By Elaine Kurtenbach And Matt Ott, The Associated Press on April 11th, 2024
NEW YORK (AP) – U.S. stocks are holding firmer, a day after tumbling on worries that interest rates may stay high for a while. The S&P 500 was up 0.2% early Thursday. The Dow rose 56 points, and the Nasdaq composite was 0.4% higher. In the bond market, which has been driving much of Wall ... Read More »
Be the first to comment!By The Canadian Press on April 11th, 2024
TORONTO – Movie theatre company Cineplex Inc. says its box office revenue for March was up 46 per cent compared with a year ago, helped by “Dune: Part Two” and “Kung Fu Panda 4.” The company says its box office revenue totalled $59.2 million for the month, up from $40.6 million in the same month ... Read More »
Be the first to comment!By Paul Wiseman, The Associated Press on April 11th, 2024
WASHINGTON (AP) – U.S. producer prices rose rose in March from a year earlier at the fastest pace in nearly a year, but the gain was less than economists expected. And wholesale inflation eased on a month to month basis. The Labor Department said Thursday that its producer price index – which measures inflationary pressure ... Read More »
Be the first to comment!By Paul Wiseman, The Associated Press on April 11th, 2024
WASHINGTON (AP) – U.S. producer prices rose in March from a year earlier at the fastest pace in nearly a year, offering more evidence that progress against inflation may have stalled this year and raising doubts about the timing of any interest rate cut from the Federal Reserve. The Labor Department said Thursday that its ... Read More »
Be the first to comment!By Matt Ott, The Associated Press on April 11th, 2024
WASHINGTON (AP) – Fewer Americans applied for jobless benefits last week as the labor market continues to thrive despite the Federal Reserve’s efforts to cool it. The Labor Department reported Thursday that filings for unemployment claims for the week ending April 6 fell by 11,000 to 211,000 from the previous week’s 222,000. The four-week average ... Read More »
Be the first to comment!By David Mchugh, The Associated Press on April 11th, 2024
FRANKFURT, Germany (AP) – The European Central Bank left its key interest rate benchmark unchanged Thursday, choosing to wait for confirmation that rapidly receding inflation is firmly under control before cutting rates to support an economy that’s struggling to grow. The bank’s rate-setting council said in its post-decision statement that, “Most measures of underlying inflation ... Read More »
Be the first to comment!By The Canadian Press on April 11th, 2024
TORONTO – A new poll done for CIBC says 76 per cent of Canadians who don’t own a property say entry to the housing market feels out of reach. The bank says the online survey done in February found that 70 per cent of non-owners cited overpriced markets as one of the main barriers to ... Read More »
Be the first to comment!By Aniruddha Ghosal, The Associated Press on April 11th, 2024
HANOI, Vietnam (AP) – Real estate tycoon Truong My Lan was sentenced Thursday to death by a court in Ho Chi Minh City in southern Vietnam in the country’s largest financial fraud case ever, state media Vietnam Net said. The 67-year-old chair of the real estate company Van Thinh Phat was formally charged with fraud ... Read More »
Be the first to comment!By Associated Press, The Associated Press on April 11th, 2024
BEIJING (AP) – China on Thursday announced rare sanctions against two U.S. defense companies over what it said is their support for arms sales to Taiwan, the self-governing island democracy Beijing claims as its own territory to be recovered by force if necessary. The announcement freezes the assets of General Atomics Aeronautical Systems and General ... Read More »
Be the first to comment!By Associated Press, The Associated Press on April 11th, 2024
BEIJING (AP) – China on Thursday announced sanctions against two U.S. companies over what it says is their support for arms sales to Taiwan, the self governing island democracy Beijing claims as its own territory to be recovered by force if necessary. The announcement freezes the assets of General Atomics Aeronautical Systems and General Dynamics ... Read More »
Be the first to comment!By Aniruddha Ghosal, The Associated Press on April 11th, 2024
HANOI, Vietnam (AP) – Real estate tycoon Truong My Lan was sentenced Thursday to death by a court in Ho Chi Minh city in southern Vietnam in the country’s largest financial fraud case ever, state media Thanh Nien said. The 67-year-old chair of the real estate company Van Thinh Phat was accused of fraud amounting ... Read More »
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