META’s VR headsets are getting a big, but inevitable, price cut because consumers aren’t buying as much as expected. The company today declared It drops the prices of its still-new Meta Quest Pro from $1,499.99 to $999.99, while its Meta Quest 2 drops from $499.99 to $429.99. That’s roughly a 33% drop when MetaQuest Pro…
Tag: business news report
The fight to tame inflation has only just begun
Inflation is decelerating quickly. It peaked at 8.1 per cent last summer. It fell to 5.9 per cent in January, and the Bank of Canada predicts it will fall to three per cent by the end of this year. But economists say that’s the easy part. The Bank of Canada has repeatedly said it’s committed…
Excess household savings may help economy avoid harsher downturns: BMO – Business News
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…
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,…
Is Your Practice Fraudulently Billing?
Most of our clients would obviously answer ‘no’, however, some providers are submitting bills incorrectly and could be subjecting themselves to hefty fines. 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). Recently, a Florida…
Bed Bath & Beyond Canada is going out of business, closing 54 stores
Bed Bath & Beyond’s Canadian operations are going out of business, according to a court filing on Friday, two days after the retailer quickly raised cash to stave off a US bankruptcy. The Canadian division, which operates 54 Bed Bath & Beyond stores and 11 buybuy BABY stores, is insolvent, the filing posted on the…
Earls to launch new restaurant banner: Birdies Eats & Drinks – Business News
Photo: Earl’s Kitchen + Bar. This is a rendering of an entrance to a future location at Brentwood Town Centre Vancouver’s Fuller Family is readying to launch in June a new restaurant banner: Birdies Eats & Drinks, with a first location in Burnaby. Its plan is to soon close its 26-year-old Earls Kitchen + Bar…
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…