Business
The House votes for possible TikTok ban in the US, but don’t expect the app to go away anytime soon
By Mary Clare Jalonick And Haleluya Hadero, The Associated Press on April 20th, 2024
WASHINGTON (AP) – The House passed legislation Saturday that would ban TikTok in the United States if the popular social media platform’s China-based owner doesn’t sell its stake within a year, but don’t expect the app to go away anytime soon. The decision by House Republicans to include TikTok as part of a larger foreign ... Read More »
Be the first to comment!Tim Hortons says proposed Roll Up the Rim class action suit has no merit
By The Canadian Press on April 20th, 2024
Tim Hortons says there’s no merit to a proposed class action lawsuit regarding emails it sent out in error to participants in its popular Roll Up the Rim promotion. LPC Avocat Inc. has launched a proposed class action suit, claiming about 500,000 customers received an email on April 17 saying they had won a boat ... Read More »
Be the first to comment!What’s a Barnacle? It’s yellow, sticks and screams if you try to pry it off your car
By Kelly Geraldine Malone, The Canadian Press on April 20th, 2024
Barnacles have appeared on vehicles in Saskatchewan’s capital, but they’re not sticky little water-dwelling crustaceans. The bright yellow devices, used to make sure parking scofflaws pay their tickets, could soon be making their way to other parts of the country. “You will see more and more Barnacles,” Colin Heffron, chairman of Barnacle Parking, said in ... Read More »
Be the first to comment!Senate passes reauthorization of key US surveillance program after midnight deadline
By Farnoush Amiri And Mary Clare Jalonick, The Associated Press on April 19th, 2024
WASHINGTON (AP) – After its midnight deadline, the Senate voted early Saturday to reauthorize a key U.S. surveillance law after divisions over whether the FBI should be restricted from using the program to search for Americans’ data nearly forced the statute to lapse. The legislation approved 60-34 with bipartisan support would extend for two years ... Read More »
Be the first to comment!Tennessee Volkswagen employees overwhelmingly vote to join United Auto Workers union
By Kristin M. Hall And Tom Krisher, The Associated Press on April 19th, 2024
CHATTANOOGA, Tenn. (AP) – Employees at a Volkswagen factory in Chattanooga, Tennessee, overwhelmingly voted to join the United Auto Workers union Friday in a historic first test of the UAW’s renewed effort to organize nonunion factories. The union wound up getting 2,628 votes, or 73% of the ballots cast, compared with only 985 who voted ... Read More »
Be the first to comment!Bitcoin’s latest ‘halving’ has arrived. Here’s what you need to know
By Wyatte Grantham-philips, The Associated Press on April 19th, 2024
NEW YORK (AP) – The “miners” who chisel bitcoins out of complex mathematics are taking a 50% pay cut – effectively reducing new production of the world’s largest cryptocurrency, again. Bitcoin’s latest “halving” appeared to occur Friday night. Soon after the highly anticipated event, the price of bitcoin held steady at about $63,907. Now, all ... Read More »
Be the first to comment!Lululemon cutting over 100 jobs in Washington distribution centre closure
By The Canadian Press on April 19th, 2024
VANCOUVER – Lululemon Athletica Inc. says it is cutting more than 100 jobs as it plans to close a distribution centre in Washington state. It says some employees at the Sumner, Wash. centre will be retrained and relocated to other facilities, but that “just over” 100 positions with be eliminated because of the closure. The ... Read More »
Be the first to comment!TC Energy reduces pressure on pipeline segment as rupture investigation continues
By The Canadian Press on April 19th, 2024
CALGARY – TC Energy Corp. says it has reduced the pressure on a segment of its NGTL pipeline system in Alberta while an investigation continues into the cause of a rupture that occurred earlier this week. The Calgary-based pipeline company says it made the decision to reduce pressure on the segment out of an “abundance ... Read More »
Be the first to comment!S&P/TSX composite closes up nearly 100 points, U.S. stock markets mixed
By The Canadian Press on April 19th, 2024
TORONTO – Canada’s main stock index closed up nearly 100 points Friday, helped by strength in energy and financial stocks, while U.S. markets were mixed. The S&P/TSX composite index closed up 98.93 points at 21,807.37. In New York, the Dow Jones industrial average was up 211.02 points at 37,986.40. The S&P 500 index was down ... Read More »
Be the first to comment!Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
By Stan Choe, The Associated Press on April 19th, 2024
NEW YORK (AP) – The worst week for big technology stocks since the COVID crash in 2020 dragged Wall Street across the finish line of another losing week. The S&P 500 fell 0.9% Friday to close out its third straight losing week. The Nasdaq composite tumbled 2%. The Dow Jones Industrial Average, which has less ... Read More »
Be the first to comment!As inflation cools, Macklem says different countries will cut rates at own pace
By The Canadian Press on April 19th, 2024
WASHINGTON – Bank of Canada Governor Tiff Macklem says central banks will make monetary policy decisions geared toward their own economies, which means some countries may begin cutting interest rates before others. Macklem made the comments while speaking to reporters on the sidelines of International Monetary Fund meetings in Washington, D.C. today. The governor says ... Read More »
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