The U.S. travel sector has been surprisingly resilient when it comes to travel. Domestic travel numbers have returned to pre-pandemic levels and air travel has surged even as more than a third of travelers planned to take on debt for summer trips. However, inflation-weary consumers might be taking their money elsewhere when it comes to … Read more
By Staff The Canadian Press Posted September 10, 2024 7:38 am 1 min read Descrease article font size Increase article font size Former Bank of Canada governor Mark Carney will present his vision for the Liberals’ economic policy when he meets with MPs in Nanaimo, B.C., today. The party announced Carney’s new role as chair … Read more
Turkish Foreign Minister Hakan Fidan attends the BRICS+ session on a two-day BRICS foreign ministers summit held in Nizhny Novgorod, Russia on June 11, 2024. Sefa Karacan | Anadolu | Getty Images Turkey’s request to join the BRICS alliance is a move seen as both strategic and symbolic as the Eurasian country of 85 million … Read more
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market rebound: Stocks were rebounding to start the week, recovering some of Friday’s steep losses. It looked like some dip buying after last week’s brutal start … Read more
Alimentation Couche-Tard Inc. says it is “disappointed” in a refusal of its takeover offer by the Japanese owner of 7-Eleven and remains focused on reaching a deal. In a news release Sunday, the Quebec-based convenience store operator argued its proposal offers clear strategic and financial benefits and it believes the two companies can reach a … Read more
For months, economists have wrestled with the disconnect between how well the economy is doing and how badly people feel about their financial standing. Now, evidence suggests that the so-called vibecession, or that prolonged period of negative sentiment about the economy, appears to be ending, according to Michael Pearce, deputy chief U.S. economist at Oxford Economics. As inflation cools … Read more
We’re selling 25 shares of Procter & Gamble at roughly $176 each. Following Monday’s trade, Jim Cramer’s Charitable Trist will own 325 shares of P & G, decreasing its weighting to 1.75% from 1.9%. Consumer goods powerhouse Procter & Gamble has been a solid performer lately, rallying to new all-time highs in a weak tape … Read more
Air Canada is working on plans to start suspending operations ahead of a looming pilot strike, the carrier said in a statement Monday morning. Unless a settlement is reached by Sunday, either Air Canada or the Air Line Pilots Association (ALPA), which represents 5,200 Air Canada pilots, could issue a 72-hour lockout or strike notice. … Read more
Here are the most important news items that investors need to start their trading day: 1. Looking for a rebound Stock futures ticked higher Monday after equities tumbled last week. The S&P 500 dropped 4.3% for the period, its worst week since 2023. The Nasdaq Composite shed 5.8% in its poorest week since 2022, and … Read more
Italian Prime Minister Mario Draghi during the press conference at the Multifunctional Hall of the Prime Minister on July 12, 2022 in Rome, Italy. Massimo Di Vita | Mondadori Portfolio | Getty Images Economic growth in the European Union continues to lag behind that of China and the United States, threatening the bloc’s goals of … Read more
