While living off cash sounds logical, the reality is you end up with less money in the long run than from equity investing Published Mar 17, 2023 • Last updated 20 hours ago • 5 minute read An Ontario man is currently living off of his savings and has yet to touch an $800,000-plus defined benefits… Continue reading This retired Ontario man has been living on cash savings — but that’s a mistake, experts say
Banks traded at low multiples with a howling wind at their backs, so what happens now?
Canadian banks’ supercycle is coming to an end Published Mar 16, 2023 • Last updated 1 day ago • 4 minute read Bank buildings in Toronto’s financial district. Photo by TIJANA MARTIN/THE CANADIAN PRESS FILES If I told you about a company that is highly profitable, has a strong balance sheet, has grown steadily by expanding… Continue reading Banks traded at low multiples with a howling wind at their backs, so what happens now?
Jack Mintz: Deficit spending is the root of today’s bank failures
Three lessons that should be learned from this week’s bank failures Published Mar 16, 2023 • Last updated 1 day ago • 4 minute read A Silicon Valley Bank office in Tempe, Arizona. Photo by REBECCA NOBLE/AFP via Getty Images files We all know the old expression, “waiting for the other shoe to drop.” Well, the… Continue reading Jack Mintz: Deficit spending is the root of today’s bank failures
‘This number needs a serious update’: Calls to raise deposit insurance limit in Canada mount in wake of SVB crisis
Canada’s $100,000 per account cap leaves seniors especially vulnerable, advocacy group says Published Mar 15, 2023 • Last updated 1 day ago • 4 minute read The U.S. deposit insurance limit is US$250,000 — more than triple the Canadian cap. Photo by Getty Images A Canadian seniors advocacy group and at least two economists believe the… Continue reading ‘This number needs a serious update’: Calls to raise deposit insurance limit in Canada mount in wake of SVB crisis
Stock Market Today: Stocks Fall After First Republic Bank Suspends Dividend
This week has been all about the banking industry, so it seems fitting that a key driver of the market Friday was news that a beaten-down bank suspended its dividend. This was the latest sign of instability in the embattled financial sector – and follows the failures of several U.S. regional lenders, including Silicon Valley… Continue reading Stock Market Today: Stocks Fall After First Republic Bank Suspends Dividend
Germany’s Weed Legalization Efforts Progress: This Week in Cannabis Investing
Germany is currently making strides in its recreational weed legalization efforts. In recent news covered by Marijuana Moment (opens in new tab), Germany’s leading regulator and health minister, Karl Lauterbach, stated the country has received “very good feedback” from the European Union (EU), the most critical governing body in the weed legalization process. The EU’s… Continue reading Germany’s Weed Legalization Efforts Progress: This Week in Cannabis Investing
US stocks fall but close mostly higher for the week despite ongoing bank fallout
Matthew Fox Spencer Platt/Getty Images US stocks finished the week mostly higher despite continued fallout from multiple bank failures.Banks borrowed $165 billion from the Federal Reserve’s backstop program to shore up liquidity.But strength in mega-cap tech stocks helped catapult the Nasdaq 100 to its best weekly gain since November. Loading Something is loading. Thanks for… Continue reading US stocks fall but close mostly higher for the week despite ongoing bank fallout
The market is on the verge of a Lehman-style event as the financial world thrashes in the wake of global banking turmoil, veteran trader Art Cashin says
The market may be nearing its Lehman moment yet again, Art Cashin told CNBC. The Wall Street vet said certain investors could use the banking crisis for their own financial gain. Cashin blamed the Fed’s monetary tightening for the fall of a slew of specialist banks. Loading Something is loading. Thanks for signing up! Access… Continue reading The market is on the verge of a Lehman-style event as the financial world thrashes in the wake of global banking turmoil, veteran trader Art Cashin says
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