As Trump’s trade war escalates to ‘new heights,’ Wall Street warns investors are in for more whiplash

As Trump’s trade war escalates to ‘new heights,’ Wall Street warns investors are in for more whiplash

Stock-market investors were dealt another blow late in the week as the US’ and China’s trade tit-for-tat entered new territory, ushering in wild market swings. As both nations inflict fresh rounds of tariffs and rock an already vulnerable market, strategists are warning the turbulence may be far from over. Here’s what happened: After the financial…

Hong Kong protests descended into violence over surveillance concerns on the movement’s 12th weekend

Hong Kong protests descended into violence over surveillance concerns on the movement’s 12th weekend

Pro-democracy protests in Hong Kong descended into violent chaos over the weekend as authorities and protestors clashed and broke nearly two weeks of peace. Hundreds of protesters shut down streets and wielded slingshots, poles, iron bars, and bricks in the fight with police that bloomed after a planned march against the government-installed “smart lampposts” that…

Canadian retail rebounds on Toronto Raptors’ unprecedented championship run

Canadian retail rebounds on Toronto Raptors’ unprecedented championship run

Canadians hunting for Raptor gear to celebrate their team’s resounding victory in The National Basketball Association finals helped perk up retail sales in an otherwise lacklustre June, according to Statistics Canada. “Clothing and clothing accessories stores (+4.2 per cent) and sporting goods, hobby, book and music stores (+3.7 per cent) recorded increases in June,” Statistics…

Amazon locks in capacity in Canada with strategic Cargojet deal

Amazon locks in capacity in Canada with strategic Cargojet deal

A $600-million partnership between Cargojet Inc. and Amazon.com Inc. will give the online retailer the option to purchase nearly 15 per cent of the Mississauga-based air cargo carrier over the next seven and a half years. The deal sent Cargojet’s stock soaring by more than 20 per cent Friday morning before falling back a bit,…

Wall Street wasn’t expecting much from Salesforce earnings, but its results and its $15.7 billion Tableau acquisition proved them wrong

Wall Street wasn’t expecting much from Salesforce earnings, but its results and its $15.7 billion Tableau acquisition proved them wrong

Before Salesforce announced earnings this week, analysts tell Business Insider that Wall Street was getting nervous about its core business. Its stock price has been languishing in recent months, taking a big hit back in May as the Salesforce platform itself faced a 15-hour outage. But analysts say that Salesforce’s better-than-expected earnings report on Thursday,…

Members of Twitter’s Trust & Safety Council says the social media platform didn’t consult them before changing its policies

Members of Twitter’s Trust & Safety Council says the social media platform didn’t consult them before changing its policies

Twitter is being criticized by members of its own Trust & Safety Council for failing to communicate its recent policy and product changes in advance. The security council members are not Twitter employees — the council comprises dozens of outside advocates and grassroots organizations with expertise in public safety, media literacy, digital citizenship, and online…

Trump orders American companies to stop manufacturing in China, suggests Powell is an ‘enemy’

Trump orders American companies to stop manufacturing in China, suggests Powell is an ‘enemy’

President Donald Trump said he’ll announce his response to the latest round of Chinese tariffs Friday afternoon, firing off a series of tweets that blasted the country and signalled mounting frustration with the direction of trade negotiations. “I will be responding to China’s Tariffs this afternoon. This is a GREAT opportunity for the United States,”…

Transat shareholders approve sale to Air Canada

Transat shareholders approve sale to Air Canada

Over to you, Ottawa and Brussels. Transat A.T. Inc. shareholders resoundingly approved Air Canada’s $720-million acquisition of the Montreal-based tour and airline operator, putting the fate of the deal in the hands of regulators. Almost 95 per cent of shareholders voted in favour of Air Canada’s improved $18-a-share cash offer at a special meeting in…

Billionaire David Koch owned at least $143 million of real estate in NYC, the Hamptons, Aspen, and Florida. Take a look at his lavish homes, from a $40 million Manhattan townhouse to a 13-bedroom Palm Beach villa.

Billionaire David Koch owned at least $143 million of real estate in NYC, the Hamptons, Aspen, and Florida. Take a look at his lavish homes, from a $40 million Manhattan townhouse to a 13-bedroom Palm Beach villa.

Billionaire conservative mega-donor David Koch has died at age 79. The late Koch Industries co-owner was worth an estimated $58.7 billion when he died (per Bloomberg). Most of Koch’s wealth stemmed from his 42% stake in Koch Industries, the industrial conglomerate with an annual revenue of about $110 billion, according to Forbes. Known for his…

Bernstein warns that retirees’ returns from 401(k) plans could be on borrowed time. Here’s how that could make inequality worse and alter the entire investing business.

Bernstein warns that retirees’ returns from 401(k) plans could be on borrowed time. Here’s how that could make inequality worse and alter the entire investing business.

Just about everyone with a 401(k) has worried there won’t be enough money in it when they retire. The Bernstein analyst Inigo Fraser-Jenkins said they’re right to be concerned. A surging stock market and a three-decade bull market in bonds have enriched people’s 401(k)s and other defined-contribution accounts in recent years. Fraser-Jenkins said stocks and…