
This year, or more accurately, the second half of the year, has been exceptional for the financial sector of Canada. The financial index has risen over 24% since the beginning of July, and the upward momentum is still quite strong. are dominating and even leading this trend, but they aren’t the only financial sector stocks worth considering for 2025. An insurance holding company ( ) is an insurance holding company specializing in Property and Casualty (P&C) insurance and reinsurance. It currently has 25 companies in its portfolio operating in multiple markets, including Singapore, Hong Kong, the Gulf, and Thailand. The company has experienced significant organic growth and doubled its gross premium between 2017 and 2023. The stock has followed suit, albeit in a relatively delayed manner. However, it has offered exceptional growth to its investors in the last five years—about 238%. The yield has naturally fallen and is currently at 1%. However, interestingly enough, the stock is quite undervalued right now despite its powerful bullish phase and trading at a price-to-earnings (P/E) ratio of 8.7. A P&C insurance company ( ) is a Property and Casualty (P&C) insurance company. It has multiple companies under its banner and is present in international markets, including Ireland, but it’s not a holding company like the one above. It’s also a promising growth stock and has been one since its inception. It joined the market in 2009, and since then, the stock has grown by about 700%. The growth has slowed down a bit, and the stock only grew by about 100% in the last five years, but it’s still capable of doubling your capital in half a decade. The yield is at 1.7%, and the company boasts a solid dividend growth history (about 18 consecutive years of growth). Its consistency and strong dividend history make it a promising financial sector purchase. A wealth solutions company ( ) is one of the many companies under the Brookfield banner. It offers a range of services to both individual clients and institutions, including retirement services and wealth protection products. The company has clients in multiple countries. The stock has had a different run than the two others. It joined the market in 2020 and initially tumbled hard, falling 27% in less than two years. But then it gained upward momentum, and in just 2024, the stock has risen by about 62%. At this pace, it can double your capital in less than two years. The stock is also relatively undervalued right now. Foolish takeaway Two are , and the other has a strong growth history. The chances of the two undervalued ones carrying their growth momentum into the next year are substantial. As for Intact financials, there is a significant probability that the stock will sustain its regular growth pace.A Biden administration plan to extend a $6 billion loan for an electric vehicle manufacturer to build an E.V. factory in Georgia sent MAGA world into a tailspin Tuesday. The plan announced Monday is reportedly part of a push to lock in Democratic climate policies before President-elect Donald Trump returns to the White House . But not everybody was on board, with the move stoking speculation that the loan was a veiled political attack at one of Trump's main supporters – Tesla CEO Elon Musk . “Biden is forking over $6.6B to EV-maker Rivian to build a Georgia plant they’ve already halted,” Vivek Ramaswamy wrote to his followers on X. “One ‘justification’ is the 7,500 jobs it creates, but that implies a cost of $880k/job which is insane. This smells more like a political shot across the bow at @elonmusk & @Tesla.” That sentiment was echoed by numerous conservative social media users. ALSO READ: Merrick Garland and his 'Justice' Department should never be forgiven “It’s clearly an attack on Musk for his endorsement of Trump,” X user Paul A. Szypula wrote in a reply to Ramaswamy. Notably, Ramaswamy and Musk were both tapped by Trump to lead the so-called Department of Government Efficiency, or DOGE , to explore ways to slash government spending. And at least one Republican member of Congress thinks the federal loan to Rivian is a waste of government money. “Why not just cut each person a $880,000 check?!” Rep. Marjorie Taylor Greene (R-GA) posted on social media. “The absurdity of this is the exact type of insanity that we have to stop. I can tell you right now Georgians do not support Rivian and are sick and tired of seeing tax dollars handed over to this FAILING company, federal & state!” Greene was recently named chair of the new subcommittee on Delivering on Government Efficiency, which is expected to work with Musk's DOGE.
