Rogers Communications Inc. has gone from the top performer among Canada’s three big telecommunications companies to the sector’s biggest drag, as a wireless price war threatens its premium valuation. Canada’s telecom companies are in the midst of an aggressive race to lure customers by lowering prices, a move that threatens to squeeze profits and has unnerved investors. Rogers, the country’s bigge...
Rogers Communications Inc. has gone from the top performer among Canada’s three big telecommunications companies to the sector’s biggest drag, as a wireless price war threatens its premium valuation. Canada’s telecom companies are in the midst of an aggressive race to lure customers by lowering prices, a move that threatens to squeeze profits and has unnerved investors. Rogers, the country’s biggest wireless carrier, discloses first quarter results early Wednesday at a moment of extreme negative sentiment about the industry’s growth. The S&P/TSX Composite Communication Services index is down 10% since the beginning of March. Analysts, after watching companies ramp up consumer discounts and promotions, expect Rogers to report earnings of C$1.01 per share on an adjusted basis, up just 2% from the same period last year, according to a Bloomberg survey. Rogers shares were set up to fall as the company’s outlook softened, partly because it had outperformed its competitors by so much. The shares had surged 35% in the 12-month period ended Feb. 28, right before the stock price hit a two-year peak. Toronto-based JCIC Asset Management Inc. sold its entire Rogers position in March, souring on the stock because earning estimates for the company were falling, said Kai Lam , its chief investment officer. “I didn’t think the outlook at this point would improve either. Slower population growth in Canada is also a headwind now,” Lam said. The Canadian government has dramatically pulled back on certain categories of immigration , including foreign students. JCIC sold its Rogers stake at C$55.06 on March 9, said Lam, some 17% higher than Monday’s closing price. “Pretty lucky given how poorly Rogers has done since then,” he said. As investors cut exposure to the sector, Rogers is taking the brunt, said TD Cowen analyst Vince Valentini . Institutional investors “would simply look at their portfolio and say, ‘Well, we actually don’t own any Telus anymore and we don’t own much BCE, so I ...
Sacked civil servant says No 10 pushed Foreign Office to find diplomatic role for Matthew Doyle without informing foreign secretary Downing Street pushed the Foreign Office to find a diplomatic role for Keir Starmer’s communications chief over the head of the then foreign secretary, the former head of the department has revealed. Testifying to MPs at parliament’s foreign affairs select committee o...
Sacked civil servant says No 10 pushed Foreign Office to find diplomatic role for Matthew Doyle without informing foreign secretary Downing Street pushed the Foreign Office to find a diplomatic role for Keir Starmer’s communications chief over the head of the then foreign secretary, the former head of the department has revealed. Testifying to MPs at parliament’s foreign affairs select committee on Tuesday, Olly Robbins said he had several conversations with No 10 about finding a role for Matthew Doyle, who was later suspended as a Labour peer after it emerged he had campaigned for a friend charged with possessing indecent images of children. Continue reading...
As prophesied by more than a few analysts along the years, China's full-hearted embrace of electric vehicles has paid dividends. Starting with also-rans that required joint ventures with Western automakers, Chinese OEMs now make world-leading EVs crammed full of smartphone-like features that we're told are the best thing since sliced bread. I remain skeptical about that for now, but I don't need t...
As prophesied by more than a few analysts along the years, China's full-hearted embrace of electric vehicles has paid dividends. Starting with also-rans that required joint ventures with Western automakers, Chinese OEMs now make world-leading EVs crammed full of smartphone-like features that we're told are the best thing since sliced bread. I remain skeptical about that for now, but I don't need to be convinced about the advanced state of Chinese EV powertrain technology. For instance, earlier today, the battery giant CATL unveiled an impressive new lithium-iron phosphate battery at a tech event in China. The third-generation Shenxing battery is CATL's answer to BYD's recently announced Blade Battery 2.0, and like BYD, CATL has focused on improving a couple of big pain points. One is charging speed. Humans have long been conditioned to expect pumping an energy-dense liquid fuel into a vehicle to be quick. Batteries, meanwhile, can have non-linear charge curves depending on cell chemistry, and they behave differently at different temperatures and starting states of charge. OEMs like Hyundai and Porsche have 800 V nickel manganese cobalt battery packs that can charge from 10 to 80 percent in as little as 18 minutes. But according to a report in CarNewsChina , CATL's Shenxing 3.0 is nearly five times faster. Read full article Comments
Stephen Daldry’s 2002 film, which secured Kidman an Oscar for her depiction of Virginia Woolf, is a groundbreaking depiction of queer sexuality across the 20th century Michael Cunningham’s Pulitzer prize-winning book The Hours – inspired by Virginia Woolf’s seminal 1925 novel, Mrs Dalloway – imagines one day in the lives of three women separated across time periods. The triptych follows Woolf in t...
