NEWS

Rate cut spells some relief for homeowners

Homeowners with variable rate mortgages, and anyone looking to renew or get into a new mortgage, will likely get a better deal after the Bank of Canada cut its key interest rate on Wednesday, according to personal finance expert Rubina Ahmed-Haq. 'They now have a little more wiggle room ... a little extra money,' she said.

Average net worth of Americans by age — see how you compare

Shanghai launches $13.8 billion in funds to boost integrated circuit, biomedicine, AI sectors

BEIJING (Reuters) - China's commercial hub Shanghai on Friday announced 100 billion yuan ($13.79 billion) in funds to boost its integrated circuit, biomedicine and artificial intelligence (AI) industries. The fund for the AI sector will focus on fields including intelligent chips, software, autonomous driving and intelligent robots, Shanghai's government said in a statement. The money will be

Married Canadians: Save on Taxes by Combining Finances

If you give your spouse money to buy Fortis (TSX:FTS) stock, the second-generation dividend income is taxed at their rate. The post Married Canadians: Save on Taxes by Combining Finances appeared first on The Motley Fool Canada.

Nvidia supplier SK Hynix to invest $6.8 billion in South Korea chip plant

By Joyce Lee SEOUL (Reuters) -The world's second-largest maker of memory chips, SK Hynix, said on Friday it had decided to invest about 9.4 trillion won ($6.8 billion) in its first chip plant in the South Korean city of Yongin. The Nvidia supplier, which reported on Thursday its highest earnings since 2018 and flagged rising AI chip demand, has been planning investment since 2019 on four new

Federal government posts $3.9B deficit in April, May

OTTAWA — The federal government posted a $3.9 billion deficit in the first two months of the fiscal year.

7 ways to know you’re financially thriving (despite how it might feel)

Salary Story: I Went From $175,000 To $245,000 With Just One Job Change

In our series Salary Stories, women with long-term career experience open up about the most intimate details of their jobs: compensation. It’s an honest look at how real people navigate the complicated world of negotiating, raises, promotions and job loss, with the hope it will give young people more insight into how to advocate for themselves — and maybe take a few risks along the way. Been in the workforce for at least five years and...

The annual salary you need to earn to be in the top 1% in every US state

Turkey's Erdogan announces $30 billion in incentives for high tech areas

ANKARA (Reuters) - Turkey will launch a $5 billion package to boost its annual production of electric vehicles to one million cars, President Tayyip Erdogan said on Friday, adding that Ankara would unveil other incentive packages for high tech areas totalling $30 billion. Erdogan, speaking in Istanbul, said Turkey had paved the way for EV makers to invest in Turkey, namely via China's largest EV

C$ posts longest losing streak in six years as oil falls

By Fergal Smith TORONTO (Reuters) - The Canadian dollar weakened for an eighth straight day against its U.S. counterpart on Friday as oil prices fell and after the Bank of Canada cut interest rates further earlier in the week. The loonie was trading 0.1% lower at 1.3835 per U.S. dollar, or 72.28 U.S. cents. Earlier in the session, the currency touched 1.3848, matching the eight-month low that

Russia’s economy is struggling from sanctions, western officials say. Here’s why

High inflation, rising interest rates and labour shortages are undermining Moscow's claims of a strong economy, western officials say.

Packers QB Jordan Love ties record for NFL's highest-paid player with massive contract

Jordan Love's four-year, $220 million contract extension ties him with Joe Burrow and Trevor Lawrence for the title of the NFL's highest-paid player.

Umicore suspends construction of $2.76B battery materials plant in Ontario

Umicore says it has halted spending on a $2.76-billion battery materials plant in eastern Ontario.

Scotiabank says technical issues disrupting salary payments is fixed

TORONTO — Scotiabank says it has fixed an issue that caused some account holders not to receive their pay and other deposits Friday.

Millionaires reveal 8 frugal habits that helped them get rich

Business Matters: Loblaw facing probe over claims customers can’t delete PC Optimum accounts

The Office of the Privacy Commissioner of Canada has opened an investigation into allegations that some Loblaw customers have been unable to delete their PC Optimum accounts. Anne Gaviola has this story and more in Business Matters for Wednesday July 24, 2024.

How to Use Your TFSA to Earn $2,150 Per Year in Passive Income

Earning $2,150 per year or more in tax-free passive income is not daunting for TFSA investors. The post How to Use Your TFSA to Earn $2,150 Per Year in Passive Income appeared first on The Motley Fool Canada.

Bristol Myers second-quarter results beat expectations, helped by new drugs

By Michael Erman (Reuters) - Drugmaker Bristol Myers Squibb posted better-than-expected second-quarter results, driven by growth from new products like anemia treatment Reblozyl and heart drug Camzyos as well as from its top-seller, blood thinner Eliquis. Eliquis is expected to have revenue curtailed when the U.S. Medicare health plan for people over age 65 institutes negotiated drug prices

What's the most expensive home you could afford?

Use this tool to calculate the most expensive home you could buy based on your income and passing the mortgage “stress test."

2 Dividend Stocks to Double Up on Right Now

After their recent declines, you can consider doubling up on these two top Canadian dividend stocks right now to expect solid returns on your investments in the long run. The post 2 Dividend Stocks to Double Up on Right Now appeared first on The Motley Fool Canada.

Report: Packers make Jordan Love the NFL’s highest-paid quarterback

The Green Bay Packers and quarterback Jordan Love have agreed to a four-year, $220 million contract extension, NFL Network’s Ian Rapoport reported Friday.

My Top 5 Dividend Stocks for Passive Income Investors to Buy in August

These five dividend payers are some of the top stocks on the TSX and among Canada's best passive income-generating investments. The post My Top 5 Dividend Stocks for Passive Income Investors to Buy in August appeared first on The Motley Fool Canada.

Stock market today: Most of Wall Street leaps in a widespread rally, from big stocks to small

NEW YORK (AP) — A widespread rally swept Wall Street Friday, lifting far-reaching corners, to close a tumultuous week where stocks that had been left behind for much of this year’s record-setting run wrested the spotlight back from the market’s biggest stars.

Microsoft's LinkedIn settles lawsuit claiming it overcharged advertisers

By Jonathan Stempel (Reuters) - LinkedIn agreed to pay $6.625 million to settle a proposed class action accusing the Microsoft unit of overcharging advertisers by inflating how many people watched video ads on its platform. A preliminary settlement was filed late Thursday in San Jose, California federal court, and requires approval by U.S. Magistrate Judge Susan van Keulen in San Jose,

15 Year Old Spergo Owner Made $1.8M in Sales! | Shark Tank US | Shark Tank Global

Trey Brown & Sherell Peterson are seeking $300k for 10% of their clothing brand, Spergo. From Season 13 Episode 6 Watch The Entire Series on Google Play: https://play.google.com/store/tv/show?id=FV7PwP5B-nU&cdid=tvseason-E1PGOJ1VJ8Q&hl=en_US&gl=US Subscribe to Shark Tank Global for more from your favorite shows: https://bit.ly/SharkTankGlobal FOLLOW SHARK TANK Shark Tank Global Facebook - [https://www.facebook.com/GlobalSharkTank] About Shark Tank: The Sharks – tough, self-made, multi-millionaire and billionaire tycoons – continue their search to invest in the best businesses and products that America has to offer. The Sharks will once again give people from all walks of life the chance to chase the American dream and potentially secure business deals that could make them millionaires. #SharkTank #SharkTankUS #spergo 15-Year-Old Spergo Owner Made $1.8M in Sales! | Shark Tank US | Shark Tank Global https://www.youtube.com/channel/UCREgA-BmOocJ9Is_bZV6aJQ

Retirees: Supplement Your CPP Payments With These 2 Dividend Stocks

Here's why Canadian retirees can consider holding high dividend clean energy stocks such as Brookfield Renewable and supplement the CPP. The post Retirees: Supplement Your CPP Payments With These 2 Dividend Stocks appeared first on The Motley Fool Canada.

How Much Cash Should You Travel With?

