Finance

Meta forecasts higher AI spending and weaker revenue

By Katie Paul and Yuvraj Malik (Reuters) - Meta Platforms disappointed investors on Wednesday with forecasts of higher expenses and lighter than expected revenue, sending its shares tumbling as it races to catch up in AI. Shares of the Facebook and Instagram parent dropped about 13% in extended trade following the report, evaporating $160 billion worth of stock market value. Alphabet shares fell

Here’s the Average Retirement Income for Canadians: How Do You Rate?

If you're worried about how much you'll earn in retirement, increase your income by investing in an ETF like this one. The post Here’s the Average Retirement Income for Canadians: How Do You Rate? appeared first on The Motley Fool Canada.

Annual home prices predicted to rise nearly 10% by end of year: Royal LePage

A realty firm is making a grim prediction about home prices in Canada, forecasting a big jump by the end of the year. Global's Nathaniel Dove explores why prices might go up.

How Much Cash Do You Need to Stop Work and Live Off Dividends?

Want to retire early? Here's how much cash you might need to quit work and live off your investment income. The post How Much Cash Do You Need to Stop Work and Live Off Dividends? appeared first on The Motley Fool Canada.

Meet a 31-year old who makes $185K/month at 90% margin - the story of @CharlieChang

Meet Charlie Chang, who has been filming videos since he was 10 years old, and now he's building a business on YouTube with $185K/month in revenue at 90% margin. Charlie’s company that helps with hiring abroad - https://www.paired.so/marina In this video: 00:00 - Meet Charlie Chang 01:23 - How Charlie makes money on YouTube? 04:48 - Top 3 niches to make money on affiliate marketing 06:65 - Charlie's income sources 09:06 - How to hire people overseas and save money 11:32 - How he comes up with ideas and what is the thinking process? 14:12 - Different approaches to YouTube - which one is the best? 16:17 - "If I keep going, at some point it's gonna do well" 18:51 - How Charlie films his videos 21:42 - Why do A-list artists record 90 songs a month? 22:48 - How YouTubers work with brands? 23:41 - "Every business owner should have a media business behind the company" Top credit cards for free flights, hotels, and cash-back - https://www.cardonomics.com/i/marina 💰 INVESTMENT APPS & BOOKS: - Webull - https://a.webull.com/Tfjov8wp37ijU849f8 - Robinhood - https://join.robinhood.com/marinam241 - Interactive Brokers - https://ibkr.com/referral/marina592 ⭐ Download my English language workbook - https://bit.ly/3hH7xFm I use affiliate links whenever possible (if you purchase items listed above using my affiliate links, I will get a bonus) #marinamogilko #siliconvalleygirl #charliechang

CPP Enhancement: How to Make the Most of the Increased Retirement Income

Analyzing CPP enhancement through the lens of the rising cost of living can give you a more realistic idea of its impact on your lifestyle as a retiree. The post CPP Enhancement: How to Make the Most of the Increased Retirement Income appeared first on The Motley Fool Canada.

European Commission allocates another €1.5 billion to Ukraine

The European Commission has allocated the second installment of exceptional bridge financing to Ukraine under the mechanism for Ukraine, amounting to €1.5 billion, reports the press center of the European Commission. The disbursement follows the European Commission's positive assessment of the agreed political conditions related to reforms in the j...

Advice for Students Navigating the Job Market

Navigating the job market can be daunting and is often even harder for young people. Wincy Li from Toronto Metropolitan University joins Candace Daniel with some advice for students trying to find employment.

Average US annual salary by age revealed – see how you compare

Top 6 US industries where you can earn the most money

Airlines will now be required to give automatic cash refunds for canceled and delayed flights

The Biden administration issued final rules Wednesday to require airlines to automatically issue cash refunds for things like delayed flights and to better disclose fees for baggage or canceling a reservation. The Transportation Department said airlines will be required to provide automatic cash refunds within a few days for canceled flights and “s...

Oil prices slip as U.S. business activity cools, concerns over Middle East ease

By Nicole Jao NEW YORK (Reuters) -Oil prices fell around 1% on Wednesday as worries over conflict in the Middle East eased and business activity in the world's largest oil consumer slowed, however, a fall in U.S. crude oil inventories put a floor on those losses. Brent crude futures were down 73 cents, or 0.83%, to $87.69 a barrel by 1:30 p.m. EDT (1730 GMT), while U.S. West Texas Intermediate

Business Report: Taylor Swift breaks more records

Taylor Swift's new album continues to break records. Plus, a major automaker picks Ontario for electric vehicle production, and investors gear up for a big week on the markets. Business Editor Kris McCusker explains.

Eight ways 365,000 people are being underpaid, according to a money expert

Manhattan prosecutors reveal election crime driving Trump’s hush money case

Manhattan prosecutors reveal election crime driving Trump’s hush money case - The former president faces felony charges based on misdemeanour crimes. The DA’s office is beginning to show what elevates the hush money scheme to an election interference plot

Billionaire Igor Makarov wants off Canada's Russia sanctions list

Shortly after Russia's full-scale invasion of Ukraine in 2022, Canada issued a slew of sanctions, freezing the assets of alleged Russian oligarchs. Nine people have since been removed from the list, and billionaire Igor Makarov is also trying to get dropped. But as Jeff Semple reports, Makarov's plan may have backfired.

