Latest news with #MichaelGreen
Canada News.Net
07-08-2025
- Business
- Canada News.Net
U.S. stock markets rally, Nasdaq Composite surges 253 points
NEW YORK, New York - U.S. stock markets managed decent gains on Wednesday, a day after recording hefty losses, a sign that volatility remains a ket factor. "By and large, this is just kind of a digestion that is still continuing from the relatively elevated [volatility] that occurred at the end of last week, as the payroll report was disappointing and the Federal Reserve did not cut," Michael Green, portfolio manager and chief strategist at Simplify Asset Management told CNBC Wednesday. "We're just in a kind of a holding pattern right now." As Wall Street closed higher Wednesday, the S&P 500 and Nasdaq Composite posted strong gains as technology stocks fueled optimism. The Dow Jones Industrial Average also edged up, though its advance was more modest. Key Index Performances: S&P 500 (^GSPC): Rose 45.87 points, or 0.73 percent, to close at 6,345.06, marking another record high. Nasdaq Composite (^IXIC): Jumped 252.87 points, or 1.21 percent, finishing at 21,169.42, its best level in over a month. Dow Jones (^DJI): Gained 81.38 points, or 0.18 percent, settling at 44,193.12. Market Drivers: Tech stocks led the charge, with megacap names like Nvidia, Apple, and Microsoft contributing significantly to the Nasdaq's rally. Investors shrugged off recent volatility, encouraged by solid earnings reports and expectations of steady Federal Reserve policy. Outlook: With inflation data and Fed commentary on the horizon, traders remain cautiously optimistic. Wednesday's rally suggests renewed confidence, but market participants will watch for fresh catalysts to sustain momentum. Forex Market Update for Wednesday: Euro and Commodity Currencies Gain as U.S. Dollar Weakens The foreign exchange markets showed a mixed but mostly risk-on tone in the latest session on Wednesday, with the U.S. dollar softening against several major currencies while the euro and commodity-linked currencies advanced. The EUR/USD climbed 0.71 percent to 1.1657, marking one of the strongest performances among major pairs as the euro benefited from improved risk sentiment. The GBP/USD also rose 0.46 percent to 1.3358, supported by steady demand for the British pound. Commodity currencies saw notable gains, with the AUD/USD up 0.50 percent to 0.6503 and the NZD/USD leading the pack with a 0.55 percent rally to 0.5933 The moves suggest optimism in global markets, possibly driven by expectations of easing monetary policy or stronger risk appetite. Meanwhile, the U.S. dollar faced pressure against key counterparts. The USD/JPY dipped 0.30 percent to 147.17, while the USD/CAD fell 0.21 percent to 1.37420 as the Canadian dollar found support. The USD/CHF pair edged down 0.08 percent to 0.80652, reflecting modest safe-haven demand for the Swiss franc. Market Sentiment: The U.S. dollar's retreat indicates a pause in its recent strength, while the euro and commodity currencies capitalize on shifting investor expectations. Global Stock Markets Wrap: Mixed Performance Across Major Indices on Wednesday Global equity markets displayed a mixed performance on Wednesday, with European and Australian indices leading gains, while some Asian and Middle Eastern markets faced pressure. Canadian Indices Surge The S&P/TSX Composite (^GSPTSE) outperformed Wednesday with a surge of 350.79 points, or 1.27 percent, ending at 27,920.87, lifted by strength in energy and financial sectors. London, UK Markets Edge Up The FTSE 100 (^FTSE) closed at 9,164.31, gaining 21.58 points or 0.24 percent, as investor sentiment remained cautiously optimistic. Mixed Performances in Europe In Europe, Germany's DAX (^GDAXI) rose 78.29 points or 0.33 percent to 23,924.36, while France's CAC 40 (^FCHI) edged up 13.99 points or 0.18 percent to 7,635.03. The broader EURO STOXX 50 (^STOXX50E) climbed 13.70 points or 0.26 percent to 5,263.29, and the Euronext 100 (^N100) advanced 3.21 points or 0.21 percent to 1,562.61. However, Belgium's BEL 20 (^BFX) bucked the trend, slipping 8.12 points or 0.17 percent to 4,657.23. Asia and Pacific Markets Show Divergence China's Shanghai Composite ( rose 16.40 points or 0.45 percent to 3,633.99, and Japan's Nikkei 225 (^N225) climbed 245.32 points or 0.60 percent to 40,794.86, continuing its strong performance. Hong Kong's Hang Seng Index (^HSI) inched up 8.10 points or 0.03 percent to 24,910.63, while Singapore's STI Index (^STI) gained 19.12 points or 0.45 percent to 