Calgary Flames sign Kerins, Kuznetsov and Poirier to two-way contracts
Kuznetsov signed a two-year, two-way deal worth US$812,500 a season that becomes a one-way contract in the second year while Kerins and Poirier signed one-year, one-way contracts worth $775,000.
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Globe and Mail
2 minutes ago
- Globe and Mail
US Bancorp Reports Strong Q2 2025 Financial Results
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. US Bancorp ( (USB)) has shared an announcement. US Bancorp reported strong financial results for the second quarter of 2025, with a net income of $1,815 million, marking a 13.2% increase year-over-year. The company achieved a return on tangible common equity of 18% and a return on average assets of 1.08%. The results were driven by growth in fee revenue, particularly in payment services, trust and investment management, and treasury management fees. Elavon, a subsidiary of US Bancorp, improved its ranking in the 2025 Nilson Report, becoming the fifth-largest U.S. merchant acquirer. Additionally, US Bancorp completed its first fully digital trade finance transaction, highlighting its commitment to modernizing trade and working capital for clients. The most recent analyst rating on (USB) stock is a Hold with a $49.00 price target. To see the full list of analyst forecasts on US Bancorp stock, see the USB Stock Forecast page. Spark's Take on USB Stock According to Spark, TipRanks' AI Analyst, USB is a Outperform. US Bancorp presents a well-rounded investment case with strong technical momentum and attractive valuation. Robust earnings call guidance and positive corporate events further bolster confidence. However, the financial performance could be improved with enhanced revenue growth and equity strength. To see Spark's full report on USB stock, click here. US Bancorp operates in the financial services industry, providing a range of banking and financial products including payment services, trust and investment management, and treasury management. The company focuses on leveraging its diversified business mix and sound risk management to navigate economic volatility. Average Trading Volume: 9,768,842 Technical Sentiment Signal: Strong Buy Current Market Cap: $71.19B See more insights into USB stock on TipRanks' Stock Analysis page.
Canada News.Net
2 hours ago
- Canada News.Net
CFPB paralyzed as staff paid to wait, mission dismantled under Trump
NEW YORK CITY, New York: For the last six months, the Consumer Financial Protection Bureau (CFPB) has been issuing pay cheques to its staff who have been ordered not to perform their duties, leaving the bureau idle in all but name. The CFPB, established 15 years ago to police banks and financial service providers, has been instrumental in returning some US$21 billion to consumers harmed by predatory practices. Now, the agency's core mission is being dismantled under new leadership, with staff stuck in limbo—paid but prohibited from acting. "It feels like we're just waiting," said one current employee, who spoke anonymously due to restrictions on speaking publicly. "We show up, check emails, and try not to talk too much. Even small conversations feel risky." Ten current and former employees, along with industry professionals who once worked closely with the bureau, painted a similar picture: internal communication has all but stopped, and staff feel adrift. The press office no longer responds to inquiries. While the CFPB dialed back its enforcement under President Donald Trump's first term, it still pursued some consumer protection cases. That shifted under President Joe Biden, when the bureau cracked down on excessive bank fees and probed the growing role of Big Tech in financial services, securing penalties from companies like Apple. However, the recent return of Trump's influence has reversed course dramatically. The Department of Government Efficiency—now overseen by Elon Musk—called for the CFPB's shutdown, and acting chief Russell Vought ordered employees not to carry out any job-related tasks. The courts temporarily blocked an effort to lay off 1,500 employees, but insiders worry that further cuts are imminent. Some enforcement actions have already been rolled back. Navy Federal Credit Union, for instance, was allowed to withdraw from an $80 million settlement over unlawful overdraft fees. Toyota also avoided penalties related to questionable loan practices. The bureau's productivity has plummeted. According to a report by Senator Elizabeth Warren, the CFPB now processes just 2,200 consumer complaints per day, down from around 10,500 before the policy shift. There have been rare exceptions. The bureau recently settled a case with FirstCash, a national pawn chain, over illegal high-interest loans to service members, resulting in a $9 million fine. However, with looming budget cuts that could slash funding in half, such enforcement actions may become even rarer. Inside the bureau, morale has cratered. As one employee put it, each week brings "mini-funerals" as colleagues resign rather than endure the uncertainty. For those who remain, the days are quiet, the work is scarce, and the future is uncertain. "I don't think I'll ever work in public service again," said one current employee, who has been looking for a new job for the past three months.
Globe and Mail
3 hours ago
- Globe and Mail
Premarket: Global shares rise on robust U.S. economic data, earnings
Global shares edged higher on Friday as robust U.S. economic data and corporate earnings this week tempered tariff concerns for now, while the yen headed toward a second successive weekly loss ahead of a crunch legislative election in Japan on Sunday. Stronger-than-expected U.S. retail sales and jobless claims suggesting modest improvement in economic activity helped to push the S&P 500 and the Nasdaq to close at record highs on Thursday. Asian and European shares followed suit with gains on Friday, with Asian shares outside Japan up 0.9 per cent, while European stocks were last up 0.4 per cent. Wall Street futures were also up around 0.1 per cent. A solid start to earnings season in the U.S. – with companies including streaming giant Netflix beating forecasts – was also supporting investor confidence, said Eren Osman, managing director of wealth management at Arbuthnot Latham. 'We're pretty constructive on the (U.S.) macro backdrop... We do see some scope for slowing growth, but not for anything material and that's giving the markets quite a nice bounce,' Osman said, adding the potential full impact of U.S. tariffs was still in focus. Alphabet and Tesla are among the companies reporting half-year results next week, which will further test the market mood. The U.S. dollar was broadly flat against the yen at 148.65 but was down nearly 1 per cent this week after polls showed Prime Minister Shigeru Ishiba's coalition was in danger of losing its majority in the upper house election on Sunday. Data on Friday showed Japan's core inflation slowed in June due to temporary cuts in utility bills but stayed above the central bank's 2 per cent target. The rising cost of living, including the soaring price of rice, is among the reasons for Ishiba's declining popularity. 'If PM Ishiba decides to resign on an election loss, USDJPY could easily break above 149.7 as it would usher in an initial period of political turbulence,' said Jayati Bharadwaj, head of FX strategy at TD Securities. 'JPY could reverse the recent dramatic weakness if the ruling coalition wins and is able to make swift progress on a trade deal with Trump.' In currency markets, the U.S. dollar index slipped 0.1 per cent to 98.365, but was heading for a second successive weekly gain, bouncing from a 3-1/2 year low hit over two weeks ago. Fed Governor Christopher Waller said on Thursday he continues to believe the central bank should cut interest rates at the end of this month, though most officials who have spoken publicly have signaled no desire to move. Treasury yields were slightly lower. Benchmark 10-year U.S. Treasury yields dropped 2 basis points to 4.44 per cent, two-year yields also edged 2 bps lower to 3.90 per cent. Oil prices extended gains on Friday, after drone strikes on Iraqi Kurdistan oil fields fueled supply concerns. U.S. crude rose 0.4 per cent to US$67.81 per barrel and Brent also rose 0.4 per cent to US$69.79 a barrel. Spot gold prices gained 0.3 per cent to US$3,348 an ounce. - Reuters Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter. Sign up today.
