Finance

JPMorgan to provide up to $1,000 to staff making under $80,000 a year, memo shows

Dec 10 (Reuters) - JPMorgan Chase will give a special award of up to $1,000 to employees earning less than $80,000 a year globally, according to an internal memo seen by Reuters on Wednesday. Employees must have at least one year of service as of December 31, 2025 to be eligible for the award, which will be paid in early 2026, CEO Jamie Dimon said in the memo. The payment will be a 401(k)

Hedge funds double down using near-record leverage in quest to boost returns

By Anirban Sen and Nell Mackenzie NEW YORK, Dec 3 (Reuters) - Hedge funds are using near-record levels of leverage to trade equities and betting on debt-backed strategies in efforts to juice returns, making the most of markets buoyed by a boom in artificial intelligence. Over the past few years, debt-fueled strategies have surged as funds have become larger and more complex. That trend is

Perfect Christmas gift ideas (that aren't money) for the one person in your life who's obsessed with money

Discover 25 fun, clever, and practical Christmas gift ideas for the money-obsessed person in your life. From luxury budget planners to stock-market décor and finance-themed gadgets, this engaging guide highlights the perfect non-cash gifts that personal finance lovers will truly appreciate. Perfect for holiday shoppers looking for unique presents with a financial twist.

Iranians seek portable wealth as hedge against falling currency after war with Israel

When it comes to financial security for Iran’s jittery public after the 12-day war with Israel, all that glitters is gold — and for many, it remains the most trusted hedge against inflation, sanctions and a weakening rial currency. (AP Video by Saeed Sarmadi)

TSX ticks up as mining gains outweigh tech selloff

By Avinash P Dec 11 (Reuters) - Canada's main stock index ticked higher on Thursday, as gains in mining shares outweighed a tech selloff sparked by renewed fears about lofty valuations. Toronto's benchmark index hit a new intraday record high, and was up 0.3% at 31,545.96 points by 10:10 a.m. ET (1510 GMT). Gold and mining sub-indexes rose almost 2% each, with both silver and copper prices

Which major world currencies are hardest to fake?

Find out which countries have the most and least counterfeited currencies, and the measures banks take to stop fake cash entering circulation.

BMO reports $2.3 billion profit, raises dividend as US business improves

TORONTO — BMO Financial Group raised its dividend as it reported a profit of $2.3 billion in the fourth quarter, boosted in part by a reduction in provisions for bad loans as it works to adjust its U.S. banking operations.

US equity funds draw first weekly inflow in three weeks ahead of Fed easing

Dec 12 (Reuters) - U.S. investors bought equity funds for the first time in three weeks in the week through December 10 in anticipation of a policy rate cut by the Federal Reserve on Wednesday. They purchased a net $3.3 billion worth of U.S. equity funds during the week, closely reversing a net $3.52 billion outflow the prior week, LSEG Lipper data showed. Investors, however, remained concerned

JPMorgan expects higher than expected 2026 expenses

Dec 9 (Reuters) - JPMorgan Chase expects expenses to climb to about $105 billion in 2026, driven largely by growth and volume related costs, consumer and community banking chief Marianne Lake said on Tuesday. Speaking at the Goldman Sachs Financial Services Conference in New York, Lake said strategic investments would be the second-biggest contributor to higher expenses, with the consumer and

Kalshi's valuation doubles on strong interest in prediction markets platforms

By Pritam Biswas Dec 2 (Reuters) - Kalshi said on Tuesday it had raised $1 billion in a financing round, more than doubling its valuation at $11 billion in about two months, as interest in prediction market platforms mounts. The platforms allow users worldwide to trade binary contracts on outcomes in politics, sports, economics and entertainment. The model has drawn strong backing for its

How to get a free £200 in time for Christmas by switching bank account

Two banks are offering current account switching deals which would see a cash bonus land before Christmas.

Utah reportedly enters landmark private equity agreement raising half a billion dollars

The Utes make history in the new era.

Here's the number of Canadians who reach $1 million by retirement — and 3 steps to help you get there. Are you close?

