One of Canada’s large financial holding companies appears to be an attractive dividend investment opportunity, according to Scotiabank analysts. Power Corporation of Canada , which oversees a portfolio of insurance and wealth management businesses, currently offers investors about 5% dividend yield with the potential for significant growth, according to the investment bank. “We think Power Corp (POW) offers an attractive combination of value, resilience and healthy dividend yield and that over time, it will be recognized as a quality earnings compounder,” said Scotiabank’s analysts led by Phil Hardie in a note to clients on Dec. 2 which highlighted the company’s…
Author: usaeverydaylife
The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
A trader works on the floor at the New York Stock Exchange on Dec. 2, 2024.Brendan Mcdermid | ReutersStock futures are near flat Monday night after the S&P 500 concluded the first session of December’s trading month at an all-time closing high.S&P 500 futures and Nasdaq 100 futures both sat near their flatlines. Futures tied to the Dow Jones Industrial Average lost 24 points, or around 0.1%.Those moves follow a mixed session on Wall Street. Both the broad S&P 500 and technology-heavy Nasdaq Composite closed at records on Monday after hitting fresh intraday highs.However, the Dow ended more than 100…
China is looking to challenge the U.S. in artificial intelligence. China’s tech giants have launched their own AI models. Niphon | Istock | Getty ImagesChina’s race to develop smarter-than-human artificial intelligence may put it ahead of the U.S., but such ground-breaking technology could also risk lessening the stronghold that the ruling Communist Party has over the world’s second-largest economy.That’s the view of prominent AI scientist Max Tegmark, who told CNBC artificial general intelligence (AGI) is closer than we think and the narrative of a geopolitical battle between the U.S. and China racing to build the smartest AI is a “suicide race.”While…
WNBA teams will play a record 44 games during the 2025 regular season, which begins with a Friday, May 16 slate that includes the Golden State Valkyries’ home debut.The league released the full schedule Monday. The additional four games (up from 40 in 2024) come as a result of the Valkyries entering the WNBA as its 13th team.“We look forward to tipping off the WNBA’s 29th season in May of 2025 and continuing to build on the success of last season, when the WNBA delivered its most-watched Draft and All-Star Game, and set records for viewership, attendance, digital consumption and…
Pedestrians walk past food stalls and shops in the Myeongdong shopping district of Seoul on March 26, 2024.Anthony Wallace | AFP | Getty ImagesSouth Korea’s inflation rate climbed in November to 1.5%, from a 45-month low in October, as the country grapples with a weakening Korean won and slowing exports.The figure was higher than October’s inflation reading of 1.3%, and lower than the 1.7% expected by economists polled by Reuters.Last Thursday, South Korea’s central bank unexpectedly cut rates by 25 basis points to 3%, marking the first time that the Bank of Korea had enacted two back-to-back cuts since 2009.The…
In late October, we suggested that Lululemon (LULU) was a favorable alternative to Nike, given its low valuation and better revenue trajectory. Since that time, Lulu has materially outperformed. We have a new way to play the stock from here. Sine that initial call, Lulu shares gained about 7% through last Friday, versus a 4% total return of the S & P 500 and flat performance for Nike. A common mistake investors make is taking profits too early, ignoring the old investment adage “let your winners run.” Still, as Lulu’s quarterly earnings report approaches Wednesday after the bell, investors may…
CNBC’s Julia Boorstin joins ‘Fast Money’ to talk the weekend’s record box office numbers. Source link
General Motors revealed its all-new modular platform and battery system, Ultium, at its Tech Center campus in Warren, Michigan, on March 4, 2020.Photo by Steve Fecht for General MotorsDETROIT — General Motors plans to sell its stake in a $2.6 billion electric vehicle battery cell plant in Michigan to its joint venture partner LG Energy Solution, the automaker announced Monday.The Detroit carmaker said it expects to recoup its investment in the facility, which a source familiar with the plans said is anticipated to be roughly $1 billion. The sale is part of a non-binding agreement between the two companies that’s…
Elon Musk listens as US President-elect Donald Trump speaks during a House Republicans Conference meeting at the Hyatt Regency on Capitol Hill on November 13, 2024 in Washington, DC.Allison Robbert | Getty ImagesTesla CEO Elon Musk lost his bid to get his 2018 CEO pay package reinstated on Monday when a Delaware judge upheld her prior ruling that the compensation plan was improperly granted.The package, worth about $56 billion, was the largest compensation plan in U.S. history for a public company executive. Musk attorneys attempted to sway the judge in the Delaware business court after the trial to reverse her…
