Feb 28, 2023

Tesla’s Ripping Rally Puts It Back on Track for Top Five Ranking Gilts Caught in Global Bond Slide on Hot Inflation: Markets Today Canada’s Economy Starts Year Strong After Surprise Quarterly Stall Dish Network Sinks After Ransomware Data Breach Tuscany for $200? Private Equity Pays for State Pension Funds’ Luxury Trips Oil Bonanza in Argentina Hangs On Clearer Rules, Shale CEO Says U.S. stocks waver, bonds slump as rate warnings sink in Supreme Court Limits Fines for Not Reporting Overseas Accounts Supreme Court Questions Biden Student-Loan Relief Worth Billions Ukraine Latest: Zelenskiy Urges Allies to Drop ‘Aviation Taboo’ Russian Oil Exports Resilient Despite Full Force of Western Bans Paul Tudor Jones-Backed Quant Manager Returns 20% Using Crowdsourced Ideas Xi Preps China for ‘Intensified’ Overhaul of Government Agencies IHS Weighs Bid for Telkom’s African Tower Business France Calls for Europe to Throw Its Weight Behind Nuclear Power India Economy Expands Slower Than Forecast on Waning Demand Morgan Stanley Goes All In on Chile Stocks as Macro Risks Wane Centrica Says UK Kept It in the Dark Over Octopus Subsidies Quest for World’s Biggest Diamonds Gives De Beers a Headache Canadians want to retire by 61, amid financial concerns: CIBC poll Tax credits and deductions for Canadians to consider 5 RRSP season resolutions for a comfortable retirement: Dale Jackson Getting divorced? Here are the top tax considerations to take into account RRSP myths prevail as Canadians rush to contribution deadline: Dale Jackson Spousal RRSPs can offer tax benefits, but experts say it might not work for everyone MPs summon big grocery store CEOs to testify in Ottawa over food inflation 75% of Canadians say any level of debt is a relationship deal breaker: Survey Filing taxes for the first time? Here's what you need to know ​Nearly half of all insolvencies last year were filed by millennials: Study Panic and confusion grip RRSP season, once again: Dale Jackson Food inflation dips into Super Bowl spreads One-third of households say they're financially worse off compared to year ago: poll What to know about investing with your student line of credit Is your income 55K or less? Consider using a TFSA over RRSP: Advisor Credit cards with travel rewards provide 'bang for your buck': Personal finance Contributing to an RRSP is sometimes a bad idea Started a side hustle? Seek expert advice to avoid tax season headaches It's possible to have 'too much' in your RRSP: Tax expert US Housing Cools Further, With Prices Down 2.7% from June Peak Sydney’s Property Prices Climb For the First Time in 13 Months Turkey Considering Prison Terms for Landlords Who Gouge on Rent More US Homebuyers Are Paying in Cash, Sweeping a Majority of Sales in Some Markets Sweden’s Economy Contracted More Than Expected in Fourth Quarter Man Group Beats Hedge Fund Blues With Inflows: The London Rush Singapore Plans to Force Clashing Neighbors to Seek Mediation UK Homebuyers Are Getting the Best Discounts in Over Five Years HSBC Riles Hong Kong Bankers With Plan to End Private Offices Evergrande Fails to Win Creditors’ Support as Key Dates Loom More Ontario residents look to get a private mortgage: Financial services regulator US Pending Home Sales Surge 8.1%, Most Since June 2020 Poland’s Mortgage Gloom Deepens With Loans Set for 18-Year Low HSBC Looks to Halve London Head Office Space, Sunday Times Says China’s Uneven Recovery Continues With Industrial Sector Lagging Australia Recession Risk Rises as RBA Seen Hiking More Than Fed Supply Chains Have Healed Yet Their Mark on Inflation to Endure Bets on the Year of the Bond Are Still on Even as Losses Return Euro-Area’s Core Inflation Problem to Come to the Fore Tesla’s Ripping Rally Puts It Back on Track for Top Five Ranking US Spy Agency Gets Ready for Fight Over Warrantless Surveillance Program Gilts Caught in Global Bond Slide on Hot Inflation: Markets Today Canada’s Economy Starts Year Strong After Surprise Quarterly Stall Lufthansa Travelers Face Agony of Choice With Many Seat Options Dish Network Sinks After Ransomware Data Breach A New Era of Books Help Black Workers Navigate Corporate America BMO tops estimates as traders reap benefit of market volatility Tuscany for $200? Private Equity Pays for State Pension Funds’ Luxury Trips Applied Materials to Challenge ASML’s Grip With New Machines Oil Bonanza in Argentina Hangs On Clearer Rules, Shale CEO Says EU Eyes Months-Long Push to Get Brexit Deal Over Finish Line Botin Vows ‘New Phase’ for Santander Investors as Payouts Rise Supreme Court Questions Biden Student-Loan Relief Worth Billions Ukraine Latest: Zelenskiy Urges Allies to Drop ‘Aviation Taboo’ Russian Oil Exports Resilient Despite Full Force of Western Bans US Consumer Confidence Drops on More Pessimistic Outlook Goldman Sachs Kicks Off Investor Day