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The Latest Breaking News from RBC

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

From analysis to the latest developments in health,
read the most diverse news in one place.

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.

International Business Times UK

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.

Fortune

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Pro-Palestinian Protesters Disrupt Toronto Film Festival Opening

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

Top News

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!”

The Independent UK

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

Analysts reset Uber stock forecast after General Motors deal

Here's what could happen next to Uber shares.

The Street

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

Fortune

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

The Guardian - UK

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news in one place.

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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.

Barchart

1 Biotech Stock Under $10 That Could Surge 420%

Down 84% from all-time highs, Compass Pathways is a beaten-down biotech stock that trades at a massive discount to consensus price target estimates in 2024.

The Street

Analysts prescribe new Walgreens stock price targets after earnings

This is what could happen next to Walgreens shares.

Barchart

Grab This Lithium Stock Now for Massive Growth Potential

As lithium prices look to form a meaningful recovery, this newly created integrated lithium giant presents substantial upside potential.

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Barchart

Palo Alto Networks Stock Still Looks Cheap to Analysts - Shorting OTM Puts Makes Sense Here

Palo Alto Networks stock is still undervalued according to analysts' price targets. It continues to make sense to short out-of-the-money put options for investors to gain income and set a buy-in target.

The Street

Analysts weigh in Tesla stock price target, deliveries and robotaxis

This is what could happen next to Tesla shares.

The Street

Analysts reset Tesla stock price target ahead of Elon Musk's 'Master Plan 4'

This is what could happen next to Tesla shares.

Tom’s Hardware

Russia continues work on homegrown game console despite technology and scale issues

Russian ministry began to search for a company that would develop a domestic game console, or at least a Steam Deck analog.

Barchart

Buy the Dip in This Biotech After Negative FDA News, Says Analyst

MindMed is a high-flying pre-revenue company that has more than doubled investor returns in the last 12 months.

USA Today Sports Media Group

Robert MacIntyre didn’t like the buzzing of the CBS drone one bit and let them know at 2024 RBC Canadian Open

The big wasp in the sky failed to sting MacIntyre on Sunday.

USA Today Sports Media Group

RBC Canadian Open 2024 Saturday third round tee times, PGA Tour pairings and how to watch

The purse this week is $9.1 million with $1.638 million going to the winner.

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