4,227.70. Australia's S&P/ASX 200 (^AXJO) surged 73.30 points or 0.84 percent to 8,843.70, and the All Ordinaries (^AORD) jumped 82.30 points or 0.91 percent to 9,111.10. India's S&P BSE SENSEX (^BSESN) dipped 166.26 points or 0.21 percent to 80,543.99, and Indonesia's IDX Composite (^JKSE) fell 11.44 points or 0.15 percent to 7,503.75. Malaysia's KLSE (^KLSE) rose 2.84 points or 0.18 percent to 1,541.48, while New Zealand's S&P/NZX 50 (^NZ50) saw a marginal gain of 3.12 points or 0.02 percent to 12,880.16. South Korea's KOSPI (^KS11) was nearly flat, adding just 0.14 points or 0.00 percent to 3,198.14. Taiwan's TWSE (^TWII) dropped 213.23 points or 0.90 percent to 23,447.36. Middle East Markets Diverge Israel's TA-125 (^ slid 16.75 points or 0.56 percent to 2,976.41. Egypt's EGX 30 (^CASE30) surged 226.00 points or 0.64 percent to 35,480.20. Africa Outperforms South Africa's Top 40 (^ rallied 82.42 points or 1.49 percent to 5,602.79.
Vancouver Sun
05-08-2025
- Science
- Vancouver Sun
The Home Front: How PARC is reshaping B.C.'s story
A striking new building is quietly taking shape in Vancouver Island's city of Colwood, which is near Victoria. The Royal BC Museum PARC Campus (short for Provincial Archives, Research and Collections) offers a fresh take on how we preserve and share our history, says architect Michael Green of MGA, who designed this building. PARC will house collections currently stored at the Royal BC Museum's aging downtown Victoria site, giving much-needed room to archives, conservation labs and storage. But it's more than a warehouse, it's a storytelling loop, says Green. You walk through a path of time — from geology and dinosaurs to First Nations history and present-day culture, he says. Stay on top of the latest real estate news and home design trends. By signing up you consent to receive the above newsletter from Postmedia Network Inc. A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of Westcoast Homes will soon be in your inbox. Please try again Interested in more newsletters? Browse here. Every object stored or studied in the PARC campus tells a piece of the B.C. story, says Green. Researchers will be able to study species that may now be extinct and see how life has changed. 'It's very important for scientific research. It's very important from a historical context and from a cultural point of view, of really understanding who we are and where we came from,' says Green. Visitors won't just see finished exhibits. Glass-lined labs will give people a window into real-time work. You'll see people working with bones, rare books, birds, or geological samples; doing the research that shapes how we understand the past, says Green. Unlike traditional archives that are hidden behind closed doors, the PARC campus is designed to draw people in. 'It's on one level. You walk straight in. It feels human, warm and connected to nature,' says Green. It's also designed with all ages and abilities in mind. 'We've made sure there are flexible spaces for school visits and learning, indoor and outdoor garden classrooms, and the highest standards for accessibility,' says Green. Inside the building, 140 timber columns have been used to represent the 14,000 years First Nations have had a presence in B.C., says Green. 'We're going to write a century — 100, 200, 300, 400, and so on — down each column, and as you look down this long corridor, and you turn and there's another corridor, and another long corridor, and each of those columns represents a century. That's the time the First Nations, people, the Indigenous people, have lived here, at least, maybe more, and then there's only two columns that represent the time when settlers have been here,' he says. They're using building design to help convey a sense of time, scale and story, for adults and children alike, says Green. The building will have flexible spaces, where lectures and dinners can be held, and areas where groups of schoolchildren can gather. 'There's a whole kids' learning area, both indoors and outdoors, and garden spaces where projects can be undertaken by kids working with the different fascinating departments,' says Green. PARC will showcase everything from geology to literature and culture. It even has a Rolls-Royce painted by musician John Lennon — decorated, unsurprisingly, with flowers. 'For some reason, British Columbia owns it,' says Green. Built entirely from B.C. wood and rammed earth, PARC is the largest mass-timber cultural building in North America. If you're designing a building that's about the history of time, you don't ignore the reality of our time, which means addressing climate change, says Green. This building is designed to last for thousands of years. 