FIVE Financial News

ResiClub co-founder and editor-in-chief Lance Lambert discusses the U.S. housing affordability crisis on 'Making Money.'

Companies planning to set up new liquefied natural gas (LNG) terminals or expand existing ones will need approval of the downstream regulator, according to a draft regulation by the Petroleum and Natural Gas Regulatory Board (PNGRB), which is seeking to regulate terminals that are expanding rapidly while remaining deeply underutilised.

Fines against Toronto-Dominion Bank tied to U.S. money-laundering probes may total as much as US$4 billion following fresh allegations involving the lender, according to Jefferies Financial Group Inc. analysts — double previous estimates of the potential impact on Canada’s second-largest lender.

After a 27-month anxiety marathon that saw 475 basis points of rate hikes, Bank of Canada governor Tiff Macklem turned into a summer Santa on Wednesday, trimming Canada’s key lending rate by 25 basis points.

The wealth of the world’s rich is hitting record levels again, with North America leading the way, says a report out this week.

Top news of the day: On 6 June, a series of events are set to take place right from politics to business. Wipro has been awarded a $500-million deal by a leading US communication service provider over a period of five years.

Lounge, I wrote about how fitness enthusiasts should become friends with the barbell if they are serious about their goals. Just using a barbell can make your workout unique and test how creative you can get within the confines of good technique. There are some days when you don’t want to go through all the racks and machines, especially in a busy gym hour.

European Central Bank cut interest rates for the first time in five years on Thursday but kept investors in the dark about its next move given increasing uncertainty over inflation after a sharp slowdown in the past year.

Longer talktimes, lower incentives: edtech turns up the heat on its employees Edtech startups have been struggling with falling sales and muted investor sentiment over the past few years. According to data from research platform Tracxn, funding for Indian edtech firms surged from $599 million in 2019 to $4 billion in 2021 as covid forced students to learn from home. However, investment in the sector dropped to about $312 million in 2023, and stands at about $182 million in the first five months of 2024.

Also read | New avatar likely for GST compensation cess There is also some relaxation for the taxman. Tax authorities will have three years to raise duty demands, as opposed to the two-year time limit prescribed in the existing excise law, said Jain. “This Bill may lead to a reduction in compliance burden, and provide a comprehensive legal framework better suited to the current economic landscape," said Jain.

«For someone who is already an existing investor, you need to keep asking yourself the question, that what are my goals and is my portfolio in tune with those goals because setting up a portfolio at one stage is part of the job done,» says Arnav Pandya, Founder, Moneyeduschool. Time to look at a five-year plan for your portfolio. If in case you are someone who is yet to enter the world of investments and looking for a portfolio, I mean, there are a few ground rules that you should be taking care of, but then someone who is about to start the investment journey and also someone who has an existing portfolio, let us take a time frame of five years and the kind of changes that one should be doing in their portfolio which is existing and formation of a new portfolio. Investor who is looking at building a portfolio, the job is obviously much easier because you need to follow some basic rules, which is that you need to keep investing regularly over a period of time, you need to first set your goals. Based on their goals, you can do the asset allocation, which is suitable for you and based on that look at how much you will allocate to each asset class, be it equity, debt, real estate, gold.

Also Read: Kronox Lab Sciences IPO day 3: GMP, review to subscription status. Apply or not?Investors can ascertain if they have been allotted shares and to what extent by identifying the basis of allocation.

Stocks to buy or sell: Following a significant downturn on Tuesday due to the Lok Sabha Election results, the Indian stock market showed signs of recovery on Wednesday. The Nifty 50 index surged by 735 points, closing at 22,620, while the BSE Sensex skyrocketed by 1303 points, concluding at 74,382.

semiconductor company, has now become the first computer-chip firm to hit a $3 trillion market capitalisation, as per a Bloomberg report. The Santa Clara, California-based company's shares have surged roughly 147 per cent this year, adding about $1.8 trillion due to the increasing demand for its chips that power artificial intelligence (AI) tasks.

Brookfield Asset Management Inc. can triple the size of its private equity unit in the next five years, said Anuj Ranjan, the head of the business, in an interview with Bloomberg TV.

Canadians planning a road trip this summer could see some relief at the pumps but a volatile energy market and weather disruptions threaten gas prices in the country, experts say.

A new agreement between Alaska’s capital city and major cruise lines seeks to cap the daily number of cruise ship passengers arriving in Juneau starting in 2026

Walmart is offering new perks for its hourly workers

Months after Disney and Gov. Ron DeSantis’ appointees agreed to end their legal fight, the two sides are set to approve an agreement that could result in the company investing up to $17 billion into its Florida resort

The Bank of Canada cut its key interest rate Wednesday and Canadian banks are following suit.

judgment that the U.S. fast food giant failed to prove that it was genuinely using the Big Mac label over a five-year period for chicken sandwiches, poultry products or restaurants.The Big Mac is a hamburger made of two beef patties, cheese, lettuce, onions, pickles and Big Mac sauce.