Nov 17, 2023

TSX recap: Index climbs 0.61% on strength in energy Israel Latest: Netanyahu Defends Hospital Raid as Pressure Rises Wall Street Traders Are Placing All-or-Nothing Bets on a Soft Landing Texas Faces Threat of Blackouts After Grid Fails to Secure New Power Supply Panama’s Supreme Court to Deliberate on Copper Mine Contract Next Week Markets today: 'epic' stock rally fades amid signs of overheating Goodyear Is Elliott’s Latest Win in Activist’s Track Record of Stock Gains The Week Ahead: fall economic statement; CPI data due Vale to Lower Indonesia Stake to Meet Ownership Rules ECB May Have to Tighten More in Case of Oil Shock, Wunsch Says Oil’s ‘Dead Cat Bounce’ Spares Energy Stocks From Greater Pain Bond Market Gets Lifeline as $25 Trillion Gauge Erases 2023 Loss Markets today: S&P 500 stuck in tight range after ‘epic’ rally Wall Street’s Favorite Bankruptcy Tactic Gets Loans Repaid in Cash Plant-Based Dairy Miyoko’s Creamery Is Raising Funds, Preparing for Potential Sale A Slew of Wacky Exchange Rates Are at Stake in Argentina’s Election Permian Drillers Boost Oil Rigs in Latest Bid for Sustaining Growth Manchester United Gets Equity Value of £4.4 Billion in Ratcliffe Offer How United and Other US Airlines Lost Momentum on Sustainable Jet Fuel Top 1% of tax filers saw incomes rise by almost 10% in 2021: Statistics Canada Kids should learn financial literacy in school over 'parallelograms and rhombuses': author Ottawa extends deadline for Underused Housing Tax Financial advice from AI may be educational but not holistic, experts say Women less likely than men to request a raise, negotiate salary: surveys Timing, patience key to nabbing affordable concert, sports resale tickets: fans Many Canadians 'uncomfortably close to broke': MNP It’s never too early to think about tax-loss selling: Dale Jackson Many Canadians stuck in 'chaotic whirlwind of personal finance stress': Edward Jones Money manager of $205M in assets explains how meditation informs his decisions Canadian tech workers make 46% less than U.S. counterparts: TMU study HELOCs can play a vital role in your finance toolkit: Dale Jackson Financial planning for raising kids: expert says cash flow is key HELOCs can play a vital role in your finance toolkit Financial stress levels climb as Canadians use debt to pay for essentials Looking for flights on a budget? Consider price freezing and other newer trends Employers set aside less for 2024 pay increases: survey Financial uncertainty new normal for many Canadians, RBC survey shows Bank of Canada rate pause opens sweet spot for savers: Dale Jackson Measure of Risk for Private Credit CLOs Signals Potential Danger Swedish Landlord SBB May Be Cut to Selective Default by S&P IRS Urged to Crack Down on Wealthy Tax Cheats in Puerto Rico Mortgage Growth in Canada Hasn’t Been This Weak Since 2001 New US Home Construction Increased Unexpectedly in October China Vows to Meet ‘Reasonable’ Funding Needs of Property Firms Muni Bond Blowup Exposes Flaws in $600 Billion Corner of Market Hong Kong’s Regulator Buys 12 Floors From Swire Properties Athens Home Prices Are Surging Faster Than Other European Cities Mobius Joins Hedge Fund Elite Planning Dubai Investing Venture China Puts Money Behind Singapore Model in Major Housing Shift California Cuts Rooftop Solar Credits for Apartments and Schools Trump Gag Order in Fraud Case Put on Hold by Appeals Court Homebuilder Shorts Are Ripe for a Squeeze With Rally Gaining Strength October housing starts a 'minor miracle' but not enough: expert US Mortgage Rates Fall for Third Week, Dropping to 7.44% Mars Offers to Buy Britain’s Hotel Chocolat for £534 Million Germany’s Older House Prices Drop as Buyers Demand Discounts US Homebuilder Sentiment Declines to Lowest Level This Year Altman to Leave OpenAI After Board Says He Wasn’t ‘Candid’ Texas Faces Threat of Blackouts After Grid Fails to Secure New Power Supply Panama’s Supreme Court to Deliberate on Copper Mine Contract Next Week Citigroup’s Wave of Job Cuts Set to Start as Soon as Monday Goodyear Is Elliott’s Latest Win in Activist’s Track Record of Stock Gains Adobe’s $20 Billion Figma Deal Gets EU Warning Shot Tesla Investor Sees Risk to Brand From Musk’s Antisemitic Post Trump’s Mistrial Motion in NY Fraud Case Rejected by Judge Biden Urges AMLO to Keep Cooperating on Fentanyl, Border US Limit on a Key ADHD Drug Is Worsening Shortages, Group Says IBM, EU and Lionsgate pull ads from Elon Musk's X as concerns about antisemitism fuel backlash Vale to Lower Indonesia Stake to Meet Ownership Rules Oil’s ‘Dead Cat Bounce’ Spares Energy Stocks From Greater Pain Bond Market Gets