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‘Some Crash, Some Crisis’: It Was a Great Media Ride, But Brexit is no Market Killer

As the world marks the first week anniversary of last Thursday’s Brexit vote, it’s time for a review of the carnage — the record-setting demolition of trillions in market value, the Lehman Brothers-like tipping point to financial meltdown, the currency devaluations, the portents of recession and global economic crises — all the stuff that didn’t happen. It was a great …

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Advice for a 20-year-old With $40,000 a Year to Save: Mayers

Anthony Molinaro has a problem most people his age would envy. He’s 20, a full-time student and also working a full-time job that pays him $50,000 a year. The problem? What to do with the cash. At a time when young people find it hard to pay for their education and find work, Anthony is a good example of how …

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Winning Over the Savvy Shopper

It’s no secret that Canadians love deals. The chaos of Black Friday and Boxing Day are prime examples, but everyday sales and special promotions can be an irresistible draw for shoppers as well. In fact, according to a recent survey commissioned by Queen’s University’s Smith School of Business, 91 per cent of Canadians admit they receive “great happiness or pleasure” …

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We Don’t Need to Die a Little When Others Succeed: Mayers

Every time a friend of mine succeeds I die a little, goes a saying often attributed to the American writer Gore Vidal. The quip is about the nature of jealousy and the psychology of insecurity among successful people, but I’ve seen it applied over and over in this small corner of the world that relates to personal finance. It most …

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David Cameron Paid the Price For His Bad Bet

A politician seemingly possessed of a shrewd calculating nature, British Prime Minister David Cameron must have decided with intent that the London headquarters of Bloomberg would be the appropriate venue to commit to an in-out referendum. Yet for all his political wiles (now shredded), Cameron exposed himself as a business neophyte in an arena noted for its ruthless hunting down …

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Volkswagen Reaches $14.7B Deal to Settle Emissions Scandal: Reports

SAN FRANCISCO—Volkswagen would repair or buy back polluting diesel vehicles and pay each owner as much as $10,000 (U.S.) under a $14.7 billion deal the carmaker has reached to settle lawsuits stemming from its emissions cheating scandal, a person briefed on the settlement talks said Monday. The figure would be the largest auto scandal settlement in U.S. history and a …

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Volkswagen Agrees to Landmark $15.3-Billion Emissions Settlement in U.S.

Volkswagen AG has agreed to pay as much as $15.3 billion (U.S.) to settle consumer lawsuits and U.S. government allegations that it used illegal software to defeat emissions testing — while, in Canada, parties to class actions are expected to offer a progress report to the courts by July 29. “Our hope is to provide remedies to Canadians on pace …

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Ikea recalls 29 Million Dressers After 6 Children Killed

BURLINGTON, ONT.—Ikea has issued a Canadian recall notice for millions of chests of drawers that can tip over — a safety hazard that has been linked to the deaths of six children in the United States over several years, as well as dozens of injuries. The Swedish furniture multinational says it will repair or pay a refund for chests of …

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Fiat Chrysler Gearshifts Involved in 266 Crashes, Probe Finds

DETROIT—A U.S. government investigation into confusing gear shifters like the one in the SUV that crushed and killed Star Trek actor Anton Yelchin found 266 crashes that injured 68 people. The numbers are in documents posted Tuesday on the U.S. National Highway Traffic Safety Administration website. The agency closed the investigation last Friday after Fiat Chrysler agreed to recall 1.1 …

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Takata CEO to Resign After Company Restructures

Takata Corp. chief executive officer Shigehisa Takada signalled his intention to step down after the airbag supplier completes a restructuring made necessary by the biggest recall in the history of the automotive industry. Takada, the grandson of the company’s founder, said Tuesday he will hand off his job to someone else after the company finds a way to overcome its …

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