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The Latest Breaking News from RBC

Russia’s economy minister warns that the country is on the brink of recession

Russia’s economy has been hit with a slew of sanctions after the Kremlin sent troops into Ukraine

The Independent UK

Why Sarepta Therapeutics And Other Genetics Stocks Just Got A Sizable Boost

Shares of gene therapy companies — including Sarepta Therapeutics — got a lift Monday after FDA's Marty Makary laid out his plans.

Investors Business Daily

This Little-Known Stock Could Be One of the Best Recession-Proof Investments Now

RBC flags this biopharma stock as recession-ready, with stellar upside potential hiding in plain sight.

Barchart

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What is behind Putin’s arrest of Russian billionaire Vadim Moshkovich

Rusagro has a head office in the Belgorod region, which borders Ukraine and is subject to frequent attacks

The Independent UK

BYD Just Took Another Shot at Tesla Stock. How Should You Play TSLA Here?

BYD announced new charging technology that it claims is miles ahead of Tesla. Is it time to cut exposure to Tesla stock in 2025?

Barchart

UK regulator fines four banks £100m over traders’ sharing of information

HSBC, Citi and Morgan Stanley among five banks CMA investigated for competition law breaches between 2009 and 2013

The Guardian - UK

GE Vernova Pops To High As Troubled Wind Energy Unit Improves

The GE Vernova energy spinoff saw its wind energy business turn a corner.

Investors Business Daily

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1 Dividend Stock to Snag for Robust Free Cash Flows

This gold miner just made a game-changing acquisition that could boost its free cash flow, making its dividend-paying stock a top pick for investors eyeing big returns.

Barchart

Should You Follow Activist Investors Into This Dividend Stock?

Activist investor Elliott Investment is eyeing this dividend-paying industrial stock.

Barchart

Ukraine fires first US-made long-range missiles into Russia

Moscow claims it will consider nuclear response for attacks on its territory with Western weapons

The Independent UK

S.T.A.L.K.E.R. 2 could be banned in Russia, and players could face criminal charges — Russian government will evaluate whether the game contains anti-Russian sentiments or terrorism justification

According to RBC-Ukraine News, the Russian government is considering banning Stalker 2.

Tom’s Hardware

Lloyds shareholders could take £1bn hit over car finance crisis

Analysts forecast bank will have to halve £2bn buyback plan, as ex-boss of City regulator blames watchdog for crisis

The Guardian - UK

Russian court reportedly fines Google 2 undecillion roubles for blocking 17 state TV channels — equates to $20.5 decillion USD, Russian media report

RBC reports (Russian language) that the court fined Google "2 undecillion roubles" for blocking access to 17 Russian TV channels.

Tom’s Hardware

Tesla's Big Robotaxi Reveal Is Almost Here. Why Uber, Lyft Are 'Bracing For Impact.'

Uber stock could be moved by Tesla's robotaxi reveal event Thursday but impact will depend on how much detail Musk provides.

Investors Business Daily

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International Business Times UK

Tesla Day Trader Loses Entire $306M Fortune, Sues Canadian Bank For 'Misleading' Financial Advice

Christopher DeVocht from British Columbia alleges that RBC didn't acknowledge his limited financial acumen and advised him to donate millions to charities and trade using a margin account via a new holding company to avoid taxes.

Fortune

Will Norfolk Southern claw back fired CEO Alan Shaw's pay?

Major companies have recently adopted measures to recoup pay from executives after misconduct or behavior that causes reputational harm.

Fortune

RBC appoints 'highly respected' 22-year company veteran as CFO in wake of alleged affair scandal

Katherine Gibson, the new finance chief, has served as interim CFO since April.

Fortune

RBC CEO Dave McKay says Canada's uncompetitive tax regime put it on 'the wrong path'

He called for tax reform and tighter ties with the U.S.

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Top News

Pro-Palestinian Protesters Disrupt Toronto Film Festival Opening

Pro-Palestinian protesters disrupt Toronto film festival screening, criticizing RBC sponsorship.

The Independent UK

Pro-Palestinian protesters disrupt opening night of Toronto Film Festival

Pro-Palestinian protesters disrupted an opening night screening at the Toronto International Film Festival, chanting “Stop the genocide!”

Fortune

A decade of ‘I love you’ texts led to 2 execs’ firings. Now a bank wants to claw back millions in pay

The former CFO of Royal Bank of Canada had an inappropriate relationship with an employee, the bank claims.

Fortune

RBC countersues fired CFO for 'personal relationship,' bank claims it supported her career

The counterclaim reveals more details in connection to allegations against Nadine Ahn.

Fortune

Fired CFO says RBC ended her chance of being first female CEO

"A CFO’s integrity must be beyond reproach," according to RBC

The Guardian - UK

Mark Rylance among actors calling on Old Vic to cut links with fossil fuel investor

Paapa Essiedu and Stephen Dillane also sign open letter urging theatre to end Royal Bank of Canada’s support over its shares in fuel and arms

Fortune

History shows stocks go up after Wall Street’s fear index hits these levels, argues RBC

Data suggests once the VIX breaks above 35 points, the S&P 500 index has historically rallied by nearly 29% on average over the following twelve months.

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