Households have savings The Canadian Press – Feb 17, 2023 / 10:44 am | Story: 412057 Photo: The Canadian Press A new BMO report suggests excess household savings in Canada and the US may help both countries avoid a severe economic downturn amid high interest rates. Pedestrians walk through a sliver of sunlight in the…
Category: Business News
Are You Prepared for Russian Ransomware?
Recently, a health network in Pennsylvania was hacked by a Russian ransomware gang called BlackCat. We can help you stay on top of the latest news that affects your everyday life. Subscribe to stay up to date. (To subscribe to our blog click here). BlackCat attacked a physician practice in Pennsylvania, but did not disrupt…
‘The worst is behind us’ [Video]
Real estate may be seeing signs of life. Still, the market will only take off if interest rates drop, Barbara Corcoran, founder of Corcoran Group and Shark Tank investor, said on Yahoo Finance Live (video above.) “The worst is behind us,” she said. “It’s going to have to drop two points and people are going…
CIBC agrees to settle Cerberus lawsuit for US$770 million – Business News
CIBC settles for US$770M The Canadian Press – Feb 17, 2023 / 6:47 pm | Stories: 412161 Photo: The Canadian Press CIBC says it has entered into an agreement to settle a lawsuit filed against it by private equity firm Cerberus Capital Management LP. The company says it’s agreed to pay US$770 million to Cerberus,…
Prominent Chinese investment bank says its founder is unreachable
Shares of the company that operates one of China’s top investment banks, China Renaissance, plunged Friday after the firm said it had lost touch with its founder, Bao Fan, one of the country’s most high-profile bankers and a top tech-sector dealmaker. China Renaissance Holdings said in a filing to Hong Kong’s stock exchange Thursday that…
Russia blocks access to The Bell news website
MOSCOW (Reuters) – Russia on Sunday blocked access to The Bell, a news outlet founded by one of Russia’s top journalists, the latest website to be taken offline as Moscow cracks down on independent media. Russia has blocked dozens of news sites since it invaded Ukraine last year, often accusing them of publishing “fake” news…
What Russia’s economic resilience means for the war in Ukraine
Since the Russian invasion of Ukraine nearly a year ago, attempts have been made to clobber its economy. Russian businesses have been cut off from the vast tracts of the Western world. Its oligarchs have been sanctioned and had their yachts seized. And yet, by almost every measure, the Russian economy has weathered the last…
Chattanoogan Bill Kilbride to remain TVA chairman and other business news
Chattanoogan Bill Kilbride to remain TVA chairman Chattanoogan Bill Kilbride will remain as chairman of America’s biggest public utility until November unless his replacement is named and confirmed before then. In the first meeting of a full nine-member TVA board since 2019, Kilbride was elected Thursday to remain as chairman of the Tennessee Valley Authority…