Business news

• Record-high U.S. inflation looking a little more transitory as rate cooled in August

  14-09-2021 15:55 via cbc.ca
  
  U.S. consumer prices rose at their slowest pace in seven months in August, far less than economists were expecting and a hopeful sign that inflation pressures may be cooling.
  
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• Mortgage interest still driving inflation, as overall rate nudges up to 2.9%

  16-04-2024 14:42 via cbc.ca
  
  Canada's inflation rate went up slightly in March compared to February, with Statistics Canada pointing out gasoline prices are partly behind the increase, along with shelter costs such as mortgage interest rates and rent.
  
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• Inflation up slightly to 2.9% in March, thanks to gasoline and shelter prices

  16-04-2024 14:42 via cbc.ca
  
  The consumer price index shows inflation was at 2.9% in March compared to the year before, a slight increased compared to February.
  
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• Gasoline, shelter costs drive inflation up a smidge to 2.9%

  16-04-2024 14:42 via cbc.ca
  
  Canada's inflation rate went up slightly in March compared to February, with Statistics Canada pointing out gasoline prices are partly behind the increase.
  
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• General Motors to move Detroit HQ to new downtown building, plans to redevelop Renaissance Center

  15-04-2024 19:58 via cbc.ca
  
  General Motors will move its Detroit headquarters to a new downtown office building next year and work to redevelop its iconic home along the Detroit River, company and city officials confirmed Monday.
  
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• General Motors moving to new Detroit tower, plans to redevelop iconic Renaissance Center: source

  15-04-2024 19:58 via cbc.ca
  
  General Motors plans to move its iconic Detroit headquarters to a new downtown office tower and redevelop its home office site, a person briefed on the plans said.
  
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• Meta's news ban changed how people share political info — for the worse, studies show

  15-04-2024 19:24 via cbc.ca
  
  Since Meta blocked links to news in Canada last August to avoid paying fees to media companies, right-wing meme producer Jeff Ballingall says he has seen a surge in clicks for his Canada Proud Facebook page.
  
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• Tesla to lay off 10% of its workforce as sales fall

  15-04-2024 14:58 via cbc.ca
  
  Tesla will lay off more than 10 per cent of its global workforce, an internal memo seen by Reuters on Monday shows, as it grapples with falling sales and an intensifying price war for electric vehicles.
  
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• We're taught that our homes are an asset. And that's helping keep housing prices high

  15-04-2024 10:00 via cbc.ca
  
  Paul Kershaw, a public policy professor at the University of British Columbia and founder of the affordability advocacy group Generation Squeeze, says the emphasis on increasing housing supply obscures our collective addiction to ever-rising home prices.
  
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• The dirty secret of the housing crisis? Homeowners like high prices

  15-04-2024 10:00 via cbc.ca
  
  Paul Kershaw, a public policy professor at the University of British Columbia and founder of the affordability advocacy group Generation Squeeze, says the emphasis on increasing housing supply obscures our collective addiction to ever-rising home prices.
  
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• CIBC customers dinged when bank adds $5 fee to e-gift cards, calling them a 'cash advance'

  15-04-2024 10:00 via cbc.ca
  
  CIBC customers who recently bought e-gift cards for Starbucks, Home Depot, Canadian Tire and a host of other stores were surprised to see a $5 fee added to the transaction on their credit card statements. CIBC initially said it considers the gift cards a “cash advance,” but has now decided to scrap the fee.
  
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• Anyone want a camper? It's a buyer's market for RVs as pandemic-era sales fizzle

  14-04-2024 10:00 via cbc.ca
  
  RVs — along with boats, ATVs and other outdoor vehicles — sold like hotcakes during the pandemic as people poured their vacation funds into goods that could be enjoyed closer to home. But now the sector is going through a market correction, with sales down around 20 per cent last year.
  
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• More CVS pharmacies join movement to unionize

  13-04-2024 22:11 via foxbusiness.com
  
  Two CVS pharmacies in Rhode Island, the state where the company's corporate headquarters is located, filed to unionize Friday as workers across the industry continue to highlight an escalating staffing crisis and cite concerns about patient safety. Pharmacists at the stores in Wakefield and Westerly are seeking to join The Pharmacy Guild, a U.S. trade union exclusively specializing in representing and unionizing pharmacy professionals, to fight for higher staffing levels, which they argue w
  
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• Maryland man wins lottery jackpot after years of bad luck