Deaths, dozens sick from spaza shop food, but who has been held accountable? What we know so far(The Center Square) – Although it remains unclear how many Democratic Senators will vote for the 2025 National Defense Authorization Act, some House members in the party have explained why they voted yes, despite a controversial provision restricting military-funded transgender surgeries for minors. The nearly $900 billion bill passed the House 281-140 Wednesday, with 200 Republicans and 81 Democrats voting in favor versus 124 Democrats and 16 Republicans voting against it. Most of the NDAA consists of bipartisan agreements, such as pay raises for service members, strengthened ties with U.S. allies, and funding of new military technology. But a critical point of contention is a Republican addition that would prohibit the military’s health program from covering any gender dysphoria treatments on minors that could "result in sterilization.” The must-pass bill is so critical that nearly 40% of House Democrats voted in favor–but not without expressing their disappointment. Rep. Chrissy Houlahan, D-Pa., condemned Republican colleagues who, she said, “chose to sully this bill with political culture wars;” nevertheless, she voted in favor. “While it doesn't address everything we asked for and consider important, including the full ability of parents to make their own decisions about healthcare for their children, it marks a rare moment of productive bipartisan agreement on what is arguably the most crucial legislation we take up as a body each year,” Houlahan said. More from this section The bill’s provision does not forbid service members’ children from receiving transgender therapy. It forbids the military’s health insurance provider, TRICARE, from covering treatments on minors that “may result in sterilization.” Reps. Greg Landsman, D-Ohio, and Terri Sewell, D-Ala., also voted in favor of the bill despite their displeasure at the ban. “The NDAA is a hugely important bill. We had to pass it, which is why I voted yes,” Landsman posted on X Friday. “However, the anti-trans language that was attached to it was mean and awful and should never have been included.” “I have serious concerns about some remaining provisions that were placed in the bill for political purposes,” Sewell said Wednesday. “Still, the responsibility to support our service members and provide for our national security is one that I do not take lightly, which is why I ultimately chose to support the bill.” Besides the importance of annual military funding, another reason some House Democrats assented to the legislation is because they were successful in axing other House Republican amendments, such as a plan to eliminate reimbursements for service members who travel to obtain abortions. The Senate is expected to pass the bill within the next few days, after which President Joe Biden is expected to sign it into law.BULLHEAD CITY — The Mohave Accelerated Learning Center girls basketball team dropped their second game of the season on Monday, falling to Boulder City High School 59-58 in overtime. The Lady Patriots jumped out to a 10-8 lead but trailed by one point at halftime. Both teams scored 12 points in the third quarter before MALC managed to send the game into overtime behind a big three-pointer from Lucy Wixkham and a clutch free throw from Haley Leslie before they went on to fall in the extra session. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.
FLORHAM PARK, N.J. (AP) — New York Jets running back Breece Hall could play Sunday at Jacksonville after missing a game with a knee injury. Hall has been dealing with a hyperextension and injured MCL in his left knee that sidelined him last Sunday at Miami. But he was a full participant at practice Friday after sitting out Wednesday and Thursday. Hall was officially listed as questionable on the team's final injury report. “He looks good right now,” interim coach Jeff Ulbrich said. “So it’s promising.” Hall leads the Jets with 692 yards rushing and four touchdown runs, and he also has 401 yards receiving and two scores on 46 catches. A pair of rookies helped New York offset Hall's absence last weekend, with Braelon Allen rushing for 43 yards on 11 carries, and Isaiah Davis getting 40 yards on 10 attempts and scoring his first rushing touchdown. “We’re hopeful and we’ll see how it goes,” Ulbrich said of Hall. The Jets will get star cornerback Sauce Gardner back after he missed a game with a hamstring injury, but New York's secondary appears likely to be without