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The Canadian PressPurolator, UPS pause shipments from couriers amid delivery backlog
Purolator and UPS have paused shipments from some courier companies as they try to work through a deluge of deliveries brought on by the Canada Post strike, creating even bigger backlogs at the height of the holiday shipping season.
- CBC
UPS, Purolator limited service ‘devastating’ for small businesses | Canada Tonight
Angela Larson, a vintage clothing store owner in Edmonton, says Purolator and UPS pausing shipments from some courier companies amid a backlog of packages resulting from the Canada Post strike is leaving small businesses without options and losing revenue.
- Insider Monkey
Why Cenovus Energy Inc. (NYSE:CVE) is One of the Most Profitable Oil Stocks To Invest In
We recently published a list of the 8 Most Profitable Oil Stocks To Invest In. In this article, we are going to take a look at why Cenovus Energy Inc. (NYSE:CVE) is one of the best oil stocks to invest in. OPEC Anticipated to Hold Oil Supply One of the leading oil-producing regions, OPEC countries […]
- Bloomberg
Chevron Slows Permian Growth in Hurdle to Trump Oil Plan
(Bloomberg) -- Chevron Corp. plans to slow production growth in the biggest US oil field next year in the most definitive sign yet that President-elect Donald Trump faces an uphill battle to ramp up American energy output.Most Read from BloombergNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitAs Wars Rage, Cities Face a Dark New Era of Urban DestructionChevron will reduce capital expenditures in the Permian Basin to
- Reuters
Rattled by China, West scrambles to rejig critical minerals supply chains
China's trade restrictions on strategic minerals are starting to hit Western companies where it hurts. Blaming Beijing's curbs on antimony exports announced in August, German chemicals and consumer goods heavyweight Henkel told customers last month it had declared force majeure and suspended deliveries of four types of adhesives and lubricants widely used by automakers, according to a Nov. 8 letter to clients reviewed by Reuters. Henkel uses the silvery metal to make its Bonderite and Teroson-branded products, core parts of the company's adhesive technologies division, which brought in 10.79 billion euros ($11.4 billion) in revenue last year.
- GOBankingRates
Net Worth for Retirees: How To Tell Whether You’re Poor, Middle Class or Rich
In retirement, net worth shows the total result of a lifetime's savings, debts and investments. This measure is often more insightful than income, as it reveals your financial stability and whether...
- The Canadian Press
Telus asks court to quash cabinet order for review of wholesale fibre internet rules
Telus Corp. is challenging a federal order for a CRTC review on whether Canada's Big 3 telecom providers should be able to access each other's wholesale fibre internet networks.
- Fortune
The share of Fortune 500 businesses run by women can’t seem to budge beyond 10%
Women run 10.4% of Fortune 500 companies, the same as last year.
- Business Insider
China's cheap goods are threatening to undermine its influence in the developing world
China wants to portray itself as the champion of the "Global South," but is running up against an obstacle — a rising backlash to its trade practices.
- Business Insider
Warren Buffett: how the frugal billionaire spends his fortune, from McDonald's breakfasts to the occasional splurge
Discover how Warren Buffett amassed his $146 billion net worth, which is up by $26 billion this year, and how he spends his fortune.
- Bloomberg
China Gives Local Companies a Boost Before Trump Returns
(Bloomberg) -- China will give products made in the country a price advantage in government procurement, a step likely aimed at helping its supply chains weather possible tariff hikes by the US.Most Read from BloombergNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitAs Wars Rage, Cities Face a Dark New Era of Urban DestructionMade in China goods will be listed at prices 20% lower than the actual sales figure when the
- CBC
Purolator, UPS freeze shipments amid Canada Post strike
Purolator and UPS have paused shipments from some courier companies as they face a backlog of deliveries amid the ongoing Canada Post workers' strike. CBC’s Patrick Swadden has more details.
- South China Morning Post
Huawei premium smartphone shipments surge, as Apple continues to lead segment in China
Huawei Technologies gained more ground in mainland China's high-end smartphone segment in the third quarter, narrowing the gap with US rival Apple, which still leads that handset category, the latest data from research firm Canalys showed. Shenzhen-based Huawei's domestic shipments of premium-priced smartphones - handsets that cost more than US$600 - surged 34 per cent in the September quarter from a year earlier, resulting in a 33 per cent share, according to a report released by Canalys on Fri
- Fortune
10 work-from-home jobs that don’t require talking on the phone (and pay up to $80K)
From data entry to freelance writing, you can earn a competitive salary without having to pick up the phone.
- GOBankingRates
4 of America’s Largest Cities Where You Need More Than $3 Million To Retire Rich
If you have $3 million saved up for retirement, congratulations -- you're much better off than most Americans. Only 16% of retirees even have $1 million saved, according to a recent survey from CNBC...
- Fortune
Super Micro whistleblower doubles down on claim he was fired for complaining about accounting practices at the $20 billion tech giant
The company has denied allegations of improprieties and has given its accounting a clean bill of health.
- Reuters
Mali issues arrest warrant for Barrick Gold CEO, document shows
BAMAKO (Reuters) -Mali, one of Africa's biggest gold producers, has issued an arrest warrant for Barrick Gold Chief Executive Mark Bristow, a warrant document seen on Thursday by Reuters showed, escalating a dispute with the Canadian mining company. The West African country's junta-led government is seeking more income from the sector to bolster state revenues as prices of the precious metal rally and has detained mining executives to put pressure on foreign companies operating there. Four senior local employees of Barrick were briefly detained in September as the government demanded about $500 million in unpaid taxes, and then arrested again last month pending trial.
- Fortune
A Macy’s employee made accounting errors ‘intentionally,’ hiding up to $154 million in expenses. Now the company’s earnings report is delayed
The Macy’s employee, who is no longer with the company, hid delivery expenses during the course of almost three years.
- Barrons.com
As the U.S. Stock Market Booms, It’s Time to Look Abroad. 12 Picks From Our Experts.
Investors are laser-focused on U.S. stocks, creating a dangerous blind spot. Ignoring the rest of the world comes with rising risks into the new year—and missed opportunities to more cheaply invest in the types of companies that have fueled the U.S. bull market. China’s economy is sputtering, and Beijing’s efforts to revive it are underwhelming.
- Investing.com
Ford down after Wolfe downgrades stock, identifies ~$4bln of cyclical headwinds
Investing.com -- Ford Motor Company (NYSE:F) may face roughly $4 billion headwind in 2025, on cyclical pressures and an uncertain cost outlook, Wolfe analyst said as it downgraded the American automaker to "underperform" from "peer perform".