'All buildings last based on how they're maintained. Concrete, steel, wood. It's all the same, if you let the rain in, if you don't fix the roof, if you don't fix the windows, over time, all buildings will decay,' he explains. Green points to the timber ceilings of European cathedrals as evidence of this. It's not the material, but the maintenance that counts. With the building about 70 per cent complete, opening day is expected sometime in 2026. It's not a place that you just flip the lights on and open the door, he says. The move-in alone is like relocating a closet that's overfull with priceless history inside. PARC is funded by the Province of British Columbia and operated by the Royal BC Museum, a Crown corporation. It is not a replacement for the downtown museum, but an expansion, and one that gives the public a new way to see, learn and connect with our province's history, says Green. 'I think the most important thing this building does is remind us that we come from the ground. We make things. We tell stories.'
Yahoo
28-07-2025
- Business
- Yahoo
Transitions in the Semiconductor Space
Simplify Asset Management Portfolio Manager Michael Green discusses how investors are preparing for a busy week of tech earnings, as Microsoft, Meta, Apple, and Amazon are set to release quarterly results. Green speaks with Caroline Hyde and Ed Ludlow on "Bloomberg Tech." Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
28-07-2025
- Business
- Bloomberg
Transitions in the Semiconductor Space
Simplify Asset Management Portfolio Manager Michael Green discusses how investors are preparing for a busy week of tech earnings, as Microsoft, Meta, Apple, and Amazon are set to release quarterly results. Green speaks with Caroline Hyde and Ed Ludlow on 'Bloomberg Tech.' (Source: Bloomberg)
BBC News
12-07-2025
- BBC News
Drug smuggler jailed for importing £49k cocaine to Isle of Man
A drug smuggler who travelled to the Isle of Man with large quantities of cocaine and cannabis stashed in a hidden compartment in his van has been jailed for six years and four Green, 33, was stopped by customs and excise officers after he arrived on the ferry from Heysham in March claiming he was a subcontractor travelling for work.A search of the vehicle revealed packages containing £49,755 of cocaine and £10,466 of Courthouse heard, after admitting to smuggling the drugs, he had lied to a probation officer about the death of his son to get sympathy from the court, which Deemster Graeme Cook said was an "absolutely disgusting attempt at deception". Green, from Kirby in Merseyside, had arrived on the Manxman's sailing from Heysham at 06:00 GMT on 21 March, the court initially told customs and excise officers he was a subcontractor who was due to start work on a shop, but no items relating to that project were found in the was arrested after he could provide no proof he had made the trip for work drugs were found in a specially created "hide" within the black Ford Transit Connect Van when a further search was carried out at police headquarters. 'Beyond comprehension' In a prepared statement he told police he was a gambling addict and had agreed to smuggle cannabis to the island, and had been given the ferry fare with the promise of £1,000 on his said he was told to park the van on a road overnight before collecting it the following day to drive it to the ferry port, the court was pleaded guilty to importing cocaine and cannabis, and possession of both drugs with intent to defence advocate said he had made a "wholly disastrous error of judgement" in what were "very poor financial circumstances".The court heard Green had told a probation officer, who was compiling a social enquiry report ahead of his sentencing hearing, that one of his twin sons had recently died from leukaemia at the age of he later admitted he had lied and the child had in fact died 16 weeks into the pregnancy Cook said Green had "exaggerated" the situation in order to get increased sympathy from the court but that had "rebounded" on him."I find the whole suggestion completely distasteful, disgusting and beyond comprehension," he was also handed an exclusion order, which bans him from returning to the island for five years after his release. Read more stories from the Isle of Man on the BBC, watch BBC North West Tonight on BBC iPlayer and follow BBC Isle of Man on Facebook and X.
