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GM to invest $150 million in Canadian miner, agrees supply deal

(Reuters) - Canadian miner Nouveau Monde Graphite said on Thursday it has agreed to sign a multi-year supply agreement with a unit of General Motors and would receive $150 million in equity investment from the automaker. Under the agreement, the Canadian firm would provide 18,000 tonnes per annum of refined graphite from the second phase of its Becancour plant to GM for an initial term of six


Ukraine's international reserves increased by 42% in 2023, exceeding $40.5 billion

Ukraine's international reserves grew by 42% to $40.508 billion in 2023, with a 4.4% increase reported in December, according to data from the National Bank of Ukraine (NBU). The NBU's press service said that the December surge in reserves was driven by currency inflows from international partners, surpassing the National Bank's net currency sales ...


What does the recession actually mean for your money?

Britain fell into recession at the end of 2023, the latest official figures have revealed. According to estimations from the Office for National Statistics (ONS), gross domestic product (GDP) fell by a worse-than-expected 0.3% between October and December, following a drop of 0.1% in the previous three months- marking the first time the UK has tech...


Singapore's banks profits set to peak as rates boost fades

By Yantoultra Ngui SINGAPORE (Reuters) - Singaporean banks are set to post higher profits for the fourth quarter because of higher interest rates, though growth momentum is poised to slow as big central banks pivot toward rate cuts and volatile markets weigh on their mainstay wealth business. The banks are also expected to see sharper scrutiny of their wealth management business, as a result of


What is 'money dysmorphia' and how serious is it?

Money dysmorphia is alive and well – and many unknowingly suffer from it without even knowing what it is. Social media has a big part to play when it comes to young people and their financial decisions, with some feeling influenced or pressured to live a certain lifestyle due to the world of Instagram. Well now, a study has resurfaced that suggests...


Report: Kylian Mbappe agrees to five-year deal with Real Madrid

Top French striker Kylian Mbappe has agreed to a deal with Real Madrid, BBC Sport reported on Tuesday.


Federal judge affirms MyPillow's Mike Lindell must pay $5M in election data dispute

ST. PAUL, Minn. (AP) — A federal judge on Wednesday affirmed a $5 million arbitration award against MyPillow chief executive Mike Lindell in favor of a software engineer who challenged data that Lindell said proves China interfered in the 2020 U.S. presidential election and tipped the outcome to Joe Biden. Lindell said he plans to appeal. Asked if ...


Company out $35M after scammers stage video call with deepfake CFO, coworkers

The employee was tricked into transferring $200 million Hong Kong dollars into five bank accounts after joining a video call with convincing AI fakes of their coworkers.


Deputy minister: Ukraine could receive $4 billion from frozen Russian assets in 2024

Already this year, Ukraine could receive $4 billion from Russian assets frozen by the EU and the Group of Seven (G7) countries, Deputy Justice Minister Iryna Mudra told Forbes Ukraine in an interview published on Feb. 14. The sum could go up to $15-$18 billion over the next four years, she added. Western countries and other partners immobilized aro...


As a first-time homebuyer, how much money do you really need for closing costs?

Buying a home comes down to more than just the downpayment and the mortgage costs. Here's what to know about closing fees and and rebates available to first-time homebuyers.


London music venue saved from closure after £35,000 raised in 22 hours

A music venue in south London has been saved from closing its doors after receiving £35,000 in donations in less than 24 hours, which the business co-founder said was “insane”. Keiron Marshall, 34, co-founded The Sound Lounge – a grassroots music venue specialising in live concerts and serving plant-based food – with his wife, Hannah White, 44. The...


EU to unblock €100 billion for Poland after government change - FT

Brussels is studying ways to provide over 100 billion euros in EU funding for Poland, even if the country's president vetoes Donald Tusk's judicial reform, according to the Financial Times. The European Commission froze funding during a prolonged dispute with the previous government led by the Law and Justice party (PiS). To access the funds, the g...


Qatar's money defiles the world - opinion

MIDDLE ISRAEL: The contamination of American academia is only part of the princedom’s subversive record.


StanChart unveils big buyback, profit jump as CEO bemoans 'crap' share price

By Selena Li and Lawrence White HONG KONG/LONDON (Reuters) - Standard Chartered PLC Chief Executive Bill Winters on Friday acknowledged the bank's underwhelming share price and vowed to fix it as the lender announced increased dividends, a fresh $1 billion buyback and an 18% increase in annual profit. "The share price is crap. I know that's going to be a quote," Winters told reporters on a


Morgan Stanley forced Frasers off books with $1 billion margin call, court told

By Kirstin Ridley LONDON (Reuters) - Morgan Stanley used an "unrealistic" and "inappropriate" near $1.0 billion margin call to force trades held by retail tycoon Mike Ashley's Frasers group off its books partly out of snobbery, London's High Court was told on Wednesday. The two-week trial pitches Ashley, a British businessman whose fortune is estimated by Forbes to be worth $5.2 billion, against


New York AG says she’ll seize Donald Trump’s property if he can’t pay $454 million civil fraud debt

NEW YORK (AP) — Donald Trump could be at risk of losing some of his prized properties if he can’t pay his staggering New York civil fraud penalty. With interest, he owes the state nearly $454 million — and the amount is going up $87,502 each day until he pays. New York Attorney General Letitia James told ABC News on Tuesday that she will seek to se...


