May 4, 2023

Chile Will Resume Tax Reform Talks After Election, Marcel Says PacWest, First Horizon Slump, Reigniting Regional Bank Jitters Adidas Faces Investor Unrest After Yeezy Crisis and Poor Sales The Real Oil Market Shows $20-a-Barrel Price Collapse Is Excessive Ukraine Latest: Kyiv Shoots Down Drones, Zelenskiy to The Hague ECB Vows More Hiking to Come After Slowing Tightening Pace ECB Hawks Gave Up on 50 Basis-Point Hike Without Much of a Fight Danish Central Bank Raises Interest Rates to Mirror ECB Hike Wheat Surges as Kremlin Drone Attack Stokes Black Sea Tensions RWE Working on Plan to Exit Lignite Earlier, Morgan Stanley Says Marriott Plans to Turn to Bond Markets Again This Year, CFO Says 26-Year-Old Set to Control City Firm as His Father Awaits Trial Saudi Arabia Cuts Asia Oil Prices as Energy Market Weakens Carlyle Tumbles as Its New CEO Calls for ‘More Discipline’ Most Americans Lack the Cash to Cover a Surprise $400 Expense Top US Spy Warns That China Would Seek to Exploit a Debt Default SVB Financial Must Wait in Line for Its $2 Billion, FDIC Says Brazil Central Bank Keeps Interest Rate at 13.75%, Resisting Lula’s Pressure Shopify Cuts Jobs for the Second Time in Less Than a Year PSAC: Will Canada's tax deadline be moved due to the strike? How claiming income from side gigs can lower your tax bill Paper filing is dying but free income tax software lives on: Dale Jackson Tax deadline: Strike not a major issue for most Canadians, expert says 'Give yourself time and space': How to manage your finances during times of grief Experts explain how to cope with money stress Experts share effective ways to tackle student debt As thousands flock to day trading during lockdown, experts urge caution Dual income, no kids: Why some young Canadians are choosing this lifestyle 'Ask a lot of questions' before deciding what to do with your tax refund: experts As Canadians miss out on benefits, Ottawa promises automatic tax filing is on the way Here's a list February inflation rates for Canadian provinces Is your retirement portfolio ready for what's to come? Women more likely to bag $100,000 jobs despite fewer applications Quitting your job? Experts say it's best to have a plan before you do Household debt-to-income ratio edges lower as interest payments expand Canadians making fewer trips to the grocery store as inflation pinches: RBC report With airfares rising, here's how to find a travel deal this year Young Canadians keep up pandemic-inspired DIY projects to save money Western Alliance Says ‘No Truth’ to Report of Deal Talks Trump’s Lawyer in New York Hush-Money Case Wants to Move Trial to Federal Court US Real Estate Firm Puts Canadian Apartment Tower Up For Sale Blackstone Explores Options for Dutch Lender NIBC Bank These Are This Summer’s 13 Best New Restaurants in the Hamptons Zombie Cars Are All Around Us, and More Are on the Way PacWest Says in Discussion With Several Potential Investors Bitcoin Rises Toward $30,000 as Bank Woes Ripple Across Markets BOE Rate Hike Looks More Likely With UK Economy Showing Resilience Regional Banks Sink as PacWest Weighs Strategic Options UK Mortgage Lending Stalls for First Time Since Pandemic in 2021 Sino-Ocean Group Affiliate Said to Seek Delay to Coupon Payment Irish Residential Faces AGM Revolt as Investors Push for Sale D.R. Horton Rallies Toward Record With Fed Pause in the Cards Zillow Tops Estimates as Ad Sales Outperformed US Housing Market Pullback in Bank Lending Is Worrying, Guggenheim’s Schwartz Says Toronto Housing Market Roars Back With Sales and Prices Surging GTA housing market showing signs of tightening: Toronto real estate board Busted Banks Wipe Out $54 Billion of Stocks, Bonds During Turmoil Chile Will Resume Tax Reform Talks After Election, Marcel Says PacWest, First Horizon Slump, Reigniting Regional Bank Jitters Airbnb’s CEO on demand for travel, economic downturn and AI Paramount Plunges After Posting Steep Loss, Slashing Dividend Trump Jury Hears His Taped Denial on Carroll Assault Adidas Faces Investor Unrest After Yeezy Crisis and Poor Sales NYC Subway Chokehold Death Spurs Calls for Charges After Homicide Ruling Republican Lawmakers Call for Tech Lobby Be Blocked From Indo-Pacific Trade Input Shopify cuts jobs again, sells most of logistics business to Flexport Ukraine Latest: Kyiv Shoots Down Drones, Zelenskiy to The Hague NFL Faces Workplace Discrimination Probes in New York and California US Spies Can’t Yet Judge Russia Claim That Ukraine Drones Targeted Kremlin Telus reports Q1 profit down from a year ago, raises quarterly dividend Kroger Agrees to Pay $68 Million in West Virginia Opioid