President Joe Biden is set to devote significant portions of Tuesday night’s speech not to any new initiatives, but to remind Americans of his accomplishments in the last two years and dusting off his ‘implementer-in-chief’ bona fides for programs that are rolling out . The president has good reason for this approach. Biden has signed…
Category: Business News
A shortage of pilots is making travel chaos in Canada even worse
From pandemic-related travel restrictions to extreme weather events, Canada’s travel industry has navigated an unprecedented amount of uncertainty of late. And now, just as demand for travel has returned to its 2019 level, airlines are navigating their next patch of turbulence: a lack of qualified pilots. According to Transport Canada, in a typical pre-pandemic year,…
Tech stocks extend post-Fed rally, Dow futures lag
US stocks finished mixed Thursday, highlighted by a vault upward by tech stocks following the Federal Reserve’s latest interest rate hike and ahead of another batch of earnings from the industry’s biggest players. The technology-heavy Nasdaq Composite (^IXIC) soared by more than 3% at the close. The S&P 500 (^GSPC) added 1.5%, while the Dow…
‘Is it actual weed?’ First weekend of recreational pot sales open in Missouri to joy and exuberance.
st. LOUIS — Steve Campbell was ready with a joke. Campbell was the first person at the Good Day Farm marijuana dispensary in the Central West End on the first day recreational-use marijuana was sold in Missouri. He walked through the door to applause from the staff. But Campbell, 67, had a confused look on…
Tim Hortons app users get free beverage and baked good in settlement
Breadcrumb Trail Links Retail & Marketing News Class action alleged the coffee chain’s mobile app breached users’ privacy Published Feb 01, 2023 • Last updated 2 days ago • 3 minute read 24 Comments Under the settlement, eligible Tim Hortons’ mobile app users have been given two credits to be used to redeem one free…
Nestle Canada to wind down Delissio pizza, frozen meals business
Article content TORONTO — Nestle Canada’s decision to pull its pizza and frozen meals from Canada over the next six months could leave a gap in supermarket freezers, a food expert says. Article content The four brands that will no longer be sold in the freezer aisle at Canadian grocery stores are Delissio, Stouffer’s, Lean…
FedEx Freight announces additional furloughs
FedEx Freight will furlough additional workers, the company confirmed Friday, a continuation of several months of cost-cutting measures by the logistics giant. “In response to business conditions continuing to impact volumes, FedEx Freight is enacting another temporary furlough in some US markets to align our workforce with operational requirements,” the company said. Some employees will…
US rates to keep rising as the Federal Reserve says a Canadian-style pause could be risky
The world’s most powerful central banker, Jerome Powell, has decided against following Canada’s lead and will not commit to taking a break in raising interest rates. While specifically noting the Bank of Canada’s rate hike pause a week ago, US Federal Reserve chair Powell refused to echo Canadian central bank governor Tiff Macklem’s optimism that…