Ever wonder how much money you should take with you when you travel? Here is what we do. Join this channel to get access to perks: https://www.youtube.com/channel/UCFr3sz2t3bDp6Cux08B93KQ/join #travel #budgettravel #travelsafety Copyright Mark Wolters 2023 Learn how to plan your travels like we do with our Travel Planning 101 Course: https://www.brighttrip.com/woltersworld Grab some Wolters World travel gear http://www.woltersworld.store Help Us Keep Make More Honest Travel Videos: https://www.patreon.com/woltersworld Hey There Fellow Travelers! Thank you for watching our honest travel vlogs from all over this wonderful world. If you would like to get in contact with us please follow us & send us a message via our social media channels below. Also, if you like our travel videos please feel free to share them with other fellow travelers. You can find us all over the internet: Travel Advice & Destinations: https://www.youtube.com/woltersworld Food Travel Videos: https://www.youtube.com/woltersworldeats Travel Tips: https://www.youtube.com/woltersworldshorts Business Education: https://www.youtube.com/professorwolters Tiktok: https://www.tiktok.com/@woltersworld Instagram: https://www.instagram.com/woltersworld Jocelyn's Instagram: https://www.instagram.com/jocelynwoltersworld Facebook: https://www.facebook.com/woltersworld Twitter: https://www.twitter.com/woltersworld Linkedin: https://www.linkedin.com/company/wolters-world-travel-culture/

Here's What 15 Things Cost 100 Years Ago

Price check on aisle 1920.

Billionaire Bunkers: The Rise of Doomsday Prepping Among the Super-Rich

More and more of the super-rich are equipping themselves with boltholes against calamity. The idea of building bunkers to survive any notional worldwide calamity is by no means new. From The Second World War to the nuclear age, bunkers were a by-word for survival. And in the modern age, disaster prepping is a big business. You can buy everything you need to wait out an apocalypse in some comfort. But what does relative comfort look like to the mega-rich. Why are billionaire bunkers a thing? How are they equipped... and what do they look like? Join our YouTube channel by clicking here: https://bit.ly/3asNo2n Find us on Instagram: https://bit.ly/3PM21xW Find us on Facebook: https://bit.ly/3t2Huvb Find us on Twitter: https://bit.ly/3wQfXzA Find us on TikTok: https://bit.ly/3wNsBOu Get the latest stories: https://interestingengineering.com/ Support IE for high-quality journalism: https://interestingengineering.com/subscribe

How Much Cash Do You Need to Quit Work and Live Off Dividend Income?

Canadians should start making dividend income as soon as possible, as they could even live off of it in retirement! The post How Much Cash Do You Need to Quit Work and Live Off Dividend Income? appeared first on The Motley Fool Canada.

Loblaw’s $500M settlement: Did the national boycott impact their bottom-line profit?

Loblaw Cos. Ltd. and its parent company George Weston Ltd. say they have agreed to pay $500-million to settle a class-action lawsuit regarding their involvement in an alleged bread price-fixing scheme. The class-action case was brought against a group of companies that includes Loblaw and the Weston companies, Metro, Walmart Canada, Giant Tiger and Sobeys owner Empire Co. Ltd. This comes as Loblaw reported its second-quarter profit decreased compared with a year ago amid a month-long national boycott of the company. Anne Gaviola has more on the class action case and whether or not the May boycott made a significant dent in the grocery giant’s bottom line.

‘Deadpool & Wolverine’ is already breaking box office records, with more possible soon

“ Deadpool & Wolverine ” has gotten off to a supercharged start at the box office, breaking the Thursday preview record for an R-rated movie. The comic-book film sold an estimated $38.5 million worth of movie tickets from preview screenings Thursday, Disney said Friday.

Billionaire Warren Buffett’s 5 top tips for making your fortune

These Are the 9 Most Expensive Cities in the World

If you're thinking about relocating to one of these popular cities, it is definitely going to cost you a pretty penny.

Insurance Hacks: How to slash your premiums and save big

Sangita Patel reveals top tips to ensure you're not overspending on home and car insurance. Plus find out how even your profession can lead to significant savings.

This U.S. State Is One of the Best Places to Retire for Low Crime, Taxes, and an Affordable Cost of Living

Plus, it is a beloved mountain destination with excellent outdoor recreation.

Could more interest rate cuts come from Bank of Canada?

In the latest edition of Your Money, personal finance expert Rubina Ahmed-Haq joins Antony Robart to discuss Wednesday's Bank of Canada interest rate cut and the impact it will have on Canadians.

Inflation is cooling, why are Canadians still so stressed out financially?

