Author: News Room
By Fergal Smith TORONTO (Reuters) -The Bank of Canada is expected to take in stride surprising recent economic strength and leave interest rates unchanged at its meeting on Wednesday, pinning its hopes on activity cooling as higher borrowing costs sink in, analysts said. Last month, the Bank of Canada became the first major global central bank to pause its rate-hiking campaign, after lifting its benchmark rate to a 15-year high of 4.50%. It said no further tightening would be needed if the economy slows, or even moves into a slight recession, as it expects. While inflation has cooled in recent…
© Reuters. Tesla (TSLA) prepares for 2023 Cyber Roundup shareholder meeting on May 16 By Michael Elkins Electric vehicle giant, Tesla Inc. (NASDAQ:) will hold its 2023 Annual Shareholder Meeting (also known as the 2023 Cyber Roundup) on Tuesday, May 16 at 16:00 Central Time at its Gigafactory in Texas. This year’s annual meeting features the potential return of the company’s former Chief Technology Officer JB Straubel. The former CTO has been nominated to become a member of Tesla’s Board of Directors. Straubel is considered one of the company’s co-founders and has been instrumental in numerous battery innovations for Tesla.…
Most Treasury yields fell on Wednesday, led by declines in the 2- and 3-year rates, after data showed U.S. consumer prices rose more slowly in March. What’s happening The yield on the 2-year Treasury TMUBMUSD02Y, 4.016% fell to 3.987% from 4.056% on Tuesday. The yield on the 10-year Treasury TMUBMUSD10Y, 3.415% slipped to 3.402% from 3.433% as of Tuesday afternoon. The yield on the 30-year Treasury TMUBMUSD30Y, 3.632% was 3.647%, up slightly from 3.621% late Tuesday. What’s driving markets Data released on Wednesday showed that U.S. inflation remains stubbornly persistent, even though prices are rising more slowly. Consumer prices rose…
Dear MarketWatch, My daughter moved out of an apartment in 2021, and moved out of state. When she moved back home to Maryland, she tried to find an apartment. Unfortunately, she has been unable to find one because her former landlord said that there was water damage in the kitchen under the sink and between the wall…. Read the full article here
HSBC Holdings’ HSBC U.S. segment said it has hired four Silicon Valley Bank veterans to strengthen its focus on startups, tech, health care and life sciences. The four bankers will be led by David Sabow, who led technology and healthcare banking at SVB, which collapsed last month, and will “establish a dedicated banking practice focused on the innovation economy,” HSBC USA said in a statement. Michael Roberts, HSBC’s chief executive of the U.S. and Americas, said the hires would help “connect the innovation ecosystem” with HSBC’s international reach, and help support early-stage companies at “every phase of their growth.”… Read…
Most Treasury yields fell on Wednesday, led by declines in the 2- and 3-year rates, after data showed U.S. consumer prices rose more slowly in March. What’s happeningWhat’s driving markets Data released on Wednesday showed that U.S. inflation remains stubbornly persistent, even though prices are rising more slowly. Consumer prices rose a scant 0.1% in March due mostly to lower energy prices, below the 0.2% increase forecasted by economists polled by The Wall Street Journal. Meanwhile the annual rate of inflation… Read the full article here
Lawmaker who’s a single mom reveals shocking advice she received Rep. Katie Porter (D-CA) talks to CNN’s Kaitlan Collins about her new book, “I Swear: Politics Is Messier Than My Minivan” and the difficulties of being a single mom in Congress. Read the full article here
A top IMF official has called on seven of the world’s largest economies to bring their government borrowing under control more quickly, saying this would help the fight against high inflation and financial instability.Vítor Gaspar, head of fiscal policy at the IMF, told the Financial Times that Brazil, China, Japan, South Africa, Turkey, the UK and the US were likely to push public debt up by more than 5 percentage points of gross domestic product over the next five years. By 2028, the world’s public debt burden was on course to match the value of goods and services produced in…
Investment Thesis Chewy, Inc. (NYSE:CHWY) is the ”go-to” online pet food delivery service. Given its scale and customer loyalty, this has opened up Chewy’s available product line up beyond just pet food to non-discretionary categories, such as pet treats and pet healthcare. What’s more, given that the majority of its revenues come from its Autoship program, this demonstrates how habitual buying from Chewy has become to its loyal customers. Simply put, there’s a lot of positive about investing in Chewy. My argument is that paying more than 100x forward free cash flow doesn’t compel new potential investors to chase after…
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