Manitoba clinic owner puts up $700K of own money to bring over doctors

Dr. Shadi Rezazadeh began putting up her own money when she discovered she needed to offer more to convince doctors from the United Kingdom to work with her in Winnipeg. She wants the government to offer better assistance to address physician recruitment.


Is retirement realistic for millennials? Why they say they need to save more

BMO's annual retirement survey, released Wednesday, found Canadians ages 28 to 44 believe they will need about $2.1 million to retire, the highest among all adult generations.


TD Bank customers eligible for payout in $15.9M class-action settlement

A class-action settlement that could result in a payout from TD Bank of $16 million has been approved. The Ontario Superior Court of Justice granted the approval Thursday after a hearing this week over non-sufficient funds fees.


I was spending £400 a month on alcohol. I gave it up and saved £11,000

It only took me two years.


Sir Jim Ratcliffe boosts Manchester United's transfer budget by hundreds of millions

It's needed...


Harris announces $5.8 billion for water infrastructure projects, says clean water is a right

WASHINGTON (AP) — The Biden administration announced Tuesday that states will share $5.8 billion in federal funds for water infrastructure projects around the country, paid for by one of its key legislative victories. The new round of funding will help pay for projects nationwide, bringing the total awarded to states for water infrastructure improvements to $22 billion. The money comes from the $1 trillion bipartisan infrastructure law that...


New Year, New Money: CPP Benefits Increase in 2024

If you don't benefit from CPP enhancement, you may benefit from dividend stocks like the Toronto-Dominion Bank (TSX:TD). The post New Year, New Money: CPP Benefits Increase in 2024 appeared first on The Motley Fool Canada.


Here's where your concert ticket money goes

If you’ve tried to buy concert tickets recently, you’ve probably experienced frustration. From higher prices to tacked on “service” and “convenience” fees, you’ve probably wondered where your ticket money has actually been going. From hordes of angry Taylor Swift fans unable to buy tickets, to service fees that doubled the cost of seeing The Cure, it appears that business is casting shade over the art. Live Nation, the company that owns...


Bank of Israel warns wartime changes to 2023 budget can harm economy

The Bank of Israel's research department analyzed the proposed amendments to the 2023 budget and warned that some elements of the changes could damage Israel's economic standing.


Final £299 cost of living payments to land in bank accounts from today - are you eligible?

More than eight million households are eligible for the tax-free cash.


Biden’s $6b Iran payment sparks criticism amidst Hamas attack in US, not Israel - analysis

Meanwhile, no one in Jerusalem is talking about the $6 billion that the US freed up for Iran last month as part of a prisoner swap with the Islamic Republic.


Invest $533 Each Month to Create $588.96 in Passive Income in 2024

If you want stable passive income, don't invest every penny you have. Instead, keep it safe and stable for long-term income. The post Invest $533 Each Month to Create $588.96 in Passive Income in 2024 appeared first on The Motley Fool Canada.


Because I earn £24,500, my husband and I have no chance of being together

It’s crushing, not to be with the man you love.


A Week In Chicago Suburbs, IL, On A $115,000 Salary

Welcome to Money Diaries where we are tackling the ever-present taboo that is money. We’re asking real people how they spend their hard-earned money during a seven-day period — and we’re tracking every last dollar. Today: A CPG manager who makes $115,000 per year and spends some of her money this week on a chandelier. Occupation: Manager Industry: Consumer Packaged Goods Age: 27 Location: Chicago Suburbs, IL Salary: $115,000 Net Worth: $168,672...


'Money is there' for more medical residencies, but minister says provinces must act

Employment Minister Randy Boissonnault says the federal government has provided provinces with money that could be used to expand the number of residency slots to train more doctors. 'If you want to talk about having more spaces for more docs,' ask the premiers, he said.


2 Stocks That Could Be Easy Wealth Builders

A steady stream of passive income could be your ticket to an early retirement. The post 2 Stocks That Could Be Easy Wealth Builders appeared first on The Motley Fool Canada.


Electric vehicles: money savers, or money pit?

Chris Blay had a decision to make in September 2021. The senior network architect was a longtime Audi driver, but with his latest lease coming up, Blay became interested in the Teslas filling the roads. “Tesla released the Model 3, and it was meant to appeal to the premium mid-range market,” Blay says. “Since we had another gas car for longer distance trips, I decided we could get an electric vehicle and Tesla was my preferred car.” Switching...


