GameStop stock jumped 10% on Thursday despite the game retailer’s third-quarter earnings miss. The meme-stock favorite’s CEO said that the company is considering acquisitions. CEO Matt Furlong said GameStop is eyeing potential acquisitions in a mission to “accomplish something unprecedented in the retail sector.” Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading GameStop jumps 10% despite 3rd-quarter earnings miss as CEO says the meme-stock favorite will consider acquisitions
Developing world facing $2.5 trillion debt shock
‘A generalized debt crisis could materialize’ Author of the article: Bloomberg News Antony Sguazzin Publishing date: Dec 07, 2022 • 14 hours ago • 2 minute read Join the conversation The street market of Sonsonate in El Salvador. Photo by Gordon Beck/Montreal Gazette files Developing nations may need to find as much as $2.5 trillion over… Continue reading Developing world facing $2.5 trillion debt shock
Tired of mutual funds, ETFs? Build-your-own-index boom could hit $825 billion in four years
Direct indexing essentially allows investors to cherry-pick which stocks to buy in a benchmark index Author of the article: Bloomberg News Katie Greifeld Publishing date: Dec 07, 2022 • 16 hours ago • 2 minute read Join the conversation A monitor displays S&P 500 market data in front of the New York Stock Exchange. Photo by… Continue reading Tired of mutual funds, ETFs? Build-your-own-index boom could hit $825 billion in four years
Bank of Canada hikes interest rate by 50 basis points to 4.25%
Kevin Carmichael: Shift in language suggests next decision will be based on data, not a predetermined path Publishing date: Dec 07, 2022 • 15 hours ago • 3 minute read 23 Comments Bank of Canada governor Tiff Macklem announced the rate decision today. Photo by REUTERS/Patrick Doyle The Bank of Canada might be finished raising interest… Continue reading Bank of Canada hikes interest rate by 50 basis points to 4.25%
Wall Street chorus grows louder warning that 2023 will be ugly
Next year’s outlook for the U.S. economy and stocks looks grim Author of the article: Bloomberg News Isabelle Lee and Norah Mulinda Publishing date: Dec 07, 2022 • 19 hours ago • 3 minute read Join the conversation Traders work on the floor of the New York Stock Exchange on Dec. 6. Photo by Michael M.… Continue reading Wall Street chorus grows louder warning that 2023 will be ugly
Buying your first car in Canada? Simple steps and tips for newcomers
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Where Is the Economy Heading? Velocity of Money Provides Clues
I often get asked my thoughts on where the economy is heading, and sadly, I don’t have a crystal ball, but I do have several gauges that I use to help determine the direction that the economy might be heading in. One of those gauges is the velocity of money. Velocity of money is the… Continue reading Where Is the Economy Heading? Velocity of Money Provides Clues
Stock Market Today: S&P 500 Extends Losing Streak
Stocks bounced back and forth between positive and negative territory for most of Wednesday before ending the day with yet another loss. With little in the way of economic data to react to, investors continued to fret over the Federal Reserve’s next steps as far as interest rates go. Also worrying Wall Street were recent… Continue reading Stock Market Today: S&P 500 Extends Losing Streak
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