cornerback D.J. Reed because of a groin injury. Reed was listed as doubtful after he didn't practice Thursday or Friday. “It’s been something that’s kind of lingered here and there,” Ulbrich said. “It’s gotten aggravated and then it went away, and then it got aggravated again. So, it’s just dealing with that.” Backup Brandin Echols is out with a shoulder injury, so veteran Isaiah Oliver or rookie Qwan'tez Stiggers could get the start opposite Gardner if Reed can't play. Kendall Sheffield also could be elevated from the practice squad for the second game in a row. Ulbrich said kick returner Kene Nwangwu will be placed on injured reserve after breaking a hand last weekend at Miami. The injury came a week after he was selected the AFC special teams player of the week in his Jets debut, during which he returned a kickoff 99 yards for a touchdown and forced a fumble in a loss to Seattle. “To put him out there with a broken hand, just thought it’d be counterproductive for him and for us as a team, so it unfortunately cuts the season short and what a bright light he was,” Ulbrich said. “What an amazing future I think he has in this league. With saying that, he’s already been a really good player for quite a while, so (it's) unfortunate, but he’ll be back.” Offensive lineman Xavier Newman (groin) is doubtful, while right guard Alijah Vera-Tucker (ankle) and RT Morgan Moses (wrist) are questionable. AP NFL: https://apnews.com/hub/NFLStock market today: Wall Street hits records despite tariff talk
WesBanco, Inc. and Premier Financial Corp. Announce Shareholder Approvals of Merger Agreement
AP Business SummaryBrief at 3:26 p.m. ESTSTILLWATER — In a year that many expected to be borderline historic, Oklahoma State’s defense managed to do just that in all the worst ways possible. Barring improvement against No. 23 Colorado (8-3, 6-2 Big 12), the Cowboys (3-8, 0-8 Big 12) will set new single-season records for points given up, yards allowed per play, and yards allowed per rush. “We’ll be able to look at everything that’s going on, self-scout, what changes do we need to make,” Oklahoma State coach Mike Gundy said, describing the upcoming December. “How much of it is concept, is it scheme, is it coaching, is it personnel? All the different areas and things that we traditionally go over, most of the years that I’ve been here, it’s a pretty easy comb, doesn’t take a lot of time. “It will probably take more this year to go into detail because we haven’t been able to perform like we have the last 18 years.” People are also reading... 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A look at possible TU coaching candidates Police, sheriff talk about what Trump's mass deportation plan could mean for Tulsa Video: Stephen Colbert counts Ryan Walters among 'far-right weirdos' Trump could hire Maealiuaki Smith replacing Alan Bowman as starting quarterback for Oklahoma State McAlester football coach Forrest Mazey faces criminal misdemeanor charges If any coach knows his way around a good comb, it’s probably Gundy, but he might need a rake to get through all of Oklahoma State’s defensive problems. Points allowed: 54th in FBS (34.1 points per game) Fourth down: T-79 (55.2% success for opponents) Third down: 120 (46.3%) Yards per play: T-131 (6.83) Yards per carry: 132 (5.69) Are things getting better? During the first half against Texas Tech, it looked like Oklahoma State’s defense finally had its breakthrough moment when the Cowboys recorded four consecutive stops against a Power Four opponent for the first time this year. In fact, it was the first time the defense recorded back-to-back stops on defense since the third quarter against Baylor on Oct. 26 and only the fourth time all season that the defense recorded stops on three consecutive drives against a Power Four opponent (Kansas State, Utah and Arkansas). Oklahoma State held Texas Tech running back Tajh Brooks to 3.5 yards per carry and limited the Red Raiders to 29 rushing yards overall during that stretch. During Texas Tech’s nine other offensive drives, ignoring the kneel at the end, the Red Raiders rushed for 111 yards and averaged 4 yards per carry as a team largely because Brooks broke a 40-yard touchdown run on fourth-and-1 early in the fourth quarter. “We didn’t have any leverage outside of the formation,” Gundy said of the long run. “We had leverage between the tight end on the wing, but we didn’t have leverage outside and we had the correct play called. We didn’t line up and execute it properly, and they had the perfect play called