Phil Rosen Traders work the floor of the New York Stock Exchange (NYSE) David Dee Delgado/Getty Images US stocks dropped Monday, continuing last week’s downturn which was the worst week since June. Traders are shedding stocks in anticipation of another jumbo rate hike from the Federal Reserve this week. The 10-year Treasury yield briefly hit… Continue reading US stocks continue sell-off as traders brace for more Fed rate hikes later this week
Financial watchdog warns UK crypto fans to be wary of dealing with Sam Bankman-Fried’s exchange FTX
The UK’s financial regulator has warned Brits to be cautious when dealing with crypto exchange FTX. “This firm is not authorized by us and is targeting people in the UK,” the Financial Conduct Authority said. The FCA has previously clashed with Binance over efforts to enforce greater supervision. Loading Something is loading. The UK’s financial… Continue reading Financial watchdog warns UK crypto fans to be wary of dealing with Sam Bankman-Fried’s exchange FTX
From newspapers to commemorative plates, everyone wants a piece of the Queen — and prices are going up
Memorabilia is going for top dollar Millions are spent on royal merchandise and memorabilia every time a big royal event takes place. Consumers shelled out an estimated 408 million pounds for the Queen’s Platinum Jubilee, celebrated in June. But lots of people may see this as their last chance to get something memorializing the Queen… Continue reading From newspapers to commemorative plates, everyone wants a piece of the Queen — and prices are going up
U.S. dollar’s surge shrinks world debt pile for first time since 2018
Total debt decreased by about US$5.5 trillion to US$300 trillion in the second quarter Author of the article: Bloomberg News Sydney Maki U.S. one dollar banknotes. Photo by Dado Ruvic/Reuters illustration The global mountain of debt in U.S. dollar terms shrunk for the first time since 2018 as the greenback surged and major central banks… Continue reading U.S. dollar’s surge shrinks world debt pile for first time since 2018
U.S. inflation could push Bank of Canada to move policy rate higher than 4%
U.S. price pressures could embolden Canada’s central bank to move more aggressively to fight inflation, economists say Publishing date: Sep 14, 2022 • 3 days ago • 4 minute read • 9 Comments People shop at a supermarket in Santa Monica, California. Photo by APU GOMES/AFP via Getty Images If the U.S. economy sneezes, Canada could… Continue reading U.S. inflation could push Bank of Canada to move policy rate higher than 4%
How to qualify for the federal government’s inflation relief benefit programs
Jamie Golombek: Here’s a brief look at the measures Ottawa is implementing to help with rising costs Publishing date: Sep 14, 2022 • 4 days ago • 5 minute read • 15 Comments Higher food prices are among some of the rising costs Canadians are trying to deal with. Photo by Sarah Silbiger/Reuters files The federal… Continue reading How to qualify for the federal government’s inflation relief benefit programs
Office buildings are having an existential crisis — and it’s not just work from home
Episode 166 of Down to Business podcast Publishing date: Sep 14, 2022 • 4 days ago • 1 minute read • 14 Comments Converting empty office buildings into residential units is one solution Calgary has considered. Photo by Gavin Young/Postmedia Office buildings across Canada have faced high vacancy rates for years, and the rise of work… Continue reading Office buildings are having an existential crisis — and it’s not just work from home
Russia’s isolation from global markets is withering its economy and will wreck its status as an energy superpower, experts say
Russia’s isolation from the west is a disaster for the long-term health of its economy, experts told Insider. Trade isolation limits what Russia can import, making production more expensive. Russia’s situation will also greatly decrease its status as an energy superpower. Loading Something is loading. Russia’s resilience in the face of sanctions surprised experts in… Continue reading Russia’s isolation from global markets is withering its economy and will wreck its status as an energy superpower, experts say
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