Dec 1, 2023

Powell Brushes Off Rate-Cut Speculation as Fed Moves Carefully Telecoms Defy Forecasts by Spending Billions Less in Canada Spectrum Auction Ecopro, Samsung Ink Massive $34 Billion Battery Deal Despite EV Slump Commerzbank Seeks Wealth Fund Investor in Asia, Mideast EU Defense Bonds Needed as Russia Threatens Region, Estonia Says European Stocks Extend $1.2 Trillion Rally Before Powell Speech UAE Aims for COP28 Finance Splash With $30 Billion Climate Fund Cargill Aims to Build Three Biogas Plants in European Venture Colombian Bonds Seen Outperforming as Relief Turns to Optimism Bob Menendez Case Sparks New Jersey Review of SEC, DOJ Officials Sunak Says Masdar, RWE to Invest in World’s Biggest Wind Farm ECB May Consider Interest Rate Cut Next Year, Villeroy Says Putin Seizes Major Airport’s Management From Foreign Shareholders UK’s Young People Flood Back to London But Leave After Age 30 COP28 Latest: Saudi’s MBS Among Leaders Kicking Off UN Talks US Gives $50 Million Boost to Critical Minerals Investor TechMet Bezos Fund Targets Methane From Cows to Curb Food’s Climate Impact Markets today: Stocks gain, U.S. dollar drops ahead of Powell comments NYC’s $15 Congestion Pricing Risks Delay From New Jersey Lawsuit What are the tax implications for Giving Tuesday? Canadians lose financial confidence amid economic concerns: index Inflation, longer sales season weigh on shopping habits this Black Friday Canada's high court to rule if bankruptcy wipes out court-ordered fines in B.C. case Influx of seniors who stay in family home face ballooning borrowing costs: Dale Jackson Thrifting, regifting and bargain hunting: The etiquette of gift-giving on a budget Do your research for Black Friday, because not every deal is a good one, experts warn Young professionals more likely to discuss salary with colleagues: survey 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 New Raleigh Condo Tower in Miami Beach Will Have a $150 Million Penthouse Canada Unemployment Rate Rises to 5.8%, Job Gains Top Forecast Josh Younger on the Art of Bank Asset/Liability Management Billionaire Texan Heir Is Helping Bring Back the Woolly Mammoth Ontario real estate law update with open bidding option enters into force UniCredit Lent About $650 Million to Benko’s Troubled Signa Evergrande Creditors Demand Controlling Stakes in New Proposal China’s Central Bank Holds Fire on Use of Policy Lending Tool House Prices Climb Unexpectedly: The London Rush UK House Prices Rise Unexpectedly for Third Month in November Swedes Increasingly See Housing Prices Recovering From Rout Vietnam Arrests Chairman of Builder LDG For Alleged Deceit Singapore Bank Sues Money Laundering Suspect for $15 Million Australia’s Home-Price Growth Slows as Sydney and Melbourne Cool Freddie Mac US 30-Year Mortgage Rate Falls to 7.22% High interest rates making Ontarians reconsider moving plans: survey Billionaires Behind Secret California City Get Heckled by Locals Trump Gag Order in NY Fraud Case Reinstated by Appeals Court NYC Realtors Are Grappling Over Who Will Pay Their Commissions Kinepolis shelves potential bid for Canada's Cineplex Fintech Ualá Launches First No-Fee Credit Card in Argentina Startup Raises $17.5 Million to Bring AI to Holiday Shopping Logistics Battery Startup Opens Chicago Plant as US Seeks to Curb Reliance on China Pfizer Shares Drop After Axing Twice-Daily Weight-Loss Pill Telecoms Defy Forecasts by Spending Billions Less in Canada Spectrum Auction Mexico to Increase Its Minimum Wage by 20% During Election Year Ecopro, Samsung Ink Massive $34 Billion Battery Deal Despite EV Slump Commerzbank Seeks Wealth Fund Investor in Asia, Mideast EU Defense Bonds Needed as Russia Threatens Region, Estonia Says European Stocks Extend $1.2 Trillion Rally Before Powell Speech Puerto Rico’s Restaurant Scene Has Never Been Better. Here’s Why UAE Aims for COP28 Finance Splash With $30 Billion Climate Fund Cargill Aims to Build Three Biogas Plants in European Venture Slovak Truckers Join Polish Drivers in Ukraine Border Blockade Bob Menendez Case Sparks New Jersey Review of SEC, DOJ Officials Sunak Says Masdar, RWE to Invest in World’s Biggest Wind Farm Florida’s Biggest Insurer Is Focus of Senate Committee Probe Canadian bank earnings were messy this quarter: portfolio manager Battery Startup Opens Chicago Plant as US Seeks to Curb Reliance on China Pfizer Shares Drop After Axing Twice-Daily Weight-Loss Pill Ecopro, Samsung Ink Massive $34 Billion Battery Deal Despite EV Slump EU Defense Bonds Needed as Russia Threatens Region, Estonia Says UAE Aims for COP28 Finance Splash With $30 Billion Climate Fund Cargill Aims to Build Three Biogas Plants in European Venture Sunak Says Masdar, RWE to Invest in World’s Biggest Wind Farm Florida’s Biggest Insurer Is Focus of Senate Committee Probe Putin Seizes Major Airport’s Management From Foreign Shareholders COP28 Latest: Saudi’s MBS Among Leaders Kicking Off UN Talks US Gives $50 Million Boost to Critical Minerals Investor TechMet Bezos Fund Targets Methane From Cows to Curb Food’s Climate Impact Oil price news: Oil holds losses as traders take skeptical view of OPEC+ cut Germany to Punish Clean-Energy Laggards With Higher Grid Fees Airbus’s High Altitude Aircraft Looks to Challenge Musk’s SpaceX Copper Climbs to 11-Week High on Panama Mine Risk, Shortfall Shipping Giants Want an End Date for Fossil Fuel-Only Vessels Billionaire Texan Heir Is Helping Bring Back the Woolly Mammoth Israel Resumes War Against Hamas in Gaza After Week-Long Truce The Daily Chase: Jobs data, bank earnings mixed bag Unemployment rate rises to 5.8% in November as job market continues to cave Canada economy surprisingly shrank 1.1% in third quarter What do the latest GDP figures mean for the Bank of Canada? The Daily Chase: GDP contraction and earnings from RBC, CIBC, TD Most Canadians not ready for retirement: Deloitte New Brunswick public sector pension plans to be transferred to shared-risk model Respondents to Bank of Canada questionnaire largely oppose creating a digital loonie Labour shortages cost businesses $38B in potential revenue: CFIB report U.S. economic growth for last quarter is revised up to a 5.2% annual rate The Daily Chase: Couche-Tard beats expectations Demand falls for winter recreational homes: Royal LePage High rates untenable amid household 'debt crisis': Rosenberg CIB provides $52M loan for Thompson Regional Airport redevelopment in Manitoba P.E.I. utility seeks rate hike for $37M in post-tropical storm Fiona losses Larry Berman on where markets might go in 2024 The Daily Chase: Scotiabank earnings miss Government impersonation, phishing are top financial scams, Interac survey finds Saskatchewan projects $250M deficit in mid-year financial report, expenses up $1.3B Mexico to Increase Its Minimum Wage by 20% During Election Year EU Defense Bonds Needed as Russia Threatens Region, Estonia Says Slovak Truckers Join Polish Drivers in Ukraine Border Blockade Florida’s Biggest Insurer Is Focus of Senate Committee Probe Putin Seizes Major Airport’s Management From Foreign Shareholders TikTok Ban in Montana Blocked by Court as Free Speech Threat COP28 Latest: Saudi’s MBS Among Leaders Kicking Off UN Talks El Salvador Names Caretaker President as Bukele Seeks Reelection Modi Offers India as Host of COP Climate Talks in 2028 Senate Border Policy Talks Drag, Jeopardizing US Aid to Ukraine Madagascar’s Top Court Validates President’s Re-Election Brazil to Join OPEC+ Alliance Charter in Non-Binding Move UK Orders Reviews Into Abu Dhabi-Backed Telegraph Takeover King Charles Urges Action to Slow World’s Descent Into Danger Greece Aims to Be an Energy Security Provider, Premier Says South African Factory Manager Outlook Worst Since Covid Lockdown Greek PM Seeks Calm After UK Elgin Marbles Row Sunak Says Patience Is ‘Wearing Thin’ Over Blocked Rwanda Plan US and Allies Impose New Sanctions on Old North Korean Foe Startup Raises $17.5 Million to Bring AI to Holiday Shopping Logistics Battery Startup Opens Chicago Plant as US Seeks to Curb Reliance on China Telecoms Defy Forecasts by Spending Billions Less in Canada Spectrum Auction Ecopro, Samsung Ink Massive $34 Billion Battery Deal Despite EV Slump The hidden environmental cost of your overflowing email inbox TikTok Ban in Montana Blocked by Court as Free Speech Threat Airbus’s High Altitude Aircraft Looks to Challenge Musk’s SpaceX Amazon-Backed E-Plane Startup, Beta, Expanding in Upstate NY US Sets Stringent Limits on Chinese Content for EV Tax Credit TikTok Seeks to Avoid EU Clutches Amid Fight Over Digital Law BYD Has Tesla in Its Sights as EV and Hybrid Sales Hit Record Bitcoin Brings $40,000 Into View After More Than Doubling in a Chaotic Year Credit-Starved Venezuelan Shoppers Flock to Buy Now, Pay Later App Cashea Desmarais-Backed Venture Firm Gets Money for Climate Tech Fund Binance’s VIP Traders Got Sneak Peek of Record US Crypto Penalty Bitcoin Rally Pushes Token to Highest Level of 2023 Japan’s LDP Seeks to Keep Checks on Foreign Ownership of NTT Methane Leak in Argentina Halted After Satellite Observation Musk Poised to Hand Tesla Cybertrucks Over to First Customers 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. China Stocks Trim Losses on Report State-Owned Firm Bought ETFs Coinbase Stock Triples in 2023 After Firm Survives Crypto Chaos Cathie Wood Clocks in Best Month Ever Despite Waning Fanbase Vanguard’s Biggest Bond ETF Becomes First to Break $100 Billion MicroStrategy’s Saylor Makes Biggest Bitcoin Purchase In More Than 2 Years Investors Poured a Record Amount of Money Into Junk-Bond ETFs Last Month Grayscale Trust Becomes ‘Live Betting Line’ for Spot Bitcoin ETF Bitcoin Will Reach Its Old Highs With ETF Approval, Galaxy’s Novogratz Predicts The $7 Trillion ETF Boom Gets Blamed Again for Dumb Stock Moves First Asia ETF Tracking Saudi Arabian Stocks Debuts in Hong Kong Gold, Copper Climb as Fedspeak Boosts Bets on Interest-Rate Cuts Bitcoin Retakes $38,000 While Rate Cut Expectations Increase Shorting Volatility, Buying Bitcoin Are 2023’s Surprise Winners Wall Street’s $300 Billion Middleman Rides Model-Portfolio Boom China Remains Risk for EM Equity Rally Driven by Earnings, Flows Meme-Stock ETF Shuts After Failing to Attract Day Traders Bitcoin ETF Optimism Spurs Largest Asset Inflows Since Late 2021 Traders Buy Argentina ETF at Fastest Pace in Almost a Decade Billions Wiped Out as Stock-Safety Trade on Wall Street Misfires 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 Heejin Kim, Bloomberg News An automobile model displaying electric vehicle (EV) technologies shows a panel reading "100% Charged" at the Samsung SDI Co. pavilion on the opening day of the Munich Motor Show (IAA) in Munich, Germany, on Tuesday, Sept. 5, 2023. Europe's automakers are showing off their latest battery-powered vehicles at the IAA Mobility car show this week as they try to challenge Tesla Inc. and fend off growing competition from China. , Bloomberg (Bloomberg) -- Ecopro BM Co. signed a long-term contract with Samsung SDI Co. to provide a key ingredient for electric-car batteries, despite higher interest rates curbing demand for battery-powered vehicles. The Cheongju, South Korea-based firm inked a contract Friday with Samsung to supply cathode-active materials worth 43.8 trillion won ($33.5 billion) between 2024 and 2028, according to a company filing released after the stock market closed in Seoul. The cathode is based on nickel-cobalt-aluminum chemistry and is used for high-nickel batteries, Ecopro said in the filing. Ecopro’s cathodes will be provided to Samsung’s plants in South Korea and abroad, the filing said, without elaborating. Samsung is planning two battery plants jointly with Stellantis NV in Kokomo, Indiana, and has a plant in Hungary. The massive deal comes as carmakers slashed sales targets for EVs with higher interest rates hurting automobile purchases. Meanwhile, the Biden administration has set rigorous limits on sourcing battery minerals from China and other foreign adversaries. That has created an opportunity for countries like South Korea along with challenges for them to reduce their heavy reliance on Chinese components. Read More: US Sets Stringent Limits on Chinese Content for EV Tax Credit Ecopro seeks to have a 710,000 tons of cathodes by 2027, including 180,000 tons now just in South Korea. It’s building its own plant in Hungary and another in Canada jointly with SK On Co. and Ford Motor Co. ©2023 Bloomberg L.P.