Benchmark

Sep 1, 2023

Ferrari, Saint-Gobain to Join the Euro Stoxx 50 Benchmark Mohamed Al Fayed, Tycoon Who Clashed With Royals, Dies at 94 Ex-Sculptor CEO Shafir Won’t Support Sale to Rithm, NYTimes Says Pot Stocks See Best Week Since 2020 on Call to Lower Marijuana Risk Category Stock Traders Get Back to Believing Everything Is Just Perfect U.S. stock rally wanes at end of best week since June Dollar General Loses Wall Street Fan Base After Earnings Blowup Credit Funds Pemberton, Sona Seek Entry Into European CLO Market Hong Kong Shuts Stock Market, Schools as Super Typhoon Nears Hedge Funds, Private Equity Sue SEC Over Fee Disclosure Rules Oil Heads for Solid Weekly Gain as Russia to Extend Export Cuts A California Community Is Fighting Back Against Utopian City Funded by Ultra-Rich Fed Short-Term Investment Facility Loses Ground to Alternatives Microsoft-Backed Rubrik Aims for IPO as Soon as This Year Oil Tanker Earnings Plummet Amid Outlook for Deeper OPEC+ Curbs Plant-Based Egg Maker Eat Just Gets New Funding Amid Cash Crunch Macau Shutters All Casinos as Typhoon Saola Hits Gambling Hub Surprise Contraction Means Bank of Canada Is Probably Done Hiking Rates World’s Biggest Miner Reviews Newly Acquired Brazilian Assets Strike at Mexico Gold Mine Costs Newmont $3.7 Million a Day 3 silent portfolio killers that could drain your retirement savings Millennials’ debt has 'ballooned': RBC economist Dale Jackson: Options could be the right option for your portfolio Canadian tech company uses AI to assess loan qualifications Don’t shy away from asking for a raise, even with recession fears: Experts Finding the right investments for a FHSA can be tricky Canadian spending habits showing early signs of slowing, RBC report finds Dale Jackson: Is your mutual fund really an overpriced ETF? Young Canadians flocking to First Home Savings Accounts, banks say Spending on fun isn’t impossible — it’s just hard, experts say Majority of parents worry about their kid's financial future: Survey Bank of Canada delivers growth and security to retirement portfolios What to consider before budgeting with the cash-stuffing method Northwest Territories to increase minimum wage by nearly 5.6 per cent WonderFi interim CEO on possible changes now that crypto merger is finalized Debt, savings worries up as higher interest rates and costs take a toll: surveys Set your investment portfolio for summer, but don’t forget it Canada Post, TD end MyMoney loan program after less than a year Bank stocks versus GICs: Battle of the income titans NYC Airbnb Registration Backlog Piles Up Ahead of New Rules Calgary home sales hit record high in August while inventory drops Mortgage owners should brace for possible rate hike next week, experts say Crackdown on Airbnb Hosts Spurs Lawsuits, Losses, Longer Stays Metals Rally After China Bolsters Moves to Halt Economy’s Slide Norway’s DNB to Grow Sweden ECM Unit as Property Firms Seek Cash China Ramps Up Campaign to Boost Fragile Economy, Currency Shanghai Gives More Homebuyers First-Time Status to Boost Market Dubai Hotel Bets on Booze and DJs, and More Middle East Luxury News UK House Prices Fall the Most in 14 Years, Nationwide Says Swedish Home Buyers Cancel Bookings on New Houses at Record Rate Tycoon Cheng Family Plans to Keep NWS Listed After Buyout Deal Superdry Says Extreme Weather Hit Summer Sales: The London Rush China Factory Activity Unexpectedly Expands, Caixin Survey Shows Here’s Everything China Is Doing to Save Its Property Market Japan Firms Cut Capital Spending for First Time in Over Year China’s Major Banks Cut Deposit Rates to Protect Profitability Trump Under Oath: Assets Are ‘Mona Lisas,’ His Name Worth $3 Billion Taiwan Banks’ Participation in China Loans Falls to Record Low Mohamed Al Fayed, Tycoon Who Clashed With Royals, Dies at 94 Ex-Sculptor CEO Shafir Won’t Support Sale to Rithm, NYTimes Says Pot Stocks See Best Week Since 2020 on Call to Lower Marijuana Risk Category Tech Industry Dodges California Social Media Addiction Bill Dell Sales Top Estimates in Positive Signal for PC Market Dollar General Loses Wall Street Fan Base After Earnings Blowup DeSantis Group Urges Donors for $50 Million in Sign of Cash Crunch Credit Funds Pemberton, Sona Seek Entry Into European CLO Market Hong Kong Shuts Stock Market, Schools as Super Typhoon Nears NYC Airbnb Registration Backlog Piles Up Ahead of New Rules Hedge Funds, Private Equity Sue SEC Over Fee Disclosure Rules Competition Bureau OKs RBC-HSBC sale, but notes concentration of banking services Disney Yanks ESPN Off Charter Cable Ahead of Football Season