Case Bill Gates-Backed Startup Plans Plant for Machine Key to Hydrogen Future Western Alliance Says ‘No Truth’ to Report of Deal Talks Trump’s Lawyer in New York Hush-Money Case Wants to Move Trial to Federal Court Wheat Surges as Kremlin Drone Attack Stokes Black Sea Tensions Senator Warren Presses First Republic’s Former CEO on Pay, Lobbying The Real Oil Market Shows $20-a-Barrel Price Collapse Is Excessive Ukraine Latest: Kyiv Shoots Down Drones, Zelenskiy to The Hague Oil steadies after three-day crash on ‘vortex’ of negative news Bill Gates-Backed Startup Plans Plant for Machine Key to Hydrogen Future Wheat Surges as Kremlin Drone Attack Stokes Black Sea Tensions RWE Working on Plan to Exit Lignite Earlier, Morgan Stanley Says Saudi Arabia Cuts Asia Oil Prices as Energy Market Weakens Homeowners Will See Long Wait for Rooftop Solar in California Karpowership Permitted to Resubmit Richards Bay Bid in South Africa US Real Estate Firm Puts Canadian Apartment Tower Up For Sale Apollo Agrees to Buy Parts Maker Arconic for About $3 Billion Newcrest Says Board is Prepared to Recommend Newmont Bid Enbridge signs tolling deal with shippers for Mainline pipeline system US Refiners Are Hedging Like a Recession Is Coming as Fuel Demand Slumps Adani Flagship Profit Jumps 138% as It Moves Past Hindenburg Hit Westinghouse Unveils Plans for Its First Small Nuclear Reactor Ghana’s Bawumia Will Run for President Next Year, Graphic Says UAE to Ship Less Oil From This Month in Line With OPEC+ Cuts Ferrari Profit Rises on Higher Deliveries, Strong Prices Bank drama keeps lid on stocks with VIX near 20 The Daily Chase: TD, First Horizon terminate takeover; Shopify cuts jobs U.S. Federal Reserve raises key rate but hints it may pause amid bank turmoil The Daily Chase: Waiting on the Fed; Loblaw reports earnings Public employees' remote work agreement just the beginning: labour expert Is returning to school worth it for advancing your career? Experts weigh in The Daily Chase: Restaurant Brands beats analyst expectations; Blackberry considers breakup Canadians targeted 'more aggressively' by fraud calls than Americans, study suggests Wage increases secured by striking workers shouldn't be seen as 'fat cat': experts Vancouver port traffic dips in 2022, hinting at economic slowdown to come ​What's the difference between a CRA tax review and audit? 'Godfather of AI' quits Google to talk more openly about the technology's 'dangers' Most Canada government workers end strike after deal on wages The Daily Chase: JPMorgan to buy majority of First Republic; Tentative deal for most federal workers British shops in Canada see demand for King Charles goods, despite royal drama ​Canada's economic momentum might be fading away: Economist After economy posts strong start to 2023, new data suggests slowdown has begun Federal government posts $3.1 surplus for first 11 months of 2022-23 fiscal year The Daily Chase: Canada's economy grew in February; Amazon under pressure Four Proud Boys Convicted of Seditious Conspiracy in Jan. 6 Case Trump Jury Hears His Taped Denial on Carroll Assault Republican Lawmakers Call for Tech Lobby Be Blocked From Indo-Pacific Trade Input Ukraine Latest: Kyiv Shoots Down Drones, Zelenskiy to The Hague NFL Faces Workplace Discrimination Probes in New York and California Trump’s Lawyer in New York Hush-Money Case Wants to Move Trial to Federal Court Senator Warren Presses First Republic’s Former CEO on Pay, Lobbying RWE Working on Plan to Exit Lignite Earlier, Morgan Stanley Says Brazil Central Bank Keeps Interest Rate at 13.75%, Resisting Lula’s Pressure DeSantis Hats Taunt Disney With Iconic Typeface, But Risk Trademark Fight Portugal President to Address Country After Disagreement With PM Harlan Crow Paid Private-School Tuition for Clarence Thomas’ Grandnephew, Report Says After ‘ESG Collusion’ Threats, Insurers Abort Joint Strategy Turkey Opposition Cries Foul as Ministry Seeks Ballot Box Data Before Election Kenya Eurobonds Jump After IMF’s Support for ‘Vigorous Action’ Nigeria Agrees to Convert $49 Billion of Loans From Central Bank to Bonds Ghana’s Bawumia Will Run for President Next Year, Graphic Says Trump's So Confident He's De Facto Nominee That He's Shifting Focus to Biden French Union Warns ‘Battle Isn’t Over’ Against Pension Reform Paramount Plunges After Posting Steep Loss, Slashing Dividend Republican Lawmakers Call for Tech Lobby Be Blocked From Indo-Pacific Trade Input Deloitte Finds a Use for the Blockchain With Digital Credentials Waymo Plans to Expand Self-Driving Taxi Service in Arizona and San Francisco Hackers Hit Dallas City Servers, Limiting Some