TFSA Traps: Common Mistakes That Can Cost You Thousands

TFSA users are advised to avoid common mistakes and not pay unnecessary and costly tax penalties. The post TFSA Traps: Common Mistakes That Can Cost You Thousands appeared first on The Motley Fool Canada.

GM CEO Barra compensation fell 4% in 2023 to $27.8 million

By David Shepardson (Reuters) - General Motors CEO Mary Barra's total compensation in 2023 fell 4% to $27.8 million, the largest U.S. automaker said Wednesday. The Detroit automaker also said GM President Mark Reuss' total compensation in 2023 rose to just under $18 million, up from $14.3 million, while Chief Financial Officer Paul Jacobson's compensation rose to $11.1 million last year, up from

Study reveals how much Americans really spend on tipping each year

Senate finally passes aid bills worth billions to Ukraine, Israel and Taiwan after months of delay

Senate finally passes aid bills worth billions to Ukraine, Israel and Taiwan after months of delay - The Senate passed the bill 79-18 after months of opposition from isolationist Republicans

Pentagon set to send $1 billion in new military aid to Ukraine once Biden signs bill

WASHINGTON (AP) — The Pentagon is poised to send $1 billion in new military aid to Ukraine, U.S. officials said Tuesday as the Senate moved ahead on long-awaited legislation to fund the weapons Kyiv desperately needs to stall gains being made by Russian forces in the war. The decision comes after months of frustration, as bitterly divided members o...

UK’s £75 billion defence boost in face of threats from Russia and China

How to Build a Bulletproof Monthly Passive-Income Portfolio With Just $20,000

Income-seeking Canadian investors can consider holding shares of REIT such as Dream Industrial to create a passive-income stream. The post How to Build a Bulletproof Monthly Passive-Income Portfolio With Just $20,000 appeared first on The Motley Fool Canada.

Tesla expects to book over $350 million in costs for layoffs

(Reuters) -Tesla expects to book more than $350 million in costs in the second quarter for the mass layoffs it began last week, the automaker disclosed in a regulatory filing on Wednesday. The electric vehicle maker also reiterated that it expects capital expenditure to exceed $10 billion in 2024 and to be between $8 billion to $10 billion in each of the following years. The filing follows

Liz Weston: How to reduce your ‘widow’s penalty’

After a spouse dies, the survivor often ends up paying higher taxes on less income — something known by accountants and financial planners as the “widow’s penalty,” because women typically outlive their husbands. Couples who know what’s coming often can take steps to soften the penalty’s effect, but too many don’t think far enough ahead, says Barba...

Hackers steal $35k from George Conway’s anti-Trump Super PAC Lincoln Project

Hackers steal $35k from George Conway’s anti-Trump Super PAC Lincoln Project - ‘Since it was the vendor that was hacked, we are letting them and our bank’s fraud department lead any investigation,’ the group’s spokesperson said

Health Matters: Canadian government adds $36M to vaccine compensation fund

The Canadian federal government is putting another $36 million toward a program to compensate people who were seriously injured or killed by vaccines. The new funding was announced as part of the federal budget tabled in the House of Commons last week. Katherine Ward has this story and more in Health Matters for April 24, 2024.

Ukraine war latest: Biden signs $61 billion aid bill for Ukraine; US began secretly providing ATACMS in March

Key developments on April 24: ・Biden signs $61 billion aid bill for Ukraine ・Pentagon ready to send $1 billion in weapons to Kyiv ・State Department confirms US began secretly providing Ukraine long-range ATACMS in March ・Sources: SBU drone attack destroys 26,000 cubic meters of Russian fuel in Smolensk Oblast ・Ombudsman: Children in occupied Ukrain...

Millennials, Gen Z, need government help ‘now more than ever’: treasury board president

Canada's Treasury Board President Anita Anand joins CBC chief political correspondent Rosemary Barton to talk about the federal budget and its focus on young Canadians — as well as the criticism it's receiving.

Average net worth of Americans by age — see how you compare

What's cheaper, EV or gas? This scholar crunched the numbers

Where you live and how much you drive each day matters when it comes to the cost-effectiveness of an electric vehicle, compared to gas. to A new UBC study crunches the numbers.

Psychologist explained how to maintain passion in long-term relationships

At the beginning of a relationship, there is a passionate stage for every couple when you simply can't get enough of each other. However, with time, this fades, and many couples encounter a loss of interest. What can help maintain passion in relationships, according to psychologist Dmytro Ostapenko. How to keep passion alive in long-term relationsh...

Trudeau says Sask. families to get full rebate, even without paying carbon tax on home heating

Prime Minister Justin Trudeau told reporters in Saskatoon on Tuesday that Saskatchewan families would receive "unaffected" carbon tax rebates "despite the fact the Premier is not sending that money to Ottawa right now." The provincial government stopped collecting the carbon tax on home heating from residents after the federal government gave an exemption on home heating oil that largely helped Atlantic Canada.