for what we did not execute. If they would have done anything other than go that way, we’d have been OK. But that’s what happens when you make mistakes.” While the miscues felt like the continuation of season-long problems, it was actually a devastating mistake considering how much the defense seemed to improve over the bye. Ignoring sacks, the run defense gave up 4.4 yards per carry. The win over Tulsa is the only other time this season that Oklahoma State has held opponents to fewer than 5 yards per rush and the Cowboys have given up at least 6 yards per attempt in four of their last six games. According to Pro Football Focus, the Cowboys only missed five tackles on Saturday, putting their overall missed tackle rate at 6%, snapping a five-game streak that saw the Cowboys miss at least 22% of tackles. The previous season-low missed tackle percentage came at Tulsa when Oklahoma State missed only 8%. What could have been a nice moment for a defense that earned a lot of criticism this year disappeared when Oklahoma State gave up a 12-yard run to quarterback Behren Morton on third-and-11. That was just one of 14 third-down conversions the Cowboys gave up on Saturday, making it a season-worst showing. The Red Raiders 64% conversion rate, although TCU and Arizona State also converted at least 60%. After the game, Gundy was so frustrated that he mentioned his third down defense four times in his opening statement before circling back to criticize that unit later. “If you get off the field on third down, 22 third downs, then they're not going to have 92 plays,” Gundy said. “They're going to have about 78 and you’ll see a different game.” Preparing for Colorado The numbers got better, but preparing over a short week for an offense that boasts two likely first-round draft picks in quarterback Shedeur Sanders and receiver Travis Hunter is another situation entirely. Well, except for when it comes time to stop the run. Colorado averages 2.8 yards per carry, ranking 132nd in the nation. Points scored: 32nd in FBS (32.9 points per game) Yards per play: 50th (6.06) Third down: 57th (41.3%) Fourth down: 115th (42.1% success) Yards per carry: 132nd (2.77)
Decoding Wells Fargo's Options Activity: What's the Big Picture?
NEW YORK (AP) — U.S. stocks rose to records Tuesday after Donald Trump’s latest talk about tariffs created only some ripples on Wall Street, even if they could roil the global economy were they to take effect. The S&P 500 climbed 0.6% to top the all-time high it set a couple weeks ago. The Dow Jones Industrial Average added 123 points, or 0.3%, to its own record set the day before, while the Nasdaq composite gained 0.6% as Microsoft and Big Tech led the way. Stock markets abroad mostly fell after President-elect Trump said he plans to impose sweeping new tariffs on Mexico, Canada and China once he takes office. But the movements were mostly modest. Stock indexes were down 0.1% in Shanghai and nearly flat in Hong Kong, while Canada’s main index edged down by less than 0.1%. Trump has often praised the use of tariffs , but investors are weighing whether his latest threat will actually become policy or is just an opening point for negotiations. For now, the market seems to be taking it more as the latter. The consequences otherwise for markets and the global economy could be painful. Unless the United States can prepare alternatives for the autos, energy products and other goods that come from Mexico, Canada and China, such tariffs would raise the price of imported items all at once and make households poorer, according to Carl Weinberg and Rubeela Farooqi, economists at High Frequency Economics. They would also hurt profit margins for U.S. companies, while raising the threat of retaliatory tariffs by other countries. And unlike tariffs in Trump’s first term, his latest proposal would affect products across the board. General Motors sank 9%, and Ford Motor fell 2.6% because both import automobiles from Mexico. Constellation Brands, which sells Modelo and other Mexican beer brands in the United States, dropped 3.3%. The value of the Mexican peso fell 1.8% against the U.S. dollar. Beyond the pain such tariffs would cause U.S. households and businesses, they could also push the Federal Reserve to slow or even halt its cuts to interest rates. The Fed had just begun easing its main interest rate from a two-decade high a couple months ago to offer support for the job market . While lower interest rates can boost the economy, they can also offer more fuel for inflation. “Many” officials