With Report Card on CEO Solomon Paul Tudor Jones-Backed Quant Manager Returns 20% Using Crowdsourced Ideas Applied Materials to Challenge ASML’s Grip With New Machines Oil Bonanza in Argentina Hangs On Clearer Rules, Shale CEO Says Ukraine Latest: Zelenskiy Urges Allies to Drop ‘Aviation Taboo’ Russian Oil Exports Resilient Despite Full Force of Western Bans Nigerian Oil Hub Halts Vote Counting, May Further Delay Results France Calls for Europe to Throw Its Weight Behind Nuclear Power Nigeria Latest: Tinubu Leads; Call for Probe Into ‘Rocky’ Vote Centrica Says UK Kept It in the Dark Over Octopus Subsidies Quest for World’s Biggest Diamonds Gives De Beers a Headache Russia Seen Favoring India Even as China’s Oil Demand Rebounds Comcast Bets on Green Bonds Even as Anti-ESG Backlash Gains Momentum UK’s Big Energy Short Pays Off With £1.2 Billion Windfall GOP Governors Tout Green Bona Fides Amid Anti-ESG Backlash New York City Sees Biggest Snowfall of Season, Grounding Flights Bitcoin Rally Is Much-Needed Lifeline for Troubled Miners After Grim Quarter Nigerian Bonds Halt Rally as Investors Await Clearer Result Lower Energy Prices Might Help Drive an Increase in Inflation, Says BOE Official World’s Biggest Chemical Maker Sees Profit Slump in Late 2022 Europe’s Green Battery Is Recharging to Ease the Energy Crunch Young Canadians at higher risk of falling victim to fraud: Survey Economy slowed by more than expected in Q4, contracted in December The Daily Chase: Canadian economy stalls in Q4; Bank earnings season fully kicks off Companies must listen to racialized employees in tackling racism at work: experts Canada-China trade breaks record, as imports hit $100B Record oil profits 'enough to make you ball up your fists,' says N.L. minister Housing optimism lifts Canada consumer confidence to six-month high The Daily Chase: Markets point to a positive open; Berkshire Hathaway reports profit drop Industry minister announces $250 million to train workers for emerging sectors Ottawa posts $5.5B deficit for April to December Ukraine war shook up markets, but much stays the same for Canadian oil and gas The Daily Chase: CIBC reports earnings beat; Survey examines mortgage fraud in Canada Canada's inflation rate is expected to fall significantly this year. Here's why TSX recap: Index closes largely unchanged despite strength in energy Black-owned businesses smaller, less profitable than others: Statistics Canada From cremation to estate planning, here's how to keep the cost of death down The Daily Chase: Loblaw tops Q4 expectations; CAPREIT shows rent surge Young Canadians less confident in financial future than a year ago: RBC poll Flights face delays, cancellation as blizzard nears from U.S. EU Eyes Months-Long Push to Get Brexit Deal Over Finish Line Supreme Court Questions Biden Student-Loan Relief Worth Billions Ukraine Latest: Zelenskiy Urges Allies to Drop ‘Aviation Taboo’ Chicago Crime Defines Mayor’s Race as Spending, Lawbreaking Surge Nigerian Oil Hub Halts Vote Counting, May Further Delay Results Xi Preps China for ‘Intensified’ Overhaul of Government Agencies Tesla to Build Northern Mexico EV Plant, AMLO Says After Musk Call Nigeria Latest: Tinubu Leads; Call for Probe Into ‘Rocky’ Vote Quest for World’s Biggest Diamonds Gives De Beers a Headache GOP Governors Tout Green Bona Fides Amid Anti-ESG Backlash French Inflation Hits Record, Heaping Pressure on ECB and Macron Ukraine Signals It May Be Forced to Abandon Bakhmut to Russians Nigerian Bonds Halt Rally as Investors Await Clearer Result UK Budget Day Strikes Swell as 33,000 More Civil Servants Join Pakistan’s Court Issues Arrest Warrant Against Imran Khan Godongwana Becomes MP in Prelude to South African Cabinet Revamp Nigerian Opposition Parties to Boycott Vote Collation Process Use UK Budget Windfall to End NHS Pay Dispute, Union Tells Hunt Rishi Sunak Will Host Tory MP Away Day to Plot Election Strategy Gilts Caught in Global Bond Slide on Hot Inflation: Markets Today Dish Network Sinks After Ransomware Data Breach Applied Materials to Challenge ASML’s Grip With New Machines Paul Tudor Jones-Backed Quant Manager Returns 20% Using Crowdsourced Ideas IHS Weighs Bid for Telkom’s African Tower Business Airbnb’s $24 Billion Gain Fails to Dissuade Bears Ericsson’s Chief Compliance Officer Leaves Amid Scandal Clean-Up SoftBank to Reinvest in LatAm Portfolio Firms for M&A Funding Salesforce Investors Watching for Activist Influence on Earnings Hong Kong’s HKBN Is Said to Get $1 Billion Buyout Offer from HGC Bitcoin Rally Is Much-Needed Lifeline for Troubled Miners After Grim Quarter Celsius Examiner Report Mentions FTX More Than 150 Times. Why? (Podcast) Digital Pound Could Protect Consumers in Bank Runs, BOE Says Saudi Wealth Fund Unit Backs Emkan Capital’s Technology Fund Bain Capital Ventures Closes $1.9 Billion in Tech