A woman shops for jewellery at a Kohl’s department store.FREDERIC J. BROWN/AFP/Getty Images Kohl’s shares jumped 34% on Monday following a report of interest by Sycamore Partners in the retailer. Kohl’s last week reportedly received a $9 billion buyout bid from Acacia Research. The clothing and housewares retailers has been under pressure to improve shareholder… Continue reading Kohl’s soars 34% after report the department store chain has received 2nd takeover bid
NYC mayor Eric Adams says his bitcoin investment is about sending a message that the city is open to new tech, sidestepping concerns about crypto plunge
New York City Mayor Eric Adams says converting his first paycheck into cryptocurrency is meant to send a message. “We’re going to see a large amount of new technology in the city of New York,” he told CNN. The mayor’s comments came amid a bloody downturn across digital assets over the weekend. Sign up here… Continue reading NYC mayor Eric Adams says his bitcoin investment is about sending a message that the city is open to new tech, sidestepping concerns about crypto plunge
Crypto market shrinks after another $350 billion gets wiped out over the weekend, with bitcoin at a 6-month low
Jack Taylor/Getty Images Cryptocurrencies sank Monday, helping drag the total market’s value down by $400 billion in the last week. Bitcoin and ethereum both hit lows not seen since July as cryptos tracked the slump in stocks. Altcoins are suffering even more, with solana down 40% in the last seven days after another outage. Sign… Continue reading Crypto market shrinks after another $350 billion gets wiped out over the weekend, with bitcoin at a 6-month low
Shopify plunges in 2022 tech wreck, losing title as Canada’s biggest publicly traded company
Collapse of Shopify’s stock price appears to have little to do with anything the company did Publishing date: Jan 21, 2022 • 1 day ago • 3 minute read • 5 Comments Shopify’s headquarters in Ottawa. The e-commerce company has plunged 46 per cent from an all-time high of $2,139.82 on Nov. 19. Photo by David… Continue reading Shopify plunges in 2022 tech wreck, losing title as Canada’s biggest publicly traded company
Netflix, Peloton bring pandemic-stock era to shuddering halt as shares plunge
Netflix shares poised for biggest drop in almost a decade Author of the article: Bloomberg News Jeran Wittenstein and Nick Turner The Netflix logo is seen on top of their office building in Hollywood, California, January 20, 2022. The streaming service ended the year with 221.8 million subscribers, just below target, after booming during coronavirus… Continue reading Netflix, Peloton bring pandemic-stock era to shuddering halt as shares plunge
Oilpatch sees ‘significant’ boost in investment for second straight year
Investment in Canada’s oil and natural gas industry will rise 22 per cent this year to $32.8 billion Author of the article: Bloomberg News Robert Tuttle Investment in Canadian oil sands, the world’s third largest oil reserves, will jump by a third to $11.6 billion. Photo by REUTERS/Dado Ruvic/Illustration Investment in Canada’s oil and natural… Continue reading Oilpatch sees ‘significant’ boost in investment for second straight year
Stephen Harper — activist investor? Why the former PM’s path after politics shouldn’t surprise anyone
Now 62, Harper is looking to make his mark in perhaps the biggest way since his near-decade as Canada’s leader Publishing date: Jan 20, 2022 • 1 day ago • 9 minute read • 387 Comments Former Canadian Prime Minister Stephen Harper speaks at a conference in Washington in 2017. In contrast with many of other… Continue reading Stephen Harper — activist investor? Why the former PM’s path after politics shouldn’t surprise anyone
Spectre of inflation adds to early retirement risk for this young B.C. couple
Tom and Charlene will have to depend on savings to make retirement work, expert says Early retirement means that if inflation picks up, the company pension will lose purchasing power and interest rates will tend to rise. A couple we’ll call Tom and Charlene, both 40, live in B.C. with their seven-year-old son Sam. They… Continue reading Spectre of inflation adds to early retirement risk for this young B.C. couple
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