Pre-market shares: Markets hope Porsche can break the IPO freeze

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can register over here. You can listen to an audio version of the newsletter by clicking on the same link. New York CNN Business – Warnings of a global recession are spreading widely, inflation is continuing and … Read more

The US bear market deepens: What does it mean for you | Financial Market News

US stocks fell further this week as investors navigated a barrage of bad news. Central banks around the world are striving to fight rising inflation by increasing the cost of borrowing without hurting long-term growth prospects. Adding to the uncertainty and fear, the escalation of tensions between the West and Russia in the wake of … Read more

The US bear market deepens: What does it mean for you | Financial Market News

US stocks fell further this week as investors navigated a barrage of bad news. Central banks around the world are striving to fight rising inflation by increasing the cost of borrowing without hurting long-term growth prospects. Adding to the uncertainty and fear, the escalation of tensions between the West and Russia in the wake of … Read more

Why cash-strapped Canadians may be pushed into bankruptcy soon

“Wicked Rising.” This is how Doug Howes describes how much debt Canadians take on. And he’ll know that a licensed insolvency trustee is spending his days working with people drowning in debt, at a time when consumer bankruptcies are at their highest levels since the pandemic began. Interest rates are rising, a recession is looming, … Read more

CFOs say inflation hasn’t peaked yet, recession is already here or will hit soon

A woman shops for oat milk at a supermarket in Santa Monica, California, on September 13, 2022. Abu Gomez | AFP | Getty Images and CNBC Introducing Alpha Summit to Investor In New York City on Wednesday, many of the big names in the investor community indicated that they see no signs of inflation abating. … Read more

Canada Post quietly transitions into banking with nationwide launch of personal loans

Canadians can now borrow money through the Post Office. Canada Post has partnered with TD Bank to offer personal loans ranging from $1,000 to $30,000 at a fixed or variable rate. Applications can be completed online. The Canada Post loan project was introduced as a pilot project in Nova Scotia a year ago, and was … Read more

Bank of England says to watch markets ‘closely’ after pound falls | Business and Economics News

The Bank of England said it would not hesitate to change interest rates and was watching markets “closely” after the pound plunged to a record low and British bond prices collapsed in response to the new government’s fiscal plans. Finance Minister Kwasi Quarting sent sterling and government bonds into free fall on Friday with the … Read more

Alcohol and food prices – even holidays – will rise sharply as the Canadian dollar falls against the US dollar

As he sits at his desk and turns on his computer every day, the first thing Steve Bamford does is visit a currency exchange site. No, he is not in the realm of high finance. But these days, with the Canadian dollar declining, a seasoned wholesaler needs to keep an eye on where the currency … Read more

Warning signs: Eight charts to watch as Canada flirts with recession

On several fronts, things are getting worse for the Canadian economy. Growth fades. The job market is giving up jobs. And inflation is very high. In contrast, a growing number of local banks expect Canada to slip into recession by next year. Mood worsened on Wednesday as the US Federal Reserve predicted that higher interest … Read more

Canadians are taking drastic steps to save on groceries as experts say soaring food prices will continue

Economists were even dismayed to see food price inflation rising at the fastest pace in more than 40 years in August, as new figures from Statistics Canada show that grocery prices continue to rise seemingly unabated. The new numbers have left many consumers concerned about how long this trend will last, and while there are … Read more