Board of Trade President calls for simpler rules, competitive tax code to boost business
Toronto Region Board of Trade's Giles Gherson weighs in on Trump's tariff warning, industry concerns, and what comes next.
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Globe and Mail
41 minutes ago
- Globe and Mail
Citi Keeps Their Buy Rating on Charles Schwab (SCHW)
In a report released yesterday, Christopher Allen from Citi maintained a Buy rating on Charles Schwab, with a price target of $110.00. The company's shares closed yesterday at $95.80. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Allen covers the Financial sector, focusing on stocks such as Charles Schwab, Interactive Brokers, and LPL Financial. According to TipRanks, Allen has an average return of 28.1% and an 83.00% success rate on recommended stocks. In addition to Citi, Charles Schwab also received a Buy from William Blair's Jeff Schmitt in a report issued yesterday. However, on July 15, Piper Sandler maintained a Hold rating on Charles Schwab (NYSE: SCHW). The company has a one-year high of $97.50 and a one-year low of $61.15. Currently, Charles Schwab has an average volume of 8.05M. Based on the recent corporate insider activity of 126 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SCHW in relation to earlier this year. Last month, Jonathan S Beatty, the MD, Head of Advisor Services of SCHW sold 2,850.00 shares for a total of $249,546.00.
Globe and Mail
an hour ago
- Globe and Mail
If You Bought 1 Share of Walmart at Its IPO, Here's How Many Shares You'd Own Now
Key Points Investors continue to gravitate to influential businesses conducting stock splits. Since its October 1970 initial public offering (IPO), Walmart has effected a dozen forward splits. Walmart has a shopping cart full of competitive edges, including its size and willingness to lean on innovation. 10 stocks we like better than Walmart › For years, stock splits have been one of the most exciting trends on Wall Street. A stock split is a tool public companies have available that allows them to adjust their share price and outstanding share count by the same factor. These changes are surface-scratching in that they don't impact a company's market cap or operating performance. Businesses completing forward stock splits (designed to reduce a company's share price to make it more nominally affordable for everyday investors) have a knack for outperforming -- which is something the shareholders of retail goliath Walmart (NYSE: WMT) know all too well. Walmart's stock-split history is a marvel Walmart's initial public offering (IPO) occurred on Oct. 1, 1970, with the company pricing its shares at $16.50. In the nearly 55 years since its IPO, this retail colossus has completed 12 forward splits: May 1971: 2-for-1 stock split March 1972: 2-for-1 August 1975: 2-for-1 November 1980: 2-for-1 June 1982: 2-for-1 June 1983: 2-for-1 September 1985: 2-for-1 June 1987: 2-for-1 June 1990: 2-for-1 February 1993: 2-for-1 March 1999: 2-for-1 February 2024: 3-for-1 If you had spent $16.50 to purchase one share of Walmart at its IPO, you'd now have 6,144 shares worth $586,076, not including dividends. Not too shabby! Walmart's competitive edge is on full display One of the reasons Walmart is so dominant is its size. Being able to buy products in bulk reduces its per-unit cost and allows it to undercut local retailers and even some national grocery chains on price. It offers a value proposition that few retailers can match. In addition to its sheer size, Walmart is leaning on innovation and digitization to drive gains. Relying on automation and artificial intelligence -optimized supply chains, along with building out its high-margin Walmart+ subscription service, have the needle pointing higher. With a 52-year streak (and counting) of dividend increases in its sails, Walmart shows no signs of slowing down. Should you invest $1,000 in Walmart right now? Before you buy stock in Walmart, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Walmart wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $652,133!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,056,790!* Now, it's worth noting Stock Advisor's total average return is 1,048% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025
CBC
an hour ago
- CBC
Digital contracts are the norm today. Is there still power in a written signature?
