HSBC considers windfall dividend from $10 billion sale of Canadian unit to RBC

HSBC considers windfall dividend from $10 billion sale of Canadian unit to RBC

Deal comes under pressure from Chinese shareholder Analysts hail ‘sense’ deal The bank could return the proceeds of the transaction to the shareholders LONDON/TORONTO/NEW YORK, Nov 29 (Reuters) – HSBC (HSBA.L) has agreed to sell its Canadian business to Royal Bank of Canada (RY.TO) for C$13.5 billion ($10 billion). dollars) in cash, thus paving the …

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Stocks trade lows ahead of Powell speech: Market recap

Stocks trade lows ahead of Powell speech: Market recap

(Bloomberg) – Stocks pared most of their losses as traders didn’t want to make big bets ahead of Jerome Powell’s speech on Wednesday. Bloomberg’s Most Read Gains in energy, industrials and financials companies tempered a decline in big tech. Amazon.com Inc., which sells investment-grade debt securities, saw its shares tumble. A gauge measuring the global …

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Tesla still dominant, but its market share in the United States is eroding as cheaper electric vehicles arrive

Tesla still dominant, but its market share in the United States is eroding as cheaper electric vehicles arrive

You’re here is still the best-selling electric vehicle brand in the United States, but its dominance is eroding as competitors offer a growing number of more affordable models, according to a report released Tuesday by S&P Global Mobility. The data company found that Tesla’s market share of new U.S.-registered electric vehicles was 65% in the …

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How to Decide Whether to Roll Over an Old 401(k) or Leave It Alone

Despite signs of a slowing job market, Americans — especially younger people — continue to change jobs. According to a recent Prudential Pulse survey, about a third of millennials have changed jobs since the pandemic began. Among Gen Z workers, almost half have changed employers and 18% have experienced more than one job change during …

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These 4 Money Moves Will Save Me Over $6,000 in 2023

Image source: Getty Images Could you generate similar savings by making a few small changes? Key points Reducing monthly subscriptions or other fixed costs could save you a lot of time throughout the year. Having weeks without regular spending might sound scary, but we’ve loosened the restrictions to make it achievable. Bank charges can add …

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Energy CEO says markets should prepare for 'one or two years of extreme volatility'

Energy CEO says markets should prepare for ‘one or two years of extreme volatility’

Russia’s invasion of Ukraine has upended energy security around the world, plunging many countries into an energy crisis that industry leaders fear will last for years. Russia was one of the world’s largest suppliers of oil and natural gas before the war, but eroding tensions with the West following the invasion disrupted energy markets around …

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'It wasn't sustainable or real': Tech layoffs approaching Great Recession levels

‘It wasn’t sustainable or real’: Tech layoffs approaching Great Recession levels

The number of layoffs in the tech sector this year is approaching the annual levels seen during the Great Recession, but is far from dot-com-bust territory. As tech companies grapple with falling stock prices, inflation, rising interest rates and a possible recession, they have announced more than 60,000 job cuts this year, with indications such …

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Stock market weakens at noon awaiting Powell's speech;  This IBD index surpasses

Stock market weakens at noon awaiting Powell’s speech; This IBD index surpasses

The stock market weakened at midday on Tuesday, sending the main indexes near the lows of the day. An apparent easing of Covid restrictions in China could not offset the stock market’s apprehension over the upcoming data and Jerome Powell’s speech. X The Nasdaq composite slipped 0.6% and the S&P 500 fell 0.4%. The Dow …

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