Amazon, Alphabet, Twitter tumble as Barclays warns of choppy earnings season ahead
Analyst urges investors to brace for ‘modest level of disappointment’ Amazon.com Inc., Alphabet Inc. and Twitter Inc. slumped Wednesday in a broad market rout with the S&P 500’s tech sector logging its biggest percentage drop since August 2011. The selloff coincided with a warning from Barclays of a choppy earnings season for internet companies in […]
America’s youngest working generation could become an economic powerhouse
If all the 16- to 24-year-olds who don’t work or attend school joined the workforce, their combined economic power would be worth billions The U.S. would earn $55 billion more in taxes if one particular generation worked. If the 4.6 million members of Generation Z — those born in the mid-1990s to early 2000s — […]
US wholesale prices up
U.S. wholesale prices rose a mild 0.2 per cent last month, held down by lower food and energy costs, suggesting that inflation remains in check despite the economy’s robust growth. The Labor Department said Wednesday that its producer price index — which measures inflation before it reaches consumers — rose 2.6 per cent compared with […]
Worst day in 3 years: TSX
Canada’s main stock index had its worst day in more than three years as North American markets plummeted on a broad sell off by nervous investors. The S&P/TSX composite index closed down 336.65 points to 15,517.40. In New York, the Dow Jones industrial average lost 831.83 points to 25,598.74. The S&P 500 index was down […]
GFL buys Waste Industries
Toronto-based GFL Environmental Inc. has signed a deal to buy Waste Industries in an agreement that values the U.S. company at about $3.65 billion. The deal will more than double GFL’s footprint in the United States. “Waste Industries strongly complements GFL’s brand with an over 47 year history of providing excellent customer service to its […]
Carbon tax $100K per well
The CEO of Encana Corp. says government policy is making Canada an increasingly uncompetitive place to drill for oil and gas. Doug Suttles says it costs his company about $100,000 in carbon taxes on the diesel required to drill and complete each well in northeastern B.C., a cost his competitors in similar plays in the […]