  13-04-2024 21:18 via foxbusiness.com
  
  A Bowie, Maryland man who played the lottery primarily to convert his losing tickets to "points" is now $50,000 richer after he won the top prize in a scratch-off game. The man, who did not wish to be identified, told the Maryland Lottery that he normally focuses on redeeming his non-winning scratch-off tickets for points that can be redeemed for items. He said he hopes to one day have enough points to get a computer. STRESSED MARYLAND MAN BUYS LOTTERY TICKET, WINS BIG PRIZEBut, h
  
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• Elon Musk hosts Argentine President Javier Milei at Tesla headquarters

  13-04-2024 20:42 via foxbusiness.com
  
  Tesla CEO Elon Musk hosted Argentine President Javier Milei at the electric vehicle giant's headquarters in Austin, Texas, on Friday, where the pair reportedly agreed to work together to promote free markets and discussed potential lithium projects.The Wall Street Journal reported this was the first face-to-face meeting between the pair, who have praised each other on Musk's social media platform, X, for months. The Journal referred to their relationship as a "bromance."Argentina's incoming amba
  
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• Krispy Kreme rolls out sweet tax break deal for customers on Tax Day

  13-04-2024 18:57 via foxbusiness.com
  
  Krispy Kreme customers can look forward to getting a sweet treat at a sweet price on Tax Day, Monday, April 15. Krispy Kreme announced Friday that customers can purchase an Original Glazed or Assorted dozen in store and get a second Original Glazed dozen for the price of sales tax in their state. Pricing for the second dozen will vary, depending on the state. The company stated that supply will be limited at participating Krispy Kreme locations. There is a limit of two dozen per custom
  
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• US high schoolers want financial education, but many schools don't offer it: survey

  13-04-2024 15:00 via foxbusiness.com
  
  A recent survey by Intuit found that U.S. high school students want to learn about personal finance in schools but that many lack access to such courses at school, while parents may be reluctant to teach their children about financial literacy.Intuit's Financial Education survey found that 85% of U.S. high school students said they're interested in learning about financial topics at school and that 95% of those who currently receive a financial curriculum find it helpful."Ultimately, what we lea
  
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• As energy prices soar, Biden administration jacks up costs to drill on public lands

  13-04-2024 14:01 via foxbusiness.com
  
  The Biden administration on Friday finalized a rule that will make it more expensive for oil and gas companies to drill on public lands, despite soaring energy prices and inflation still trending upwards.The Department of the Interior announced it has revised the Bureau of Land Management’s (BLM) oil and gas leasing regulations, which will raise royalty rates for the first time in 100 years and update the federal onshore oil and gas leasing framework. Under the new rule, the minimum royalt
  
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• How Roundup lawsuits could give China an edge

  13-04-2024 14:00 via foxbusiness.com
  
  Bayer is fending off thousands of lawsuits tied to weed killer Roundup, and the payouts are getting bigger with about 113,000 of 167,000 resolved and 54,000 remaining in a handful of states. The product contains glyphosate, a chemical that plaintiffs claim causes cancer. Earlier this year, a jury awarded $2.25 billion to a man who used the product and developed cancer. Monsanto, the maker of Roundup, was purchased by Bayer in 2018 for $63 billion in what was the largest acquisition in
  
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• 'Golden Bachelor' stars Gerry Turner and Theresa Nist could lose out on big payday because of divorce: experts

  13-04-2024 14:00 via foxbusiness.com
  
  In filing for divorce, "Golden Bachelor" couple Gerry Turner and Theresa Nist are not only losing out on love, but also a lucrative business venture.Turner won the title of the first "Golden Bachelor" when the show premiered last fall, and at the end of the season, he proposed to Nist. They were married in January, then announced their divorce this week. The two stand to lose out on countless money-making opportunities with the quick split.Brand expert Eric Schiffer spoke to Fox News Digital abo
  
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• Precious metals buyer cashes in on Costco's gold bar rush: 'I consider this savings'

  13-04-2024 13:00 via foxbusiness.com
  
  Costco is cashing in on the rush to buy gold as rate cut uncertainty and other market pressures drive up the price of the hot commodity. One buyer who purchased a gold bar at the wholesaler weighed in on the craze."I've always been buying gold and silver. I've been buying it for probably 30 years now. And I saw a lot of reports that Costco was selling gold, and I haven't seen anybody review it on YouTube," buyer Blaine Silverman said on "The Big Money Show" Thursday.COSTCO GOLD AND SILVER S
  
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• After community backlash, celeb chef David Chang will no longer enforce 'chili crunch' trademark

  13-04-2024 02:04 via cbc.ca
  
  After days of criticism, celebrity chef David Chang said he will no longer enforce the trademark for his chili crunch condiment. 
  
