May 26th, 2024

Business

Stocks open higher after wholesale inflation eases in US

By Damian J. Troise, Joe Mcdonald And Matt Ott, The Associated Press on November 15th, 2022

NEW YORK (AP) – Wall Street is opening higher after the government reported another decline in the pace of wholesale price inflation last month, the latest glimpse of hope that inflationary pressures in the U.S. might be easing. The S&P 500 index was up 1.7% in the early going Tuesday and the tech-heavy Nasdaq was ... Read More »

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Canadian October home sales up from September, first monthly increase since February

By The Canadian Press on November 15th, 2022

OTTAWA – The Canadian Real Estate Association says home sales in October posted their first monthly gain since February. The association says sales in October were up 1.3 per cent from September. It says sales were up on a month-over-month basis in October in 60 per cent of all local markets with Greater Vancouver up ... Read More »

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Statistics Canada says manufacturing sales unchanged in September at $70.4B

By The Canadian Press on November 15th, 2022

OTTAWA – Statistics Canada says manufacturing sales were unchanged in September at $70.4 billion. The agency says the result came as sales of durable goods rose 1.0 per cent to $34.1 billion, helped higher by an 11.1 per cent gain in aerospace product and parts. Meanwhile, sales of non-durable goods fell 0.9 per cent to ... Read More »

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Strike on Kyiv as Ukraine probes reports of Russian torture

By John Leicester, The Associated Press on November 15th, 2022

KYIV, Ukraine (AP) – Strikes hit residential buildings in the heart of Ukraine’s capital Tuesday, authorities said. Further south, officials announced probes of alleged Russian abuses in the newly retaken city of Kherson, including torture sites and enforced disappearances and detentions. Video published by a presidential aide showed a five-story, apparently residential building on fire ... Read More »

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Canadian Press NewsAlert: Canadian October home sales up from September

By The Canadian Press on November 15th, 2022

OTTAWA – The Canadian Real Estate Association says home sales in October were up 1.3 per cent from September, the first monthly gain since February. More coming... Read More »

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FTX deal to buy Canadian crypto platform Bitvo terminated

By The Canadian Press on November 15th, 2022

CALGARY – Canadian crypto trading platform Bitvo Inc. says its deal to be acquired by FTX, the crypto-exchange giant that collapsed last week and filed for bankruptcy, will not go ahead. The company says that “in light of recent events” that its shareholder, Pateno Payments Inc., terminated its agreement with FTX Canada Inc. and FTX ... Read More »

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With Russia’s retreat in Kherson, reports of abuses emerge

By John Leicester, The Associated Press on November 15th, 2022

KYIV, Ukraine (AP) – Ukrainian police and U.N. investigators said Tuesday they were looking into alleged Russian abuses in Kherson during eight months of occupation of the key southern city, including torture sites and enforced disappearances and detentions. The head of the U.N. human rights office’s monitoring mission in Ukraine, Matilda Bogner, decried a “dire ... Read More »

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US wholesale inflation eases to 8%, 4th straight slowdown

By Christopher Rugaber, The Associated Press on November 15th, 2022

WASHINGTON (AP) – Prices at the wholesale level rose 8% in October from 12 months earlier, the fourth straight decline and the latest sign that inflation pressures in the United States are easing from painfully high levels. On a monthly basis, the government said Tuesday that its producer price index, which measures costs before they ... Read More »

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Home Depot tops expectations again, but sticks by outlook

By The Associated Press on November 15th, 2022

ATLANTA (AP) – Home Depot easily topped expectations for both profit and revenue in the third quarter, but investors were spooked after the company stuck by projections it put out earlier this year. Shares of The Home Depot Inc. declined more than 2% before the market opened Tuesday. Profit rose 5.1% to $4.34 billion in ... Read More »

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Walmart puts up strong Q3, announces opioid settlement

By Anne D'innocenzio, The Associated Press on November 15th, 2022

NEW YORK (AP) – Walmart reported strong third quarter profits and revenue as more Americans seek to cut spending in face of high inflation. Also on Tuesday, Walmart agreed to pay $3.1 billion to settle lawsuits nationwide over the impact of prescriptions its pharmacies filled for powerful prescription opioid painkillers. The agreement must still be ... Read More »

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Apple launches emergency system for people who can’t access cell service

By Tara Deschamps, The Canadian Press on November 15th, 2022

TORONTO – As Canada’s top telecommunications companies face pressure to ensure Canadians can reach emergency responders in the event of a major outage, Apple is rolling out a new service that will accomplish just that. The Cupertino, Calif. tech giant says its new Emergency SOS system, available on iPhone 14 devices in Canada this week, ... Read More »

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