PUBLISHED WED, MAR 15 20239:16 AM EDTSamsung Electronics said Wednesday it plans to invest 300 trillion Korean won ($228 billion) in a new semiconductor complex in South Korea. The move […]
Author: Consultant
David Rosenberg: Why the long-term outlook for Canadian stocks is looking rosy (short term, not so much)
The Canadian economy faces a challenging path forward, as the impact of higher interest rates is poised to weigh further on a highly leveraged consumer and an overextended housing market. […]
Premarket: Credit Suisse unease sparks fresh selloff in world stocks
Renewed unease gripped world markets on Wednesday as news that Credit Suisse’s largest investor said it could not provide the Swiss bank with more financial assistance sent its shares and […]
Inflation gauge increased 0.4% in February, as expected and up 6% from a year ago
The consumer price index rose 0.4% in February and 6% from a year ago, in line with market expectations. A drop in energy prices helped keep inflation in check, while […]
The Willow Project has been approved. Here’s what to know about the controversial oil-drilling venture
CNN—On March 13, the Biden administration approved the controversial Willow Project in Alaska.ConocoPhillips’ massive Willow oil drilling project on Alaska’s North Slope moved through the administration’s approval process for months, […]
Canada is aiming to beat China in the critical race for rare earth metals
Canada has one of the largest deposits of minerals that are essential to manufacture of electric cars. “We see today that, for example, China produces 98% of Europe’s supplies of […]
Meta to lay off 10,000 more workers after initial cuts in November
Meta CEO Mark Zuckerberg said Tuesday the company plans to cut 10,000 employees. The company laid off more than 11,000 employees in November. Zuckerberg has pitched 2023 as Meta’s “year […]
Gold, silver soar as Silicon Valley Bank collapse spurs flight to safety
Gold and silver prices surged on Monday, as their safe-haven appeal drew in investors spooked by the collapse of Silicon Valley Bank, with the crisis also sparking hopes the U.S. […]
Oil prices fall 2% in choppy trade as banking fears rattle markets (Mar 13)
Oil prices fell over 2% in volatile trading on Monday as the collapse of Silicon Valley Bank roiled equities markets and raised fears of a fresh financial crisis, but a […]