The keys to get into the seven-figure club

7 things you might be wasting your money on – and 4 you should pay more for

Why now is the best time to lock in cash ISAs and savings account rates

Experts warn savers the most attractive deals on the market are unlikely to stay there for long

Here’s the average RRSP balance in Canada by age 40

Here's what middle-aged folks in Canada currently have stashed away in their RRSP on average. The post Here’s the Average RRSP Balance in Canada by Age 40 appeared first on The Motley Fool Canada.

SpaceX plans to go public with $1.5 trillion valuation, reports say

SpaceX plans to go public with $1.5 trillion valuation, reports say - Elon Musk’s company is planning to use funds from the IPO to develop space-based data centres

Retirees: 2 dividend stocks to make retirement easier

Turn retirement savings into a steady paycheque with two TSX dividend plays built on contracted power and iron-ore royalties. The post Retirees: 2 Dividend Stocks to Make Retirement Easier appeared first on The Motley Fool Canada.

This shopping habit could cause young people to seek happiness in spending. Here’s how you can teach your child financial literacy

Demystifying the scary world of financial literacy

National Bank of Canada's fourth-quarter profit rises on strong wealth management business

Dec 3 (Reuters) - National Bank of Canada reported a rise in fourth-quarter profit on Wednesday, helped by a robust performance in its wealth management segments. The Canadian lender posted an adjusted profit of C$1.16 billion ($831.90 million), or C$2.82 per share, in the three months ended October 31, compared with C$928 million, or C$2.58 per share, last year. ($1 = 1.3944 Canadian dollars)

Gold isn’t like oil, it’s like real estate: Goldman Sachs on what Canadians should know about this asset

“Gold doesn’t get used — it changes hands and gets repriced.”

1.29 billion Debts for Manchester United !

Manchester United’s finances are sinking into the red. According to the latest results published by...

How moving £340 from Christmas spending could boost pension pot by £81,000

Gold keeps roaring higher… here’s 1 quality gold stock to buy

Barrick Gold (TSX:ABX) is Canada's best large cap gold miner. The post Gold Keeps Roaring Higher… Here’s 1 Quality Gold Stock to Buy appeared first on The Motley Fool Canada.

Do you need a 6-figure income to retire early? No — here are 5 money-growing moves for the under-$100K set

You can still retire early — if you’re disciplined.

How this app simplifies investing and stock analysis

This article was created by StackCommerce. Postmedia may earn an affiliate commission from purchases made through our links on this page.

Could this undervalued Canadian stock be your ticket to millionaire status?

Valued at a market cap of $600 million, Aduro is a small-cap Canadian stock that offers massive upside potential in 2025. The post Could This Undervalued Canadian Stock Be Your Ticket to Millionaire Status appeared first on The Motley Fool Canada.

Here are 5 clear indicators you’re financially further ahead of the average Canadian. Are you richer than you think?

Most adults carry some form of debt.

Italy’s banking clash: MPS, Mediobanca, and their billionaire backers

Although the EU is pushing for greater banking consolidation in Europe, the reality in Italy is proving complicated. View on euronews

EU Commission aims to make Europe's financial markets more attractive

The European Commission plans to fundamentally streamline and modernize the complex financial market rules for European Union countries. The planned reforms aim to improve the competitiveness of the EU's financial markets by harmonizing regulations for trading venues and streamlining supervisory processes. This includes plans to transfer supervisor...

7 money languages and what they say about love

Do you have a scarcity mindset, or are you protecting your privacy?

Market open: Empire profit slips, Oracle stock plunges | Dec 11

Markets opened mixed this morning as Canadian equities advanced while U.S. benchmarks showed weakness. The TSX is modestly higher, supported by strength in resources, while the Venture surged more than 5% on small-cap momentum. In the U.S., the Dow is flat and the Nasdaq is lower as tech stocks weigh on sentiment. London’s FTSE is slightly higher a...

A tiny elite controls the lion's share of global wealth and power, says report

FILE - Dollar bills. 3 April 2019.

