Canada's Prime Minister Justin Trudeau says: * IF HE IS RE-ELECTED, THE FIRST C$15,000 CANADIANS EARN EACH YEAR WILL BE TAX FREE, UP FROM C$12,000 NOW. * HE WILL CUT CELL PHONE COSTS BY 25% OVER FOUR YEARS IF RE-ELECTED Further company coverage:
Banks with more than $47 trillion in assets, or a third of the global industry, adopted new U.N.-backed "responsible banking" principles to fight climate change on Sunday that would shift their loan books away from fossil fuels.
The United States and India are racing to negotiate a limited trade deal that U.S. President Donald Trump and Indian Prime Minister Narendra Modi can sign at the United Nations General Assembly in New York at the end of September, people familiar with the talks said.
From the 1980 s through 2007, household saving followed a predictable pattern. It typically rose after a recession as people paid down debt and rebuilt balance sheets, then declined as they grew more optimistic--and spendthrift. That hasn't happened during the current expansion.
The Federal Reserve cut interest rates Wednesday, yet rates in the mortgage market still rose. Mortgage rates rose on a weekly basis for the second week in a row, potentially threatening to put a damper on home sales just as the real-estate market's outlook was brightening. The 30- year fixed-rate mortgage averaged 3.73% during the week ending Sept. 19, rising 13 basis points from the previous week, Freddie Mac (FMCC) reported Thursday.
People are evenly split one whether a recession will hit in the next 12 months. There are more Americans expecting an economic downturn now than there were just before the start of the Great Recession. A Gallup poll released Friday painted a gloomy picture: people are becoming increasingly pessimistic about the economy and bracing for a recession.
In hiring companies known as online program managers, universities give up what is often a large share of revenues. Boosters of online higher education have long held out the lofty promise that it would bring down the spiraling cost of college while also widening its reach. But a little-known industry of for-profit middlemen, which is skimming off as much as 80% of the proceeds and has U.S. revenues of $1 billion annually, may be thwarting the innovative potential of online...
MKM analyst Bill Kirk slaps sell ratings on Curaleaf (CURLF) and Aurora Cannabis (ACB), but says Acreage Holdings (ACRGF) and Hexo (HEXO) are a buy. MKM Partners initiated coverage of five Canadian cannabis companies and two U.S. multi-state operators on Friday with a cautious outlook, arguing that the current business model of cultivation will become commoditized and make it difficult for companies to build strong brands. In a note entitled, "Don't Smoke the Kool-Aid," analyst Bill Kirk, an executive...
Consumer advocates had feared that the agency would make the database private. The Consumer Financial Protection Bureau is keeping its consumer complaints database public, in a surprising move that may assuage advocates' concerns. The agency said Wednesday that it will continue to publish consumer complaints publicly, but that it was also make significant changes to the database.
A profit warning and muted outlook from package delivery company FedEx Corp (FDX) is prompting some high-profile fund managers to prepare for the trade war between the United States and China to last longer than many had originally anticipated.
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