Stephen Daldry’s 2002 film, which secured Kidman an Oscar for her depiction of Virginia Woolf, is a groundbreaking depiction of queer sexuality across the 20th century Michael Cunningham’s Pulitzer prize-winning book The Hours – inspired by Virginia Woolf’s seminal 1925 novel, Mrs Dalloway – imagines one day in the lives of three women separated across time periods. The triptych follows Woolf in the throes of writing Mrs Dalloway; Laura Brown, a depressed housewife who is reading Woolf’s novel in postwar America; and Clarissa Vaughan, a New Yorker who acts as a contemporary embodiment of Woolf’s titular character. Cunningham’s 1998 text, though widely acclaimed, was initially deemed unadaptable due to its nonlinear structure and stream-of-consciousness approach that paid homage to Woolf’s pioneering style. However, since its publication, The Hours (which takes its name from Mrs Dalloway’s working title), has been reinterpreted as an opera and, most notably, a 2002 film directed by Stephen Daldry. Continue reading...
Invoking a night imp might be ludicrous, but the superstitious and the sacred are often the same thing Sharing the load is a column about parenting children of all ages I held my daughter up to better see the passing parade. She was still small enough to lift high with my hands and I watched her reaction from below, her joy, growing in the morning light. The colour and noise moved past. “You’re mi...
Invoking a night imp might be ludicrous, but the superstitious and the sacred are often the same thing Sharing the load is a column about parenting children of all ages I held my daughter up to better see the passing parade. She was still small enough to lift high with my hands and I watched her reaction from below, her joy, growing in the morning light. The colour and noise moved past. “You’re missing it,” I heard someone say. But I had never seen something as beautiful as that; it seemed perfect, her smile looking down at me. My daughter appeared above me again the following morning, though something had changed. Her mouth, blood-streaked, opened to reveal a gap. She had lost her first tooth. We celebrated but I felt something else as well; it all changes from here . I wondered if it was grief. Continue reading...
Jose Ramos-Horta urged by opposition to explain diplomatic passport given to businessman behind resort project, who denies any involvement with organised crime Timor-Leste’s opposition has questioned how foreign investors in a proposed cryptocurrency resort obtained prime beachfront real estate in the country’s capital, and has called on the president to explain why he issued a diplomatic passport...
Jose Ramos-Horta urged by opposition to explain diplomatic passport given to businessman behind resort project, who denies any involvement with organised crime Timor-Leste’s opposition has questioned how foreign investors in a proposed cryptocurrency resort obtained prime beachfront real estate in the country’s capital, and has called on the president to explain why he issued a diplomatic passport to a Chinese businessman involved in the project. Speaking in parliament in Dili on Monday, Fretilin opposition party MP Florentino Ximenes da Costa “Sinarai” raised concerns about the proposed AB Digital Technology Resort, which was the subject of a months-long investigation by the Guardian and Organised Crime and Corruption Reporting Project (OCCRP) . Continue reading...
Use of the illicit drug has plummeted in recent years among gen Zers, compared with their parents’ generation Ever since cocaine first emerged as a popular party drug via the shores of Miami in the early 1970s, use of the stimulant has been inextricably entwined with the very essence of capitalist excess and what it is to be American: brash, bombastic and brazen. The wide-scale use of cocaine in t...
Use of the illicit drug has plummeted in recent years among gen Zers, compared with their parents’ generation Ever since cocaine first emerged as a popular party drug via the shores of Miami in the early 1970s, use of the stimulant has been inextricably entwined with the very essence of capitalist excess and what it is to be American: brash, bombastic and brazen. The wide-scale use of cocaine in the US has left a trail of destruction in its wake, largely thanks to the illegal nature of the trade and the resultant US government policy of a “ war on drugs ”. Continue reading...
Fermi Inc. co-founder Toby Neugebauer called for a sale of the prospective AI power provider after he was removed as chief executive officer. Neugebauer said in a press release late Monday that he wants the board to begin an immediate process led by an independent investment bank for a sale to a third party. The departing CEO said he was informed by Fermi’s board on Friday that he was being remove...
Fermi Inc. co-founder Toby Neugebauer called for a sale of the prospective AI power provider after he was removed as chief executive officer. Neugebauer said in a press release late Monday that he wants the board to begin an immediate process led by an independent investment bank for a sale to a third party. The departing CEO said he was informed by Fermi’s board on Friday that he was being removed without cause. Fermi didn’t immediately comment. Neugebauer said in the press release that he, his family members and other colleagues who departed Friday own about 40% of the company’s shares, and that he “ultimately cares about making money for all shareholders more than finishing what he and his team started.” Fermi, co-founded by former US Energy Secretary Rick Perry , is developing a campus in Texas for AI data centers that would initially be powered by natural gas, with plans to add as many as four nuclear reactors. Read More: AI Nuclear Power Developer Fermi Slides on CEO’s Abrupt Exit
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
US President Donald Trump’s long-standing obsession with sea power was underscored by his pledge to rebuild the US Navy into what he called a “Golden Fleet” as he returned to the White House. His financial year 2027 budget released on April 3 puts a price tag on the ambition: US$65.8 billion for 34 warships, including initial funding for a next-generation battleship he wants to name after himself,...
