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Now that independent broker-dealers are competing in the red-hot mergers and acquisitions market to buy registered investment advisors and wealth managers, they’re paying millions of dollars for financial advisors’ business, the same non-employee advisors who were already registered with the firms.

A new survey has found nearly one-third of Canadian young adults have been victims of an online scam, despite being part of a generation marked for its digital acumen.

Investing.com-- The S&P 500 slipped Wednesday, but the broadening out of the rally beyond tech kept losses in check ahead of key inflation data that will likely influence the Federal Reserve interest rate outlook.

Investing.com --  Salesforce on Wednesday delivered upbeat guidance and posted better-than-expected fourth-quarter earnings as a step up in enterprise spending bolstered performance, paving the way for the cloud software maker to roll out its first quarterly dividend and upgrade its stock buyback plan.  

Investing.com --  Snowflake (NYSE:SNOW) reported Wednesday better-than-expected fourth-quarter results and the data company announced that chief executive officer Frank Slootman had decided to retire and would be succeeded by Sridhar Ramaswamy.

Tata Sons chairman N Chandrasekaran said on Wednesday that the conglomerate will announce its semiconductor chip fab «very soon,» and «it will be a very big investment.» The conglomerate has taken bets for the future — be it Air India or its electronics and semiconductor play, Chandrasekaran said while delivering the 20th Anantharamakrishnan memorial lecture on «India's Leadership in a Pivotal Decade» after being conferred with the MMA-Amalgamations Business Leadership Award 2023. He did not elaborate on plans for the semiconductor fab unit. ET had reported last week that the Tata group could be exploring partnerships with either one of two major Taiwanese chipmakers — Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group — for its proposed chip fabrication plant at Dholera in Gujarat.

Sylvester Stallone's "Tulsa King" is all set to be released on CBS this summer. It premiered on streaming platform Paramount+, as per a report in Deadline. It must be noted that the second season of «Tulsa King» will premier on Paramount+ this fall, as per the report. «Tulsa King», when it was released, became the second most watched series on Paramount+, as per the report.

Drea de Matteo, renowned for her role in 'The Sopranos,' recently shared how her decision to join OnlyFans provided a lifeline during challenging financial times, as per a USA Today report. 52-year-old «Sopranos» actress revealed in a recent interview with the DailyMail that she found herself teetering on the brink of losing her home, with just $10 left in her bank account, before opting to share content on the subscription-based platform in August, USA Today reported.

Phone spoofing, also referred to as caller ID spoofing, is a tactic employed by scammers to deceive individuals into picking up their calls. Through the utilization of software or hardware, scammers manipulate the caller ID to display a different number, often one that belongs to an unsuspecting individual. This fraudulent practice poses challenges for both the legitimate owner of the spoofed number and the unsuspecting recipients of the scam calls, as per a Fox report. If one suspects that his/her phone number has been spoofed, there are steps user can take to address the situation before it escalates. First, assess whether your phone number has indeed been spoofed. Next, investigate how scammers gained access to your phone number. If your number has already been spoofed, follow specific steps to mitigate the impact. Finally, take measures to prevent scammers from spoofing your phone number in the future.

By David Shepardson

By David Shepardson

Quiver Quantitative — Beyond Meat stock (NASDAQ:BYND) experienced a dramatic surge, jumping as much as 61% in intraday trading, marking its best one-day move since 2019. This leap has placed significant pressure on short sellers, who are now grappling with nearly $74 million in paper losses. The rally in Beyond Meat's shares is not just a reflection of its quarterly earnings report but also sets the stage for a potential short squeeze. Such a scenario occurs when short sellers, those betting against the stock, are compelled to buy back shares to cover their losing positions, further driving up the stock price.

Investing.com — Canada’s main stock index, the S&P/TSX Composite index, tracked Wall Street’s main indices lower today as sentiment turned risk-off following the second revision of U.S. fourth-quarter GDP data.

Investors often find dividends attractive, but it's not wise to base stock purchases solely on high dividend yields. While dividends can be a bonus, they shouldn't be the primary reason for buying stocks.

Sri Lanka’s bustling Colombo airport is busier than it has been in the past few years. Last year, the country welcomed 1.5 million tourists, a fifth of them from India. Long-stay Russians number 300,000 and have transformed some of the country’s southern resort towns, not always for the better.

There has been a huge divergence in India among observers on the state of consumption in general and the health of rural demand in particular. Not surprisingly, there is also a squabble over the appropriate letter of the alphabet to denote the shape of consumption demand. There has also been a discernible cleft between rural and urban areas, as also between goods and services, when it comes to the rates and patterns of private consumption demand growth.

Red Bull has confirmed that Christian Horner will remain in charge of its champion Formula 1 team after an investigation cleared him of alleged misconduct toward a team employee. Horner will stay on as chief executive and team principal after the announcement, which came three days before the first race of the season. “The independent investigation into the allegations made against Mr. Horner is complete, and Red Bull can confirm that the grievance has been dismissed. The complainant has a right of appeal.

Air India has refinanced short-term loans with the State Bank of India (SBI) and Bank of Baroda (BoB) for a three-year loan at an attractive rate, thanks to the conglomerate's strong credit profile. The new Rs 19,000 crore loan will be used to finance the carrier's working capital needs and upgrade its aircraft fleet, people familiar with the details said. The loan has replaced the short-term Rs 18,000 crore bridge loan Air India had availed from SBI and BoB to complete the Tata group's takeover of the erstwhile national carrier in January 2022. It was subsequently renewed for a year in 2023.

Stripe has grown to a valuation of $65 billion, allowing some of its employees to sell their shares in the company, according to a report from the Wall Street Journal Wednesday.

By Stephen Nellis

Sharif said 'Shehbaz is the best choice for the prime ministership, especially in the current circumstances Pakistan is in’, English daily Dawn reported. “Nawaz officially nominated his younger brother Shehbaz Sharif and party loyalist Sardar Ayaz Sadiq for the posts of prime minister and speaker of the National Assembly.