Performance of Major Canadian ETFs in September
Each month, we check in on the performance of the largest Canadian stock, bond, and active exchange-traded funds. The Morningstar Canada Index rose 3.02% during September, while the Morningstar Canada Core Bond Index gained 1.81%. Over the past year, the Canadian stock market is up 27.27%, while the Canadian bond market has risen 12.74%. The […]
Dockworkers Temporarily End Strike, Yet Automation Job Dispute Persists as a Decades-Long Issue
The dockworkers’ strike ends for now—but the fight over automating jobs continues, as it has for decades Dockworkers across the East Coast and Gulf ports went on strike this week, picketing against the threat that automated technologies such as driverless trucks pose to their livelihood. After a three-day walkout, the International Longshoremen’s Association (ILA) and […]
Saudi Arabia Increases Oil Prices for Asian Markets
Saudi Arabia Raises Oil Prices to Asia The world’s largest crude exporter, Saudi Arabia, has raised the price of its flagship grade to Asia by more than expected amid high volatility in international oil prices amid the escalating conflict in the Middle East. Saudi Aramco in the weekend raised the price of its Arab Light […]
VERSES Provides Q3 2024 Corporate Update
VERSES AI Inc. announced a corporate update highlighting its innovative cognitive computing solutions and the rollout of its “Genius” software. CEO Gabriel René emphasized the company’s strategic funding and collaboration with Analog on a smart cities project focused on optimizing taxi operations in Abu Dhabi, projected to generate about $3 million. Key leadership changes were […]
Weekly Market Outlook: Powell’s Insights, Nvidia Earnings, and Upcoming PCE Data
Fed Chair Powell signals policy adjustments are needed, emphasizing concerns about labor market weakness. The impact of Powell’s remarks on the FX space saw GBP/USD and EUR/USD reach new highs. Markets are pricing in a 34.5% chance of a 50 bps cut and 65.5% of a 25 bps cut at the Federal Reserve’s September meeting. […]
Ghana’s Illegal Gold Mining Surge: A Threat to Public Health and the Environment
The ramshackle mine is part of a booming business that is generating livelihoods and informal revenue streams for Ghana’s economy, even as it harms miners’ health, pollutes waterways, destroys forests and cocoa farms, and fuels crime. “It’s risky but I just want to survive,” said one of the men at the wildcat site visited by Reuters in […]
3 Meme Stocks to Consider Selling as Euphoria Grows
The U.S. markets are trading at all-time highs, and gold is nearing $2,500 an ounce. Little doubt exists that a rate cut is coming soon. As the markets are embrace euphoria, expect ample opportunities to make quick money. So, we will examine meme stocks to sell so that capital can be preserved. Even in the […]
Brent Crude Oil Surges 3% Amid Middle East Tensions and Libya Production Shutdown
Brent Crude oil prices have surged by approximately 3% following escalated tensions in the Middle East, notably between Israel and Hezbollah, alongside a production halt in Libya. Libya’s internal power struggle has led to the closure of oil fields by the Eastern-Based Government, affecting the country’s output of around 1 million barrels per day, further […]
Rio Tinto Negotiating Acquisition of Lithium Miner Arcadium
Discussions are advancing in London this week during the LME Week conference regarding a potential acquisition that could significantly reshape the lithium market. Sources indicate that an offer involving Philadelphia-based Arcadium is likely to emerge soon. However, it’s essential to note that although talks are progressing, they may not culminate in an agreement. Valued between […]
A New Era in Oil and Gas Exploration, Says Energy Minister
New era begins in oil and gas exploration: Energy minister ISTANBUL Energy Minister Alparslan Bayraktar has stated that sending off the Oruç Reis Seismic Research Vessel to Somalia marks the beginning of a new era in Türkiye’s natural gas and oil exploration at sea. President Recep Tayyip Erdoğan on Oct. 5 attended a ceremony to […]