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The Foxconn factory located in Sriperumbudur is gearing up to roll out the latest iPhone 15 models. iPhone 15 production in India depends on the stock of imported components and the ramp-up of production lines at the Foxconn plant near Chennai. Other Apple suppliers in India, such as Pegatron and a Wistron facility soon to be acquired by the Tata Group, are also expected to join the iPhone 15 production machine.
In this episode, we tackle the timely topic of higher interest rates and their potential impact on investors' decisions. With rates soaring to unprecedented levels, many are tempted to veer off their investment paths in pursuit of short-term gains. But is this a rational choice? We break it down and offer invaluable insights into why staying the course might be the wiser option. https://rationalreminder.ca/podcast-directory
• Monday: $PARA, $PLTR. • Tuesday: $DDOG, $TWLO, $UPS, $UPST, $RIVN. • Wednesday: $DIS $RBLX, $SONY, $TTD. • Thursday: $BABA, $CYBR.
www.bnnbloomberg.ca
Plans to reduce its workforce were announced at the same time as the company revealed its second-quarter net income fell almost 61 per cent from the same period last year to $196 million. The company's net income amounted to 14 cents per share for the quarter ended June 30 compared with 34 cents per share in the same quarter a year earlier
www.apple.com
Apple today announced financial results for its fiscal 2023 third quarter ended July 1, 2023. The Company posted quarterly revenue of $81.8 billion, down 1 percent year over year, and quarterly earnings per diluted share of $1.26, up 5 percent year over year. Breakdown per cartegory: • iPhone: $39.669 billion (Down 2.4% YoY) • Mac: $6.840 billion (Down 7.3% YoY) • iPad: $5.791 billion (Down 19.8% YoY) • Wearables, home, and accessories: $8.284 billion (Up 2.5% YoY) • Services: $21.213 billion (Up 8.2% YoY)
www.cnbc.com
“There are some things people shouldn’t worry about,” he said. “This is one.” “Berkshire bought $10 billion in U.S. Treasurys last Monday. We bought $10 billion in Treasurys this Monday. And the only question for next Monday is whether we will buy $10 billion in 3-month or 6-month” T-bills, Buffett told CNBC. Buffett did note that the concerns are valid though but not enough to change his views on U.S. Treasurys and the dollar
Until July 31st, 2024 https://horizonsetfs.com/ETF/hbnk/
ca.finance.yahoo.com
The Montreal-based bank says the portfolio it will nab is made up of about $1 billion in loan commitments, of which $325 million are outstanding. Much of the portfolio is focused on the technology, life science and global fund banking sectors and will be integrated into National Bank's technology and innovation banking group.
www.wsj.com
Purchase of shares from Tiger Global values Indian e-commerce company at about $35 billion
Excluding gasoline, headline inflation would have been 4.0% in June, following a 4.4% increase in May. Canadians continued to see elevated grocery prices (+9.1%) and mortgage interest costs (+30.1%) in June, with those indexes contributing the most to the headline CPI increase. The all-items excluding food index rose 1.7% and the all-items excluding mortgage interest cost index rose 2.0%. https://www150.statcan.gc.ca/n1/daily-quotidien/230718/dq230718a-eng.htm?HPA=1
Fidelity says the agreement with Brookfield will allow it to continue to grow its alternative investment offerings and broaden its overall investment capabilities. https://www.bnnbloomberg.ca/fidelity-signs-private-real-estate-investment-deal-with-brookfield-asset-management-1.1944677
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www.bloomberg.com
The review is intended to “maximize shareholder and stakeholder value,” the bank said in a statement. It has hired JPMorgan Chase & Co. to approach potential buyers, the Globe and Mail reported Tuesday. The process started after a rival bank made a bid for the lender, the newspaper reported, citing people it didn’t name.
www.reuters.com
This is the first ever "special rebalance" carried out by the overseer of the index.
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www.ctvnews.ca
Deloitte's chief economist, Dawn Desjardins, said there have been some recent signs that the economy is taking a turn, with the latest job report for June showing the unemployment rate rising and wage growth slowing. But the overall picture suggests inflation is still sticky, wage growth is high and the economy continues to churn, she said.
www.bnnbloomberg.ca
The report says 35 per cent of those asked say they already don't make enough to cover their bills and debt payments, up from 30 per cent in April and a record high for the survey. It also says a record 48 per cent of those surveyed are concerned about their current level of debt.
Stumbled upon an excellent podcast interview featuring Evan Neufeld, CFP, and Aaron Hector, CFP, R.F.P., TEP. They delve deep into the topic of FHSA (First-Time Home Buyer Savings Account) and cover all the crucial details you need to know. From the intricate rules and eligibility criteria to contributions, deductions, and even tax efficiencies, they leave no stone unturned. They also discuss what happens if you don't buy a home, qualifying withdrawals, and the transfer of funds. Moreover, they provide a comprehensive comparison between FHSA and Home Buyers Plan, as well as insights on how it stacks up against TFSA, RRSP, and RESP. I highly recommend giving it a listen! [The Canadian Money Roadmap, Episode 77](https://www.evanneufeld.com/podcast-canadian-money-roadmap/u6v4d5ranj7yte10r4v56w6m0mwbds)
www.bnnbloomberg.ca
The country added 60,000 jobs, driven by gains in full-time work, while the unemployment rate rose to 5.4 per cent, the highest since February 2022, Statistics Canada reported Friday in Ottawa. The figures beat expectations for a gain of 20,000 positions, but missed the forecast for a jobless rate of 5.2 per cent, according to the median estimate in a Bloomberg survey.