The Canada Industrial Relations Board recently intervened in a major labor dispute involving the country’s largest railways, Canadian National Railway (CNR) and Canadian Pacific (CP) Kansas City. This decision came after an impasse in separate talks between over 9,000 Teamsters members and the railway companies. The disruption caused by the work stoppages had the potential
NASA officials announced on Saturday that NASA astronauts Butch Wilmore and Suni Williams, who flew to the International Space Station in Boeing’s faulty Starliner capsule, will need to return to Earth on a SpaceX vehicle early next year. This decision was made due to issues with Starliner’s propulsion system that were deemed too risky to
Travelers who choose to ignore their tax obligations may face severe consequences when it comes to their ability to travel. The federal government has enacted laws that allow for the revocation or limitation of passports for individuals with seriously delinquent tax debts exceeding $62,000. Understanding the implications of these measures is crucial for taxpayers to
The S&P 500 managed to bounce back after a weak Thursday close, hinting at a potentially strong week ahead. There were indications, shared with clients, that interest rate sensitive plays would outperform largecaps, particularly beyond the Russell 2000. This shift in market dynamics was attributed to the lack of resistance from interest rates and growing
The CEO of Isbank, Hakan Aran, is warning that Turkish banks are going to face severe challenges well into the next year. According to him, these challenges stem from the economic turnaround in the country which has put significant pressure on the financial sector. He predicts that banks will experience a deterioration in their net
Over the weekend, Pavel Durov, the billionaire founder and CEO of the popular messaging app Telegram, was reportedly arrested at Bourget airport outside Paris. The news of his arrest was covered by TF1 TV and BFM TV, with both sources citing unidentified individuals. According to reports, the investigation against Durov is centered around a lack
On Saturday evening, Pavel Durov, the billionaire founder and CEO of the widely popular messaging app Telegram, was reportedly arrested at the Bourget airport outside Paris. This arrest, according to TF1 TV and BFM TV, stems from a preliminary police investigation in France, where Durov was targeted due to a lack of moderators on his
In a speech set to be delivered next week, Prime Minister Keir Starmer will address the British public, acknowledging the need for extensive changes to address the country’s deep-rooted problems. He will emphasize that these changes will not happen overnight and that the nation must be prepared for things to potentially worsen before they improve.
The recent volatility in the market, as mentioned by Brazil’s central bank chief Roberto Campos Neto, is a clear indication that the market is reevaluating the room for future fiscal and monetary interventions. It reflects a shift in perception regarding the potential impact of these interventions on the overall economic landscape. This adjustment indicates a
In anticipation of the Federal Reserve’s upcoming interest rate decision in September, more investors are turning their attention towards dividend stocks. Paul Baiocchi from SS&C ALPS Advisors believes this is a wise move, as he predicts that the Fed will be lowering rates. Baiocchi, who serves as the chief ETF strategist, explained to CNBC’s “ETF
On Friday, Wall Street experienced a surge as Federal Reserve Chair Jerome Powell hinted at reducing interest rates. This move was seen as necessary due to risks in the job market and inflation nearing the Fed’s target of 2%. The S&P 500 index was just under 1% away from reaching a record high it had
The surge in gold prices to $2500/oz has been fueled by a combination of factors, including a stronger US Dollar, rising US Yields, and potential profit-taking ahead of Fed Chair Powell’s address at the Jackson Hole Symposium. Investors are closely monitoring Powell’s speech for any indications of future rate cuts in September. While many market