Daily News

Tesla Inc. is looking to woo its unusually large base of retail investors to get approval for Chief Executive Officer Elon Musk’s US$56 billion pay package. To help lead that drive, the company's board has hired a strategic adviser, according to a person f...

Netflix Inc. will air two National Football League games this Christmas Day, in the streaming TV giant’s latest push into live events. The three-season pact will also see Netflix host at least one Christmas game in both 2025 and 2026, the league and the co...

Greg Newman, senior wealth advisor and portfolio manager, Newman Group, ScotiaMcLeod FOCUS: North American equities and dividend stocks  MARKET OUTLOOK: Markets are excited about a re-acceleration in earnings growth combined with eventual interest...

Goldman Sachs Group Inc. sold US$3.5 billion in bonds Wednesday, the third time the company or one of its units has borrowed in the investment-grade market in just over two months.  The bonds were issued by unit Goldman Sachs Bank USA and include both fixe...

A raucous two-week stretch for GameStop Corp. has more than tripled its share price, but the company itself hasn’t taken advantage of the surge by selling stock — and the explanations about why are wide-ranging. Unlike AMC Entertainment Holdings Inc., a fe...

Canada’s Polar Asset Management Partners Inc. raised US$300 million for a fund that will invest in credit risk transfers, taking advantage of a trend that sees banks offloading risk into a fast-growing corner of the credit markets.   The fund offers instit...

With the S&P 500 Index setting all-time highs, BMO Capital Markets is predicting even more gains through the end of 2024. Brian Belski, the firm’s chief investment strategist, lifted his year-end forecast on the U.S. equity benchmark to 5,600, the highest...

At Florida Agricultural and Mechanical University, this year’s commencement ceremony brought a remarkable twist: The 136-year-old, historically Black public school was getting a US$238 million gift.  But the money wasn’t coming from a wealthy captain of in...

Cisco Systems Inc. gained about 4 per cent in extended trading after giving a solid sales and profit forecast for the current quarter, indicating that some customers are beginning to invest in their computer networks again. Sales will be US$13.4 billion to...

The Canada Mortgage and Housing Corp. estimates the country needs to build at least 3.5 million additional units by 2030Canada’s housing starts fell for a second consecutive month as the country’s construction shortfall continues. We apologize, but th...