Canadian banks set for earnings decline but investors optimistic about recovery

Canadian banks are set to post their fourth straight year-on-year quarterly profit drop when they report results next week, the longest decline streak since the financial crisis, on margin compression and declining commercial lending, but flattening loan loss provisions signal a turning point, investors said. Banks’ profit margins are also expected to get a boost […]

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Joby Aviation is going public, reveals its electric aircraft in flight for the first time

Joby Aviation, the electric aviation company based in Northern California, is the latest futuristic mobility company to go public via a reverse merger with a special purpose acquisition company, or SPAC. To celebrate, the company is releasing the first footage of its electric aircraft in flight. Joby, which is backed by Toyota and recently acquired […]

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Brazil’s securities industry watchdog to investigate change of Petrobras CEO

Brazil’s securities industry watchdog CVM is expected to launch an investigation on Monday following the announcement by President Jair Bolsonaro of the change of CEO at state-controlled oil company Petrobras, according to one source with knowledge of the matter. Bolsonaro first announced the nomination of former General Joaquim Silva e Luna to replace current CEO […]

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The NYPD deploys a robot dog again

The cyberpunk dystopia is here! (If you weren’t aware: I’m sorry. You’re living in a cyberpunk dystopia.) The latest sign — aside from corporations controlling many aspects of everyday life, massive widespread wealth inequality, and the recent prominence of bisexual lighting — comes in the form of robot dogs deployed to do jobs human police […]

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