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Latest Stories
- GOBankingRates
I’m Retired and Regret Making These 3 Frugal Moves Years Ago
Retirement means different things to different people. For some, it means working a traditional career path until they're in their mid-60s -- right around the time when they can start collecting their...
- The Canadian Press
Automakers hit 'significant storm,' as buyers reject lofty prices at time of huge capital outlays
DETROIT (AP) — Investors are punishing automakers' stocks this week after second-quarter earnings reports exposed industrywide issues of slowing sales and high prices, just as the companies are having to spend huge sums to make new electric and gas vehicles.
- Global News
Scotiabank ‘technical issue’ leaves customers without paycheques
Scotiabank says a “technical issue” has left some customers’ payments, including direct deposits, not being put into their accounts. “We are currently experiencing a technical issue where some of our clients’ inbound payments, including direct deposits and cheque deposits, are not being applied to their accounts,” the bank said in a social media post shortly after 10 a.m. Eastern.
- CBC
N.S. wants $900K in fuel taxes from directors of bankrupt Maritime Fuels
The Nova Scotia government is seeking more than $900,000 from the directors of a defunct fuel and heating oil company for taxes that were collected from customers in the years before it went bankrupt but which were never turned over to the province.The provincial fuel tax issue is adding to the catalogue of financial woes faced by Maritime Fuels that have trickled out since it abruptly closed down last fall, owing more than $51 million to creditors, including $2.5 million to customers who prepai
- The Canadian Press
Carmaker Stellantis pledges to tackle problems in North America as profits plunge
MILAN (AP) — Stellantis CEO Carlos Tavares pledged action to tackle problems in North America and elsewhere Thursday after reporting a plunge in first-half earnings.
- Bloomberg
China’s Made-in-Europe EVs Pose New Threat to Region’s Carmakers
(Bloomberg) -- China’s electric carmakers are expanding in Europe to blunt the impact of tariffs meant to weaken their price advantage over the region’s ailing legacy manufacturers.Most Read from BloombergTrump Risks Losing Voters He Needs With Loaded Attacks on HarrisParis Sticks to Olympics Opening Event Plans After Rail SabotageFed’s Favored Price Gauge Rises at Mild Pace, Spending Holds UpHarris Just Showed Why Trump Is So Afraid of HerGreat Rotation Trade Sees Investors Dump AI Giants for L
- South China Morning Post
Apple falls: iPhone maker out of China's top 5 as Huawei ascends
Apple has fallen out of the top 5 ranking of smartphone vendors in China, according to data trackers, marking the first time in years the iPhone maker has fallen so low in one of its most important markets. iPhone shipments in China in the three months ended June declined 2 per cent year on year, bumping Apple down to No 6 on Canalys' list of top vendors by shipments, putting it behind Vivo, Oppo, Honor, Huawei Technologies and Xiaomi, according to a report from the market research firm on Thurs
- Barrons.com
6 Energy Stocks That Could Thrive in a Rebound
The profit-reporting season for oil and gas companies started out in a downbeat mood, but things could be starting to shift.
- The Motley Fool
Dividend Fortunes: 2 Canadian Stocks Leading the Way to Retirement Wealth
Here are two of the best Canadian dividend stocks you can add to your portfolio right now to build retirement wealth in the long run. The post Dividend Fortunes: 2 Canadian Stocks Leading the Way to Retirement Wealth appeared first on The Motley Fool Canada.
- Reuters
Apple's China smartphone shipments drop 6.7% as Huawei surges, data shows
BEIJING (Reuters) -Apple's smartphone shipments in China fell by 6.7% in the second quarter of 2024, as the tech giant faced intensifying competition from rivals like Huawei, according to data from market research firm Canalys. Apple's total shipments for the quarter ending in June stood at 9.7 million units, down from 10.4 million units in the same quarter last year, Canalys data shows. In contrast, Huawei's smartphone shipments surged 41% year-on-year to 10.6 milion in the quarter, bolstered by the launch of its new Pura 70 series in April.
- Reuters
Jetmaking industrial problems overshadow orders at damp air show
The world's largest air show fizzled out on Thursday with a solid new Saudi jetliner order unable to dispel the gloom over recent problems in producing planes fast enough to meet demand. Britain's Farnborough Airshow opened earlier this week amid alarm signals from airlines over falling yields or average fares. Airbus and Boeing posted about 40 firm orders - a fraction of recent years - and were roughly level depending on whether Qatar Airways' decision to come forward as the previously unnamed buyer for an existing Boeing order was counted.
