The year of 2023 will go down as one of headline-grabbing, portfolio-rocking surprises for investors all over the world. Investors had to deal with shocking failures of major banking institutions for the first time since the Great Financial Crisis. The rise of generative AI came out of left field, lighting an inferno under tech stocks reminiscent of the late 1990s tech bubble.
Warren Buffett's company owns a piece of Chevron, which just struck a deal to acquire Hess, a key player in Guyana's oil boom.TORONTO — The Canadian dollar has dipped against its U.S. counterpart following the Bank of Canada's decision to hold its key interest rate at five per cent. Here's what it means for Canadians. How is the loonie doing? As of midday, it was trading at 72.55 cents to the U.S. dollar, compared with 72.83 cents on Tuesday.
Ruffer, a UK-based fund known for winning bets made in the volatility market, is now hoping for a big upswing in the Japanese yen.High interest rates are derailing the ambitions of climate regulators and automakers to accelerate the shift to electric vehicles, underscored Wednesday by the scrapping of a GM-Honda partnership and a warning from a battery maker.
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