Nordstrom to leave Canada The Canadian Press – Mar 2, 2023 / 1:57 p.m | Stories: 414122 Photo: The Canadian Press Shoppers take the escalators looking for Boxing Day deals at a Nordstrom store in downtown Toronto on Monday, Dec. 26, 2017. Nordstrom Inc. says it is winding down its Canadian operations and closing all…
Tag: business news today
Wells Fargo missing deposit glitch alarm customers. The bank said it was a ‘technical issue’
Photo taken in 2012 shows a Wells Fargo sign displayed on one of the bank’s branches in New York City. Some Wells Fargo customers were met with missing transactions on their accounts Friday, according to the bank. A statement on the company’s website warns that some users might find incorrect balances on their account, which…
Meta working on a decentralized social media app: Moneycontrol
Meta Platforms, the parent company of Facebook and Instagram, is exploring a decentralized text-based Twitter alternative, business news site Moneycontrol reported on Friday. See related articles: Meta’s metaverse division Reality Labs posts wider loss of $13.7 billion in 2022 Fast facts According to Meta documents reviewed by Moneycontrol, the decentralized social media app, coined P92,…
Stocks rally as Salesforce’s 11% gain lifts Dow while S&P, Nasdaq reverse early losses
Stocks rallied on Thursday with the Dow leading markets higher as a result from Salesforce (CRM) lifted the index, and the S&P 500 and Nasdaq shook off early losses to finish on the green. At the close on Thursday, the S&P 500 was up 0.76%, the Nasdaq higher by 0.73%, and the blue chip Dow…
11 states tax Social Security benefits. Do you live in one?
Just because you paid a payroll tax during your working years to fund Social Security doesn’t mean you’re done once you retire. Retirees may know that they will pay federal taxes on their social security benefits if their total income exceeds certain amounts. But few of them may realize that some states will also try…
Business insolvencies up 55% in January compared to 2022
Article content Business insolvencies in January were 55.4 per cent higher than last year, according to new data by the Office of the Superintendent of Bankruptcy. Article content The federal insolvency regulator on March 1 released its January 2023 statistics on insolvency in Canada, reporting an annual increase of 33.7 per cent in combined business…
Why Google is blocking some Canadians from seeing online news
Google is blocking some Canadian users from viewing news content in what the company says is a test run of a potential response to the Liberal government’s online news bill. Also known as Bill C-18, the Online News Act would require digital giants such as Google and Meta, which owns Facebook, to negotiate deals that…
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…