Brookfield Asset Management Inc. News
Intel Unveils New Funding Model to Enable Huge Chip Project
Chip giant Intel introduced a more flexible funding model for its highly capital-intensive project plans.
Amazon, McDonald's, Lilly Make JPMorgan List of Top-Idea Stocks
JPMorgan's top-idea list has stocks in three different categories: near-term, growth and value.
RBC Chooses Amazon, M&T, UnitedHealth as Top 2022 Stocks
'Our U.S. equity strategy team expects 2022 to be a year of solid but more moderate returns relative to 2021,' RBC said.
Dow and S&P 500 Close at Records on Last Trading Day of 2020
Stocks finish strong on the last trading day of 2020, ending a volatile year.
Dow Record High, Covid-19 Deaths, New Year's Eve - 5 Things You Must Know Thursday
Stock futures waver on the last day of 2020; the U.S. records a record high for Covid-19 deaths; Exxon Mobil indicates it will record a fourth-straight quarterly loss.
Wood-Products Firm Norbord Agrees to US$3.1B West Fraser Offer
Wood-products company Norbord definitively agreed to be bought by West Fraser in an all stock deal valued at C$4 billion (US$3.1 billion).
Century 21 Stores Files Chapter 11 and Will Wind Down
Century 21 Stores, the family-owned New York discount retailer, filed Chapter 11 and will close its 13 stores in four states.
J.C. Penney Cuts 1,000 Staffers and Will Close 152 Stores
J.C. Penney, the storied department store chain that filed under bankruptcy law in May, is cutting 1,000 staffers and closing 152 stores.
J.C. Penney in Talks to Be Bought by Simon Property, Brookfield
Simon Property and Brookfield are negotiating to buy retailer J.C. Penney, a media report says.
Jobless Benefits, Cisco, Oil Prices - 5 Things You Must Know Thursday
Stock futures are lower; economists expect 2.5 million Americans to have applied for unemployment benefits in the latest week; Cisco beats earnings estimates.
Treasury Yields Jump After Weak $43 Billion 2-Year Auction, Sliding Foreign Demand
The Treasury sold $43 billion in 2-year notes at a high yield of 4.29% - nearly a full percentage point above last month's auction levels.
Economist El-Erian Sees Strong Chance for Recession
But he thinks the Fed must keep raising interest rates to quell inflation. And he expects continued market volatility.
Pound Collapse Puts Dollar Parity, Emergency Bank of England Rate Hikes in Focus
Britain's new government said it will continue focusing on tax cuts and new borrowing to boost growth even as markets push the pound to a record low against the U.S. dollar.
What Happens to Your Credit Card When Interest Rates Rise
With interest rates soaring, credit card consumers may be in for a shock