DECRYPTION – The post-Covid era and teleworking have greatly facilitated their geographical mobility in 2021 and 2022. But as the housing sector seizes up due to rising interest rates, everything is in question. Summer months are good to change homes, and traditionally half of the annual movements in France take place between June and September. … Read more
India’s largest e-scooter maker, Ola Electric, posted an operating loss of $136 million on revenue of $335 million in the last financial year that ended in March , three sources told Reuters, missing the revenue target it had set. The 2022/23 loss figure for SoftBank-backed Ola Electric, which is gearing up for an IPO of … Read more
Earlier this month, the Board of Directors of Bank of America Corporation declared a quarterly common stock dividend of $0.24 per share, payable September 29, 2023 to shareholders of record as of September 1, 2023, an increase of 9%. compared to the second quarter common stock dividend, which was $0.22 per share. 2023-07-28 04:36:48 #Bank … Read more
(Photo: 123RF) MARKET REVIEW. The New York Stock Exchange opened Tuesday mostly in the green at the start of a busy day in corporate results and on the eve of a monetary decision by the American central bank. To (re)consult market news Stock market indices at the opening In Toronto, the S&P/TSX increased by +6.80 … Read more
Starbucks violated U.S. labor law by firing a Manhattan store supervisor who organized workers to join a union, a federal labor board judge ruled Monday. The National Labor Relations Board has established “compelling and strong evidence of animosity” behind Starbucks’ firing of Rhythm Heaton as a shift manager at its Astor Place store, NLRB Administrative … Read more
(Photo: Catherine Charron) MARKET REVIEW. The New York Stock Exchange ended higher on Monday, driven by new indicators that support the hypothesis of a controlled landing for the American economy, which allowed the Dow Jones to record an eleventh positive session in a row. The strength of the energy sector allowed the Toronto Stock Exchange … Read more
UK builders are building fewer homes, reducing land purchases and offering more incentives as high mortgage rates and a lack of immediate government support make homes less affordable for first-time buyers. Britain’s leading homebuilder, Barratt, said this month it would build around 20% fewer homes in financial year 2024, while upscale builder Berkeley expects annual … Read more
(Reuters) – French-Italian automaker Stellantis and South Korean battery maker Samsung SDI said on Monday plans to jointly open a second electric vehicle battery factory in the United States, which is expected to start production in 2027. The two groups specified that the transaction had yet to be finalized and that the location of the … Read more
The state of New Jersey sued the Biden administration on Friday to block New York City’s congestion pricing plan. Last month, the plan cleared a major hurdle when the U.S. Department of Transportation’s Federal Highway Administration (FHWA) said the city had adequately assessed how congestion charging would help protect the environment. Starting next year, the … Read more
Prices of cocoa, the raw material for chocolate, hit their highest level in more than 22 years in New York on Tuesday, just weeks after hitting their highest level in 46 years in London, as traders and Chocolate producers face supply restrictions. Benchmark cocoa contract prices at the Intercontinental Exchange in New York hit $3,429 … Read more