Aubry Bracco wins Survivor 50, $2 million and Land Cruiser
Aubry Bracco won Survivor 50 in an 8-3-0 jury vote, taking a $2 million prize and a Toyota Land Cruiser. The win strengthens CBS and sponsors broadly.
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Finance — Page 4
Latest in Finance
Money worries hit 42% of Canadians, 3 steps to clarity
42% of Canadians say money is their top stressor, per FP Canada 2025. This guide turns financial worry into a three-step dashboard and an emergency buffer to act on.
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Just 25% file DTC, yet 96.6% of applications approved
Only 25% of likely-eligible people file a DTC application, yet 96.6% of completed claims were approved. Barriers include Form T2201 and low awareness.
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Stellantis stock down 30% as CEO unveils turnaround plan
Stellantis shares plunged nearly 30% since Antonio Filosa became CEO. On May 21 he will unveil a turnaround plan focused on brands, partner and N. America.
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Bank of America survey: 3.3 sentiment, 54% favour international stocks
BofA's June survey: investor sentiment 3.3, cash near lows. Managers favour international stocks, raising pullback risk before the July Fed meeting.
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Yields Jump to 5.06% and Test Stocks' Rally
30-year US Treasury yield rose to 5.06%, pushing 10-year yields into the mid-4% range and knocking stocks lower. Markets eye BOJ and long-dated auctions.
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Pied-à-Terre Tax: $500M Plan to Hit 13,000 NYC Units
New York's pied-à-terre surcharge would raise about $500 million a year by taxing roughly 13,000 secondary homes worth $5 million or more; Albany must approve the change.
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Best credit card Canada 2026: 4% back on gas
Best credit card Canada 2026: Amex SimplyCash Preferred gives 4% on gas and groceries. Rogers Red World Elite is the top no-fee option in recent roundups.
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Nghi Son secures crude to protect 35-40% of Vietnam's fuel supply
Nghi Son secured alternative crude, switched to non-Kuwaiti grades in Jan, helping it supply about 35-40% of Vietnam's fuel and keep supplies steady.
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S&P Falls 1.66% as AI Stock Sell-Off Spreads
S&P 500 fell 1.66% as AI and chip-stock selling spread, dragging US and Canadian markets. Which sectors and stocks were hit, and what to watch next.
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ECB can use 2% cushion to limit pain, Stournaras
Stournaras says inflation near 2% gives the ECB room to act if supply shocks push prices. He warns persistent second-round effects force tightening.
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US presses Asian deals to reduce China's rare-earth dominance
The U.S. struck Asia deals to cut reliance on China's rare-earth processing. Funding is tied to near-term starts, but mines and refineries will take years.
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Aramco posts $33.6B profit, courts Wall Street
Aramco profit of 126bn riyals ($33.6B) in Q1, with $18.6B free cash flow and a $21.9B dividend. Domestic pipelines kept exports as Riyadh courts investors.
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Gold demand slows: 5 tonnes stuck, import curbs bite
Five tonnes of gold and eight tonnes of silver are stuck at Indian customs after an annual import authorisation lapsed. Traders warn premiums could rise.
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Fed’s Miran pressed for 50bp cut, split with colleagues
Miran urged a 50 basis-point cut at the December 2025 FOMC meeting, calling policy clearly restrictive. Markets priced a chance of additional easing.
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Trump Accounts: double tax break could funnel billions
Donating appreciated stock to Trump Accounts could let wealthy donors avoid capital gains tax and claim full charitable deductions, redirecting billions.
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Versant stock jumps 10% as platforms and licensing shine
Versant stock jumped 10% on Q1 revenue above estimates; platform revenue rose 9.5%, licensing increased, while pay-TV still makes up over 80% of revenue.
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Kharg Island jetties empty three times; exports hit
Satellite imagery shows Kharg Island jetties empty on May 8, 9 and 11, longest idle run since Feb. 28, risking squeezes to Iran's crude export receipts.
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HSBC: Stocks Can Withstand 4.3-4.5% Yield Range
HSBC says stocks can endure U.S. 10-year yields near 4.3-4.5%. It cites consumer resilience and positioning, but warns hot U.S. core CPI threatens markets.
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Calgary property tax: homeowners face 8.9% hike
Calgary property tax will rise 8.9% in 2025; the average homeowner faces a $352 increase, split between a 3.4% municipal hike and a 17.5% education levy.
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General Atlantic secures $500M from QIA for growth push
QIA committed $500 million to General Atlantic’s growth equity strategies, pairing capital and market access to help founders enter Middle Eastern markets.
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Large options bet and oil surge push long-term U.S. yields toward 5%
A large options trade pushed long-term U.S. Treasury yields toward 5% as traders bought protection. Oil and Middle East tensions raised inflation risk.
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Argentina upgrade: Two‑notch lift opens narrow market window
Moody's raised Argentina's rating two notches to Caa1 in July 2025 after a US$20bn IMF EFF, but thin reserves and weak reforms leave market access fragile.
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Barrick Pledges $3.0B Buyback Ahead of North American IPO
Barrick authorised a $3.0B share buyback on May 11, 2026, as it prepares a North American IPO. Repurchases may be made on U.S. exchanges under SEC rules.
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Jio IPO to Issue Only New Shares, ₹25,000 crore for Debt
Reliance restructured Jio IPO into an all-new-issue of fresh shares, with about ₹25,000 crore for debt. A SEBI prospectus may be filed within weeks.
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