Canada’s Conservatives hammer Trudeau on slowing economy ahead of vote
Canada’s Conservatives hammered Liberal Prime Minister Justin Trudeau on Tuesday after data showed that the country’s economy unexpectedly shrank in the second quarter and again in July, putting the economy at the center of debate three weeks ahead of a national election.
Explainer: Why and how China is drastically limiting online gaming for under 18s
China on Monday introduced new rules that limit the amount of time under-18s can spend on video games to three hours a week, a move it said was necessary to combat gaming addiction.
Lufthansa cash-positive this summer, rescue deal on track – CEO
German airline Lufthansa (LHAG.DE) will generate positive cash flow this summer, while it should be possible to fully unwind a COVID-19 rescue package in a year’s time, CEO Carsten Spohr said late on Monday.
Apple will not call employees back to work until 2022
The Delta variant has become the latest roadblock to reopening offices and employees returning to work. Apple has postponed returning employees to the office until January at the earliest, citing concerns about an increase in Covid cases. Employees were notified of the decision in a company memo sent out on Thursday, according to Bloomberg News. […]
Asian shares jump in on Fed’s dovish chair!
After U.S. Federal Reserve Chairman Jerome Powell struck a more dovish tone than some investors expected in a long-awaited speech on Friday, Asian shares started the week with gains and the dollar was not far off two-week lows. Meanwhile, oil prices increased after energy companies halted output as Hurricane Ida blasted into the United States’ […]
The South Korea Parliament has passed a bill to curb Google and Apple’s Dominance!
The South Korean parliament approved a bill on Tuesday that prohibits major app store operators such as Google and Apple from forcing software developers to use their payment systems, effectively prohibiting commissions on in-app purchases. It’s the first time a major economy has taken action against companies like Apple Inc (AAPL.O) and Alphabet Inc’s (GOOGL.O) […]
Zoom’s shares Showing a Declining Trend!
Zoom (ZM.O) shares slid more than 11% in premarket trading on Tuesday, after the video conferencing company reported a faster-than-expected drop in demand and analysts questioned the company’s long-term plans as people return to work. Zoom is a communications technology company based in San Jose, California. Zoom’s assertive profitability, as well as its software’s ease-of-use […]
Correction in global stocks likely, funds trim equity allocations
A modest correction in global stock markets is likely by the end of this year, according to a slim majority of fund managers polled by Reuters who recommended trimming global exposure to equities in August in favour of bonds.
Canada bank investors fret over pace of lending recovery as deposits surge
Canadian banks started to see a much-awaited improvement in their core lending outside of mortgages in the third quarter, helping offset the impact of falling margins, but the benefits from the recovery are expected to be blunted by deposits growing at faster clip.
Robinhood shares tumble after PayPal news, SEC scrutiny of key revenue stream
Shares of Robinhood Markets Inc (HOOD.O), a popular gateway for trading meme stocks, tumbled nearly 7% on Monday on news that PayPal Holdings Inc (PYPL.O) may start an online brokerage and a report saying regulators were looking at a possible ban on a practice that accounts for the bulk of the company’s revenue.
