Federal Government, Ontario Invest $100M to Support Car Parts Maker Linamar
The Linamar investments are expected to create 1,500 jobs in Canada The federal and Ontario governments announced grants Monday worth up to $100 million combined to help automotive parts maker Linamar Corp. develop its advanced manufacturing technologies. The Linamar investments are expected to create 1,500 jobs in Canada and help maintain more than 8,000 other […]
Why You Need To Watch These 5 Key Earnings Reports: S&P 500 Futures
Futures for the S&P 500 index rose solidly late Monday while Dow futures jumped nearly 200 points with earnings season on tap. Citigroup (C), UnitedHealth Group (UNH), CSX Corp. (CSX), Comerica (CMA) and Interactive Brokers (IBKR) all report on Tuesday. Citigroup and Dow component UnitedHealth Group are near buy points, with caveats. CSX is the […]
Ottawa’s New Carbon Pricing Plan Will Reward Clean Companies
Environment Canada is launching public consultations this winter to get feedback to draft legislation The federal government added more meat to the bones of its core environmental policy Monday by releasing draft legislation on how pricing carbon pollution will work in Canada. The new legislation is the federal backstop and will apply to all provinces […]
Boeing’s ‘Son of Blackbird’ hypersonic strike aircraft could go five times the speed of sound
Boeing has finally unveiled a successor to the legendary Blackbird SR-71 spy plane, capable of travelling at five times the speed of sound. The new ‘Son of Blackbird’ was revealed at an event in Orlando, Florida, but it’s only a concept design for now. The new aircraft will be a direct competitor to Lockheed martin’s […]
China’s GAC to Scrap Trump-Sounding Brand for US Market
DETROIT — Chinese automaker GAC Motor will scrap the brand name it uses in China when it enters the U.S. market next year because it could be confused with President Donald Trump’s surname. For the past eight years, GAC has sold cars and SUVs under the brand Trumpchi in its home market, but is now […]
Crude Oil Prices Mixed In Asia As Market Keeps An Eye on Sharp Brent Gains
Crude oil prices were mixed on Tuesday with the market awaiting the US open after a long holiday weekend and digesting a view from Morgan Stanley (NYSE:MS) of $75 a barrel crude oil by the third quarter of 2018 as well as supply data from the US later this week. Initial estimates point to a […]
Americans Celebrate Slain Civil Rights Leader Martin Luther King Jr.
Americans on Monday celebrate Martin Luther King Jr. Day, honoring a man who embodied the U.S. civil rights movement and who understood that the success of the movement depended on its nonviolent principles. Every year on the third Monday in January, Americans honor the slain civil rights leader who in the 1950s and 1960s […]
US Launches New Spy Satellite on Secret Mission
The fleet of U.S. spy satellites has just welcomed a new member. The NROL-47 spacecraft soared into Earth orbit today (Jan. 12), riding atop a United Launch Alliance (ULA) Delta IV Medium rocket that lifted off from California’s Vandenberg Air Force Base at 5:11 p.m. EST (2211 GMT, 2:11 p.m. local California time). NROL-47 will […]
BlackBerry Launches Cybersecurity Software for Self-Driving Cars
Canadian software maker BlackBerry Ltd on Monday launched a new cybersecurity software, which identifies vulnerabilities in programs used in self-driving cars. The product, called Blackberry Jarvis, is being marketed first to automakers – a group of customers the former smartphone maker is hoping will power its turnaround efforts – but could also have applications in […]
Why User Growth Is Still King For Netflix
Shares of Netflix NFLX climbed to hit a new all-time intraday high on Monday, only one week before the company is scheduled to report Q4 earnings. As Netflix and investors gear up for Jan. 22, one metric remains king for the online streaming giant: user growth. Before today’s jump, Netflix had seen its stock price […]