On Nike, Morningstar Equity Analyst David Swartz says the company is facing"economic challenges in all of its major regions" including China. Swartz notes that China's high youth unemployment may be taking a toll on Nike's results.
Competition for customer deposits among Canadian banks is expected to intensify with the likely onset of lower interest rates as clients divert funds parked in high-yielding fixed income products to riskier investments in search of better returns, analysts and executives say. For banks, sticky customer deposits are a cheaper source of funding that keeps costs under check and boosts lending margins.
Discover how Warren Buffett amassed his $136 billion net worth, which is up by almost $16 billion this year, and how he spends his fortune.Trump SPAC Sues to Force Board Member’s Vote for Media Deal Japan Airlines announced plans to order more Boeing planes Thursday but it’s not the show of confidence investors might initially expect.Posthaste: Canadians hit the brakes on car ownership, say it's too expensiveTORONTO — Royal Bank of Canada says it will be closing 25 HSBC Bank Canada branches and rebranding dozens more after its takeover deal closes next week.
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