Some of the most powerful people in the world can be recognized by their signatures. Prime Minister Mark Carney's signature adorns Canadian currency, from his time as head of the Bank of Canada. And U.S. President Donald Trump regularly displays his oversized, sloping signature for the cameras with each new executive order. But these days, it's far more common for most of us to sign our names on a touch screen, or to simply click a box on an online form, than to sign your name with a pen on paper. Author Christine Rosen isn't happy about it. "We're actively choosing to go back to a way of life where a mark is the same as a signature. So it's a devolution in terms of our skills as human beings," she told The Sunday Magazine's Peter Mitton. Rosen's book The Extinction of Experience looks at how the onslaught of digital life is hollowing out real-life experiences, like the act of physically signing your name. "I fear that our willingness to suspend that small, everyday action is sort of symbolic of some of the other important things we've discarded in our haste to embrace digitally mediated forms of communication," she said. Despite their relative rarity in most people's lives today — and the legal ambiguity that came with the introduction of electronic signatures — written signatures still carry power as a personal artistic expression, whether you've carefully designed your own or paid a professional to do it for you. E-signatures around for decades E-signatures are just over 25 years old in the U.S. In June 2000, then-U.S. president Bill Clinton signed the Electronic Signatures in Global and National Commerce Act into law. The act allowed for electronic records, including digital versions of a signature, to be used for business transactions that earlier required a person's written signature for validation. In Canada, the Personal Information Protection and Electronic Documents Act, which became law in April 2000, outlines the use of e-signatures. Provinces and territories have followed suit with similar legislation. John Gregory, a retired lawyer in Toronto, says when Clinton signed that bill, some worried that the signature's "ceremonial function" might lose some of its power. "It makes you take it seriously. Oh, jeez, I'm signing this. This is important. I should know what I'm doing. Do I really agree to this?" said Gregory, who previously worked in the U.S. on developing government policies around what happens legally when paper trails become increasingly digital. While personal opinions on an e-signature's weight may vary, the law has since moved on. Gregory pointed to a 2017 case in Saskatchewan where a man who injured himself in a go-kart crash said a digital waiver he signed by checking a box shouldn't absolve the company who owned the track of any liability. The court ruled that, in fact, that check was as valid as a pen-and-paper signature. And, in 2024, Saskatchewan's Court of King's Bench upheld a decision that a thumbs-up emoji was confirmation of a contract between two agricultural companies. One of the companies involved asked the Supreme Court of Canada to rule on that decision; it's unclear if the Court will do so. Do young people care about signatures? Filomena Cozzolino, 27, styled her signature after her paternal grandmother, with whom she shares her name. "When I was maybe 12 or 13, I found one of her IDs and I wanted to try to copy her signature," said the publishing and creative writing student at Sheridan College in Mississauga, Ont. "Not only do we share a name, but we can share our signatures, since she's no longer here to share hers anymore." Some of her classmates had a more business-like approach to them. "I have very messy handwriting, actually, because I'm left-handed. So everything smudges and ... once I learned cursive, just went with the flow," said Mikayla Nicholls, 28. Zainab Bakjsh, 24, writes her signature in Arabic, which she says looks better and is easier to write than when she does it in English. But beyond that, she's not given it much thought. "It's just a signature. When I need to do something at the bank, or like renewing my health card, is probably the only time that I sign," she said. Boutique signature craft While the age of correspondence via fountain pen on parchment may be long gone, there's still a niche of people interested in using signatures as a personal flourish — and even a market if you're looking for a professional to craft one for you. "I believe that your signature is literally your face. I mean, regardless of your profession, you can impress people around you with this beautiful signature," said Elena Jovanovic, head calligrapher at Florida-based MySign Studio. The business crafts custom signatures for patrons, offering options in multiple script styles. Their calligraphers will then teach you how to draw them on your own. But it'll cost you, with services ranging from $100 to $200 US. "Many people around the world create their first signature during their teenage years and continue to use it throughout their lives. Typically, these signatures lack creativity and elegance," Jovanovic said. Sometimes patrons request certain artistic effects, such as adding a lion or butterfly to the signature. Other requests are more esoteric. Jovanovic recalled one customer who asked that they customize his signature by introducing a four-letter profanity into his surname — presumably only for the signature, and not as part of a legal name change. "And I was like, why not?" she said.
