Category: Business

Canada’s major banks plan to pursue their quest for growth south of the border, their top executives said on Monday, after Bank of Montreal’s $16.3 billion Bank of the West buy last month. With billions of dollars of excess capital and share prices close to record highs, Canadian banks are seeking to expand in the […]

General Motors Co (GM.N) on Monday launched a credit card with Goldman Sachs Group Inc (GS.N) and revamped its rewards program to let customers earn more points to put toward buying or leasing Buicks, Cadillacs and other GM cars, the automaker and bank said in a joint statement. Issued by Mastercard Inc (MS.N) through Goldman […]

Investors and analysts reacted to a slide in heavyweight technology stocks as U.S. Treasury yields continued to climb, as investors factor in the prospect of more aggressive rate hikes from the U.S. Federal Reserve. In mid-afternoon trading the tech-heavy Nasdaq (.IXIC) was down 1.17%, having earlier fallen almost 3%. It dipped below it’s 200-day moving […]

A weak start to 2022 and a host of looming macro and technical headwinds are setting cryptocurrencies up for a rough ride in the weeks to come. The biggest of them, bitcoin , has not managed to hold above the $50,000 mark since its Dec. 4 crash and is down 12% this year. Far from […]

The U.S. Treasury has no plans to delay the 2021 income tax filing season past the normal April 18 deadline after giving taxpayers more time to file returns during each of the two previous years due to the COVID-19 pandemic, Treasury officials said on Monday. The Internal Revenue Service will begin accepting individual income tax […]

Italian luxury group Brunello Cucinelli (BCU.MI) posted on Monday a 31% increase in 2021 revenue at current exchange rates, in line with its latest guidance and a touch above market expectations, after the pandemic triggered a 10% drop in 2020. Last month the fashion house raised its 2021 sales guidance for the fourth time in […]

Short-term inflation expectations held steady in December after rising steadily for more than a year and consumers became more optimistic about their job prospects, according to a survey released by the New York Federal Reserve on Monday. Median expectations for what inflation will be in one year were unchanged at 6.0% after 13 straight months […]