March 4th, 2024

Business

OECD forecast: High rates, 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 »

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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 »

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Taylor 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 »

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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 »

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Reality 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 »

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S&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 »

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S&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 »

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Quebecor 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 PĂ©ladeau confirmed that his company, which owns Videotron, viewed the ... Read More »

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Stocks 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 »

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Consumers 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 »

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