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Equities in Toronto followed the upward path of their American cousins, and finished Thursday in the green, largely the result of strength in energy stocks. The TSX Composite gained 60.44 points to close Thursday at 20,461.93. The Canadian dollar acquired 0.76 cents to 78.97 cents U.S. Energy stocks led off the festivities as Arc Resources triumphed 57 cents, or 5.5%, to $10.88, while Vermilion Energy sprinted 52 cents, or 5.1%, to $10.65. Health-care stocks showed their mettle, with Organigram Holdings better by 12 cents, or 3.9%, to $3.17... -Baystreet.ca
Trevor Chow sent me the following questions, as a follow up to my recent post: I was wondering what your thoughts are regarding the following:1. I agree that the thought experiment shows monetary policy can set nominal aggregates as high as they would like. But I’m not entirely sure this solves the machete-scalpel problem.2. What I mean is the following. Suppose we start in a world where we’re on some nGDP growth path. Suddenly, there’s a recession (V falls/k rises) and expected nGDP falls. The central bank tells everyone about... -TheMoneyIllusion
Back in January, Entain rejected an all-stock offer from MGM Resorts worth $11B at the time Shares of DraftKings (DKNG) are under pressure on Tuesday after CNBC's David Faber reported that the company has made a $20B offer to acquire U.K. online sports betting company Entain (GMVHF). According to people familiar with the matter, the offer is largely in DraftKings stock, along with cash. Entain has confirmed it received a stock and cash proposal from DraftKings without disclosing any other details. DRAFTKINGS BID FOR ENTAIN: DraftKings has made a $20B... -The Fly
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