Maxim Financial News

Shares of Chinese e-commerce firm Alibaba Group Holding plunged as much as 10% in New York after it said Thursday it scrapped plans to spin off its cloud business because of uncertainties related to U.S. chip restrictions

Markets are constantly moving up and down during uncertain times. Be it pivotal macroeconomic indicators, companies' earnings, or influential statements from central bankers, each factor is capable of steering the stock market in unpredictable directions.

As 2023 draws to a close, investors are already directing their attention to 2024, honing in on stocks anticipated to deliver robust earnings results in the first quarter of the upcoming year.

stolen vehicle models in Canada for 2022 have been revealed as car theft has become a crisis in the country.Topping the list is the Honda CR-V for the second year in a row with about 5,620 thefts in 2022, according to Équité Association, which investigates the thefts. The 2020 model was the most stolen.In second place is the Dodge RAM 1500 Series with 2,600 thefts and the 2022 model most stolen, then in third is the Ford F150 Series, followed by the Lexus RX Series and the Toyota Highlander.Completing the list are the Honda Civic, Jeep Grand Cherokee, Land Rover Range Rover, Chevrolet/GMC Silverado/Sierra 1500 Series, and the Jeep Wrangler.Bryan Gast, vice-president of investigational services at Équité, told Global News on Wednesday that the car models that made the top 10 list are the ones that are most in demand overseas — where the stolen vehicles are often shipped to and sold for a profit.Nine of the top 10 models are from 2019 and newer in order for criminals to maximize their profits, Équité said in a statement Tuesday.“Right now what’s driving the top 10 is demand,” Gast said.

Hot new crypto presale Cogwise ($COGW) has now smashed through the $1 million barrier just six weeks after it launched.

Several advisors recently spoke about what it takes to lead a purposeful business and how amplifying their impact provides a strong advantage to their firm.

One of the world's largest oil and gas exploration, production and marketing companies, Petroleo Brasileiro Petrobras (NYSE:PBR) released its Q3'23 earnings last Thursday, November 9. Although the figures were slightly disappointing on a first impression, with a big drop in profit, InvestingPro still sees an interesting future for the Brazilian giant.

Retirement is the pinnacle of most Canadians’ financial plans. But the financial industry’s emphasis on investing means there can be a tendency to overlook alternative strategies that can make retirees better off when they stop working. Here’s a look at some of them.

Stocks kicked off the week with losses after posting big gains this month, with traders awaiting key inflation data, remarks from United States Federal Reserve speakers and results from some giant retailers.

₹500 crore in funding. This is a testament to the enduring allure of sound business models and strong execution capabilities, even as venture capital has become a whole lot more expensive and scarce than in the prolonged period of near zero policy rates in the US, and more mature startups fail to get additional funding, thanks to an overvaluation overhang. The US Fed began raising its policy rates in March 2022, in response to rising inflation, amid expectations that the rate rising practice would continue for months on end.

A new study released this week from a collective of four American business scholars highlights the potential opportunities and risks donors and charities face when dealing with cryptocurrency donations. 

Antony Blinken on Friday said that “far too many" Palestinians have died and suffered as Israel wages a relentless war against Hamas group in the Gaza Strip. Speaking to reporters in New Delhi, Blinken said recent Israeli moves to improve dire conditions in Gaza as its military pushes deeper into the strip — including pauses in military operations to allow Palestinians to move from northern to southern Gaza and the creation of a second safe corridor — are positive but they are not nearly enough.

Whether you should invest in stocks or in mutual funds is a debate as old as the emergence of financial markets itself. Let’s draw from historical data and technical analysis to see which one is the better option for higher returns.

Chinese President Xi Jinping said Wednesday that potential risks associated with artificial intelligence (AI) are challenges that countries should deal with together, remarks that come against the backdrop of China’s rigid control of free speech on the internet. At the same time, China has also maximized the internet’s economic benefits and social media’s propaganda contributions to the ruling Communist Party’s authoritarian agenda.

TOKYO (Reuters) -France's Renault (EPA:RENA) has cut its stake in Nissan (OTC:NSANY) to 15% from about 43% by placing 28.4% of the Japanese automaker in a French trust, the companies said in an alliance statement, putting them on equal footing.

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Gland Pharma climbed 6% to Rs 1,674.6 in Tuesday's trade on BSE despite the firm posting a 20% year-on-year (YoY) fall in consolidated net profit to Rs 194 crore for the September quarter of the financial year 2024. The company reported a profit of Rs 241.2 crore in the same period last year. However, its revenue came in at Rs 1,373.4 crore, up 32% from the year-ago quarter figure of Rs 1,044.4 crore. Meanwhile, the company's earnings before interest, taxes, depreciation and amortization (EBITDA) came in at Rs 320.5 crore, up from Rs 297 crore in the year-ago period. Following Q2 results, domestic brokerage firm Motilal Oswal reiterated its 'Buy' rating on Gland Pharma with a target price of Rs 1920. «Gland Pharma delivered an in-line operational performance in 2QFY24.

Goodyear Tire (GT) reported its Q3 results, with EPS of $0.36 coming in better than the consensus of $0.19. However, revenues of $5.14 billion missed the consensus estimate of $5.3B.

Today, each one of us needs outside help from a ‘consultant’ for most areas of our lives. We visit doctors who consult us; we go to Vastu experts when building or renovating our homes; we go to a CA for filing our returns; and we have those who help us invest. We do this because these ‘outsiders’ offer us objectivity, expertise, and knowledge of the world around us, including how to maximize the value creation process.

Investing.com -- Stock futures on Wall Street inch higher to begin the trading week, with investors digesting the implications of recent economic data on future Federal Reserve policy decisions and looking ahead to a fresh batch of corporate earnings. Elsewhere, China's Ant Group wins approval from Beijing to release its AI model to the public, while the cash pile at Warren Buffett's Berkshire Hathaway (NYSE:BRKa) swells to a record high.

Diwali, the festival of lights, is a time of celebration and togetherness, but it also presents a unique financial opportunity in the form of Diwali bonuses. Rather than splurging on fleeting luxuries, consider channelling your Diwali bonus toward a more substantial investment – prepaying your home loan. We will explore the advantages of utilizing your Diwali bonus for home loan prepayment, along with a comprehensive explanation of tax deduction sections, interest rates, and how your interest rate percentage plays a pivotal role in this financial decision.