Despite significant progress in the Bank of Canada’s efforts to bring annual inflation down, a new survey shows that Canadians are feeling more stressed-out financially than two years ago. Anne Gaviola has more on the cumulative effect of the high cost of living and rapidly-rising interest rates on household budgets.

Walmart Canada gives 40,000 hourly workers pay raise

Walmart says it’s spending $53 million to lift hourly wages for 40,000 of its workers across Canada, effective this month. Anne Gaviola has more on why the big box retail giant’s recent pay raise and hiring spree bucks current labour market trends.

Russia's Central Bank hikes interest rate as inflation soars

MOSCOW (AP) — Russia’s Central Bank on Friday raised its key lending rate to its highest level in more than two years to stem soaring inflation in an overheated economy hit by Western sanctions in response to Moscow's military action in Ukraine.

My friends earn more than me – how do I tell them I can’t afford our plans?

My friends earn more than me – how do I tell them I can’t afford our plans? - Would you really judge your friends if they earned less than you?

How Much Do You Need to Earn to Live in a Major U.S. City?

Living in a major metropolitan area doesn’t come cheap. To survive comfortably you’ll need to earn at least six figures, according to a new study. If you’re single, you’ll need to earn at least $96,500 a year before taxes, and two parents supporting two children will need at least $235,000, Knewz.com has learned. The above salaries are required to ...

The Trillion Dollar Equation

The most famous equation in finance, the Black-Scholes/Merton equation, came from physics. It launched an industry worth trillions of dollars and led to the world’s best investments. Go to https://www.eightsleep.com/veritasium and use the code Veritasium for $200 off your Pod Cover. Special thanks to our Patreon supporters! Join this list to help us keep our videos free, forever: https://ve42.co/PatreonDEB If you’re looking for a molecular modeling kit, try Snatoms, a kit I invented where the atoms snap together magnetically - https://ve42.co/SnatomsV ▀▀▀ A huge thank you to Prof. Andrew Lo (MIT) for speaking with us and helping with the script. We would also like to thank the following: Prof. Amanda Turner (University of Leeds) Owen Maher (Electrify Video Partners) ▀▀▀ References: The Man Who Solved the Market: How Jim Simons launched the quant revolution, Gregory Zuckerman. Penguin Publishing Group. - https://ve42.co/GZuckerman The Physics of Finance: Predicting the Unpredictable: Can Science Beat the Market? James Owen Weatherall. Short Books. - https://ve42.co/FinancePhysics The Statistical Mechanics of Financial Markets, J.Voigt. Springer. - https://ve42.co/Springer Black, F., & Scholes, M. (1973). The pricing of options and corporate liabilities. Journal of political economy, 81(3), 637-654. - https://ve42.co/BlackScholes Cornell, B. (2020). Medallion fund: The ultimate counterexample?. The Journal of Portfolio Management, 46(4), 156-159. - https://ve42.co/Medallion Images & Video: Ed Thorp on The Tim Ferris Show - https://www.youtube.com/watch?v=CNvz91Jyzbg Jim Simons on TED - https://www.youtube.com/watch?v=U5kIdtMJGc8 Jim Simons on Numberphile - https://www.youtube.com/watch?v=QNznD9hMEh0 ▀▀▀ Special thanks to our Patreon supporters: Adam Foreman, Anton Ragin, Balkrishna Heroor, Bill Linder, Blake Byers, Burt Humburg, Chris Harper, Dave Kircher, David Johnston, Diffbot, Evgeny Skvortsov, Garrett Mueller, Gnare, I.H., John H. Austin, Jr. ,john kiehl, Josh Hibschman, Juan Benet, KeyWestr, Lee Redden, Marinus Kuivenhoven, Max Paladino, Meekay, meg noah, Michael Krugman, Orlando Bassotto, Paul Peijzel, Richard Sundvall, Sam Lutfi, Stephen Wilcox, Tj Steyn, TTST, Ubiquity Ventures ▀▀▀ Directed by Will Wood and Derek Muller Written by Will Wood, Emily Zhang, Petr Lebedev and Derek Muller Camera operation by Raquel Nuno Additional research by Gregor Čavlović Edited by Jack Saxon and Trenton Oliver Animated by Fabio Albertelli, Jakub Misiek, Ivy Tello, David Szakaly and Will Wood Produced by Will Wood, Han Evans and Derek Muller Thumbnail by Ren Hurley Additional video/photos supplied by Getty Images and Pond5 Music from Epidemic Sound

I saved £30,000 in 2 years - all while working a minimum wage job

I set myself a goal of becoming a millionaire in 10 years.

