Daily News

Source: BNN Bloomberg June 11, 2024

Chip stocks lose shine as hedge funds snap up software instead

Hedge funds made an about-face last week dumping semiconductor stocks — beneficiaries of the artificial intelligence boom — while snatching up software. Fund managers net sold U.S. technology stocks for the third straight week, according to Goldman Sachs G...

Source: BNN Bloomberg June 11, 2024

Brookfield sells Conrad hotel for US$415 million to ARA Korea

Brookfield Asset Management agreed to sell the Conrad hotel in Seoul to ARA Korea REF, a real estate fund, for US$415 million.   The $925 billion alternative asset manager acquired the five-star hotel, which is part of the International Finance Center prop...

Company News Source: BNN Bloomberg June 11, 2024

Apple debuts long-awaited AI tools, including ChatGPT tie-up

Apple Inc. announced its long-awaited new artificial intelligence features, including tools supported by OpenAI’s ChatGPT, promising to deliver technology that’s personalized, safe and deeply integrated into the iPhone maker’s software.  The platform, call...

Source: Financialpost June 11, 2024

Canada's environmental laws are threatening the buildout of clean energy projects, report says

Environmental regulations aimed at promoting biodiversity and conservation are now slowing the pace of construction Get the latest from Gabriel Friedman straight to your inbox Sign Up The federal Liberal government must find ways to streamline the env...

Source: Financialpost June 11, 2024

Homeownership costs in the U.S. jumped 26% since pandemic began

Expenses including taxes, insurance and utilities all soared during a period of high inflation across the economyThe cost of owning a home in the United States has increased 26 per cent since 2020, as expenses including taxes, insurance and utilities all soa...

Source: Financialpost June 11, 2024

5 reasons why TFSAs aren't always the best fit for everyone

Jason Heath: They could end up costing you if you have debt or RRSP contribution roomReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page....

Source: Financialpost June 11, 2024

Posthaste: This data is making a case for the Bank of Canada to cut interest rates in July

Softer job market seen setting the stage for more rate relief, but not all economists agree We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: This data is making a cas...

Source: Financialpost June 11, 2024

Liberals table capital gains tax changes — what you need to know

Trudeau government pushing ahead with June 25 deadlineReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. Finance Minister Chrystia Freel...

Source: Financialpost June 10, 2024

Why the Canadian dollar could be stuck in a 'low-for-long funk'

Rosenberg Research identifies the winners and losers for investors faced with a weak currencyBy Dylan Smith We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Why the Canadian do...

Source: Financialpost June 10, 2024

More young Canadians want homes and pets over marriage and kids, survey says

61% of Gen Z respondents would choose pets over children Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. With the high cost of living...