Dow Jones Industrial Average (DOG)
There once was a country called the U-S-A
That lost the big game, we are “sorry” to say
Now their stock market’s falling
And people are bawling
“This isn’t good news for my 401(k)!”
TFI International Inc. (DOG)
TFII - TSX
Jack-knifed semi on the interstate! Shares of TFI International skidded off the road and into the ditch after the trucking company posted a 31-per-cent drop in adjusted net income for the fourth quarter, as reduced volumes, weaker demand and high costs at certain subsidiaries hurt results. “Q4 was a disaster for us,” said Alain Bédard, TFI’s chairman and CEO. Mr. Bédard now plans to move the Canadian company’s headquarters to the United States, where he believes the Trump administration “will do a great job … so to me, it’s time to invest in the U.S.” Don’t let the tailgate hit you on the way out.
Manulife Financial Corp. (STAR)
MFC - TSX
Business quiz! Shares of Manulife Financial posted their biggest gain in more than a year after Canada’s largest life insurer: a) reported core earnings of $1.91-billion for the fourth quarter, up 6 per cent from a year earlier, driven by growth in its wealth and asset management businesses and its operations in Canada and Asia; b) used new artificial intelligence tools to help agents and advisers bring in more business from clients and improve productivity; c) raised its dividend by 10 per cent; d) all of the above. Answer: d.
Bumble Inc. (DOG)
BMBL - Nasdaq
Talk about a bad date. Investors in Bumble got up and left abruptly after the dating app operator reported that fourth-quarter revenue fell 4.4 per cent from a year earlier as the number of paying users dropped by 57,000 from the previous quarter. Struggling to reverse the slide in its stock price, which has plunged 87 per cent since the company’s IPO in 2021, Bumble has been cutting costs and plans to discontinue its Fruitz and Official dating apps as company founder Whitney Wolfe Herd prepares to return as CEO in March. It’s not you, Bumble. It’s just … actually, it is you.
Nikola Corp. (DOG)
NKLA - Nasdaq
Nikola’s battery just died – for good. The former Wall Street darling, which once boasted a market value bigger than Ford’s at US$30-billion, became the latest electric vehicle startup to file for Chapter 11 bankruptcy protection, and it now plans to auction off its assets. Since a scandal led to its founder being convicted of fraud in 2022, the company has been dogged by product recalls, dwindling cash levels and lower-than-expected production, with just 600 trucks in total rolling off its assembly lines. If you’ve been waiting for an opportunity to start your own EV company, now’s your chance to pick up some assets on the cheap.