Investment Funds Euronext CEO Confident IPO Conditions Are Poised to Improve Bain, KKR, Nibe Said to Vie for $1.3 Billion Fujitsu Unit Stake As EU Vets Microsoft Deal, Vestager Warns Watchdogs Not to Race More US Homebuyers Are Paying in Cash, Sweeping a Majority of Sales in Some Markets 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. Cash-Like ETF Attracts $2.5 Billion in Biggest Haul Since 2020 Turkey’s Sovereign Fund Allots at Least $1 Billion to Boost Stock-Market Heavyweights JPMorgan Investment Arm Purges Its ESG Funds of Adani Stocks Foreigners Pull Out From Turkey ETF at Fastest Pace Since 2021 Prodigal Bond Buyers Return to Gilts as £250 Billion Wall Looms Cathie Wood Keeps Up Tesla Robotaxi Hopes After Six-Year Letdown The Growing Cash Pile in Moscow Foreign Investors Can’t Touch ETF Traders Ditch Risk Assets En Masse, Pile Billions Into Bonds UK Overtakes India as the World’s Sixth-Biggest Equity Market Investors Stung by Treasuries Rout Brace for Next Blow From Fed Global Passive Equity Funds Set to Overtake Active Funds Hong Kong’s Crypto Hub Ambitions Win Quiet Backing From Beijing Hong Kong Plans to Let Retail Sector Trade Larger Crypto Tokens Turkey’s Endless Tinkering in Markets Is Driving Investors Away Wall Street Is Baffled by the Stock Market Zero-Day Options Are Like Betting on ‘Horse Race,’ Tchir Says Turkish Stocks Recoup Post-Quake Losses Thanks to Measures S&P 500 Haters Now Have Surging Cash Yield to Buttress Bear Case Turkey Stocks Surge as State Support Underwrites Reopening Boost Manulife CEO on diversification, insurance demand and digital transformation Decision on new Suncor CEO expected 'very soon' Restaurant Brands' CEO change is 'all about accelerating growth': Executive chairman Restaurant Brands' CEO change is 'all about accelerating growth': Executive chairman Reed Hastings explains why he's stepping down as Netflix CEO in blog post Bankman-Fried says in court that he's ready for U.S. extradition SBF sent back to Bahamian jail after catching lawyer off guard with U.S. extradition plan Disney's Iger returns to reckon with his own 15-year Legacy Women making small gains, but still troublingly under-represented in the C-suite Gerry Schwartz to step down as CEO at Onex, Bobby Le Blanc named next CEO Dominic Barton on Canada-China relations, future at Rio Tinto 'We’re serving Canadians better' following the pandemic: McKesson Canada CEO Rebecca McKillican World's richest family loses US$11.4B in Walmart rout 'Fine balance': Rania Llewellyn on fitting her long-term inclusion goals into Laurentian's revamp First female bank CEO in Canada leads with younger self in mind ​Company holiday parties are making a comeback, but many employers have a plan B Elon Musk and Jeff Bezos now worth almost half a trillion dollars Jane Fraser has a plan to remake Citigroup while tormenting rivals ‘Forever changed’: CEOs are dooming business travel — maybe for good Ryan Vlastelica and Andrew Martin, Bloomberg News , (Bloomberg) -- Dish Network Corp. shares slumped to their lowest level in more than a decade after the company said some data had been stolen in a recent ransomware attack. Separately, Bank of America downgraded the stock to underperform. Dish learned on Monday that some data, including potentially personal information, was extracted from its IT systems as part of an earlier cyberattack, according to a company filing. While Dish, Sling and wireless and data networks remain operational, the company said in a filing Tuesday that its internal communications, customer call centers and Internet sites have been affected. Shares of the satellite television company fell as much as 9.2%, sinking to their lowest level since April 2009. Dish said it’s trying to restore the affected systems and is “making steady progress.” Shares of the company had already been under pressure in early trading even before the announcement of the data breach after Bank of America analyst David Barden hit the stock with a two-notch rating downgrade, lowering it to underperform from buy. “We expect declining Ebitda due to adverse pay TV trends, higher marketing expenses and inflationary pressure,” Barden wrote in a note to clients. Given elevated capital expenditures, free cash flow trends are “increasingly negative for the next two years.” BofA cut its price target on Dish to a Street-low view of $10, down from $30 previously. Earlier this month, Dish reported fourth-quarter revenue that missed expectations, though analysts noted some positive signs in wireless subscriber trends. BofA cited the results in its downgrade. Currently, 60% of the analysts tracked by Bloomberg recommend buying the stock, while 10% have the equivalent of a sell rating. The average analyst price target is nearly $26, suggesting upside of more than 120% from its current level. ©2023 Bloomberg L.P.