[ad_1] The loonie has fallen 5.25 per cent since Donald Trump was elected president. (Credit: Jonathan Hayward/The Canadian Press files) The Canadian dollar dropped below 68 cents U.S. for the first time in more than two decades on Monday before rebounding by more than a cent, as uncertainty over a North American trade war sparked volatility across financial markets. The loonie traded as low as 67.6 cents U.S. in the late hours of Sunday, it’s lowest level since 2003, but began to climb back up on reports that Mexico had been given a one-month tariff reprieve following a call between…
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[ad_1] Investors didn’t take President Donald Trump at his word, sparking an early market sell-off in reaction to his move to impose hefty tariffs on Canada, Mexico, and China. In early trading all three of the major averages sank before recovering some losses after the White House confirmed tariffs on Mexico will be delayed. The tech-heavy Nasdaq Composite (^IXIC) was down about 1.2%, while the S&P 500 (^GSPC) fell about 0.8%. Meanwhile, the Dow Jones Industrial Average (^DJI) shed 0.3%, or more than 100 points. The jerky market action in relation to whether or not Trump will fully follow through…
[ad_1] Big fund companies have backed off of ESG, and US funds have closed amid political pressure and as investors have pulled money from them. The funds that remain reveal which managers are committed. [ad_2] Source link
[ad_1] There are two ways of looking at the 1.7% decline in China’s steel output last year. [ad_2] Source link
[ad_1] SALT LAKE CITY — Students at Utah Tech University are hosting the eighth annual Personal Finance Day to help their community. The students are part of the university’s finance club. They are hoping to use their knowledge to help people with managing their finances, building credit and making housing decisions. Through a series of speakers and workshops, the seminar will help attendees how to understand the current market. The event will be held on Feb. 8 in Utah Tech’s Statera Financial Education Center, in room 121 of the Udvar-Hazy Building. From noon to 2:30, the students will provide workshops…
[ad_1] Alex Karp, chief executive officer of Palantir Technologies Inc., during a Bloomberg Technology television interview during the FoundryCon event in Palo Alto, California, US, on Thursday, March 7, 2024. David Paul Morris | Bloomberg | Getty ImagesPalantir shares surged as much as 18% in extended trading on Monday after the software company reported fourth-quarter earnings and revenue that surpassed Wall Street’s estimates.Here’s how Palantir did versus estimates from analysts polled by LSEG:Earnings per share: 14 cents, adjusted vs. 11 cents expectedRevenue: $828 million vs. $776 million expectedAlong with the fourth-quarter beat, Palantir offered better-than-expected guidance. The company said it expects…
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[ad_1] Investors looking to supercharge their portfolios often benefit from a broader stock search. One simple way to do that is to look at year-ahead earnings forecasts. Our picks for the seven best stocks for magnificent earnings growth include Artivion (AORT) and Vericel (VCEL) — stocks far less obvious than Meta (META), Amazon (AMZN), Tesla (TSLA) or other megacaps that dominate the… [ad_2] Source link
[ad_1] Ukrainian steel plants are forecasting a significant shortage of scrap metal in 2025 in the domestic market. Specifically, the demand from major market players to ensure metallurgical production in 2025 will amount to 1.75–1.8 million tons, according to Valentyn Makarenko, head of Interpipe Vtormet, during a meeting of the relevant association, UAWtormet. Ivan Kovalevskyi, director of Metinvest-Resource, which supplies scrap metal to Metinvest enterprises, stated that this year the group expects an increase in domestic scrap consumption in Ukraine to 1.73 million tons and plans to use 580,000 tons of scrap itself. At the same time, the head of…
[ad_1] Asset manager Vanguard said on Monday it was lowering the cost of investing across its fund lineup in its largest cut ever and estimated that this would translate into savings of more than $350 million for its investors this year. [ad_2] Source link