Warren Buffett spent $6.5 billion to help Mars acquire Wrigley during the financial crisis. The investor bought $2.1 billion of Wrigley’s preferred stock, and $4.4 billion of its bonds. The candy deal was “completed without pause while, elsewhere, panic reigned,” Buffett said. Loading Something is loading. Thanks for signing up! Access your favorite topics in… Continue reading Warren Buffett shelled out $6.5 billion to help Mars buy Wrigley during the financial crisis. Here’s how he made the candy deal happen.
Zellers restaurants are coming back — as food trucks
The Bay is polling Canadians to find out their favourite Zellers Family Restaurant dishes for launch The nine dishes up for voting from the original Zellers Family Restaurant menu are the Big Z burger, fries and gravy, hot chicken sandwich, grilled cheese sandwich, onion rings, quesadilla, poutine, hot dog and chicken fingers. Photo by Zellers… Continue reading Zellers restaurants are coming back — as food trucks
Kevin Carmichael: Bank of Canada emerges as the trendsetter on interest rates
Tiff Macklem’s decision to press pause offers rich world a ‘glimpse’ of where monetary policy is headed Bank of Canada governor Tiff Macklem went out on his own in July when he raised the benchmark rate a full percentage point. Now he has been the first to press pause. Photo by REUTERS/Blair Gable Jean Boivin,… Continue reading Kevin Carmichael: Bank of Canada emerges as the trendsetter on interest rates
Tougher mortgage stress tests could push homebuyers to credit unions
Provincially regulated credit unions aren’t bound by OSFI’s mortgage stress test and homeowners have taken notice Tougher mortgage qualification rules threaten to push bank loans out of reach for homebuyers. Photo by Jim Wells/Postmedia There’s a multi-million-dollar corner of Canada’s financial system where a stringent “stress test” imposed by the Office of the Superintendent of… Continue reading Tougher mortgage stress tests could push homebuyers to credit unions
Barry Choi: 6 options for when you can’t afford your mortgage
Don’t miss: This cash back app pays actual cash A low credit score can cost you thousands in interest — here’s how you can prevent that 5 mistakes Canadian parents are making with their life insurance Contact your lender If you’re ever worried that you won’t be able to make your mortgage payments, contact your… Continue reading Barry Choi: 6 options for when you can’t afford your mortgage
Bill Ackman calls short seller report that has wiped $51 billion off Adani ‘highly credible’
Conglomerate run by Asia’s richest man struggles to contain the fallout Author of the article: Bloomberg News Aradhana Aravindan and P R Sanjai Published Jan 27, 2023 • 3 minute read Join the conversation People walk past an electronic board displaying news on the Adani Group at the Bombay Stock Exchange in Mumbai on Jan.… Continue reading Bill Ackman calls short seller report that has wiped $51 billion off Adani ‘highly credible’
Stock Market Today: Stocks End the Week on a High Note
Stocks managed to brush off a shaky start Friday and climb higher into the close. Investors had plenty to consider. In addition to the latest batch of corporate earnings, a steady batch of economic data was released throughout the morning. Most notably was the personal-consumption expenditures price index, which, ahead of the Federal Reserve’s policy… Continue reading Stock Market Today: Stocks End the Week on a High Note
Marijuana Legalization Efforts Gain Traction: This Week in Cannabis Investing
The Southeast is warming to the legalization of cannabis, and approval surrounding medical and recreational weed is gaining momentum. Alabama’s licensing process is underway, and efforts for weed legalization in Florida are building. South Carolina is making progress on its medical cannabis legalization program too. Last week, Republican Senator Tom Davis introduced the South Carolina… Continue reading Marijuana Legalization Efforts Gain Traction: This Week in Cannabis Investing
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