What the Federal Reserve rate cut means for you

NEW YORK (AP) — The Federal Reserve cut its benchmark interest rate by a quarter point Wednesday for the third time since September, bringing its key rate to about 3.6%, the lowest in nearly three years. Before September, it had gone nine months without a cut.

Powerball rockets to $1bn for tonight but don't celebrate until you see the fine print

It's now been 37 straight drawings without a grand prize winner since the jackpot was last hit on September 6.

Invest $10,000 in this dividend stock for $580 in passive income

There’s no shortage of passive-income investments on the market. Here’s one that can provide $580 in annual dividends. The post Invest $10,000 in This Dividend Stock for $580 in Passive Income appeared first on The Motley Fool Canada.

Ukraine's central bank holds rate steady despite falling inflation

The National Bank of Ukraine voted to keep its benchmark interest rate unchanged at 15.5%, amid steep uncertainty over the country's financing next year. Inflation slowed to 9.3% in November, continuing its downward trend since a peak of 15.9% in May 2025. That would usually lay the foundations for a rate cut — but Ukraine's central bank is being c...

This is the age you should start teaching your kids about money

Here's something that might surprise you: you should start teaching your kids about money around age three. Yes, three. Not when they're begging for the latest gaming console at ten, or when they're filling out college applications at seventeen. By age three, children can already grasp basic concepts like waiting, choosing, and the idea that things cost money. Money habits form early, which means if you're waiting until your kid can do long...

US dollar advances after recent fall; sterling dips after GDP data

By Gertrude Chavez-Dreyfuss NEW YORK, Dec 12 (Reuters) - The U.S. dollar rose against major currencies on Friday after falling in recent sessions, but was still on track for its third straight weekly drop amid the prospect of interest rate cuts by the Federal Reserve next year. Sterling also eased after data showed the UK economy unexpectedly shrank in the three months to October. The euro was

How I manage my Christmas budget: Millionaire spending £15,000 on gifts

Rising mortgage costs put Canadian homeowners at risk

Millions of Canadians face higher mortgage payments in 2025 and 2026. Learn how to prepare and protect your finances before renewal

BC to provide financial support for landowners affected by Cowichan decision

B.C. Premier David Eby says his government is working on a plan to underwrite mortgages and loans for property owners and businesses in Richmond impacted by the Cowichan Tribes land claim decision. As Katie DeRosa reports, it’s the first time the government has promised direct assistance to residents worried about how the decision impacts their private property.

The 21 celebrity billionaires, ranked by riches

From iconic actors to legendary musicians, meet the world's billionaire celebrities.

Ranking the world's richest people

The combined net worth of the top ten individuals totals £1.829 trillion.

What are Europeans giving up for their mortgage payments?

Many Europeans are taking on hefty mortgages to cover housing costs. For some, such loans require cutting back on daily purchases — but what gets trimmed first? View on euronews

Business matters: Dollarama raises sales forecast as consumers opt for cheaper alternatives

Dollarama posted a 22 per cent rise in sales during its third quarter and the discount retailer raised its annual sales forecast as consumers seek more affordable shopping options. Anne Gaviola has this story and more in Business Matters for Dec. 11, 2025.

22 money saving tips that truly work for Canadians

Feeling the pinch before payday? Find out how to make your money go further (and stop yourself going broke) with our list of 22 helpful saving tips that you and your bank account will love...

The exact steps Marvel took to reach billions

From its early comic book days to the MCU, here's how Marvel built a multibillion-dollar business empire.

Jamie Sarkonak: DEI funding exploded under Trudeau so much it can't even be counted

In 2023, the Treasury Board of Canada’s program spending on diversity, equity and inclusion was roughly 100 times what it was in 2016. Public Safety Canada’s was about 40 times higher. The federal Crown prosecution service spent 20 times more.

Bank of Canada holds key interest rate at 2.25%

The CBC’s Nisha Patel shares more on the Bank of Canada’s interest rate decision, what the next year could look like for Canadians and the unemployment rate as the year comes to a close.