TSX up on energy stocks
Gains in the influential financial and energy sectors helped boost Canada’s main stock index higher in late-morning trading. The S&P/TSX composite index was up 62.13 points at 16,221.63. In New York, the Dow Jones industrial average was up 58.12 points at 26,550.33. The S&P 500 index was up 6.57 points at 2,922.13, while the Nasdaq […]
Ontario nixes wage hike
The Ontario government says it will halt a planned increase to minimum wage that was scheduled to kick in next year. Labour Minister Laurie Scott says the minimum wage will remain at $14 an hour rather than rising to $15 as planned by the previous Liberal government. The minister would not say whether the minimum […]
Economical wins insurance technology award for Vyne platform
Economical Insurance has won Insurance Nexus’ Canadian Insurance Carrier of the Year 2018 award for its Guidewire-based computer system Vyne. The carrier of the year award recognizes the insurer who has made the biggest advances in implementing analytics and artificial intelligence within their business. The second category of award, the Canadian Insurance Innovator of Year, […]
How technology can save the NHS
The NHS could massively benefit from new technologies – just not the new technologies you think. The NHS turned 70 this year. Much of the coverage of the anniversary highlighted how the health service is facing unprecedented challenges: a shortage of clinicians, an ageing population prone to ever more ailments, and ongoing public health challenges […]
New Army technology guides soldiers in complete darkness
Researchers at the U.S. Army Research Laboratory have developed a new type of thermal imaging camera that allows soldiers to see hidden objects that were previously undetectable. Dr. Kristan Gurton, an experimental physicist in the Computational and Information Sciences Directorate, and Dr. Sean Hu, an electronics engineer in the Sensors and Electron Devices Directorate, are […]
Apple, Google, Microsoft, Amazon And Facebook Own Huge Market Shares = Technology Oligarchy
In 2008 PetroChina, Exxon, GE, China Mobile and ICBC were the five largest companies in the world. In 2018 the five largest are Apple, Google, Microsoft, Amazon and Facebook. Obviously technology has come a long way in ten years. But much more significant are the relative market shares each of these companies owns. Amazon, for […]
Dollar edges slightly after Fed hikes interest rates
Euro traders focused on tomorrow’s Italian budget The U.S. dollar saw fairly muted trade Wednesday after the Federal Reserve raised interest rates for the third time in 2018, as expected. The buck, measured by the ICE U.S. Dollar Index DXY, +0.06% initially dropped into negative territory after the 2 p.m. Eastern announcement but crept back […]
Market wrap-up: Equities and majors are on hold ahead of FOMC – TDS
In a general wrap-up, analysts at TD Securities explained that North American equities were little changed in a sleepy session ahead of Wednesday’s FOMC meeting (SPX: -0.1%, TSX: -0.2%). Key Quotes: “USTs sold off by 2bps in the front-end to drive a bear-flattening move while Canadian yields edged higher by ~1bp across the curve.” “GBP […]
Should investors fear October, a historic ‘jinx month’ for stocks?
While October is a middle-of-the-road month, based on historic seasonality, it is extremely strong in midterm years The month of September hasn’t lived up to its reputation for historical weakness in the U.S. stock market, which could provide some comfort to superstitious investors looking ahead to October, a month that is notable for some historic […]
Twitter, Nike, KB Home, Nielsen, Snap, Delta Air Lines, Rite Aid, CarMax, Merck & Co.
Here are some of the companies with shares expected to trade actively in Wednesday’s session Here are some of the companies with shares expected to trade actively in Wednesday’s session. Stock movements noted by ticker reflect movements during regular trading hours; premarket trading is specified separately. Twitter Inc. TWTR -0.34% —Up 0.3% premarket: Twitter plans […]