at the Fed’s last meeting earlier this month said they should lower rates gradually, according to minutes of the meeting released Tuesday afternoon. The talk about tariffs overshadowed another mixed set of profit reports from U.S. retailers that answered few questions about how much more shoppers can keep spending. They’ll need to stay resilient after helping the economy avoid a recession, despite the high interest rates imposed by the Fed to get inflation under control. A report on Tuesday from the Conference Board said confidence among U.S. consumers improved in November, but not by as much as economists expected. Kohl’s tumbled 17% after its results for the latest quarter fell short of analysts’ expectations. CEO Tom Kingsbury said sales remain soft for apparel and footwear. A day earlier, Kingsbury said he plans to step down as CEO in January. Ashley Buchanan, CEO of Michaels and a retail veteran, will replace him. Best Buy fell 4.9% after likewise falling short of analysts’ expectations. Dick’s Sporting Goods topped forecasts for the latest quarter thanks to a strong back-to-school season, but its stock lost an early gain to fall 1.4%. Still, more stocks rose in the S&P 500 than fell. J.M. Smucker had one of the biggest gains and climbed 5.7% after topping analysts’ expectations for the latest quarter. CEO Mark Smucker credited strength for its Uncrustables, Meow Mix, Café Bustelo and Jif brands. Big Tech stocks also helped prop up U.S. indexes. Gains of 3.2% for Amazon and 2.2% for Microsoft were the two strongest forces lifting the S&P 500. All told, the S&P 500 rose 34.26 points to 6,021.63. The Dow gained 123.74 to 44,860.31, and the Nasdaq composite climbed 119.46 to 19,174.30. In the bond market, Treasury yields held relatively steady following their big drop from a day before driven by relief following Trump’s pick for Treasury secretary. The yield on the 10-year Treasury inched up to 4.29% from 4.28% late Monday, but it’s still well below the 4.41% level where it ended last week. In the crypto market, bitcoin continued to pull back after topping $99,000 for the first time late last week. It’s since dipped back toward $91,000, according to CoinDesk. It’s a sharp turnaround from the bonanza that initially took over the crypto market following Trump’s election. That boom had also appeared to have spilled into some corners of the stock market. Strategists at Barclays Capital pointed to stocks of unprofitable companies, along with other areas that can be caught up in bursts of optimism by smaller-pocketed “retail” investors. AP Business Writer Elaine Kurtenbach contributed. Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission. Subscribe to stay connected to Tucson. A subscription helps you access more of the local stories that keep you connected to the community. The business news you need Get the latest local business news delivered FREE to your inbox weekly.Middle East latest: Syrians celebrate Assad's fall as US seeks a peaceful political transition
SANTA CLARA, Calif. (AP) — San Francisco 49ers quarterback Brock Purdy will miss Sunday's game against the Green Bay Packers with a sore throwing shoulder. Purdy injured his right shoulder in last Sunday's loss to the Seattle Seahawks . Purdy underwent an MRI that showed no structural damage but the shoulder didn't improve during the week and Purdy was ruled out for the game. Coach Kyle Shanahan said star defensive end Nick Bosa also will miss the game with injuries to his left hip and oblique. Left tackle Trent Williams is questionable with an ankle injury and will be a game-time decision. This will be the first time Purdy has missed a start because of an injury since taking over as the 49ers’ quarterback in December 2022. Brandon Allen will start in his place. The Niners (5-5) are currently in a three-way tie for second in the NFC West, a game behind first-place Arizona, and have little margin for error if they want to get back to the playoffs after making it to the Super Bowl last season. Purdy has completed 66% of his passes this season for 2,613 yards, 13 TDs, eight interceptions and a 95.9 passer rating that is down significantly from his league-leading mark of 113 in 2023. Allen has been mostly a backup since being drafted by Jacksonville in 2016. Allen last started a game in Week 18 of the 2021 season for Cincinnati and has thrown just three passes the last three seasons — including none since joining San Francisco in 2023. Joshua Dobbs will be the backup on Sunday. AP NFL: https://apnews.com/hub/NFL