Business
S&P/TSX composite index rises in late-morning trading Tuesday, U.S. markets mixed
By The Canadian Press on July 30th, 2024
TORONTO – Gains in the financial and telecom sectors helped Canada’s main stock index rise in late-morning trading Tuesday, while U.S. stock markets were mixed. The S&P/TSX composite index was up 53.92 points at 22,833.49. In New York, the Dow Jones industrial average was up 46.69 points at 40,586.62. The S&P 500 index was down ... Read More »
Be the first to comment!Meta agrees to $1.4B settlement with Texas in privacy lawsuit over facial recognition, state says
By Nadia Lathan, The Associated Press on July 30th, 2024
AUSTIN, Texas (AP) – Meta has agreed to a $1.4 billion settlement with Texas in a privacy lawsuit over claims that the tech giant used biometric data of users without their permission, state officials said Tuesday. Texas Attorney General Ken Paxton said the settlement is the largest secured by a single state. In 2021, a ... Read More »
Be the first to comment!Microsoft seeing ‘access issues and degraded performance’ across some of its services
By The Canadian Press on July 30th, 2024
Microsoft is experiencing technical difficulties with some of its services. The tech giant says in a post on X that it is currently investigating “access issues and degraded performance” within its Microsoft 365 services and features. Its website says the impacts of the issues were being felt globally, including by users in Canada, who reported ... Read More »
Be the first to comment!U.S. job openings fall slightly to 8.2 million as high interest rates slowly cool a hot labor market
By Paul Wiseman, The Associated Press on July 30th, 2024
WASHINGTON (AP) – U.S. job openings fell slightly last month, a sign that the American labor market continues to cool in the face of high interest rates. There were 8.18 million job vacancies in June, down from 8.23 million in May, the Labor Department reported Tuesday. The June number was stronger than expected: Forecasters had ... Read More »
Be the first to comment!U.S. job openings fall slightly to 8.2 million as high interest rates continue to cool labor market
By Paul Wiseman, The Associated Press on July 30th, 2024
WASHINGTON (AP) – U.S. job openings fell slightly last month, a sign that the American labor market continues to cool in the face of high interest rates. There were 8.18 million job vacancies in June, down from 8.23 million in May, the Labor Department reported Tuesday. The June number was stronger than expected: Forecasters had ... Read More »
Be the first to comment!American consumers feeling more confident in July as expectations of future improve
By Matt Ott, The Associated Press on July 30th, 2024
American consumers felt more confident in July as expectations over the near-term future rebounded. However, in a reversal of recent trends, feelings about current conditions weakened. The Conference Board, a business research group, said Tuesday that its consumer confidence index rose to 100.3 in July from a downwardly revised 97.8 in June. The index measures ... Read More »
Be the first to comment!U.S. job openings fall slightly to 8.2 million, sign that high rates continue to cool labor market
By Paul Wiseman, The Associated Press on July 30th, 2024
WASHINGTON (AP) – U.S. job openings fell slightly last month, a sign that the American labor market continues to cool in the face of high interest rates. There were 8.18 million job vacancies in June, down from 8.23 million in May, the Labor Department reported Tuesday. The U.S. economy and job market have proven remarkably ... Read More »
Be the first to comment!The key to successfully merging your finances with a partner, according to experts
By Ritika Dubey, The Canadian Press on July 30th, 2024
Entering the next stage of a relationship can be exciting but when it comes to the financial part of your life together, experts suggest having an honest talk about money before packing your bags and moving in with your partner. A couple’s financial life begins once they become common law whether they have a joint ... Read More »
Be the first to comment!TC Energy signs deal to sell minority stake in pipeline to Indigenous groups
By The Canadian Press on July 30th, 2024
TC Energy Corp. says it has signed a $1 billion deal that will enable 72 Indigenous communities to take a minority stake in its Nova Gas transmission system and Foothills pipeline assets. The Calgary-based energy company says the agreement is Canada’s largest Indigenous equity ownership agreement. The deal is backed by the Alberta Indigenous Opportunities ... Read More »
Be the first to comment!Chorus Aviation sells regional aircraft leasing segment in $1.9 billion deal
By The Canadian Press on July 30th, 2024
HALIFAX – Chorus Aviation Inc. says it will sell its regional aircraft leasing segment in a deal valued at $1.9 billion. Halifax-based Chorus says the buyers are the affiliates of investment funds managed by HPS Investment Partners, a New York firm. The $1.9 billion offer from the affiliates is made up of $814 million in ... Read More »
Be the first to comment!Bread-fixing settlement delivers $253 million hit to George Weston Q2 results
By The Canadian Press on July 30th, 2024
TORONTO – George Weston Ltd. says a recent settlement it reached in the bread price-fixing class actions it faced had a $253 million impact on its second-quarter net earnings. The company, which holds a majority interest in grocer Loblaw Cos. Ltd., says its net earnings amounted to $667 million in the period ended June 15. ... Read More »
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