US President Donald Trump’s long-standing obsession with sea power was underscored by his pledge to rebuild the US Navy into what he called a “Golden Fleet” as he returned to the White House. His financial year 2027 budget released on April 3 puts a price tag on the ambition: US$65.8 billion for 34 warships, including initial funding for a next-generation battleship he wants to name after himself, part of the largest US$1.5 trillion defence-spending request in history. But analysts say the...
Even with an uncertain geopolitical backdrop, the broader markets are staging a massive, face-ripping rally. As a technical trend trader, I never try to fight the tape. Both the S & P 500 and the Nasdaq have just minted fresh all-time highs, and the golden rule of breakouts is that new highs tend to breed more new highs. While the sheer velocity of this upward move is almost staggering, the underl...
Even with an uncertain geopolitical backdrop, the broader markets are staging a massive, face-ripping rally. As a technical trend trader, I never try to fight the tape. Both the S & P 500 and the Nasdaq have just minted fresh all-time highs, and the golden rule of breakouts is that new highs tend to breed more new highs. While the sheer velocity of this upward move is almost staggering, the underlying momentum is what commands my attention. A brief pullback is inevitable, but I expect any dip to be short-lived, offering us prime buying opportunities. Ultimately, market sentiment has completely flipped, and regardless of how rational we think equities are, they remain heavily driven by sentiment. Catching these aggressive sentiment shifts in real time is incredibly difficult for any human trader. That is exactly why I built Maya, an algorithm grounded entirely in technical analysis with zero emotional bias. While most traders were still paralyzed by fear and wondering if it was safe to re-enter, Maya quietly doubled its account during this exact recovery phase. If stepping back from the screens and utilizing a 100% rules-based system interests you, feel free to check out the details here . For today's setup, my crosshairs are locked on Salesforce (CRM) . While most of the market has already staged a fierce comeback, there are always a few names that lag behind the pack. As a mean reversion trader, hunting down these exact laggards is my primary focus, operating on the premise that a rising tide will eventually lift all boats. In a tape this aggressively bullish, you could almost throw darts, but I still demand strict confirmation before deploying capital. I am relying on two core indicators for CRM: RSI (Relative Strength Index): CRM suffered a brutal 38% haircut over the last three months, dragging its RSI deep into the oversold zone below 30. I never buy a falling knife just because it looks cheap, but rather, I wait for proof of life. That exact confirmation flash...
Vladimir Zakharov/iStock via Getty Images By Kelvin Wong Copper (XCU/USD) has also benefited from a revival of risk-on appetite in the past seven trading sessions due to the temporary two-week ceasefire agreement between the US and Iran since 8 April 2026 to negate the risk of stagflation driven by fears of a prolonged global oil supply disruption. Dr Copper has benefited from recent risk-on behav...
Vladimir Zakharov/iStock via Getty Images By Kelvin Wong Copper (XCU/USD) has also benefited from a revival of risk-on appetite in the past seven trading sessions due to the temporary two-week ceasefire agreement between the US and Iran since 8 April 2026 to negate the risk of stagflation driven by fears of a prolonged global oil supply disruption. Dr Copper has benefited from recent risk-on behaviour Fig. 1: Global Cross Assets Performance from 27 Feb 2026 to 20 Apr 2026 (Source: MacroMicro). Copper has rallied by 17% from the 23 March 2026 low of 5.1889 to print a two-month high of 6.1037 on 15 April 2026 as market participants look forward to a peace deal resolution between the US and Iran, erasing its early loss of 14% from the onset of the US-Iran war. Based on the 27 February 2026 pre-war baseline till Monday, 20 Apr 2026, LME spot copper has traded almost unchanged at -0.75% (see Fig. 1). In the past three days, a game of poker has emerged as both sides are trying to build a “stronger hand” ahead of the second round of peace talks to take place in Pakistan, either on Tuesday or Wednesday, as stated by US President Trump via a media interview. The US has continued to enact a naval blockade on Iranian-registered oil tankers in the Strait of Hormuz, and Iran has continued to force a closure in the strait to prevent international vessels from transporting and obtaining oil supplies in the GCC region. Global manufacturing PMI is the second driver to watch Fig. 2: Global Manufacturing PMI Diffusion Index as of March 2026 (Source: MacroMicro). The longer-term price movement of copper is highly sensitive to manufacturing activities, as it is a vital component in the global manufacturing supply chains and industrial usage. Higher manufacturing activities tend to translate to a higher demand for copper, in turn, creating a positive feedback loop into the price of copper. Manufacturing Purchasing Managers’ Index data compiled by S&P Global can be used as a leading indic...