Rockefeller: The World’s First Billionaire

✨ Create your own community, or discover new ones: https://www.skool.com/discovery 🎁 Get a 60-day free trial at https://www.shipstation.com/magnates 🚀 MagnatesMedia YouTube Course: https://magnatesmedia.com 💸 FREE STOCKS for MagnatesMedia fans: https://magnates.media/freestocks 🎨 MagnatesMedia editing software: https://magnates.media/editing 🎵 MagnatesMedia music (FREE trial): https://magnates.media/music THE STORY OF JOHN D ROCKEFELLER - The business magnate and richest man in the world (and the world’s first billionaire). There was a time when anyone would tremble upon hearing the name John D. Rockefeller. Not only was he the world’s first billionaire, he’s one of the richest people in history. His empire - Standard Oil - became the most dominant monopoly in the world by brutally crushing competitors, taking control of multiple industries, bribing the government into submission, and treating business as if it was war. Because of his ruthless business practices and secretive deals, Rockefeller made many enemies. His career is filled with bitter rivalries like with Andrew Carnegie, and even ferocious battles against US Presidents. But, before he was the titan of the oil industry, Rockefeller was at the very bottom of society. His story is one of only a handful of cases where someone manages to rise from the depths of poverty, to the absolute peak of wealth and power. Rockefeller’s story is at times inspiring, and at times… chilling. It’s an example of what happens when greed and ambition go completely unchecked. This Rockefeller documentary shows the insane true story of John D Rockefeller, the history of Standard Oil and one of the craziest rags to riches stories. At times it’s an inspiring business story with lessons for entrepreneurs, at other times it’s a dark business story showing the worst of corporate greed. And after crushing his competition, through a series of strategic investments Rockefeller became the richest person in the world (even surpassing Andrew Carnegie). Adjusting for inflation, he is one of the richest self made men in history. And when his business empire got split up and he got given shares in other companies, he became even richer as their stock price soared on the stock market. But before all that wealth, let me take you back to 1839, where a young John D. Rockefeller is born into poverty… For more business stories about business magnates and titans of industry, subscribe to MagnatesMedia. I also make business documentary and business movies about modern day big companies, entrepreneurs and business stories. The World's First Billionaire: The Brutal Truth The First Billionaire: The Ugly Truth Rockefeller: The World’s First Billionaire 00:00 Prologue: John D Rockefeller Movie 01:04 Chapter 1: The POOR Mr Rockefeller 06:37 Chapter 2: The YOUNG Mr Rockefeller 12:06 Chapter 3: The AMBITIOUS Mr Rockefeller 17:40 Chapter 4: The RUTHLESS Mr Rockefeller 25:38 Chapter 5: The FORMIDABLE Mr Rockefeller 30:56 Attention is the new oil? 31:56 Chapter 6: The CONTROLLING Mr Rockefeller 36:07 Chapter 7: The POWERFUL Mr Rockefeller 40:16 Chapter 8: The NOTORIOUS Mr Rockefeller 45:26 FREE Shipping Deal! 46:26 Chapter 9: The GENEROUS Mr Rockefeller

New data pulls back the curtain on Trump’s tips proposal

During the 2024 Republican National Convention in Milwaukee, presidential nominee Donald Trump promoted his proposal to eliminate taxes on tips. Sen. Ted Cruz (R-Texas) is on board with Trump's plan, introducing a bill that would eliminate federal income taxes on tips. Cruz's bill has been dubbed the No Taxes On Tips Act of 2024. But Axios' Emily P...

Top 6 US industries where you can earn the most money

Rising costs: 40% of Americans struggle to make ends meet

A significant portion of the American population is experiencing financial stress, as indicated by a... The post Rising costs: 40% of Americans struggle to make ends meet appeared first on The Independent News.

2024 Major League Baseball Signing Bonuses

Signing bonuses for the selections through competitive balance round A in the 2024 Major League Baseball amateur draft: