Tag: business current events

US added 339,000 jobs last month, far more than expected

The nation’s employers stepped up their hiring in May, adding a robust 339,000 jobs, well above expectations and evidence of strength in an economy that the Federal Reserve is desperately trying to cool.

Friday’s report from the government showed that the unemployment rate rose to 3.7 per cent, from a five-decade low of 3.4 per cent in April.

The stronger hiring demonstrates the job market’s resilience after more than a year of rapid interest rates increased by the Fed. Many industries, from construction to restaurants to health care, are still adding jobs to keep up with consumer demand and restore

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CPP Investments reports 1.3% return for latest fiscal year – Business News

CPP investments earn 1.3%

The Canadian Press – | Stories: 428311

The Canada Pension Plan Investment Board earned a net return of 1.3 per cent in its most recent fiscal year as inflation and rising interest rates weighed on both stock and fixed-income markets.

The board says the investment gains combined with net transfers from the Canada Pension Plan brought its net assets to $570 billion on March 31, up from $539 billion a year earlier.

CPP Investments says the increase included $8 billion in net income and $23 billion

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Prices for some Blue Jays season tickets are doubling. No, fans are not happy

The Toronto Blue Jays may be tied at the bottom of the AL East standings, but that’s not the only reason some fans are upset.

After an April email was sent out to season ticket holders on the next phase of the $300-million renovation of Rogers Centre, some longtime Jays fans were dismayed to realize their coveted seats in the lower bowl will no longer exist, and that they face a steep price increases if they want to continue to be season ticket holders and select new seats.

Some fans relayed to media outlets that they were told new seats

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Tucker Carlson leaves Fox News days after Dominion lawsuit settlement

April 24 (Reuters) – Fox News Media and its top-rated host Tucker Carlson have agreed to part ways, less than a week after parent company Fox Corp (FOXA.O) settled for $787.5 million a defamation lawsuit in which Carlson played a starring role roles.

The outspoken Carlson embraced conservative issues and delivered his views with a style that made his prime-time show, “Tucker Carlson Tonight”, the highest-rated cable news program in the key 25-to-54 age demographic on the most-watched US cable news network. Shares of Fox closed 2.9% lower on the news, which the company announced on Monday.

Dominion Voting Systems

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Want a digital Canadian dollar? The Bank of Canada wants to know

The Bank of Canada said it still thinks a digital version of the dollar is unnecessary, but it wants to know what Canadians think about the possibility anyway.

Canada’s central bank stepped up its years-long investigation of cryptocurrency on May 8, initiating a public consultation on the subject of a central bank digital currency. Policymakers said they will take submissions until June 19.

“As Canada’s central bank, we want to make sure everyone can always take part in our country’s economy,” senior deputy governor Carolyn Rogers said in a press release on May 8.

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Can Your Practice Afford a Data Breach?

Probably not.

A recent study found that the total average cost of a healthcare breach is $10.10 million.

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Can your healthcare practice afford a breach? Most healthcare entities cannot.

Since 2020, healthcare breach costs have risen by 42%.

As we know healthcare breaches are incessant, it is important to understand trends.

The trends that have emerged over the past few years are:

  1. Repeat attacks. Many healthcare entities have
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WestJet closes deal to buy Sunwing Vacations and Sunwing Airlines – Business News

WestJet closes Sunwing deal

The Canadian Press – | Stories: 424375

The WestJet Group says it has closed its acquisition of Sunwing Vacations and Sunwing Airlines that was first announced in March last year.

The company says that, initially, the airlines will continue independent operations.

However, WestJet says the two airlines will move from being competitors to collaborators.

Stephen Hunter, formerly the CEO of Sunwing Vacations, has been appointed CEO of the WestJet Group’s vacations business. Hunter will be responsible for all tour operating and vacation package businesses at both

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Tupperware stock plummets after warning it may go out of business

Tupperware says it may go out of business


Tupperware may go out of business, the company warns

04:34

Tupperware is warning it may go out of business, just three years after the retro brand enjoyed a surprise surge from legions of pandemic shut-ins trying their hands at cooking.

The Orlando-based company said it had “substantial doubt about its ability to continue as a going concern” in a press release and filing securities.

Shares of the direct marketing company plunged 50% after the announcement late Friday. Tupperware’s stock was trading at about $1.28 a share Tuesday, down 70% since the start

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