Lifeline as $25 Trillion Gauge Erases 2023 Loss Biden Uses War-Time Law to Fund Heat Pumps Citing Climate Crisis Wall Street’s Favorite Bankruptcy Tactic Gets Loans Repaid in Cash Plant-Based Dairy Miyoko’s Creamery Is Raising Funds, Preparing for Potential Sale A Slew of Wacky Exchange Rates Are at Stake in Argentina’s Election Permian Drillers Boost Oil Rigs in Latest Bid for Sustaining Growth Texas Faces Threat of Blackouts After Grid Fails to Secure New Power Supply Panama’s Supreme Court to Deliberate on Copper Mine Contract Next Week Goodyear Is Elliott’s Latest Win in Activist’s Track Record of Stock Gains Vale to Lower Indonesia Stake to Meet Ownership Rules ECB May Have to Tighten More in Case of Oil Shock, Wunsch Says Oil’s ‘Dead Cat Bounce’ Spares Energy Stocks From Greater Pain Biden Uses War-Time Law to Fund Heat Pumps Citing Climate Crisis Plant-Based Dairy Miyoko’s Creamery Is Raising Funds, Preparing for Potential Sale Permian Drillers Boost Oil Rigs in Latest Bid for Sustaining Growth How United and Other US Airlines Lost Momentum on Sustainable Jet Fuel Meat Producer JBS Reopens Fire-Hit Beef Plant as Brazil Cattle Supplies Grow Oil price news: Oil rallies on expectations OPEC will move to support prices Hunt to Invest £4.5 Billion in British Manufacturing From 2025 Alibaba Dents Emerging-Market Stocks’ Best Month Since January Cargill-Hired Wheat Ship Sailing in Black Sea Damaged by Blast Russia Lifts Gasoline-Export Ban With Ample Domestic Supplies Trafigura Invests in Korean Plant Making Nickel Products for EVs Asia LNG Buyers Are Paying a Panama Chokepoint Premium for 2024 Truckers to Pressure EU in Protest Over Ukraine Transport Deal U.S. business sentiment on Canadian economy hits 'record low': AmCham Canada head Gen Z to overtake boomers in U.S. workforce by early next year: report The Daily Chase: Oil enters bear market; Gap exceeds analyst expectations 'No-brainer': Alberta panel hears callers urge split from Canada Pension Plan Small business owners call on government to take on Amazon, level playing field U.S. realtor commission ruling sets 'blueprint' for Canadian case: lawyer 25% of Canadians have not paid off last holiday season's debt: survey ​The Daily Chase: EV charger funding Frustrated tech leaders call for progress on open banking to increase competition CMHC says annual pace of housing starts in October up 1% from September Freeland touts need for grocery competition after Loblaw, Metro post higher profits Cities facing 'unprecedented challenges,' Montreal mayor says as property taxes rise Addressing Indigenous inequities could boost economy by 0.5%: RBC report ​The Daily Chase: Big grocers report earnings Statistics Canada reports manufacturing and wholesale sales up in September Ontario to ban unpaid restaurant trial shifts; part of new labour law Nearly one-third of Newfoundland and Labrador seniors can't afford basic necessities The Daily Chase: Teck selling majority of coal business to Glencore Climate change worries are changing consumer habits: EY survey China’s Xi Calls for Asia-Pacific Regional Peace as He Wraps Up US Trip Trudeau Reiterates Call for ‘Maximum Restraint’ From Israel White House Rejects GOP Subpoena in Biden Impeachment Probe Trump’s Mistrial Motion in NY Fraud Case Rejected by Judge Biden Uses War-Time Law to Fund Heat Pumps Citing Climate Crisis Keep China's communications channels with Canada open, Trudeau urged Xi at APEC Liberia’s Boakai Closes In on Presidency With Most Ballots Tallied Here’s Everything Biden, Xi Agreed to at High-Stakes Summit Trump Loses Bid to Strike Jan. 6 Violence From DC Indictment West African Court Delivers Setback to Senegal Opposition Leader Hunt to Invest £4.5 Billion in British Manufacturing From 2025 Debt Sustainability Is ‘North Star’ for Italy, Top Official Says United and Delta Announce Direct Flights to New Tulum Airport Trump Adviser Stephen Miller’s Legal Group Rakes in $44 Million Crime, Inequality Take Center Stage in Chile Constitution Ads Hunt Plans to Extend UK Tax Breaks for Hospitality, Small Firms Ecopetrol Jumps After Colombian Court Strikes Down Royalty Tax EU Is Bystander in Musk’s X Drama as New Powers Yet to Kick In Here Are Assets to Watch Ahead of Argentina’s Presidential Vote Altman to Leave OpenAI After Board Says He Wasn’t ‘Candid’ Adobe’s $20 Billion Figma Deal Gets EU Warning Shot Tesla Investor Sees Risk to Brand From Musk’s Antisemitic Post Lionsgate Has Suspended All Advertising on X, Spokesman Says Here’s Everything Biden, Xi Agreed to at High-Stakes Summit Alibaba Dents Emerging-Market Stocks’ Best Month Since January Lockbit Gang Hacks Into Another US Financial Firm, Threatens to Dump Data Jump Spins Off Wormhole Project, Shrinking Its Crypto Business EU Is Bystander in Musk’s X Drama as New Powers Yet to Kick In US Washout on Indo-Pacific Trade Deal Opens the Door to China Here Are Assets to Watch Ahead of Argentina’s Presidential Vote Billionaires Niel, Saadé and Schmidt Invest in €300 Million AI Lab Echoes of Bitcoin’s 2021 Record Run Emerge in the Derivatives Market Stripe-Backed Nigerian Fintech Paystack Cuts Overseas Staff Applied Materials Declines After Report of US Criminal Probe Big Tech’s $2 Trillion Rally Saves Nasdaq From Correction UK Chancellor Has ‘Wafer Thin’ Room for Tax Cut, Analyst Says Wall Street Bosses Turn to AI to Help Write Performance Reviews Brazil Supply Chain Startup Closes Financing Led by Riverwood 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. JPMorgan’s Struggling ETFs Show Demand Crisis for Do-Good Funds Jump Spins Off Wormhole Project, Shrinking Its Crypto Business Active ETF Boom Is Mostly a Mirage as Stockpicking Fades Away Crypto Firm CoinShares Looks to Buy ETFs From Rival Valkyrie Biggest Stablecoin Issuer Tether Now Wants to Become a Major Bitcoin Miner Bitcoin Flirts With $38,000 as Spot ETF Hopes Encourage Bull Run SEC Defers Decisions on Spot Bitcoin ETF, Grayscale Ether Futures Filings Bitcoin-Stocks Correlation Now Most Negative Since Covid’s Onset Druckenmiller, Soros Cut Stakes in Nvidia After Share Surge Former Crypto Lender Genesis Executive Garcia Starts New Venture Stocks and Bonds Rally as Traders Bet That Fed Hikes Are Done Michael Burry Is Betting Against Semiconductors Fake BlackRock Fund Filing Triggers a Brief Rally in XRP Cryptocurrency Emerging-Market Stocks Halt Declines as China Sentiment Improves Mexico ETF Sees Best Week in 5 Years on Resiliant Economy Bets ETF to Cover $8 Billion in Short Options and the Market Knows It One Year After FTX Imploded, Here’s How Crypto Is Changing Bitcoin ETF Exuberance Drives Four-Week ‘Nothing for Sale’ Rally UBS Allows Wealthy Clients to Trade Crypto ETFs in Hong Kong World Series breakthrough for teams’ business Shane Pinto suspension the result of a regulated gambling market that works, say industry insiders Canadian Football League fanatics fuel financials What’s next for private equity investment in professional sports? Canada’s Davis Cup team finding love Impact of Jersey Ads on the NHL Promising Puck Drop for PWHL Betting on Women's Sports is on the Rise NHL expands market to Oz ‘Tis the Season for Selling Sports Books Television deals, ratings generate record-setting NFL revenue Playing for global basketball and sponsorship glory Awareness still at disadvantage in decades-long battle for tennis pay equity FanDuel, Rivalry deliver something new for betting customers Corporations considering Canadian cricket Naureen S. Malik, Bloomberg News Power lines near Austin, Texas, US, on Friday, Aug. 25, 2023. Texas narrowly skirted a statewide power emergency yesterday after unexpected rain brought temporary relief from record heat, but despite Thursday's wet respite triple-digit temperatures are expected for days to come. , Bloomberg (Bloomberg) -- Texans are facing the threat of blackouts from severe storms this winter after the state’s grid failed to secure additional power supply to significantly reduce the risk. The Electric Reliability Council of Texas, or Ercot as the grid operator is known, only received 11.1 megawatts of offers from consumers who promised to curtail usage during tight conditions, according to a Friday statement. The grid operator was vying to procure up to 3,000 megawatts for this December through February, typically enough to power about 600,000 homes, according to an Oct. 2 notice. Dallas Morning News reported the news earlier Friday after an interview with Ercot Chief Executive Officer Pablo Vegas. Ercot had made the urgent appeal for spare electricity to avoid an “unacceptable” risk of a power emergency in extreme conditions. Regulators and lawmakers have rushed to find ways to bolster the state’s electricity system after the grid collapsed during a series of winter storms in 2021, killing hundreds of people as homes and businesses were left in the dark. The grid operator’s push to solicit seasonal capacity was unprecedented in a region that has long relied on market forces to procure supplies. Demand is poised to climb to another winter record in a cold blast. Next January, Ercot sees a 21% probability of a grid emergency and an almost 17% chance of rolling blackouts if Texas sees extreme weather around 8 a.m. local time, which is seen as the riskiest hour. ©2023 Bloomberg L.P.