U.S.

6 companies benefiting from the pandemic pet boom

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what are we looking for A sustainable dividend from the pandemic pet boom. Screen The pandemic-fueled puppy craze of lonely North Americans stuck at home continues to pay off post-lockdown. General Mills’ cat and dog food business is the latest industry player to announce a jump in sales — up 14% in the most recent … Read more

Evening update: RCMP urged for sweeping reforms in final report of Nova Scotia mass shooting inquiry

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Good evening, Let’s start with today’s headlines: The Mass Casualty Commission (MCC), which is investigating the 2020 mass shooting that killed 22 people in Porta Peake, North Carolina, released a 3,000-page report today Call for sweeping reforms within the RCMP. Months of inquiries and investigations have revealed that the national police service is unprepared to … Read more

3 reasons to be bullish on Canadian dollar: Bank of America strategist

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Daily research and analysis roundup from Globe and Mail market strategist Scott Barlow Howard Du, FX strategist at BofA Securities, found a case to be bullish on the Canadian dollar, “We remain constructive on the Canadian dollar in the medium term because: 1. The Fed is likely to pause its rate hike cycle around mid-2023. … Read more

Pre-market: Futures edge higher as market looks to extend gains

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stock Wall Street futures edged higher early Thursday, as the market looked to extend the previous session’s gains as a tumultuous month draws to a close. Major European markets were higher. Toronto Stock Exchange Advanced futures. Futures tied to the Dow, S&P and Nasdaq were all in positive territory early in the premarket. On Wednesday, … Read more

Moscow arrests Wall Street Journal reporter

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Russia’s top security agency said a Wall Street Journal reporter had been arrested on espionage charges. In this file photo, the Federal Security Service is seen at Lubyanskaya Square in Moscow on July 24, 2017.Associated Press Amid a potential escalation in Russia’s diplomatic row with the United States, Moscow’s FSB security service said it had … Read more

Banking explosion may help curb inflation

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fighting inflationthe recent explosion in the banking sector may prove to be a good thing. Faced with the specter of a full-blown banking crisis, many Lenders will now be forced to step up their defenses. That usually involves tightening lending standards and limiting credit, something the central bank has been trying to coordinate over the … Read more

Evening update: Zelensky warns of unacceptable compromises if Russia becomes entrenched in Ukraine

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Good evening, Let’s start with today’s headlines: The latest developments in the war in Ukraine: Ukrainian President Volodymyr Zelensky warned Unless his country wins a protracted battle in a key eastern city, Russia may begin to drum up international support for a deal that could require unacceptable compromises from Ukraine. He also invited Chinese leaders … Read more

Janet Yellen rejects World Bank capital increase, U.S. nominee expected to lead lender

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US Treasury Secretary Janet Yellen on Wednesday rejected the idea of ​​a near-term capital increase for the World Bank and said she expected the US nominee to lead the institution, former Mastercard CEO Ajay Banga, to be elected president of the multilateral lender. Yellen told U.S. lawmakers she wants the World Bank reformed to substantially … Read more

S&P expects corporate high-yield defaults to double by year-end

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S&P Global Ratings Credit Research & Insights said on Wednesday it expects the U.S. trailing 12-month speculative-grade corporate default rate to reach 4% by December, more than double the 1.7% default rate at the end of December 2022. S&P analysts wrote: “If unemployment rises and discretionary spending falls, as we expect, then consumer-dependent industries (which … Read more