Other nations could see the same market turmoil that played out in the UK, ex-Treasury Secretary Larry Summers warned. He pointed to the risk of a “doom loop” created by unsustainable deficits and rapidly rising interest rates. “Things can change extraordinarily fast if you lose credibility,” Summers added. Loading Something is loading. Thanks for signing… Continue reading It would be a ‘real mistake’ to assume other countries will avoid UK-like turmoil, and the US must watch its fiscal issues, former Treasury Secretary Larry Summers says
Elon Musk could have to sell up to $10 billion in Tesla stock next week to get the ‘train wreck’ Twitter deal done, Wedbush says
Elon Musk could have to sell up to $10 billion in Tesla stock next week to complete his Twitter buyout, according to Dav Ives of Wedbush.”The more investors that bail on this deal is the more money that Musk needs to contribute and therefore sell more Tesla stock,” Ives said.Ives called Musk’s $44 billion deal… Continue reading Elon Musk could have to sell up to $10 billion in Tesla stock next week to get the ‘train wreck’ Twitter deal done, Wedbush says
The housing market will deteriorate more quickly as the impact of soaring mortgage rates hasn’t been fully felt yet, Goldman Sachs says
The housing market will continue to slide in the coming months, according to Goldman Sachs. Analysts said September existing homes sales data didn’t fully capture the latest increase in mortgage rates. In a Thursday note, they said “we expect the deterioration in the housing market to reaccelerate in future prints.” Loading Something is loading. Thanks… Continue reading The housing market will deteriorate more quickly as the impact of soaring mortgage rates hasn’t been fully felt yet, Goldman Sachs says
Banks Prepare for Consumers Unable to Pay Back Loans
Banks are shoring up their provisions against credit losses on fears that consumers could be late paying, or default on, loans and credit card bills. Fears of a recession continue to increase as interest rates have risen rapidly. The Federal Reserve, which has raised interest rates 3 percentage points since March, is expected to hike rates… Continue reading Banks Prepare for Consumers Unable to Pay Back Loans
Five winning investments in 2022 and their prospects ahead
Peter Hodson: There is always a bull market in something Lithium evaporation ponds in Nevada. A strong lithium sector is fuelling small-cap stock Patriot Battery Metals Inc. Photo by Carlos Barria/Reuters The markets had a decent rally early this week, but let’s face it, it has still been a horrible year for equity investors and… Continue reading Five winning investments in 2022 and their prospects ahead
FP Answers: Should I invest in an RRSP or non-registered account when saving for a home?
Anthony, 25, plans to buy a house soon and wants the biggest down payment possible Anthony wonders what is his best option to maximize his home savings. Photo by Getty Images/iStockphoto By Julie Cazzin with Doug Robinson Advertisement 2 This advertisement has not loaded yet, but your article continues below. Q: I’m 25 years old… Continue reading FP Answers: Should I invest in an RRSP or non-registered account when saving for a home?
Why a business owner who paid himself dividends got into trouble with the CRA
Jamie Golombek: A dividend isn’t legally considered remuneration, which can have severe implications If you’re a business owner who owns an incorporated business, including a professional corporation, dividends are sometimes thought of as a form of remuneration. Photo by Brent Lewin/Bloomberg Many retail investors are certainly familiar with the concept of dividend income, having received… Continue reading Why a business owner who paid himself dividends got into trouble with the CRA
Forget the corporate PR campaigns, here’s how to really save on groceries
There are ways to cut back on what you spend at the supermarket A person shops at the North Mart grocery store in Iqaluit, Nunavut. Photo by Carlos Osorio/Reuters files Everywhere we turn we are paying more: at the pump, on food and for utilities. Of those three types of expenses, groceries seem to be… Continue reading Forget the corporate PR campaigns, here’s how to really save on groceries
Recent Post
