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- Can the Bank of Canada cut rates before the U.S.? What Macklem, economists sayby Craig Lord on May 2, 2024 at 6:45 pm
The Bank of Canada will be watching its counterpart south of the border carefully as it gauges when to start cutting its benchmark interest rate. Here’s why.
- Galen Weston calls Loblaw boycott ‘misguided criticism’on May 2, 2024 at 5:28 pm
Loblaw President and CEO Per Bank said at the grocer’s annual meeting that there’s a lot of misinformation online about Loblaw as boycott against the company gets underway.
- Air Canada says post-COVID ‘revenge travel’ slowing as profits fallon May 2, 2024 at 4:14 pm
Air Canada says it lost $81 million in its first quarter, falling below analysts’ expectations even as revenue and capacity ramped up.
- TD Bank hit with $9.2M fine over failing to report suspicious transactionson May 2, 2024 at 4:01 pm
TD Bank has been slapped with a $9.2-million fine from Fintrac over what the watchdog says were a range of failures in reporting suspicious activity.
- Loblaw boycott: Why has the grocer become a ‘lightning rod’ for frustrations?by Craig Lord on May 2, 2024 at 8:00 am
Will a boycott of Loblaw’s stores make a dent on the retailer’s bottom line? Here’s what experts say about the reputational challenges facing Canada’s biggest grocer.
- U.S. Fed says it won’t cut rates until it has ‘greater confidence’ on inflationon May 1, 2024 at 7:15 pm
The Fed emphasized inflation has remained high in recent months and said it doesn’t plan to cut rates until it has “greater confidence” price increases are slowing sustainably.
- Trupanion stock PT cut by Canaccord, retains buy rating on subscriptions growthby Investing.com on May 3, 2024 at 12:09 pm
- Oil prices set for steep weekly losses; payrolls could drive sentimentby Investing.com on May 3, 2024 at 12:08 pm
- MacroGenics Announces Date of First Quarter 2024 Financial Results Conference Callby Investing.com on May 3, 2024 at 12:08 pm
- Ocugen to Host Conference Call on Tuesday, May 14 at 8:30 A.M. ET to Discuss Business Updates and First Quarter 2024 Financial Resultsby Investing.com on May 3, 2024 at 12:08 pm
- Metasphere Labs Inc. Asserts Leadership in Bitcoin-Based Decentralized Identity Amid New Industry Developmentsby Investing.com on May 3, 2024 at 12:08 pm
- IES Holdings Reports Fiscal 2024 Second Quarter Resultsby Investing.com on May 3, 2024 at 12:08 pm
- Kura Oncology Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)by Investing.com on May 3, 2024 at 12:08 pm
- TDS reports first quarter 2024 resultsby Investing.com on May 3, 2024 at 12:08 pm
- Private equity is bankrupting American healthcare firms—literallyby Maia Anderson, Healthcare Brew, Morning Brew on May 3, 2024 at 12:07 pm
At least 21% of the 80 healthcare companies that filed for bankruptcy last year were PE-owned, according to a report from the […]
- Andy Jassy sums it up for corporate America: ‘Customers are shopping, but remain cautious’by Alex Vuocolo, Retail Brew, Morning Brew on May 3, 2024 at 12:00 pm
McDonald’s CEO Chris Kempczinski and Starbucks CEO Laxman Narasimhan sounded similar tunes on their earnings calls this week, […]
- New York jury hears tape of Trump and Michael Cohen debating how to buy Playboy model’s silenceby Michael R. Sisak, Jake Offenhartz, Philip Marcelo, Alanna Durkin Richer, The Associated Press on May 3, 2024 at 11:53 am
The second week of testimony in the case will wrap up Friday after jurors heard a potentially crucial piece of evidence: a […]
- ‘They get you hooked on having that money’: Meet a 60-year-old who pays interest to get cash between paychecks and has nothing left overby Cora Lewis, The Associated Press on May 3, 2024 at 11:53 am
Sheri Wilkins calculates that she loses three hours of wages per week. “It’s fine and great to have it — to buy groceries and […]
- One of the poorest and unhealthiest states in America just spiked a Medicaid opposition amid widespread Republican oppositionby Emily Wagster Pettus, The Associated Press on May 3, 2024 at 11:45 am
Mississippi’s Republican Gov. Tate Reeves refers to Medicaid as “welfare” and says he does not want more people to enroll.
- IRS scrambles to reverse dire statistics on plunging audits for millionaires, soaring reviews for Black Americansby Fatima Hussein, The Associated Press on May 3, 2024 at 11:40 am
A January 2023 study found that IRS data-driven algorithms selected Black taxpayers for auditing at up to 4.7 times the rate of […]
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- Sony, Apollo Make $26 Billion All-Cash Offer for Paramounton May 2, 2024 at 8:28 pm
Sony Pictures and Apollo Global Management have submitted an all-cash, $26 billion offer for Paramount Global, marking the second time the private-equity firm has come in with a bid for the entertainment giant.
- Disaster Loans Provided a Lifeline. Now Small Businesses Owe Billions in Fees.on May 2, 2024 at 7:09 pm
The government has referred 860,000 delinquent Covid loans for collection—tacking on billions of dollars in fees for small-business borrowers.
