Whether it’s mutual funds, savings accounts or stock trading, millions of Canadians depend on investments for their financial future. But for some Muslims, faith took many monetary options off the table because of religious restrictions around concepts like paying — or being paid — interest. It meant for years Canadians like Ammar Maqsud, who observes those religious tenets, couldn’t even put money in … Read more
Have gold’s go-go days arrived? Bullion bullishness is rising with its recent price breaking $2,100. Costco says it can’t keep gold bars in stock. But be gold-darned careful before embracing the yellow brick road. Gold requires impeccable market timing. Otherwise, it’s portfolio pyrite—a lead weight. If you can’t time stocks, don’t try gold. Here is … Read more
Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners. Lithium batteries, the current industry standard, can be ticking time bombs. They’re expensive, environmentally unfriendly, and, frankly, potentially … Read more
Outgoing Morgan Stanley CEO James Gorman ripped banks’ “stupidity of their own management” as one of the top threats facing Wall Street — right alongside artificial intelligence. When reflecting on his nearly 14-year tenure at Morgan Stanley to the Financial Times, Gorman — who has less than two weeks left at the firm — said … Read more
Amazon is in talks to invest in regional-sports programmer Diamond Sports, a move that would advance the e-commerce giant’s aggressive push into sports content, the Wall Street Journal reported Monday, citing people familiar with the matter. Diamond Sports Group, which carries the games of more than 40 major sports teams across the US and filed for … Read more
The House of Commons special committee studying Canada-China relations is urging the federal government to introduce new measures to prevent Canadian pension funds from investing in Chinese companies implicated in human rights abuses, corruption or threats to national security. The committee’s report, tabled in the House of Commons this week, calls on Ottawa to, in partnership with … Read more
An investor group reportedly offered $5.8 billion to buy Macy’s and take the major American department store chain private. Real-estate focused investing firm Arkhouse and Brigade Capital Management, an asset management company, submitted a proposal to acquire the Macy’s stock they don’t already own on Dec. 1, people familiar with the matter told The Wall … Read more
Elon Musk’s SpaceX has approached investors about another tender offer that would value the company at above $175 billion, Bloomberg reported Wednesday. Tender volume could go up as it is not finalized that could value the firm even higher, the report added. SpaceX’s current valuation of about $150 billion makes it one of the most … Read more
