Armani's will orders 15% stake sale to three buyers
Armani's will requires a 15% stake be sold within 12-18 months, split into three 5% parcels to be offered first to LVMH, L'Oreal and EssilorLuxottica.
·
3 min read
Finance — Page 5
Latest in Finance
Giving $10,000 to stepchildren: cash is tax-free, assets can cost
Give $10,000 in cash to stepchildren without triggering gift tax in Canada. But gifting appreciated assets can cause deemed dispositions and capital gains under the Income Tax Act.
·
3 min read
KNDS discusses 25.1% German stake ahead of IPO
KNDS has held talks on a possible 25.1% pre-IPO German stake, with owners and investors weighing sales and a listing to fund manufacturing and systems.
·
4 min read
Pokimane launches $28 cookie box, pivots from streaming
Pokimane's Myna Snacks launched Midnight Mini Cookies, selling a $28 box online. The DTC brand markets the gluten-free snack as vitamin D-fortified.
·
4 min read
Investors Pour $104B Into International Stocks; U.S. Funds Trail
Bank of America data show $104 billion flowed into international developed-market equity funds in 2026, roughly four times the $25 billion into U.S. funds.
·
4 min read
Ghana rejects Damang lease, Gold Fields faces legal claims
Ghana declined to renew Gold Fields' Damang lease, prompting legal claims and policy shifts that may affect domestic gold trading and state revenues.
·
3 min read
CoreWeave Soars 222% YTD, Tests Earnings Credibility
CoreWeave stock is up 222% YTD after a post-earnings rally, while Simply Wall St's DCF pegs intrinsic value at $204.06 and forecasts FCF recovery by 2029.
·
3 min read
Crypto Jobs Up 40% as Wall Street Hires, Exchanges Cut
TrueUp found 5,154 live crypto job postings this month, a rise of more than 40% since end-2023, as banks and asset managers hire for trading, compliance and operations while native firms restructure.
·
4 min read
Kraft Heinz Seeks €1bn in Euro Bonds to Buy Back Dollar Debt
Kraft Heinz is marketing a €1.0 billion euro bond, split into five- and eight-year tranches guided at 120-125bp and 145-150bp, with proceeds to repurchase dollar-denominated notes, Bloomberg reports.
·
3 min read
Best GIC Rates Canada 2026: 1-Year, 5-Year & Cashable
Compare GIC rates Canada 2026 for 1-year, 5-year and cashable options. Includes TFSA/RRSP tips, laddering examples and what to watch in the rate cycle.
·
13 min read
GLP-1 Market Could Reach $100B; Nestlé Launches Vital Pursuit
J.P. Morgan says the GLP-1 market could reach US$100 billion by 2030. Nestlé unveiled Vital Pursuit on May 21, 2024, a 12-item frozen meal line for GLP-1 users.
·
3 min read
Restaurant Brands Q1: $338M Profit Beats Estimates
Restaurant Brands reported $338M Q1 net income, $0.86 adjusted EPS and $2.26B revenue, beating Zacks estimates. The filing lacked brand-level detail.
·
3 min read
Canada Child Benefit 2026: Dates, Thresholds & Payments
Canada Child Benefit 2026: payment dates, maximum amounts, income phase-outs, eligibility, and how to update the CRA to avoid missed or overpaid benefits.
·
13 min read
Ford takes $19.5B hit, keeps $30,000 EV pickup plan
Ford $19.5B EV charge; the company reorganized Model e but kept a roughly $30,000 midsize electric pickup plan, with UEV due in 2027 and breakeven by 2029.
·
4 min read
Wall Street Bets on Bots as Corporate Bond Trades Hit $53bn
US corporate bond trading hit $53bn in May as disclosed RFQs topped 40%, the highest since Aug 2024. Firms are using AI to speed block-trade execution.
·
3 min read
FHSA 2026: Rules, Contribution Limits and TFSA Comparison
FHSA 2026 guide: contribution limits, eligibility, withdrawals, transfers, TFSA and RRSP comparisons, deadlines, penalties and practical saving tips.
·
13 min read
Parliament vote may delay UBS capital rules to 2028
Committees backed a motion that could push UBS capital rules into 2028, delaying about 3 billion Swiss francs of measures and prompting debate in parliament.
·
3 min read
3M documents: DOJ probes 'big four' beef packers
The DOJ reviewed over 3 million documents in a probe of the 'big four' beef packers, examining whether they restrained competition and pushed up prices.
·
2 min read
SMBC Adds 3 CLO Bankers in U.S. Expansion
SMBC hired three senior CLO bankers from JPMorgan in 2025 as it expands securitized-products in the Americas, strengthening CLO issuance and distribution.
·
3 min read
$3 trillion private credit faces investor pullback
Investors are withdrawing from the $3 trillion private credit market after asset sales and firm failures raised liquidity and underwriting concerns.
·
3 min read
Cerebras files US IPO, reports revenue of $510M
Cerebras filed for a US IPO on April 17, with $510M in revenue and a return to profit for year to Dec 31. It plans to list on Nasdaq as CBRS with banks.
·
2 min read
S&P Futures Slip 0.1% as Brent Tops $110 on Mideast Tensions
S&P futures slipped 0.1% as Brent topped $110 amid Mideast tensions, raising inflation risks ahead of central-bank decisions and megacap earnings this week.
·
2 min read
Sauna raves fuel a new nightlife revenue stream
Sauna raves turn saunas into early-evening social events in Calgary and Toronto, mixing hot sessions, cold plunges and alcohol-free DJ lounges to create new revenue streams.
·
6 min read
Ontario, B.C. now hide lottery winners' last names
Ontario and B.C. now publish lottery winners by first name and last initial to protect privacy, while briefly posting full names to confirm prizes paid.
·
5 min read
Oil Falls 14% Overnight; Diesel, Heating Oil May Ease
Oil falls 14% after a pause in US-Iran hostilities. What it means for diesel and heating oil prices, and why pump relief may be gradual. Read our analysis.
·
5 min read