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• US Steel shareholders vote on controversial Nippon deal

  13-04-2024 01:37 via foxbusiness.com
  
  U.S. Steel shareholders approved the $14.1 billion controversial takeover by Japanese-owned Nippon Steel. More than 98% of the shares voted at Friday’s meeting to approve the merger, making up about 71% of the company’s outstanding stock, U.S. Steel said. "The overwhelming support from our stockholders is a clear endorsement that they recognize the compelling rationale for our transaction with [Nippon Steel Corporation]," said U.S. Steel President and CEO David Burritt
  
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• LARRY KUDLOW: Democrats sure know how to lose an election

  12-04-2024 23:46 via foxbusiness.com
  
  There he goes again, again and again. Just this morning, President Biden announced another $7.4 billion in student debt bailouts for 277,000 borrowers. This comes to $153 billion in proposed student debt cancelations that would cover 4.3 million people. Of course… the Supreme Court ruled that Mr. Biden does not have the authority to cancel student loans, in a 6–3 decision entitled Biden v. Nebraska. That specifically struck down use of the so-called 9/11-related HEROES Act for
  
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• How much will taxpayers foot for Biden's student loan handouts? A half-trillion, UPenn's Wharton School says

  12-04-2024 23:35 via foxbusiness.com
  
  The White House announced another student loan handout on Friday, bringing the total number of borrowers who have received President Biden’s debt relief so far to 4.3 million. According to the White House, the total student loan cancellation sum is a whopping $153 billion."Today, my Administration is canceling student debt for 277,000 more people, bringing the total number of Americans who have been approved for debt relief so far under my Administration to 4.3 million borrowers through va
  
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• Stocks tumble as inflation jumps, JPMorgan CEO Dimon's warning and Masters fever

  12-04-2024 22:56 via foxbusiness.com
  
  -Inflation heats up, putting the Federal Reserve in limbo -JPMorgan CEO Jamie Dimon delivers warning on two big economic risks -Stocks hit with broad selloff in inflation and Fed jitters -Former President Donald Trump's Truth Social stock battered -Rite Aid shuttering more stores -Masters fever sweeps the world as golf elites hit the green -Tax Day is Monday LIVE PRICES FOR CRYPTOCURRENCIES: HERERED HOT: Inflation is showing no signs of cooling after the Consum
  
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• US national debt tracker for April 12, 2024: See what American taxpayers (you) owe in real time

  12-04-2024 22:29 via foxbusiness.com
  
  The U.S. national debt is climbing at an astronomical pace and has shown no signs of slowing down despite the heightened scrutiny on government spending.The national debt — which measures what the U.S. owes its creditors — increased to $34,550,836,614,631.68 as of Thursday afternoon, according to the latest numbers published by the Treasury Department. That is down about $10 billion from the $34,561,015,516,956.28 figure reported the previous day.By comparison, just four decades ago,
  
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• US consumer sentiment falls more than expected as inflation fears rise

  12-04-2024 21:46 via foxbusiness.com
  
  U.S. consumer sentiment and Americans' view on the economy both fell more than expected in April, as inflation expectations rose.The University of Michigan's consumer sentiment index released Friday fell to 77.9, down from 79.4 in March. Economists polled by LSEG had expected a reading of 79.American households are turning more pessimistic as higher prices for everyday items take their toll. The latest University of Michigan read on consumer sentiment for April fell to 79.3 after coming in
  
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• What is Tax Day? Everything you need to do about the deadline to file your taxes

  12-04-2024 21:42 via foxbusiness.com
  
  Tax Day is quickly nearing, meaning the clock is winding down for Americans to file their returns. You can file your taxes electronically or by mail. Submitting electronically will make for the faster receipt of a refund and is the quickest way to get your information filed to the Internal Revenue Service (IRS). If you do file by mail, make sure your envelope is postmarked by the due date. Make sure you have all your documentation together and submit it before the filing deadline to av
  
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• 4 weird ways you’re spending unnecessarily in your home without even realizing

  12-04-2024 21:42 via foxbusiness.com
  
  You work hard for the money you earn. Don’t let it be spent wastefully.If you’re trying to save a dime, there are ways to do so, starting right at home with simple changes.Look out for these four ways you could be wasting money in your home without even realizing it.10 THINGS YOU CAN DO RIGHT NOW TO FINANCIALLY PLAN FOR YOUR FUTUREThis is a point you’ve probably heard time and time again, but it's an important one.The average household in the United States wastes a whopping $1,
  
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