Skip to main content

Featured

Liberal Candidate Paul Chiang Steps Down Amid Controversy

Paul Chiang, a Liberal candidate in the Markham-Unionville riding, has announced his resignation following backlash over comments he made regarding a Conservative opponent, Joe Tay. Chiang suggested that individuals could claim a bounty offered by Hong Kong authorities by turning Tay over to the Chinese consulate. This statement, made during a press conference in January, sparked widespread criticism and raised concerns about foreign interference in Canadian politics. The Royal Canadian Mounted Police (RCMP) has since launched an investigation into the matter, citing potential threats to Canada's democratic processes. Chiang issued an apology, calling his remarks a "deplorable lapse in judgment," but the controversy persisted. Conservative leader Pierre Poilievre condemned the comments, stating that they endangered Tay's safety and sent a chilling message to the community. Chiang's resignation comes as Liberal leader Mark Carney faces mounting pressure to address ...
Post a Comment
Read more

article

Labels

Wall Street Mixed as Earnings Season Kicks Off

 

According to the latest news, Wall Street is mixed as the earnings season kicks off. Futures for the S&P 500 rose less than 0.1%, while futures for the Dow Jones Industrial Average dipped close to 0. The earnings season is a period when companies release their financial reports for the previous quarter. This week, about 70 S&P 500 companies are expected to report their financial results for the last three months of 2023, including American Airlines, Intel, Procter & Gamble, and Tesla.

It is important to note that the earnings season has been mixed so far. General Electric, for example, reported better-than-expected fourth-quarter results but gave a tepid forecast for the current quarter, causing its stock to slip 3.5%. On the other hand, Verizon’s stock jumped nearly 5% in premarket trading after the telecom giant beat revenue and adjusted profit forecasts.

In addition to the earnings season, investors are also awaiting key economic data this week that could test the benchmark S&P 500’s recent bull-market run. On Thursday, the government will give its first estimate for how strongly the economy grew during the last three months of 2023. Economists believe the economy is still growing but at a slower pace than during the summer. That’s what the Federal Reserve wants to see as it continues to battle inflation. On Friday, the government will release the latest reading for the inflation gauge that the Fed prefers to use. Economists expect personal consumption expenditures held steady at 2.6% in December from a month earlier.


Labels:

Comments

Post a Comment