- The Canadian Press
Stock market today: Asian shares mostly advance after Wall St comeback from worst loss since 2022
BANGKOK (AP) — Shares were mostly higher in Asia on Friday, with major markets apart from Shanghai and Taiwan logging modest gains.
- Bloomberg
Great Rotation Trade Sees Investors Dump AI Giants for Less Obvious Stocks
(Bloomberg) -- Signs that equity investors are getting cold feet over the rapid advances in artificial intelligence leaders have put a spotlight on some less obvious beneficiaries of the technology boom.Most Read from BloombergTrump Risks Losing Voters He Needs With Loaded Attacks on HarrisParis Sticks to Olympics Opening Event Plans After Rail SabotageFed’s Favored Price Gauge Rises at Mild Pace, Spending Holds UpHarris Just Showed Why Trump Is So Afraid of HerThe Private Equity Staffer With a
- CBC
Wild blueberry growers in P.E.I., worried about low prices, look to tap into new markets
P.E.I.'s wild blueberry growers are still feeling the blues over the low prices for their harvest in 2023, and are now turning to new markets in hopes of providing more stability in the industry. Benny Nabuurs has a 400-acre wild blueberry farm in Cardigan, in eastern P.E.I., and has been in the business for 35 years. He said the volatility of prices has some producers thinking about getting out of the wild blueberry game. "In the last four years, we've seen record high prices, and they've slowl
- Global News
Loblaw’s $500M settlement: Did the national boycott impact their bottom-line profit?
Loblaw Cos. Ltd. and its parent company George Weston Ltd. say they have agreed to pay $500-million to settle a class-action lawsuit regarding their involvement in an alleged bread price-fixing scheme. The class-action case was brought against a group of companies that includes Loblaw and the Weston companies, Metro, Walmart Canada, Giant Tiger and Sobeys owner Empire Co. Ltd. This comes as Loblaw reported its second-quarter profit decreased compared with a year ago amid a month-long national boycott of the company. Anne Gaviola has more on the class action case and whether or not the May boycott made a significant dent in the grocery giant’s bottom line.
- Global News
Health Matters: Ontario has lowest ratio of registered nurses in Canada
A new report from the Canadian Institute for Health Information has found Ontario now has the lowest ratio of registered nurses in the country. Data shows the province's shortage continues to worsen, dropping to only 651 registered nurses per 100-thousand people. Katherine Ward has this story and more in Health Matters for July 26, 2024.
- The Canadian Press
New Orleans' mayor accused her of stalking. Now she's filed a $1 million defamation suit
NEW ORLEANS (AP) — A New Orleans woman once accused of stalking by Mayor LaToya Cantrell turned the tables Friday with a $1 million-plus federal lawsuit accusing Cantrell, her chief of staff and eight members of the city police department of civil rights violations and defamation.
- Reuters
Toyota to build EV battery plant for Lexus cars, Nikkei reports
TOKYO (Reuters) -Japan's Toyota Motor plans to build a battery plant for electric vehicles in the southwestern prefecture of Fukuoka and supply its batteries to a factory that makes luxury Lexus brand cars, the Nikkei business daily reported on Friday. The world's top-selling automaker would seek to make the island of Kyushu where Fukuoka is located a central part of its supply chain for battery-powered vehicles and an export base for Asia, the newspaper said. A Toyota spokesperson said the company was aware of the report, but that it was not something it had announced.
- South China Morning Post
AI race: Alibaba, Tencent quickly adopt Meta's new Llama 3.1 model amid excitement
Chinese technology giants Alibaba Group Holding and Tencent Holdings have rushed to offer the latest artificial intelligence (AI) model from Facebook owner Meta Platforms into their cloud services, as the debut of Llama 3.1 drew widespread attention this week. Alibaba Cloud, the e-commerce giant's online computing platform, was among the first to include the latest open-source Llama family of large language models (LLMs) - the technology underpinning generative AI products such as ChatGPT - by i
- Associated Press
Spicy dispute over the origins of Flamin' Hot Cheetos winds up in court
A court case could soon settle a spicy dispute: Who invented Flamin' Hot Cheetos? A former PepsiCo executive is suing the company, saying it destroyed his career after questioning his claim that he invented the popular flavor of Cheetos snacks. PepsiCo said Thursday it has no comment on the lawsuit, which was filed July 18 in California Superior Court.