Business Report: Big earnings for Tim Hortons

Profits are surging for the parent company of Tim Hortons. Plus, why markets are plummeting on both sides of the border, and a look at how much the average Canadian plans to spend on Valentine's Day. Fil Martino has the day's top business stories.


Some N.S. seniors struggling financially say they need support from friends, family to make ends meet

According to a recent report, one in 10 seniors in Nova Scotia are living in poverty. Some Cape Breton residents 65 and older say money is getting tighter each year — but they're making it work with the support of family and friends. Erin Pottie shares some of their stories.


How Trump's MAGA movement helped a 29-year-old activist become a millionaire

WASHINGTON (AP) — Charlie Kirk’s $4.75 million Spanish-style estate is tucked away in a gated Arizona country club that charges nearly a half-million dollars for a golf membership. It boasts a guest casita, a “resort-style” pool and striking views of the Sonoran Desert. The Make America Great Again political movement has been lucrative for Kirk, th...


Total cost of ArriveCan 'impossible to determine,' auditor general finds

A new auditor general report has found the final cost of the controversial ArriveCan app is 'impossible to determine' due to what it says is poor financial record-keeping.


Advance payment before reparations: Plan to transfer seized Russian assets to Ukraine

Western countries have frozen Russian state assets totaling 260 billion euros following the invasion of Ukraine. These funds could be disbursed to Ukraine in tranches as an advance payment ahead of inevitable compensation from Russia for aggression, according to the Financial Times. As outlined in the report, Washington has not publicly endorsed th...


Parents: How to Give the Gift of Cold, Hard Cash This Holiday

The best thing you can give your kid this holiday season? Cash! Use this method to make money on top of your gift. The post Parents: How to Give the Gift of Cold, Hard Cash This Holiday appeared first on The Motley Fool Canada.


L’Oréal heiress, Françoise Bettencourt Meyers, becomes first woman to have $100 bln fortune

Françoise Bettencourt Meyers, the L’Oréal heiress and entrepreneur, becomes the first woman to accumulate a wealth of $100 billion, according to a list of the richest people in the world, The Guardian and BBC report. 70-year-old Bettencourt Meyers crossed the number on the Bloomberg Billionaires Index, making her the 12th richest person in the worl...


Tory MP quits his £100,000 minister role because he couldn't afford his mortgage

The Prime Minister's official spokesman said: 'It's right that we ensure that ministerial pay reflects the wider fiscal situation.'


Kansas lawmakers are allowing a 93% pay raise for themselves to take effect next year

TOPEKA, Kan. (AP) — Kansas is set to nearly double state legislators' pay at the start of next year, making their compensation better than it is for their counterparts in a majority of states, including more populous ones like Georgia and Texas. The increase is nearly $28,000 a year for rank-and-file legislators, boosting their total compensation f...


Overspending or undercharging? These can be signs that trauma has shaped your relationship with money

Here's how your mental health can affect your finances, and vice versa


'I pay £400 a month for the mortgage on my two-bed flat in Manchester'

'I was extremely fortunate my parents helped me to get on the property ladder by giving me a deposit.'


Trump faces warning signs that his fundraising prowess may have limits in 2024 campaign

WASHINGTON (AP) — Donald Trump's legendary ability to raise massive sums of political cash may be on a collision course with a new and unpleasant reality. Campaign finance reports released this week flashed bright warning lights, showing two key committees in his political operation raised an anemic $13.8 million in January while collectively spend...


A Week In New York On A $73,000 Salary

Welcome to Money Diaries where we are tackling the ever-present taboo that is money. We’re asking real people how they spend their hard-earned money during a seven-day period — and we’re tracking every last dollar. Today: a marketing coordinator who makes $73,000 per year and spends some of her money this week on a brass candlestick holder. Occupation: Marketing coordinator Industry: Architecture Age: 26 Location: New York, NY Salary: $73,000...


What's inside the Senate's $95 billion bill to aid Ukraine and Israel and counter China

WASHINGTON (AP) — The Senate early Tuesday passed an emergency spending package that would provide military aid to Ukraine and Israel; replenish U.S. weapons systems; and provide food, water, and other humanitarian aid to civilians in Gaza. The Senate jettisoned from the package a bipartisan effort to boost immigration enforcement at the U.S.-Mexic...


2 Financial Stocks That Could Go Parabolic

Smaller bank stocks like EQB Inc (TSX:EQB) could go parabolic in 2024. The post 2 Financial Stocks That Could Go Parabolic appeared first on The Motley Fool Canada.


Ottawa wants billions more for debt, defence, Indigenous kids

The single biggest item the government needs more money for is an extra $3.2 billion to service the national debt.


7 habits of world's richest people you should consider developing

The wealthiest individuals are typically disciplined and possess many beneficial habits that have propelled them to a high level of success. These habits deserve attention and can be incorporated into one's own life, according to Pro Groshi (About Money - ed.). Taylor Swift, a billionaire and the person of the year 2023 according to Time, often sin...