Have you ever seen those brief business reports on your local news that sum up the days’ stock activity? Many times when they focus on a particular stock they talk about how the company released its earnings and they were better than expected. Good news right? Then they go on and say the stock was down [...]
US President Obama announced Thursday his idea for limiting what banks can do in an effort to prevent the wild risk taking that resulted in the financial crisis and ultimately this recession from happening again in the future. The new proposed rules would take away the ability for banks and financial institutions that own banks from [...]
The last several days have governments, companies and rich people thinking about what they can do for Haiti. As of yesterday evening, donations to Haiti from Americans topped $210 million. About half of that amount came from the Red Cross alone. The world’s largest company, GE, has already given $2.5 million and at least for [...]
It is that time of year for Canadians who are looking at ways for paying less tax (legally) and at the same time put something aside for their eventual retirement. Well, really the deadline is March 1, but everyone is and should be making their plans for it now. So enter the RRSP or Registered [...]
This past week there was a lot of talk about the first five trading days of 2010. Economists, traders, CEO’s, investors and other influential people kept a close eye to see if the stock market finished up by the end of the week more so than they usually do. Why? This type of data has been tracked since 1900. [...]
Millions of people spend their hard earned money every week for the slimmest of chances to win the lottery. They spend $1-$5 per ticket and their chances to win the grand prize on the major lotteries are 1 in tens of millions, depending on the game. The chances of actually winning are so small that [...]
After many years of studying, debate and controversy, a Canadian federal panel has decided that a gas pipeline running from Arctic Canada and destined for the Canadian and American markets is a good idea. If it will happen, the federal government will need to fork over an undisclosed sum of money to help it along. There [...]
A report yesterday from China Daily, a Chinese national newspaper quotes China’s Premier Wen Jiabao about his plans for the globally important Chinese Yuan currency. The Premier said that China will not change how the Yuan is valued. He said that even though western countries are pressuring China to revalue the currency to more correctly [...]
As reported by Reuters recently, news out of Russia emerged about Russia’s richest man, Mikhail Prokhorov looking to form a bank along with a few other Russian billionaires and pool their money in order to take advantage of (mostly) Russian banks and other large companies who are in desperate need of financing. I find this [...]
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