal crypto – and a blockchain expert says 2023 could bring more cyberattacks than ever
North Korea’s infamous Lazarus Group is mimicking venture capital firms and banks to steal cryptocurrencies, according to Kaspersky. The state-sponsored cybercrime group is creating domains that present themselves as well-known Japanese, US and Vietnamese companies. Lazarus was behind the $625 million Axie Infinity hack in April. Loading Something is loading. Thanks for signing up! Access your… Continue reading North Korean hackers are posing as VC firms to steal crypto – and a blockchain expert says 2023 could bring more cyberattacks than ever
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