A California Community Is Fighting Back Against Utopian City Funded by Ultra-Rich Microsoft-Backed Rubrik Aims for IPO as Soon as This Year Humana Sues to Block Medicare Rule That Threatens Clawbacks Amazon Adds Cloud Executives, Zoox Chief to Jassy’s Senior Team Oil Tanker Earnings Plummet Amid Outlook for Deeper OPEC+ Curbs Plant-Based Egg Maker Eat Just Gets New Funding Amid Cash Crunch A California Community Is Fighting Back Against Utopian City Funded by Ultra-Rich Oil surges through US$85 barrier as OPEC+ supply cuts grip market Mexico’s Dos Bocas Produces Fuel Over a Year After Inauguration Oil Tanker Earnings Plummet Amid Outlook for Deeper OPEC+ Curbs Plant-Based Egg Maker Eat Just Gets New Funding Amid Cash Crunch Macau Shutters All Casinos as Typhoon Saola Hits Gambling Hub World’s Biggest Miner Reviews Newly Acquired Brazilian Assets Strike at Mexico Gold Mine Costs Newmont $3.7 Million a Day South Africa Set for Growth Take-off if Reforms Happen, IMF Says Peru’s Prices Slow Less Than Expected in Central Bank Challenge Startups Are Inventing Cooling Clothes for a Hotter Future Spanish Food Industry Group Makes Plea for Water as Drought Threatens Crops Ditching Coal Proves Tricky for Owner of Dirtiest EU Power Plant Traders Are Paring Back Long-Term US Inflation Expectations Another Glencore Veteran Departs as Trader Popovic Retires Sanctioned Russian Tycoon Joins Gorbachev Foundation Board European Stocks Edge Higher Before US Jobs Data; Aurubis Sinks Africa Offers Global Warming Solution in 1st Climate Declaration Lula Strengthens Grip on Brazil Politics as Economy Defies Odds What are economists saying about the latest GDP figures Record-breaking wildfires drag economic growth lower in Canada Canada economy slows sharply, supporting rate pause The Daily Chase: David Dodge: Canada 'not going back' to pre-pandemic interest rates ​The Daily Chase: CIBC misses expectations; Shopify and Amazon team up Spending data suggests 'soft patch' is here to stay: TD report Bank of Canada’s next rate move depends on Friday economic data Rising housing costs push more Canadians to co-purchase properties: Survey Non-permanent residents in Canada undercounted by one million: CIBC ​The Daily Chase: National Bank misses; Tentative deal in Metro strike The Daily Chase: Misses from BMO, Scotiabank Canada will be affected by China's economic volatility: Expert ​The Daily Chase: Autoworkers approve strikes; Bank earnings week Canadian banks face squeeze between climate expectations, market pressures Unifor autoworkers overwhelmingly vote to authorize strikes at GM, Ford, Stellantis Grocery prices stayed high in June: StatsCan ​The Daily Chase: View from Jackson Hole; Teck coal bids Mexico’s Dos Bocas Produces Fuel Over a Year After Inauguration Strike at Mexico Gold Mine Costs Newmont $3.7 Million a Day Biden Hails US Jobs Data in Latest Bid to Tout Economic Agenda Denmark Orders Russia To Cut Embassy Staff After Failed Talks Finland’s Marin Formally Steps Down as Leader of Social Democratic Party Brazil to Send Business Leaders to Cuba in Push to Rebuild Ties Romanian Premier Says He’ll Seek Confidence Vote on Tax Changes Singapore Votes for President as Inflation, Scandals Beset City Meta Rejects Trudeau’s Olive Branch in Canada Online News Feud World’s Biggest Interest Rate Cuts Are Chile’s Prize for Taming Inflation Africa Offers Global Warming Solution in 1st Climate Declaration Gabon Bonds Rebound as Reduced Debt Burden Cushions Coup Impact Lula Strengthens Grip on Brazil Politics as Economy Defies Odds Singapore’s Tharman Is Seen As President in Ruling Party Boost Chile Economic Activity Unexpectedly Rises Ahead of New Interest Rate Cut Ukraine Recap: Russia Prepares for Elections in Occupied Regions Brazil Economic Growth Blows Past Forecasts in Win for Lula Meloni Takes Her Chance to Tighten Grip on Italian Capitalism The US, Allies See Opportunity and Risk in China’s Slowing Economy Dell Sales Top Estimates in Positive Signal for PC Market Dollar General Loses Wall Street Fan Base After Earnings Blowup NYC Airbnb Registration Backlog Piles Up Ahead of New Rules Disney Yanks ESPN Off Charter Cable Ahead of Football Season A California Community Is Fighting Back Against Utopian City Funded by Ultra-Rich Microsoft-Backed Rubrik Aims for IPO as Soon as This Year Amazon Adds Cloud Executives, Zoox Chief to Jassy’s Senior Team Tesla’s $41,000 Model X Discount Unlocks Subsidies Musk Wanted Gone Bitcoin Faithful Resume ETFs Approval Guessing-Game After Latest Round of Rejections Millennium Bets $320 Million Against Carlos Slim Startups