Author: News Room

By Promit Mukherjee OTTAWA (Reuters) – Canada’s federal budget, due next month, is likely to allocate billions of dollars for investing in building homes and low cost housing programs, Housing Minister Sean Fraser said on Monday. Canada faces a housing affordability crisis as a rapidly increasing immigrant population has far outpaced the number of available homes. Stubbornly high inflation and interest rates at their highest in 22 years have also driven up rent and mortgage costs. “I don’t want to necessarily preview what’s going to be revealed in the upcoming federal budget, but there needs to be very substantial investments…

Joseph R. Nerges, a significant shareholder of CSP Inc (NASDAQ:CSPI), recently acquired additional shares of the company’s stock, according to the latest filings with the Securities and Exchange Commission. The transactions, which occurred over two days, added a substantial number of shares to Nerges’ holdings, reflecting a vote of confidence in the technology services firm. The insider purchases were made at prices ranging from $38.50 to $40.50 per share, totaling an investment of over $32,000. On March 14, 2024, Nerges bought 200 shares at $40.50 each. The following day, he continued to increase his stake with purchases of 300 shares…

Trouble and turmoil continue at rental car company Hertz. The company, which announced in January it was selling 20,000 of the electric vehicles in its fleet, or about a third of the EVs it owned, is now replacing the CEO who helped build up that fleet, giving it the company’s fifth boss in just four years. The company announced that Stephen Scherr, who came to the company two years ago after nearly 30 years at Goldman Sachs, is stepping down at the end of this month. He’ll be replaced by Gil West, former chief operating officer of Delta Air Lines and General Motor’s Cruise…

Canadian Dollar finds little chart momentum as investors gear up for a busy week. Canadian CPI inflation first on the docket, expected to tick up on Tuesday. Fed Wednesday brings rate call, updated Dot Plot. The Canadian Dollar (CAD) is sifting chart paper on Monday, easing into the trading week as investors take a moment to breathe before a full-pull central bank week begins in earnest. The Federal Reserve (Fed) is expected to update its summary of interest rate forecasts, or Dot Plot, on Wednesday. American Purchasing Managers Index (PMI) figures are also due later in the week on Thursday.…

A couple of days ago, MEXC Futures, a quite popular platform for futures trading, informed the users about their approach to letting traders use less leverage on futures trading. Effective from 05:10 UTC on 18th March 2024, the platform will be implementing the dropping of the maximum leverage multiplier for specific future trading pairs. This strategic change is made to fully implement this platform’s vision to provide a secure and efficient trading environment. The trading pair for this new policy is GROKUSDT, which will change the maximum leverage from 75 to 50. The recent release of various margin limits on…

Investing can seem overly complicated, and that complexity may paralyze Americans into doing nothing.But investing — and doing so smartly — doesn’t have to be hard. In fact, getting started can be relatively easy, according to financial experts.”You don’t need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ,” Warren Buffett, chairman and CEO of Berkshire Hathaway, famously said.For many people, investing is a necessity to grow one’s savings and provide financial security in retirement. Starting early in one’s career benefits the investor due to a…

Former Republican presidential candidate Asa Hutchinson said Monday he will not endorse Donald Trump, his party’s presumptive nominee for president, nor would he vote for President Joe Biden in November. “I have not endorsed Donald Trump for president, and I will not do so,” the former Arkansas governor wrote in a USA Today op-ed. Hutchinson, who was critical of Trump on the presidential campaign trail, argued in his op-ed that the former president had “disqualified” himself on January 6, 2021, when a mob of his supporters attacked the US Capitol, and that Trump “continues to undermine our democracy by defending…

Xavi Hernandez hailed his FC Barcelona team for being “brilliant” and working “perfectly” against Atletico Madrid on Sunday, though he felt his red card dismissal was “unfair” and “unnecessary”. Barca played what many felt was their best game of the season in the Metropolitano, and went back to Catalonia with a 3-0 win that put them second place two points clear of Girona going into the international break. Post match, Xavi told DAZN Espana that he was “very happy” with his side’s showing, as several players seemed to have been given a boost following passage to the Champions League quarterfinals…

United Airlines has experienced a string of safety events, many of which involved Boeing jets.Some experts point to problems within United, while others say the timing is just a “coincidence.”In a Monday memo, company CEO Scott Kirby assured customers of the airline’s commitment to safety. From a missing panel to a tire falling off midair, United Airlines has experienced multiple high-profile safety incidents over the past few weeks.With the exception of one, a hydraulics issue on an Airbus A320, most of the mishaps have involved Boeing planes, helping fuel a PR crisis at the planemaker and further shaking flyer confidence…

By Kate Woolley2023 will go down in history as a year of important AI experimentation, but now the real excitement begins. We are seeing AI hype mature into something more substantial — where the technology is integrated into the everyday of the enterprise, streamlining business functions and automating repetitive tasks to drive business transformation.While most companies already recognize the benefits of AI, they still have valid concerns about how to address potential biases, privacy violations, and disinformation. These doubts are driving them to proceed with caution, while also seeking expert guidance on how to navigate the potential risks of AI.This…