- The Universal Music-TikTok Spat Is Over. Here’s What Artists Won.on May 2, 2024 at 6:56 pm
The deal comes after their prior licensing contract expired, prompting Universal to pull all of its artists’ songs off TikTok at the beginning of February.
- Layoffs in 2024: A List of Companies Cutting Jobs This Yearon May 2, 2024 at 6:48 pm
The layoffs are expected to be smaller and more targeted than those in 2023.
- Former Pioneer CEO Is Accused of Trying to Collude With OPECon May 2, 2024 at 6:11 pm
The FTC alleges Scott Sheffield tried to coordinate on oil production and prices. The agency referred the case for a potential criminal probe.
- Peloton CEO Barry McCarthy to Step Down Amid Fresh Layoffson May 2, 2024 at 2:26 pm
An activist investor had called for McCarthy’s ouster and for the fitness-equipment maker to sell itself.
- Shell Launches $3.5 Billion Buybackon May 2, 2024 at 11:58 am
Shell’s first-quarter adjusted earnings fell by less than expected, and the oil major kicked off a share buyback as it hurried to close the valuation gap to its U.S. rivals.
- Government’s Natwest Sale Raises Concerns, FTSE 250 Chief Warnsby Business Matters on May 3, 2024 at 10:27 am
The government’s impending sale of its remaining stake in Natwest has raised concerns, with the chief of a FTSE 250 wealth manager cautioning against potential risks associated with a surge in retail investor exposure to a single stock. Read more: Government’s Natwest Sale Raises Concerns, FTSE 250 Chief Warns
- Trainline Doubles Profit Amid Accelerating European Sales Despite Nationalisation Threatby Business Matters on May 3, 2024 at 10:19 am
Trainline has announced a remarkable surge in operating profit, exceeding 100 per cent growth last year, propelled by robust ticket sales, according to its latest annual results. Read more: Trainline Doubles Profit Amid Accelerating European Sales Despite Nationalisation Threat
- Goldman Sachs Lifts Bonus Cap for UK Staff, Allowing Earnings up to 25 Times Annual Salaryby Business Matters on May 3, 2024 at 10:11 am
Goldman Sachs has announced the elimination of a bonus cap for hundreds of its top UK bankers, enabling star performers to potentially earn bonuses up to 25 times their annual salary. Read more: Goldman Sachs Lifts Bonus Cap for UK Staff, Allowing Earnings up to 25 Times Annual Salary
- Sunak to Allow Oil and Gas Exploration at Offshore Wind Sitesby Business Matters on May 3, 2024 at 10:02 am
In a significant move likely to spark controversy, the government is set to permit fossil fuel companies to conduct oil and gas exploration beneath offshore wind-power sites for the first time. Read more: Sunak to Allow Oil and Gas Exploration at Offshore Wind Sites
- The long game: Avoid risky get rich schemes with wealth management planningby Mo Chaudry on May 3, 2024 at 9:53 am
We’re all familiar with get rich quick opportunities: a promise of making a fast fortune that often seems too good to be true, but many people buy into anyway. Read more: The long game: Avoid risky get rich schemes with wealth management planning
- To be culturally relevant, you need to be in cultureby Richard Pinder on May 3, 2024 at 9:35 am
Steve Jobs has been quoted many times on many topics. One of his most interesting analyses was regarding Microsoft Read more: To be culturally relevant, you need to be in culture
- Latest Punjab National Bank FD interest rates: Fixed deposit rates revised – check full listby TOI Business Desk on May 3, 2024 at 11:46 am
PNB updated FD rates under Rs 2 crore, effective April 12, 2024, for regular citizens with slight decreases. Special rates for […]
- Adani Green Energy posts Q4 adjusted profit rise on strong power saleson May 3, 2024 at 11:32 am
- SEBI makes nomination optional for joint mutual fund accounts; check detailsby TOI Business Desk on May 3, 2024 at 11:03 am
SEBI altered mutual fund nomination rules. Failure to nominate or opt-out by June 30, 2024, will freeze folios. Visit NSDL […]
- Tesla layoffs: ‘Very hard to… ‘, woman pens down emotional post after Elon Musk’s company fires herby TOI Business Desk on May 3, 2024 at 10:29 am
Bisma Rehman lost her Tesla job as Interoperability Lead, praising her team’s dedication. Elon Musk announced cost reduction in […]
- MRF, India’s highest-priced stock, announces Rs 194 dividend; check detailsby TOI Business Desk on May 3, 2024 at 10:10 am
MRF Limited’s FY 2023-24 final dividend of Rs 194 per share is 1940% of face value. Standalone profit dropped 8% QoQ, while […]
- Discounted oil: Russia’s share in India’s crude imports rises to 40% in Aprilby TOI Business Desk on May 3, 2024 at 10:00 am
India’s crude imports in April surged as Russian share hit 40%, near the peak. Refiners sought discounted Russian oil to manage […]
- Norway keeps rates on hold, may extend tight policyon May 3, 2024 at 9:32 am
- Oil prices set for steepest weekly drop in 3 monthson May 3, 2024 at 9:05 am
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