Tag: financial

New committee to report on North Bay’s long-term financial plan

Deputy Mayor Maggie Horsfield, also the budget chief, would be appointed as the chair of the Long-Term Financial Plan Committee with council approval of a motion on Tuesday’s agenda

If passed during Tuesday’s regular meeting, a motion from Deputy Mayor Maggie Horsfield, seconded by Councillor Mac Bain would establish the North Bay City Council’s Long-Term Financial Plan Committee.

According to the motion, the committee would consist of five appointed councillors and would have staff resources provided by the Chief Administrative Officer and Chief Financial Officer.

Horsfield, who also served as the budget chief, would be appointed as the Chair of

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Opinion: In this economy, traditional personal finance advice can no longer help you

Open this photo in gallery:

Elena Delgado picks up food during a visit to the Daily Bread Food Bank on April 18. Delgado has been using the food bank once a week since the pandemic began.Fred Lum/the Globe and Mail

Saijal Patel is the founder and chief executive officer of Saij Wealth Consulting, a consultancy and education platform dedicated to empowering women’s financial independence and security.

As a financial educator and a business TV host, I’m witnessing first hand the profound impact that recent economic changes have had on the psyche. There’s a notable shift in conversations – from

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Senate Finance chair pushes GOP megadonor for answers about financial ties with Clarence Thomas



CNN
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Senate Finance Chairman Ron Wyden is pushing back on assertions from GOP megadonor Harlan Crow that the panel lacks authority to request personal tax information and travel records from him as part of a probe into whether hospitality he provided to Justice Clarence Thomas could have triggered violations of US tax law.

In a letter sent Wednesday to Crow’s attorney, the Oregon Democrat asked the Texas billionaire’s team to provide a number of documents to the committee by June 2. Democrats on the Senate Finance Committee met earlier this week and discussed issuing a subpoena if Crow did

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China and US debt concerns may dominate the G7 finance chiefs’ talks

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People walk down station stairs featuring the logo of the G7 Finance Ministers and Central Bank Governors meeting, in Niigata, Japan, on May 10.Shuji Kajiyama/The Associated Press

China will be the elephant in the room at this week’s meeting of Group of Seven (G7) finance leaders, who will seek to diversify supply chains away from the country – but also try to get Beijing’s co-operation in solving global debt problems.

The conflicting goals come on top of the vulnerabilities of the G7 rich democracies face due to their heavy reliance on China, which is

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Disney stock sees biggest decline in six months after subscribers miss estimates

Disney (DIS) stock tumbled as much as 9% and closed down 8.7% on Thursday — its biggest decline in six months — after the media giant reported quarterly results on Wednesday that showed earnings per share missed estimates by a penny while Disney+ shed 4 million subscribers in the quarter.

The subscriber miss comes as streaming losses narrowed amid Disney’s continued efforts to slash $5.5 billion in costs this year.

The report was the first since Disney announced its new three-pronged business reorganization — Disney Entertainment, ESPN, and Disney Parks, Experiences and Products — as CEO Bob Iger attempts to

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Have your say: Are you jumping into the housing market?

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Read the full story here: What’s the maximum number of years I can lock into a fixed-rate mortgage in Canada?

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First Republic Bank was seized and sold to JPMorgan

Emergency government-led intervention comes after private rescue efforts

Published May 01, 2023 • Last updated 3 days ago • 2 minute read

First Republic Bank has been seized and a deal agreed to sell the bank to JPMorgan Chase & Co.
First Republic Bank has been seized and a deal agreed to sell the bank to JPMorgan Chase & Co. Photo by PATRICK T. FALLON/AFP via Getty Images

United States regulators on Monday said First Republic Bank has been seized and a deal agreed to sell the bank to JPMorgan Chase & Co., in what is the third major US institution to fail in two months.

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Here Are 5 Things You Should Never Spend Money on If You Want To Be Rich

Gorodetskaya Nadezhda / Shutterstock.com

Gorodetskaya Nadezhda / Shutterstock.com

If you’re not rich, you may wonder how you can get rich at various intervals of your life. Building long-term wealth generally means making smart decisions with your finances like investing consistently and prioritizing paying off any debt.

Learn More: Why Stealth Wealth Is the Best Way To Handle Your Money
Related: How To Build Your Savings From Scratch

What it doesn’t include is spending money on stuff that doesn’t have lasting value. How do you know which purchases are preventing you from building wealth? Here’s what one financial planning expert does not recommend spending your

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