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  • Business
    Yahoo Finance Canada

    Parkland stock gets price target chop from RBC as analyst warns of 'elevated uncertainty'

    Royal Bank's Luke Davies on Tuesday slashed $4 from his $54 price target.

  • News
    The Canadian Press

    The Biden administration recruits 15 states to help enforce airline consumer laws

    The Biden administration is enlisting the help of officials in 15 states to enforce consumer-protection laws covering airline travelers, a power that by law is limited to the federal government. The U.S. Department of Transportation said Tuesday that the states, which include California, New York and Illinois, will help ensure that government enforcement activities keep up with a current boom in air travel. Under an agreement announced by Transportation Secretary Pete Buttigieg, state attorney g

  • Business
    Yahoo Finance Video

    US luxury sales see 12% decline in March: BofA

    US luxury spending saw a 12% decline in March. However, the global luxury landscape has shown more fluctuating trends. Luxury conglomerate LVMH (MC.PA), the parent company of brands like Louis Vuitton and Dior, highlighted strong performance in other regions, notably the Middle East and Europe. Yahoo Finance's Madison Mills breaks down the details. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith

  • Business
    Yahoo Finance Video

    Homebuyers are 'drunk' on rate cut hopes: Broker

    With mortgage rates still high, many prospective homebuyers are waiting on the sidelines until rates come down. The impact of these higher rates is evident in the housing market data, as housing starts fell 14.7% in March from February, marking a 4.3% year-over-year decline. Douglas Elliman Licensed Real Estate Salesperson Timothy Malone and Compass NYC Real Estate Broker Mickey Conlon joins Wealth! to discuss the current state of the housing market. Malone explains that with mortgage rates so high, the current buyers in the market are those who "need to buy right now," while everyone else is waiting on the sidelines. He advised buyers to "negotiate the sales price," as the sellers who "need to sell right now are very negotiable." However, Malone cautions against waiting, as rates drop and demand increases, it will become more challenging to find a home. Conlon acknowledges the pent-up demand in the market, noting that buyers will eventually make moves due to life changes or financial pressures. He observes that buyers have slowly started returning to the market, buoyed by the prospect of the Federal Reserve's proposed rate cuts, which "has helped to get us over the hump" of housing market stagnation. However, Conlon warns that the possibility of no rate cuts "is real." He emphasizes that while current rates are not historically bad for the housing market, buyers have become "drunk" on the low-rate scenario. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith