Business news

• Casey's General Stores (CASY) Q2 Earnings Surpass Estimates

  09-12-2019 23:25 via news.yahoo.com
  
  Casey's (CASY) delivered earnings and revenue surprises of 5.24% and -2.29%, respectively, for the quarter ended October 2019. Do the numbers hold clues to what lies ahead for the stock?
  
  Read more

• Provincial governments facing higher debts and more financial pressure

  05-05-2024 14:00 via cbc.ca
  
  After riding a red-hot economy to shrink deficits and grow surpluses, provincial governments across the country are beginning to see their finances flounder.
  
  Read more

• Hims & Hers stock slides after CEO's praise for anti-Israel protesters

  04-05-2024 23:51
  
  Hims & Hers Health Inc. saw its stock slide during Friday's trading session after its CEO praised the "moral courage" of anti-Israel campus protesters and encouraged them to apply for jobs at the health and wellness company.Hims & Hers, which offers telehealth and online pharmacy services for erectile dysfunction, sexual performance, hair loss treatments, mental health and more, saw its stock slide by 8% Friday amid the controversy. Though it has rebounded by 0.89% in after-hours trading
  
  Read more

• Warren Buffett compares AI to nuclear weapons, warns of scamming potential

  04-05-2024 23:45
  
  Warren Buffett took a cautionary stance on artificial intelligence on Saturday at Berkshire Hathaway’s annual meeting, comparing the technology once again to the advent of nuclear weapons and warning about the potential for scams. "I don’t know anything about AI," the billionaire investor and co-founder of Berkshire Hathaway admitted, "but that doesn’t mean I deny its existence or importance or anything of the sort." He reiterated what he said last year: "That we let
  
  Read more

• Advertisement

• Buffett talks succession plan, pays tribute to Munger at annual meeting

  04-05-2024 23:35
  
  Warren Buffett discussed his succession plans for Berkshire Hathaway and paid tribute to his longtime business partner and friend Charlie Munger at the conglomerate's annual meeting Saturday in Omaha, Nebraska.Buffett, 93, appeared alongside Vice Chairman Greg Abel, 61, and Vice Chairman Ajit Jain, 72, and answered roughly five hours of questions posed by Berkshire Hathaway shareholders from around the world. It marked the 60th meeting Buffett has held since he took over the company in 1965, and
  
  Read more

• Buffett explains Berkshire's reduced stake in Apple at annual company meeting

  04-05-2024 22:06
  
  Warren Buffett, the billionaire co-founder and CEO of Berkshire Hathaway, offered some insights Saturday at the company's annual meeting into the decision to reduce its stake in tech giant Apple, which was and remains its largest stock holding.Berkshire's stake in Apple fell by 22% to $135.4 billion as of March 31 from $174.3 billion at the end of 2023, even as the iPhone maker's share price fell just 11%. The conglomerate appears to have sold about 115 million shares, or 13% of its holdings in
  
  Read more

• WestJet issues lockout notice to mechanics' union

  04-05-2024 21:12 via cbc.ca
  
  Airline president says work stoppages could begin as early as Tuesday at noon MT.
  
  Read more

• White House economic adviser struggles with question on monetary policy

  04-05-2024 19:21
  
  A viral video of President Joe Biden's chief economic adviser, Jared Bernstein, appearing to struggle to explain how monetary policy works has raised new questions about the administration's handling of the economy.Bernstein, who chairs the White House Council of Economic Advisers, was interviewed for a new film called, "Finding the Money," a documentary made by advocates of Modern Monetary Theory (MMT) – a controversial line of economic thought. One of MMT's central tenets is that governm
  
  Read more

• Advertisement

• Virginia woman wins lottery jackpot with first-ever ticket purchase

  04-05-2024 19:02
  
  First time was the charm for a Virginia woman who recently won a $50,000 lottery jackpot.Katelynne Berland, of Yorktown, Virginia, was running errands in mid-April when she decided to buy herself a lottery ticket for the first time.As it turned out, that was a good decision: Her ticket was a winner for the April 14th day drawing of the Pick 5 game. VIRGINIA LOTTERY PLAYER SHOCKED AFTER FINDING WINNING MEGA MILLIONS TICKET IN NIGHTSTANDPick 5 tickets are sold for either $0.50 or $1, and play
  
  Read more

• Sam's Club says AI will handle exit checks in all stores by end of 2024

  04-05-2024 15:00
  
  Any Sam's Club member is familiar with the lines that can form at the exits of the big box store during busy shopping times as customers line up for an associate to check their receipts to confirm their purchases. Now, the company says those bottlenecks will be slashed at its clubs nationwide by the end of the year, thanks to new artificial intelligence-powered technology.At the Consumer Electronics Show in January, the Walmart division unveiled a new AI-powered scanning system positioned a
  
  Read more

• Jeff Bezos, Lauren Sanchez get and give philanthropy awards

  04-05-2024 14:00
  
  Amazon founder Jeff Bezos and fiancee Lauren Sanchez have been busy recently receiving and doling out philanthropy-related awards.The engaged couple became the recipients of Conservation International’s "Global Visionary Award" late last week. It "highlights Bezos’s and Sanchez’s unwavering dedication to addressing the twin crises of climate change and biodiversity loss by preserving Earth’s most critical ecosystems and supporting the local communities that safeguard
  
  Read more

• Airbnb replicates house from Disney's 'Up' that actually floats

  04-05-2024 14:00
  
  Disney fans are getting a new dream destination.Airbnb has created a replica of the home featured in the 2009 animated film "Up," located in Abiquiu, New Mexico. The house features one bedroom, one bathroom and a pull-out bed in the living room, giving it the ability to hold four guests. The house, like the one featured in the movie, floats.While Carl Fredricksen, the character that stars in "Up," has a home that floats with the help of balloons, Airbnb appears to use a crane to hoist its house
  
  Read more

• 3 critical things you must do before you hire a real estate agent

  04-05-2024 14:00
  
  In the world of real estate, the decision to buy or sell a property is often one of the most significant financial transactions in a person's life. Entrusting such a momentous task to a real estate agent requires careful consideration and due diligence. Before selecting an agent to represent you in the market, be sure to do your homework.Finding the right real estate agent to guide you through the buying or selling process is crucial for a successful transaction. Here are three essential factors
  
  Read more

• Elon Musk sues Indian battery company Tesla Power for trademark infringement

  04-05-2024 02:41
  
  Tesla, Inc., of which Elon Musk is CEO, has filed a lawsuit in India against an Indian battery company called Tesla Power over alleged trademark infringement. Musk’s Tesla, Inc. sent a cease-and-desist letter to the Gurgaon-based Tesla Power India, which also has a global office in Delaware as Tesla Power USA, two years ago, but said that the company continues to use its name in a hearing at the Delhi High Court this week. Tesla, Inc. is also incorporated in Delaware.&n
  
  Read more

• Canada Post lost $748 million last year, warns of 'critical' financial situation

  04-05-2024 01:13 via cbc.ca
  
  Canada Post warns its financial situation is so grim it could run out of operating money in less than a year, citing declining revenue and increased competition from private delivery companies.
  
  Read more

• Apple’s monster buyback, jobs surprise puts Fed on notice and Kentucky Derby fever

  04-05-2024 00:45
  
  -The jobs data was unexpectedly soft-Fed Chairman Jerome Powell may catch a break -Apple announces record stock buyback, hits naysayers -Another week of chaotic, anti-Israel protests across campuses nationwide -Mickey D's says bigger is better when it comes to burgers -Viking's IPO cruised onto Wall Street -Another retailer is calling it quits -Kentucky Derby betting expected to hit new record JOBS JOLT: The U.S. economy added fewer jobs than economists had exp
  
  Read more

• LARRY KUDLOW: America will be great again

  04-05-2024 00:15
  
  On Wednesday, President Donald Trump gave a barnburner of a speech in Waukesha, Wis., laying out his future economic agenda: strict federal spending controls, extending the successful Trump tax cuts, "drill, baby, drill" and other de-regulation measures. It is the sort of thing that could launch another Trump economic boom, especially for working-class Americans. Joe Biden, on the other hand, has a future agenda that includes roughly a $5 trillion tax hike, federal debt running upwards of $
  
  Read more

• Massachusetts woman wins second $1M lottery prize in span of 10 weeks

  04-05-2024 00:10
  
  A lucky lottery winner has hit not only one $1 million grand prize, but two in less than three months.Christine Wilson of Attleborough, Massachusetts, learned of her first win back in February.On Feb. 23, Wilson claimed her $1 million grand prize after playing the "Lifetime Millions" $50 instant ticket game, the Massachusetts Lottery reported in a press release issued on May 1.MASSACHUSETTS MOM WINS $25M LOTTERY PRIZE, PLANS TO PAY OFF HER DAUGHTERS' STUDENT LOANSThis time around, Wilson won big
  
  Read more

• Buffett retakes the stage as Berkshire prepares to pass the baton

  04-05-2024 00:00
  
  Warren Buffett takes center stage in Omaha for Berkshire Hathaway's annual shareholder meeting on Saturday, as investors size up his expected successor and get a better sense of how the conglomerate plans to grow and deploy cash.The meeting is Buffett's 60th since he took over Berkshire in 1965. He has largely stopped appearing publicly to discuss the company, though he assured investors last November that he felt good but knew he was "playing in extra innings."At a downtown arena, Buffett, 93,
  
  Read more

• National Debt Tracker: American taxpayers (you) are now on the hook for $34,563,348,818,204.50 as of 5/3/24

  03-05-2024 23:38
  
  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 — rose to $34,563,348,818,204.50 as of Thursday afternoon, according to the latest numbers published by the Treasury Department. That is down about $5.06 billion from the $34,558,286,201,504.24 figure reported the previous day.By comparison, just four decade
  
  Read more

• Is the Loblaw boycott privileged? Here's why some people aren't shopping around

  03-05-2024 22:12 via cbc.ca
  
  Location. Costs. Time and convenience. There are many reasons people aren't participating in the Loblaw boycott, a movement fuelled by customers fed up with high prices at the grocery retailer.
  
  Read more

• Former Victoria's Secret model steps down from beauty brand due to 'significant changes'

  03-05-2024 21:59
  
  Former Victoria’s Secret model Rosie Huntington-Whiteley, mother of two, announced in a social media post via Instagram that she is stepping down from her role as CCO at Rose Inc, the beauty brand she founded in 2018.The British founder said in the post, "I founded Rose Inc with a vision to foster a beauty community and create exceptional products in line with my values and beliefs. However, due to significant changes within the business, I’ve made the considered decision to step dow
  
  Read more

• Carvana stock rebound boosts fortunes of CEO and his dad by billions

  03-05-2024 21:47
  
  The resurrection of Carvana's stock price from its 2022 lows has amounted to a monumental rise in the fortunes of its chief executive and his father.CEO Ernie Garcia III, who co-founded the company, and his father, Ernie Garcia II, who bankrolled it, have seen a combined $11 billion increase in their net worths since December 2022, thanks to a 3,000% increase in share price from that time, Bloomberg reported Thursday.When the Carvana stock hit its low point, there were murmurs that the online us
  
  Read more

• TD Bank could face more severe penalties after drug money laundering allegations, says analyst

  03-05-2024 21:25 via cbc.ca
  
  TD Bank Group could be hit with a worst-case scenario in penalties says a banking analyst, after a report that the investigation it faces in the U.S. is tied to laundering illicit fentanyl profits.
  
  Read more

• IRS plans to more than double its audit rate of wealthy taxpayers

  03-05-2024 21:21
  
  The IRS is planning to ramp up audit rates of wealthy Americans and large corporations as part of its sweeping effort to crack down on tax cheats.The tax-collecting agency aims to increase the audit rates of taxpayers earning over $10 million by more than 50%. That will bring the audit rate for these individuals to 16.5% in 2026, compared with 10% in 2019. It also plans to nearly triple audit rates on large corporations with assets over $250 million, as well as increase the audit rates of b
  
  Read more

• Rue21 files for bankruptcy, will close all stores

  03-05-2024 20:54
  
  Troubled retailer Rue21 – once a mall staple – filed for Chapter 11 bankruptcy protection, and plans to shutter all its stores and sell all its intellectual property. This marks the third time the company has filed for bankruptcy as it struggles to continue operating. According to court documents filed in the U.S. Bankruptcy Court in the District of Delaware, the company plans to close its stores and implement "going out of business" sales.RADIO GIANT AUDACY FILES FOR BANKR
  
  Read more

• Maryland officials say Baltimore Key Bridge rebuild could cost $1.9B

  03-05-2024 20:28
  
  The cost of rebuilding Baltimore's Francis Scott Key Bridge could reach nearly $2 billion, Maryland officials said this week, as the state filed insurance claims related to the collapse.The Maryland Department of Transportation said the state plans to have the rebuild completed by fall of 2028, with total costs estimated to reach between $1.7 billion and $1.9 billion.The agency said federal funding, insurance proceeds and other reimbursements will bring a variety of resources toward the rebuild
  
  Read more

• Dave & Buster's to allow customers to bet on arcade games

  03-05-2024 19:22
  
  Dave & Busters is upping the stakes on its arcade games. The company is set to allow customers who are at least 18 years old to bet on arcade games in its app.Using Lucra Sports' real-money gamification software, Dave & Buster’s loyalty members will be able "to digitally compete with each other, earn rewards, and unlock exclusive perks while competing with friends at Dave & Buster’s," the company said in a statement Tuesday.  DRAFTKINGS, FANDUEL CEOS TALK SUPER
  
  Read more

• April jobs report breakdown: Which industries hired the most workers last month?

  03-05-2024 19:20
  
  Job growth sputtered in April as many industries like manufacturing and leisure and hospitality pulled back on hiring. Employers added 175,000 jobs in April, the Labor Department said in its monthly payroll report released Friday, missing the 243,000 gain forecast by LSEG economists. It marked the worst month for job creation since October. The unemployment rate, meanwhile, inched higher to 3.9%."From a sector standpoint, health care and construction continue to be standout performers for j
  
  Read more

• 25K Americans starting Wegovy weekly as supply increases and prices drop, drugmaker says

  03-05-2024 18:07
  
  At least 25,000 Americans are beginning treatment with Novo Nordisk's Wegovy each week and that figure is growing, the company said.The Danish pharmaceutical giant, which has been ramping up production capacity to meet demand, told FOX Business that there are currently "four times" the number of U.S. patients starting the medication compared with December 2023.Over the past year, Novo said it's been managing shipments of Wegovy "in an effort to support continuity of care for existing patients" w
  
  Read more

Follow @Business_Newsl on Twitter!