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Canadian fintech adoption rate hits 50 per cent, but still trails global peers: EY

Financial Post | Geoff Zochodne | Oct 15, 2019 China and India, at 87 per cent, sported the highest rates of adoption and the United Kingdom clocked in at 71 per cent adoption Canadian consumers have greatly increased their use of financial technology, such as payment or budgeting apps, but trail their global counterparts in

5 years ago

Johnson & Johnson agrees to pay about $117 million to settle U.S. states' mesh probe

Johnson & Johnson has agreed to pay nearly $117 million to resolve allegations that it deceptively marketed transvaginal surgical mesh devices, U.S. state attorneys general said on Thursday.



5 years ago

Three big mistakes to avoid during Medicare open enrollment

While your coverage will automatically renew if you don't take action during the enrollment period, passing on the chance to make changes could cost you in 2020.

5 years ago

Blockchain Start-Up Backed By Big Banks Ushers In New Era Of Banking

Forbes | Andrea Tinianow | Oct 17, 2019 Fnality, a London-based company is banking on blockchain technology to usher in an era of digital financial markets. They are betting that the financial markets are going to tokenize. Fnality intends to be there when that happens. In fact, they intend to spur the transformation. According to

5 years ago

White House adviser says China agricultural purchases will depend partly on markets

White House economic adviser Larry Kudlow said on Thursday that China's "serious commitment" to buy $40 billion to $50 billion worth of U.S. agricultural goods as part of a phase 1 trade deal would depend in part on private companies and market conditions.



5 years ago

Surging SUV demand is canceling out the environmental benefit from electric cars

According to a new study from the International Energy Agency, SUVs now account for 40% of worldwide car sales, and it's having a big impact on carbon emissions.

5 years ago

Ray Dalio says the world is in a 'great sag' and echoes the 1930s

The hedge fund titan believes it is too late for central banks to reverse a global slowdown..

5 years ago

Bank/Fintech Partnerships: The Fad Is Over

Forbes | Ron Shevlin | Oct 14, 2019 Partnerships are Not the Future of Fintech “Bank/fintech partnerships are crucial to the future of banking” has become a widely accepted meme in the industry. In a recent study from Finextra, 81% of bank executives surveyed said that collaborating with partners was the best strategy to achieve

5 years ago

Many Americans say they're not prepared for a recession, but they're taking these steps

Despite the red flags flapping at the economy, many Americans say they're not financially prepared for a recession.

5 years ago

Czech firm PPF close to deal with AT&T on buying CME: reports

Investment group PPF, owned by the Czech Republic's richest man Petr Kellner, is close to concluding talks on buying a majority stake in Central European Media Enterprises (CME) from U.S. firm AT&T , Czech and Bulgarian media reported on Thursday.



5 years ago

Timeline: UAW wrings higher pay from GM in deal to end strike, agrees to plant closings

The United Auto Workers union wrung higher pay and other benefits from General Motors Co as part of a tentative deal to end a month-long U.S. strike by about 48,000 workers, the union disclosed on Thursday.



5 years ago

Toyota conducts final phase of recall to replace Takata airbag inflators

Toyota Motor Corp's North America unit said on Thursday it was conducting the final phase of a safety recall to replace potentially faulty Takata airbag inflators in about 928,000 vehicles.



5 years ago

Saudi Aramco delays planned IPO to allow for earnings update: sources

Saudi Aramco has delayed the planned launch of its initial public offering (IPO), as the giant oil company wants to update investors with its latest earnings before proceeding, two sources familiar with the matter said on Thursday.



5 years ago

Goldman Sachs CEO Solomon says the bank's investment in WeWork is still profitable at this time

Goldman Sachs CEO David Solomon spoke to CNBC's Wilfred Frost on Thursday.

5 years ago

U.S. stocks gain on upbeat earnings, geopolitical news

Wall Street advanced on Thursday as investor sentiment was buoyed by a string of corporate earnings beats and encouraging geopolitical developments.



5 years ago