Are Inventing Cooling Clothes for a Hotter Future Meta Rejects Trudeau’s Olive Branch in Canada Online News Feud Paging Dr. GPT? Tech Investors Bet AI Finally Poised to Transform Health Care Spotify to Limit ‘White-Noise’ Podcasters’ Money-Making Options Japan’s Rapidus on Hiring Spree to Build Cutting-Edge Chips Spanish Women Football Players to Strike Over Failed Wage Talks Crackdown on Airbnb Hosts Spurs Lawsuits, Losses, Longer Stays Broadcom Gives Downbeat Forecast, Signaling Sluggish Chip Demand Robinhood Buys Back Shares US Seized From Sam Bankman-Fried The U.S. Fed is failing in four ways: Mohamed A. El-Erian Apple, JPMorgan turn to pay now grow later Remote Working Boom Is Huge for College Towns Like Knoxville Walmart flashes a warning sign to the entire consumer economy: Andrea Felsted Millennials are finally spending like grown-ups Dismal U.S. GDP report raises the odds of recession this year: Gary Shilling Musk is wrong for Twitter even if deal math works out Chocolate bunnies can teach us to save our food supply The Fed has made a U.S. recession inevitable America's oil reserve weapon risks misfiring Four-day workweeks can burn you out U.S. Fed expects a soft landing. Don't count on it Markets are pushing Fed into developing-economy territory Commodity traders go from bonanza to bailout plea Putin's war shows West must clean up dirty money Salary transparency is good for everyone Microsoft's US$69B Activision deal could be a blunder What if the oil market bulls are wrong and this lonely bear is right? Canada's trucker protest may spread from Ottawa to U.S. Bitcoin Faithful Resume ETFs Approval Guessing-Game After Latest Round of Rejections SEC Delays Decisions on Invesco, WisdomTree Bitcoin ETF Filings Airline Stocks Come Down to Earth as Earnings Outlook Darkens Grayscale Ruling Not Enough to Halt Bitcoin’s Two-Month Losing Streak Bitwise Urges SEC to Greenlight All Bitcoin Spot ETFs as Deadline Looms Cash-Like ETFs Lure Billions as Traders Shelter From Volatility Grayscale Faces ‘Instantaneous’ Fee War In US Spot-Bitcoin ETF Race Active ETFs Cash In on Corporate Reform in Japan Tesla Internal Purchasing Probe Draws US Prosecutor Scrutiny Gutsy Tesla ETF Wants to Time Bets on Famously Volatile Shares Bitcoin ETF Euphoria Recedes While Weary Crypto Advocates Seek More Clarity Marks & Spencer Makes a Return to the FTSE 100 as Hiscox Loses Out in Reshuffle Grayscale CEO Unsure if Firm Has to Refile With SEC for Spot Bitcoin ETF The World’s Biggest Bitcoin Fund Posts Best Day in Two Years on Court Ruling Biggest China ETF Sees Record Inflow on Market Turnaround Bets US Court Paves Way for First Bitcoin ETF in Grayscale Ruling What Grayscale's Court Victory Means for Crypto and a US Spot-Bitcoin ETF Bitcoin, Crypto Stocks Jump After US Court Paves Way for ETF Crypto ETF Drags ESG Label Into Wildly Volatile World of Bitcoin BCE You are now being redirected to the BCE.ca website (Bell Canada Enterprises), where you can view our Accessibility plan, and submit your feedback using our Accessibility webform. Jan-Patrick Barnert, Bloomberg News , (Bloomberg) -- Ferrari NV and Cie de Saint-Gobain SA will join the euro area’s main stock benchmark as of Sept. 18, according to a statement from Stoxx Ltd. The luxury car maker and the French glass manufacturer will replace German real estate company Vonovia and building materials company CRH in the Euro Stoxx 50 benchmark, the index provider said late Friday. Ferrari’s ascent to a listing among the euro area’s most valuable companies is the latest chapter in the iconic car brand’s successful turn as a publicly traded company. Ferrari shares have jumped seven fold since their debut in 2015, and the supercar-maker’s addition to the Euro Stoxx 50 will place it in Europe’s most liquid index. LVMH and Hermes are some of the top members as well as premium car makers BMW AG and Mercedes-Benz Group AG. Ferrari’s clean track record took a hit in August after a disappointing forecast. Before that Ferrari had been able to raise its prices for a clientele that is less impacted by soaring inflation and rising interest rates. Saint Gobain is a maker of glass products used in construction. Its shares have rallied 32% this year. The exit of Vonovia strips the index of its last real estate firm as the sector grapples with the aftermath of a shift in work habits and the squeeze from rising interest rates on asset values and refinancing costs. Inclusion in widely followed indexes is becoming more important for companies in a world increasingly dominated by passive investment funds. ©2023 Bloomberg L.P.