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Qatar World Cup: How much prize money is at stake?

From the teams that exit at the group stage to the one that wins it all, this is how FIFA allocates the World Cup prize money.

9:27 a.m. Dec. 3, 2022
United Steelworkers ratify contract covering 300 American Airlines employees in Toronto, Montreal

Members of the United Steelworkers union have approved a new collective agreement with American Airlines Group Inc. in Canada for nearly 300 members, according to a statement from the union. The new two-year agreement for USW Local 1976 union members in Toronto and Montreal who work as gate and ticket agents, ramp agents and baggage handlers includes wage increases of about 12% over a 24-month period, as well as increases to employer pension contributions, a signing bonus and improvements to benefits. "There is a crisis of employee retention in the airline sector," said USW national director for Canada Marty Warren. "This agreement goes a long way to reward current workers for their efforts in difficult times, but to also makes improvements that we hope will allow for the better retaining and hiring of new, qualified employees." Shares of American Airlines are up 0.3% in premarket trades.

8:34 a.m. Nov. 30, 2022
Cannabis investment firm RIV Capital posts loss with impairment on Etain acquisition

RIV Capital Inc. on Tuesday reported a second-quarter loss of $141.9 million, or 84 cents a share, from a loss of $7.79 million, or a penny a share, in the year-ago quarter. Revenue increased to just under $2 million from zero revenue in the year-ago period. The latest quarter included a non-cash, goodwill impairment charge of $138.9 million related to its acquisition of New York-based cannabis company Etain, which it expects to close before the end of the year. RIV Capital, which was formerly called Canopy Rivers when it was part of Canopy Growth Corp. , ended the quarter with $165 million in cash for its Etain investment and other potential M&A deals. Scotts Miracle-Gro Co. -backed RIV Capital Inc. in March agreed to pay about $247 million to acquire Etain LLC and Etain IP LLC, the New York cannabis market's only women-owned and operated business and one of 10 approved vertically integrated operators in the state. OTC shares of RIV Capital are down 81% in 2022, compared to a loss of 56.8% by the AdvisorShares Pure U.S. Cannabis ETF and a 29.4% drop by the Nasdaq .

9:02 a.m. Nov. 29, 2022
HSBC sells Canada unit to RBC in megabank deal

Royal Bank of Canada agrees to acquire 130-branch HSBC Canada for C$13.5 billion ($10.1 billion) in the latest big bank deal

8:26 a.m. Nov. 29, 2022
Royal Bank of Canada to acquire HSBC Canada for C$13.5 billion in cash

Royal Bank of Canada said Tuesday it has reached an agreement to acquire HSBC Canada for C$13.5 billion ($10.1 billion) in cash. "This acquisition builds on our core domestic retail business and expands our international product capabilities," said Neil McLaughlin, Group Head, Personal & Commercial Banking, RBC. The deal is expected to close by late 2023 and to add a bank with $134 billion in assets as of Sept 30, about 130 branches and 4,200 full-time employees. The price offers a 9.4 times multiple of HSBC Canada's estimated 2024 adjusted earnings of $1.4 billion assuming fully realized expense synergies, RBC said in a statement. The deal is expected to boost EPS by 6% based on 2024 consensus estimates. RBC expects about $740 million in annual pretax cost synergies and to incur total acquisition and integration costs of about $1 billion. Shares were not yet active premarket but are down 7% in the year to date, while the S&P 500 has fallen 17%.

7:04 a.m. Nov. 29, 2022
12/6/2022 4:00pm
Royal Bank of Canada
/zigman2/quotes/200638870/delayed
132.28
-1.40 -1.05%
12/6/2022 4:00pm
Suncor Energy Inc.
/zigman2/quotes/204570600/delayed
40.93
-1.30 -3.08%
12/6/2022 4:19pm
Barrick Gold Corp.
/zigman2/quotes/209252292/delayed
22.47
-0.01 -0.04%
12/6/2022 4:00pm
Bank of Montreal
/zigman2/quotes/203180563/delayed
129.11
-3.90 -2.93%
12/6/2022 3:58pm
Augusta Gold Corp.
/zigman2/quotes/225792379/delayed
1.97
+0.03 +1.55%
12/6/2022 4:00pm
Canadian Imperial Bank of Commerce
/zigman2/quotes/206423838/delayed
58.87
+0.05 +0.09%
12/6/2022 4:00pm
Bombardier Inc. Cl B
/zigman2/quotes/208994866/delayed
50.84
-0.93 -1.80%

Sectors

U.S. oil futures end at lowest price of the year as worries about more Fed hikes rattle market

Oil tallies a third consecutive loss on Tuesday, as worries about more aggressive monetary tightening by the Federal Reserve rippled across markets.

3:08 p.m. Dec. 6, 2022
These stocks should do even better than the S&P 500 once the Fed pivots to lower interest rates

Fed easing could weaken the U.S. dollar, which favors both non-U.S. markets and dollar-based investors.

2:23 p.m. Dec. 6, 2022
Gold prices score a partial rebound, but hold below key $1,800 level

Gold futures score a partial rebound Tuesday, after the metal's losses in the previous two sessions.

2:08 p.m. Dec. 6, 2022
China’s economic outlook has ‘darkened noticeably,’ IMF’s Gopinath says

The economic outlook for China is darker than had been expected, said Gita Gopinath, the No. 2 official at the International Monetary Fund on Tuesday.

10:55 a.m. Dec. 6, 2022
Brent futures settle at lowest since January with focus on Fed pace of rate hikes after ISM data

Oil futures end lower on Monday, with global Brent prices posting their lowest settlement since January.

3:47 p.m. Dec. 5, 2022
Global Dow /zigman2/quotes/210599024/realtime 3,717.69 -43.96 -1.17%
Gold /zigman2/quotes/210034565/delayed 1,783.80 +1.40 +0.08%
Brent crude /zigman2/quotes/209704782/delayed 79.55 +0.20 +0.25%
Natural gas /zigman2/quotes/210189548/delayed 5.57 +0.10 +1.79%

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