Business
OECD forecast: High rates and inflation to slow world growth
By Paul Wiseman, The Associated Press on November 22nd, 2022
Hobbled by high interest rates, punishing inflation and Russia’s war against Ukraine, the world economy is expected to eke out only modest growth this year and to expand even more tepidly in 2023. That was the sobering forecast issued Tuesday by the Paris-based Organization for Economic Cooperation and Development. In the OECD’s estimation, the world ... Read More »
1 responseTaylor Swift ticket trouble could drive political engagement
By Brooke Schultz, The Associated Press on November 22nd, 2022
Some of Taylor Swift’s fans want you to know three things: They’re not still 16, they have careers and resources and, right now, they’re angry. That’s a powerful political motivator, researchers say. Look what Ticketmaster made them do. It started Tuesday, when millions crowded a presale for Swift’s long-awaited Eras Tour, resulting in crashes, prolonged ... Read More »
Be the first to comment!Reality TV’s Chrisleys get hefty sentences in fraud case
By Kate Brumback, The Associated Press on November 21st, 2022
ATLANTA (AP) – Reality TV stars Todd and Julie Chrisley were sentenced Monday to lengthy prison terms after being convicted earlier this year on charges including bank fraud and tax evasion. U.S. District Judge Eleanor Ross in Atlanta gave Todd Chrisley 12 years in prison, while Julie Chrisley got seven years behind bars, according to ... Read More »
1 responseReality TV’s Chrisleys sentenced for bank fraud, tax evasion
By Kate Brumback, The Associated Press on November 21st, 2022
ATLANTA (AP) – Reality TV stars Todd and Julie Chrisley were sentenced Monday to lengthy prison terms after being convicted earlier this year on charges including bank fraud and tax evasion. U.S. District Judge Eleanor Ross in Atlanta gave Todd Chrisley 12 years in prison, while Julie Chrisley got seven years behind bars, according to ... Read More »
1 responseS&P/TSX composite barely budges at the close, U.S. markets slip
By Rosa Saba, The Canadian Press on November 21st, 2022
TORONTO – Canada’s main stock index barely slipped Monday, while markets in the U.S., especially the Nasdaq, were down more as tech stocks fell. The S&P/TSX composite index closed down 3.78 points at 19,977.13. In New York, the Dow Jones industrial average was down 45.41 points at 33,700.28.The S&P 500 index was down 15.40 points ... Read More »
3 responsesS&P/TSX composite closes down four points, U.S. markets slip
By The Canadian Press on November 21st, 2022
TORONTO – Canada’s main stock index barely slipped Monday, while markets in the U.S., especially the Nasdaq, were down more as tech stocks fell. The S&P/TSX composite index closed down 3.78 points at 19,977.13. In New York, the Dow Jones industrial average was down 45.41 points at 33,700.28.The S&P 500 index was down 15.40 points ... Read More »
1 responseQuebecor saw opportunity to expand footprint when Rogers-Shaw deal was announced
By The Canadian Press on November 21st, 2022
OTTAWA – Quebecor Inc. saw an opportunity for Videotron Ltd. to expand its footprint nationally when Rogers Communications Inc.’s $26-billion proposed takeover of Shaw Communications Inc. was announced in March 2021. In cross examination during the hearing on the deal Monday, Quebecor CEO Pierre Karl Péladeau confirmed that his company, which owns Videotron, viewed the ... Read More »
2 responsesStocks end lower on Wall Street as tech weighs down Nasdaq
By Damian J. Troise And Alex Veiga, The Associated Press on November 21st, 2022
NEW YORK – Stocks ended lower on Wall Street at the beginning of a holiday-shortened week. The S&P 500 fell 0.4% Monday, while drops in tech companies helped pull the Nasdaq down 1.1%. The Dow Jones Industrial Average held up better, ending down just 0.1%. The Dow benefited from a big gain in Disney, which ... Read More »
1 responseConsumers could pay price if railroads, unions can’t agree
By Josh Funk, The Associated Press on November 21st, 2022
OMAHA, Neb. (AP) – Consumers could see higher gas prices and shortages of some of their favorite groceries during the winter holiday season if railroads and all of their unions can’t agree on new contracts by an early-December deadline that had already been pushed back. The likelihood of a strike that could paralyze the nation’s ... Read More »
1 responseBob Dylan publisher sorry for $600 book’s replica autographs
By The Associated Press on November 21st, 2022
NEW YORK (AP) – Bob Dylan’s publisher is offering refunds for a $600 special edition of his new book, “The Philosophy of Modern Song,” acknowledging that the allegedly “hand-signed” copies were not individually inscribed. “To those who purchased THE PHILOSOPHY OF MODERN SONG limited edition, we want to apologize,” Simon & Schuster announced in a ... Read More »
1 responseSmith Financial to buy Home Capital Group as mortgage industry under strain
By Ian Bickis, The Canadian Press on November 21st, 2022
TORONTO – Mortgage lender Home Capital Group Inc. has agreed to be bought by Smith Financial Corp. in a deal that values the company at $1.7 billion as the sector feels the strain from rising interest rates and economic uncertainty. Under the agreement, Smith Financial said Monday it will pay $44 in cash per share ... Read More »
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