ConocoPhillips to Buy Marathon Oil
On May 29, ConocoPhillips agreed to acquire Marathon Oil in an all-stock deal valued at $17 billion, CNBC reports. The agreement will provide ConocoPhillips with an additional 2 billion barrels of U.S. inventory.
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CBCCompany halts construction of $2.7B battery project in eastern Ontario
After breaking ground in 2023, the company building a plant to produce battery components for electric vehicles in a municipality near Kingston, Ont., says it's delaying construction of the plant citing a slowdown in EV sales.In a statement to CBC News, Umicore Rechargeable Battery Materials Inc. said Friday that its project in Loyalist Township is impacted by the "significant worsening of the EV market context and the impacts this has on the entire supply chain." The project carried a total pri
- The Motley Fool
Is It Time to Buy the TSX’s 3 Worst-Performing Stocks?
Sure, these stocks have performed poorly. But don't let that keep you from investing. Because the past does not predict the future. The post Is It Time to Buy the TSX’s 3 Worst-Performing Stocks? appeared first on The Motley Fool Canada.
- Yahoo Finance Canada
Toronto's condo crisis signals more pain for housing affordability, rental market
Various statistics show the GTA's condo market is "clearly in recessionary territory," and the nationwide housing crisis is at a level not seen in over 30 years, a report from CIBC and Urbanation says.
- Bloomberg
Lilly loses $120 billion in value as rival obesity drugs impress
(Bloomberg) -- Eli Lilly & Co. is down more than $120 billion in market value and its status as the poster child of the weight-loss drug frenzy is under threat with at least two rivals posting encouraging developments for their obesity treatments.Most Read from BloombergTrump Risks Losing Voters He Needs With Loaded Attacks on HarrisHarris Just Showed Why Trump Is So Afraid of HerMarkets Tear Up Popular Trades That Reached ‘Stupid Levels’Stocks Caught in Tug of War Between Tech and Rest: Markets
- The Motley Fool
1 Stock to Buy if the Bank of Canada Keeps Cutting Rates
Lower rates are a tailwind for tech stocks but one dividend payer in this high-growth sector is the top buy in a rate-cutting cycle. The post 1 Stock to Buy if the Bank of Canada Keeps Cutting Rates appeared first on The Motley Fool Canada.
- SmartAsset
Can I Live Off The Interest of a $1 Million Portfolio?
Once you have $1 million in assets, you can look seriously at living entirely off the returns of a portfolio. After all, the S&P 500 alone averages 10% returns per year. Setting aside taxes and down-year investment portfolio management, a … Continue reading → The post How Much Interest Can You Earn on $1 million? appeared first on SmartAsset Blog.
- Barrons.com
The Stock Market Is Dropping. Here’s How Far it Can Fall.
The Nasdaq Composite has dropped below its 50-day moving average, a level where buyers historically have come in, propping up the price.
- USA TODAY
Wealthy millennials are rejecting stocks for 'alternative' investments. What are they?
Older investors like stocks. Younger investors prefer "alternatives," including crypto, according to a new industry survey.
- The Canadian Press
Carmaker Stellantis pledges to tackle problems in North America as profits plunge
MILAN (AP) — Stellantis CEO Carlos Tavares pledged action to tackle problems in North America and elsewhere Thursday after reporting a plunge in first-half earnings.
- Simply Wall St.
Canadian National Railway Company Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Last week, you might have seen that Canadian National Railway Company ( TSE:CNR ) released its second-quarter result to...
- The Motley Fool
Where Will Couche-Tard Stock Be in 5 Years?
Alimentation Couche-Tard (TSX:ATD) stock could skyrocket considerably over the next five years under a new CEO. The post Where Will Couche-Tard Stock Be in 5 Years? appeared first on The Motley Fool Canada.
- The Canadian Press
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.
- The Canadian Press
Loblaw boycott had 'minor' impact as company says lawsuit settlement hit profits
Loblaw said a boycott of its stores during its latest quarter had a minimal impact, as the company attributed lower profits to a settlement over an alleged bread price-fixing scheme.
- The Motley Fool
Dividend Fortunes: 2 Canadian Stocks Leading the Way to Retirement Wealth
Here are two of the best Canadian dividend stocks you can add to your portfolio right now to build retirement wealth in the long run. The post Dividend Fortunes: 2 Canadian Stocks Leading the Way to Retirement Wealth appeared first on The Motley Fool Canada.
- The Motley Fool
1 Stock That Has Created Millionaires and Will Continue to Make More
Celestica (TSX:CLS) blew past its own estimates and earnings expectations, so why did shares drop? The post 1 Stock That Has Created Millionaires and Will Continue to Make More appeared first on The Motley Fool Canada.
- The Canadian Press
Veren Inc., formerly Crescent Point Energy, sees profit rise in second quarter
CALGARY — With its recent buying spree behind it, Veren Inc. – formerly Crescent Point Energy Corp. – is turning its attention to paying down debt.
- Simply Wall St.
Canadian Natural Resources And 2 More Top TSX Dividend Stocks
The Canadian market has shown robust performance, with a 10% increase over the past year and earnings expected to grow by 15% annually. In this thriving environment, dividend stocks like Canadian Natural Resources stand out as appealing options for investors looking for steady income and potential growth.
- The Canadian Press
Stock market today: Asian shares dive after a wipeout on Wall Street as Big Tech skids
TOKYO (AP) — Asian shares dropped in Thursday morning trading, with Tokyo's benchmark losing more than 1,000 points at one point and closing down more than 3%, as pessimism set in over a nose-dive on Wall Street.
- The Motley Fool
Could This Undervalued Stock Make You a Millionaire One Day?
Magna stock (TSX:MG) could be one of the most undervalued stocks out there – at least, for long-term investors that is. The post Could This Undervalued Stock Make You a Millionaire One Day? appeared first on The Motley Fool Canada.
- CoinDesk
Bitcoin to Account for 7% of Global Wealth, Surge in Price to $13M in 21 Years: Michael Saylor
The Executive Chairman of MicroStrategy spoke Friday at Bitcoin 2024.