Police and IT Systems Amazon ‘Aggregators’ Who Raised $16 Billion Are Now Teetering Shopify Cuts Jobs for the Second Time in Less Than a Year These companies have laid off Canadian workers in 2023 Apple’s Revenue Woes Put Market-Leading Rally at Risk Alibaba’s Global Online Commerce Arm Weighs a US IPO Legal Data Firm Makes Push to Introduce AI to Lawyers’ Work Zombie Cars Are All Around Us, and More Are on the Way Crypto Memecoin Mania Begins to Cool Shortly After Latest Renaissance Berkshire Die-Hards Flock to Omaha as Market Volatility Reigns AI Is Reshaping the Battlefield and the Future of Warfare NFT Sales Pick Up After Launch of Peer-to-Peer Lending Site Bitcoin Rises Toward $30,000 as Bank Woes Ripple Across Markets Zalando Close to Break Even Last Quarter Amid Profitability Push Microsoft's Bing AI chatbot will let users post images, ask questions about them 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. Regional Banks Sink as PacWest Weighs Strategic Options US Regional Banks Slump as Rout Deepens on First Republic Flop U.S. stocks drop as Powell signals no Fed cuts for now Turkey’s $1 Billion ETF Maneuver Can’t End Stock Bear Market Morgan Stanley, UBS Pick Bonds Over Stocks on Recession Risk Shorts of China-Heavy Emerging-Market ETF Rise Above $1 Billion Wall Street Rattled by Selloff, Trading Halts at Two Small Banks Bid to Launch ETFs That Aim to Double Tesla’s Famous Volatility Filed With SEC Short Sellers Tightened Grip on Regional Banks in Runup to Rout Trader ‘Exhaustion’ Drags April ETF Volume to Lowest Since 2020 This Week in China: ETFs Lure $6.5 Billion as Retail Traders Buy Regional Bank Stocks Stabilize as Contagion Fears Ease, for Now China and the Fed Keep Investors Swinging Between Oil and Gold Retail Investors Bearish on Japan Stocks as Foreigners Pile In JPMorgan Overthrows JPMorgan for Crown of Largest Actively Managed ETF Hedge Funds, Buybacks Drive $2.3 Billion Into Stocks, Bank of America Says 21Shares, Cathie Wood Revive Bitcoin ETF Bid After Price Rebound Four Reasons Why Investors Expect US Dollar to Keep Sliding Citi's Japan Clients Bet on US Dollar, Aussie as Ueda Cools BOJ Bets 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. Tim Loh, Bloomberg News (Bloomberg) -- Two prominent German investors plan to vote against Adidas AG’s management and supervisory boards at next week’s annual shareholder meeting, a show of frustration over the sports company’s repeated crises. Both Deka Investment and Union Investment said they will withhold their support in confidence votes over the performance of Adidas’s two leadership boards during the 2022 fiscal year, an era when earnings fell, the highly profitable Yeezy collaboration imploded and former Chief Executive Officer Kasper Rorsted left with more than three years remaining on his contract. Rorsted’s six-year tenure was “disastrous” and the supervisory board waited far too long to replace him and deal with other problems, said Ingo Speich, head of corporate governance at Deka Investment, an Adidas shareholder, in emailed remarks. Adidas’s shares plunged 64% through Nov. 3 of last year amid repeated profit warnings and personnel problems. The shares only recovered after reports emerged that the company would hire Bjorn Gulden away from crosstown rival Puma SE to take over as Adidas’s next CEO. Gulden started at Adidas in January. The shareholder proxy service Glass Lewis also recommended that investors vote against Adidas’s supervisory board, chaired by Thomas Rabe, though it advised lending support to the management team. Glass Lewis criticized Adidas’s handling of diversity matters in recent years, saying investors need to see proof of real change in the company’s culture. Typically, these ballots are formalities in corporate Germany. But in recent years, investors have at times used the non-binding but highly symbolic votes to express their dissatisfaction. ISS, another proxy service, recommended that investors vote in favor of both of Adidas’s governing boards. Adidas faced criticism last year for being slow to cancel the Yeezy partnership with the rapper and designer Ye — formerly Kanye West — after the performer made a string of antisemitic remarks. Rabe has nonetheless drawn praise for hiring Gulden, who has already removed two members of Rorsted’s management team. Speich, of Deka, said he welcomed the appointment of Gulden, who needs to return Adidas quickly to profitable growth and improve communication with investors. A spokesman for Union Investment shared the fund’s plans for the Adidas vote in an email, without elaborating on its reasons. ©2023 Bloomberg L.P.