Category: Finance

Three takeaways from a busy week in markets: Morning Brief

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Saturday, February 11, 2023

Today’s newsletter is by Myles Udland, Head of News at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn. Read this and more market news on the go with the Yahoo Finance App.

Corporate earnings season is coming down the other side of the mountain after a hectic couple weeks.

But even in the absence of a Fed meeting, or jobs report, or earrings reports from

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Susan Rimmer reads CIBC for sustainable finance talent war

Susan Rimmer, head of investment banking at CIBC, in Toronto on Feb. 10.Tijana Martin/The Globe and Mail

Three months into her new job as head of global corporate and investment banking at the Canadian Imperial Bank of Commerce CM-T, Susan Rimmer is focusing on a trend that is set to play out over three decades.

Ms. Rimmer, who has three decades of experience in debt markets and corporate banking, is hoping the bank’s newly-formed energy infrastructure and transition group will be first to carve a successful niche in climate-change-related financing, as well as by hyper-focusing on US renewable power

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WhiteHorse Finance, Inc. (NASDAQ:WHF) Sees Significant Decline in Short Interests

WhiteHorse Finance, Inc. (NASDAQ:WHF – Get Rating) was the target of a large decline in short interest during the month of January. As of January 31st, there was short interest totaling 61,400 shares, a decline of 20.9% from the January 15th total of 77,600 shares. Based on an average daily trading volume, of 76,500 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.4% of the company’s stock is sold short.

Insider Activity

In related news, Director John Bolduc bought 7,690 shares of WhiteHorse Finance stock in a transaction that occurred on Monday, December 5th. The stock was purchased at

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Are Finance Stocks Lagging Manulife Financial Corp (MFC) This Year?

For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Manulife Financial (MFC) one of those stocks right now? A quick glance at the company’s year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.

Manulife Financial is one of 870 companies in the Finance group. The Finance group currently sits at #12 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the

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Manchester City charged by the Premier League over alleged financial rule breaches

A Manchester City logo on the field at the Etihad Stadium, in Manchester, Britain, on Dec. 22, 2022.JASON CAIRNDUFF/Reuters

The Premier League has referred Manchester City to an independent commission over more than 100 alleged breaches of finance rules since the club were acquired by the Abu Dhabi-based City Football Group.

The referral came weeks before the expected publication of a government white paper set to recommend the establishment of an independent regulator in English soccer to deal with the game’s finances, club ownership and corporate governance.

City, the world’s highest revenue-generating club last season according to Deloitte, are

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Alberta Finance Minister Toews spars with feds over who needs to step up with incentives

Ottawa and Alberta remain at odds over who is responsible for industrial subsidies after an in-person meeting of finance ministers Friday.

UCP Finance Minister Travis Toews sat down with his provincial and territorial counterparts and federal Finance Minister Chrystia Freeland to discuss global economic pressures and a looming transition to a low-carbon economy.

At a news conference Friday afternoon in Toronto, Freeland said the provinces and territories need to pitch in to help the federal government compete with the American Inflation Reduction Act (IRA), which offers massive subsidies to US-made products.

“We need to

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Boeing plans to cut about 2,000 finance and HR jobs in 2023

SEATTLE (AP) — Boeing plans to make staffing cuts in the aerospace company’s finance and human resources departments in 2023, with a loss of around 2,000 jobs, the company said.

“We expect about 2,000 reductions primarily in Finance and HR through a combination of attrition and layoffs,” Boeing said in a statement Monday. “While no one has been notified of job loss, we will continue to share information transparently to allow people to plan.”

The company, which recently relocated its headquarters to Arlington, Virginia, said it expects to “significantly grow” the overall workforce over the year. “We grew Boeing’s workforce

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Euthanasia Soon to Be A Leading Cause of Death in Canada?

February 7, 2023 · 7:00 AM

From DailyMail:

Last year, more than 10,000 people in Canada – surprisingly that’s over three percent of all deaths there – ended their lives via euthanasia, an increase of a third in the previous year. And it’s likely to keep rising: next year, Canada is set to allow people to die exclusively for mental health reasons.

Only last week, a jaw-dropping story emerged of how, five years into an infuriating battle to obtain a stairlift for her home, Canadian army veteran and Paralympian Christine Gauthier was offered an extraordinary alternative.

A Canadian official told

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