The Daily Chase: Teck Resources entertains sale under right conditions; Markets point to muted open
BNN Bloomberg
Teck Resources controlling shareholder Normal Keevil is signalling he’s willing to play ball if there’s a compelling offer for the company after it completes the spinoff of its steelmaking coal division.
MARKETS MUTED AS EARNINGS SEASON RAMPS UP
It’s looking like a wait-and-see-session so far as we enter the meat and potatoes portion of earnings season. Futures on the main U.S. indices are flattish to start the week, but all lines are subject to change. On deck, we’ve got more from the money-centre banks south of the border and some of the FAANGs – Tesla and Netflix are of note as the week gets going in earnest. The big themes are clear – higher rates, sticky inflation, and how consumers (and businesses) are dealing with an environment we haven’t seen in quite some time. For our purposes, worth noting the S&P/TSX Composite Index is running six straight days of gains, so we’ll see if today makes it lucky number seven for Toronto’s benchmark.
THE GOOD OL’ HOCKEY GAME, IS THE BEST GAME YOU CAN NAME
Gold seen as overbought as Iran tensions ease, with falling oil prices lifting stocks and shifting investor sentiment toward risk assets.
Stock markets in Canada and the U.S. rallied after President Donald Trump said the United States has talked with Iran about a possible end to the war.
A cautious relief swept through financial markets Monday after President Donald Trump said the United States has talked with Iran about a possible end to their war.
A pipeline leak in Sarnia, Ont., has been located more than a week after a sheen reportedly turned up on the St. Clair River.
U.S. President Donald Trump on Monday said the U.S. was talking with a “respected” Iranian leader and claimed the Islamic Republic was eager for a deal to end the war. He also extended a deadline for Iran to reopen the crucial Strait of Hormuz or face attacks on its power plants, saying it has an additional five days.
Berkshire Hathaway, the conglomerate built by Warren Buffett, is buying a 2.49 per cent stake in Japanese insurer Tokio Marine Holdings for about US$1.8 billion as part of a new strategic partnership, deepening its financial commitment to Japan.
Relief is ripping through financial markets after U.S. President Donald Trump said the United States has talked with Iran about a possible end to their war, despite Iran’s denials.
Asset management giant BlackRock’s CEO Larry Fink urged clients to stay invested despite ongoing market volatility, and highlighted that artificial intelligence is reshaping investment strategies and the broader economy.
Jurors wade through daunting evidence in high-stakes Meta trial about social media risks to children
A stream of testimony and evidence has been presented in a New Mexico case exploring what Meta knew about the effects of its platforms on children.
Global oil prices will continue to rise as the war in the Middle East continues and the Strait of Hormuz remains inaccessible, according to an energy expert.
Canada’s federally backed farm lender is offering financial aid to farmers, agricultural businesses and food companies hit by the spike in fertilizer and energy prices, it said on Friday.
Jay Allen is a fan of U.S. President Donald Trump, and voted for him on the belief that the Republican would cut taxes and trim regulations, helping his manufacturing business in northeast Arkansas.