Business
Cautious optimism for federal plan to let rent count toward credit scores
By The Canadian Press on March 28th, 2024
TORONTO – Companies that already offer ways to allow rent payments to count toward credit scores are welcoming the plan by the federal government to make the practice more widespread. Andrew Graham, chief executive of Borrowell, says he was pleased to see the government move forward on what is an important way to help consumers ... Read More »
Be the first to comment!It’s a bittersweet Easter for chocolate lovers and African cocoa farmers but big brands see profits
By Francis Kokutse And Jesssica Donati, The Associated Press on March 28th, 2024
ACCRA, Ghana (AP) – Shoppers may get a bitter surprise in their Easter baskets this year. Chocolate eggs and bunnies are more expensive than ever as changing climate patterns eat into global cocoa supplies and the earnings of farmers in West Africa. About three-quarters of the world’s cocoa – the main ingredient in chocolate – ... Read More »
Be the first to comment!Biden administration restores threatened species protections dropped by Trump
By Matthew Brown, The Associated Press on March 28th, 2024
BILLINGS, Mont. (AP) – The Biden administration on Thursday restored rules to protect imperiled plants and animals that had been rolled back back under former President Donald Trump. Among the changes announced, the U.S. Fish and Wildlife Service will reinstate a decades-old regulation that mandates blanket protections for species newly classified as threatened. The blanket ... Read More »
Be the first to comment!Mild winter wreaks havoc on BRP snowmobile sales, as Ski-Doo maker cuts production
By Christopher Reynolds, The Canadian Press on March 28th, 2024
North America’s warmest winter on record put a chill on snowmobile sales at BRP Inc., which saw profits plummet last quarter as a result. “I have been in the business for a long time and saw several challenging seasons. But it’s the first time that I’ve seen such difficult conditions,” said CEO José Boisjoli. “For ... Read More »
Be the first to comment!Fallen crypto mogul Sam Bankman-Fried sentenced to 25 years in prison
By Ken Sweet And Larry Neumeister, The Associated Press on March 28th, 2024
NEW YORK (AP) – Crypto entrepreneur Sam Bankman-Fried was sentenced Thursday to 25 years in prison for a massive fraud that unraveled with the collapse of FTX, once one of the world’s most popular platforms for exchanging digital currency. Bankman-Fried, 32, was convicted in November of fraud and conspiracy – a dramatic fall from a ... Read More »
Be the first to comment!Dethroned crypto king Sam Bankman-Fried to be sentenced for defrauding FTX investors
By Ken Sweet And Larry Neumeister, The Associated Press on March 28th, 2024
NEW YORK (AP) – A judge said Thursday that federal sentencing guidelines call for former crypto mogul Sam Bankman-Fried to spend the rest of his life in prison, but he’ll order a sentence of less than life once he decides the penalty Bankman-Fried must pay for his role in the 2022 collapse of FTX, once ... Read More »
Be the first to comment!Don’t let the new car smell go to your head when borrowing to buy a car
By Craig Wong, The Canadian Press on March 28th, 2024
OTTAWA – The thrill of driving a new car off a dealer’s lot is appealing, but experts warn not to let the new car smell go to your head when it comes to borrowing money to make it happen. Mark Kalinowski, a credit counsellor and financial educator at the Credit Counselling Society, says you need ... Read More »
Be the first to comment!Norwegians facing a shortage as Easter nears are hoarding eggs from neighboring Sweden
By The Associated Press on March 28th, 2024
HELSINKI (AP) – A shortage of eggs in shops during Holy Week has led Norwegians to flock to supermarkets across the border in Sweden and hoard the traditional Easter food. Norwegian news outlet Nettavisen said Thursday that the Nordby shopping center in Sweden, located just off the border about 100 kilometers (62 miles) south of ... Read More »
Be the first to comment!Stock market today: Wall Street holds steady as market heads toward another winning month
By Elaine Kurtenbach, The Associated Press on March 28th, 2024
NEW YORK (AP) – Stocks are holding relatively steady as Wall Street coasts into the close of its latest winning month and quarter. The S&P 500 was little changed early Thursday after setting an all-time high the day before. It’s roared roughly 10% in the first three months of the year as the market continues ... Read More »
Be the first to comment!Applications for US unemployment benefits dip to 210,000 in strong job market
By The Associated Press on March 28th, 2024
NEW YORK (AP) – The number of Americans signing up for unemployment benefits fell slightly last week, another sign that the labor market remains strong and most workers enjoy extraordinary job security. Jobless claims dipped by 2,000 to 210,000, the Labor Department reported Thursday. The four-week average of claims, which smooths out week-to-week ups and ... Read More »
Be the first to comment!What to know about the cargo ship Dali, a mid-sized ocean monster that took down a Baltimore bridge
By Nick Perry, The Associated Press on March 28th, 2024
Here’s what to know about the cargo ship Dali that crashed into Baltimore’s Francis Scott Key Bridge, causing it to collapse and leaving six bridge construction workers presumed dead. MONSTERS OF THE OCEAN If stood upright, the Dali would reach almost to the top of the Eiffel Tower in Paris or about two-thirds of the ... Read More »
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