Business news

• Bank of Canada cuts key interest rate to 4.75%

  05-06-2024 16:11 via cbc.ca
  
  The Bank of Canada has lowered its key interest rate to 4.75 per cent.
  
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• John Lennon, Yoko Ono’s NYC loft purchased after Beatles’ breakup selling for $5.5M

  05-06-2024 10:00 via foxbusiness.com
  
  John Lennon and his wife Yoko Ono's New York City loft is on the market for the first time in more than 50 years. The two-story loft-style building at 496 Broome St. was purchased by the duo in 1971, not long after The Beatles broke up and Lennon released one of the most influential songs of the 20th century, "Imagine."At the time, Lennon was eager to break free from The Beatles and make a name for himself as a solo artist while creating a new identity with Ono – an artist and peace a
  
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• $560 million Mega Millions jackpot won by player in Illinois

  05-06-2024 08:13 via foxbusiness.com
  
  The Mega Millions lottery announced a jackpot winner in Tuesday night's estimated $560 million drawing, with the winning ticket purchased in Illinois.The winning numbers Tuesday night were: 19, 37, 40, 63, 69 and gold Mega Ball 17. The Megaplier was 3X.This was the ninth-largest prize in the game's history.In addition to the jackpot, 2 players — one in California and another in Maryland — matched all five white balls to win $1 million. Had they purchased the Megaplier for an extra $1
  
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• FanDuel nearing naming rights deal to replace Bally Sports: report

  05-06-2024 02:28 via foxbusiness.com
  
  FanDuel may be on a lot more televisions relatively soon.The sports gambling giant is reportedly nearing a deal to replace Bally as Diamond Sports' naming brand for its regional sports networks.Diamond declared bankruptcy last year with its parent, Sinclair, losing money since its $9.6 billion purchase from Disney in 2019. Diamond's networks broadcast 38 teams in MLB, the NBA and NHL.CLICK HERE FOR MORE SPORTS COVERAGE ON FOXNEWS.COMAccording to Sportico, Diamond reportedly said in Tuesday's Cha
  
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• Biden admin official says higher tariffs on Chinese EVs are crucial for US automakers

  05-06-2024 02:08 via foxbusiness.com
  
  Secretary of Energy Jennifer Granholm on Tuesday said that the Biden administration's plan to quadruple tariffs on imported Chinese electric vehicles to over 100% in August is crucial to the health of the U.S. auto sector."We need to have that industry here," Granholm said in an interview with Reuters on Tuesday. "If we didn't do that, we would just be ceding the entire territory to China like we saw happen with solar panels."She added that China's "plan is very aggressive on industrial policy a
  
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• National Debt Tracker: American taxpayers (you) are now on the hook for $34,635,364,143,328.14 as of 6/4/24

  05-06-2024 01:42 via foxbusiness.com
  
  The U.S. national debt is climbing at a rapid pace and has shown no signs of slowing down, despite the growing criticism of massive levels of government spending.The national debt — which measures what the U.S. owes its creditors — fell to $34,635,364,143,328.14 as of Tuesday afternoon, according to the latest numbers published by the Treasury Department. That is down about $31 billion from the figure reported the previous day.By comparison, just four decades ago, the national debt h
  
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• Major ransomware attack strikes busy hospital system, prompting canceled operations and appointments

  05-06-2024 01:15 via foxbusiness.com
  
  A ransomware attack prompted some of London’s busiest hospitals to cancel operations and other appointments Tuesday, the region's health service confirmed.The attack targeted the IT systems of Synnovis, a provider of lab services, resulting in interruptions to many of the firm’s services. Synnovis Chief Executive Mark Dollar said it was still too early to know the full extent of the attack, and the company is "trying to understand exactly what happened." A spokesperson
  
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• LARRY KUDLOW: Nobody believes Biden is solving the border catastrophe

  05-06-2024 00:22 via foxbusiness.com
  
  Joe Biden's not going to fool anybody. This last-ditch election ploy to curb the flow of illegal immigrants coming into the U.S. looks to be vague, riddled with exceptions and frankly unenforceable. Then again, does anybody really believe Mr. Biden wants to enforce any limits to illegal immigration? Don't think so. I mean, here's a guy whose policies have already let in at least 10 million illegals, with all the horrors that accompany that number, including sex trafficking, drug traffi
  
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• Max ad-free streaming service is getting a price hike

  05-06-2024 00:02 via foxbusiness.com
  
  Warner Bros. Discovery on Tuesday raised the price for the ad-free subscription to its Max streaming service.The move, which will take effect immediately for new subscribers, hikes the monthly ad-free plan's price by $1 to $16.99 a month. It will also increase the annual ad-free plan price by $20 to an annual cost of $169.99.Prices for Max's ultimate ad-free tier, which includes features such as the ability to have four streams running at the same time and 4K streaming options, will increase by
  
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