‘Trying not to die’: Tourism operators face heavy debt, even as business roars back

Maureen Gordon has weathered hard times before. She and her husband began running ecotourism outfit Maple Leaf Adventures out of Vancouver about a month before the 9/11 terrorist attacks devastated international travel in 2001. The rebound was relatively quick. Fallout from COVID-19 has proven much more prolonged. “The pandemic of course was incred...

Money Plant Indoor Table Decoration Ideas for Cleaning Indoor Air | Money plant Ideas//GREEN PLANTS

Money Plant Indoor Table Decoration Ideas for Cleaning Indoor Air | Money plant Ideas//GREEN PLANTS Money plant growing ideas and easy method to grow bunch of money plants using growing stick for indoor garden or outdoor. This video shows easier way to display plants table decoration and how to grow money plants at home and potting these long vine pothos from cuttings. Growing money plant at home Feng Shui believe brings positive energy and cleaning air and negativity in every home. #greenplants #moneyplant #moneyplantdecoration #indoorplants #gardeningideas

Manifesting Money Wasn’t Working For Me, So I Successfully Turned To Loud Budgeting

Like many of my past relationships, my relationship with money is fraught, complicated, and a huge, bright red flag. And yet, I care about money so much. Still, as a millennial, having had to navigate a recession at every pivotal point of my adult life, money has never appeared to care about me. “It’s because you have a scarcity mindset,” a friend said to me over expensive wine I said I couldn’t afford. “The reason you’re bad with money is that...

The Dividend Dream: 23% Returns to Fuel Your Income Dreams

If you want growth and dividend income, consider this dividend stock that continues to rise higher after October lows. The post The Dividend Dream: 23% Returns to Fuel Your Income Dreams appeared first on The Motley Fool Canada.

Japan's yen slumps, hits 155 per dollar; US currency regains footing

By Samuel Indyk and Gertrude Chavez-Dreyfuss LONDON/NEW YORK (Reuters) - The yen dropped against the U.S. dollar on Wednesday to its weakest since mid-1990, with markets alert to any signs of intervention from Japanese authorities to prop up their currency. As the yen slid, the greenback edged higher, recovering against most currencies from falls caused by Tuesday's data showing U.S. business

Ontario government faces lawsuit over cancellation of basic income pilot

Members of a class action lawsuit against the Form government for its cancellation of the Ontario basic income pilot are seeking $200M in damages. Jaden Lee-Lincoln explains.

Practical tips for renewing your mortgage in 2024

Personal finance adviser Rubina Ahmed-Haq shares some tips about how to handle renewing a mortgage at a higher rate.

25 Women Share Exactly How Much Is Sitting In Their Savings Accounts

If salaries are a taboo topic, then savings are completely off limits. Which is fair: the only thing more awkward than randomly asking a friend how much they have saved is bringing up your own saving efforts. It either reads as a brag, derails the conversation as someone emphatically acknowledges their privilege, or makes people feel anything from sheepish to outright ashamed. All of this means that savings are shrouded in mystery. We wondered...

Biggest mistakes that could tarnish, or even tank, your credit rating

Before reaching financial milestones such as a car, home, or savings account, a credit rating might be the only thing young people own. “Credit is a highly valuable asset,” says Ed Rempel, a fee-for-service financial planner, tax accountant and author of the blog Unconventional Wisdom. “In fact, it is your main asset until you can build up other in...

Moving jobs this often helps you climb the career ladder and earn more money

The five decor mistakes that are making your home look cheap

Have you got any of these in your home?

Business Matters: Metro profit fell in Q2, but food sales edge higher

Montreal-based grocer Metro says shoppers are still searching for more affordable options at the grocery store even though food inflation eased. Anne Gaviola has more on Metro’s second-quarter earnings in Business Matters for Wednesday, April 24, 2024.

Ikea Canada cut prices on 800 items this month. Which ones?

Ikea Canada says it has lowered its prices for hundreds of items this past month as part of the company’s continuing push to make home furnishing more affordable.

How to Earn $14,000 Per Year in Tax-Free Income and Maximize Your CPP Payout

The difference between the maximum and average CPP payout is $1,094/month. To collect the maximum CPP, you need an alternate source of income. The post How to Earn $14,000 Per Year in Tax-Free Income and Maximize Your CPP Payout appeared first on The Motley Fool Canada.

What's the most expensive home you could afford?

Use this tool to calculate the most expensive home you could buy based on your income and passing the mortgage “stress test."

Why few bank fraud complaints lead to compensation

Sarah Bradley, the ombudsman and CEO at Ombudsman for Banking Services and Investments, responds to a report that found only a quarter of banking complaints resulted in monetary compensation in 2023.

Premiers lash out at Trudeau over budget

This week’s federal budget has premiers lashing out at Prime Minister Justin Trudeau over a planned increase to capital gains taxes as well as what they say is overstepping on infrastructure and pharmacare.