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Slowing inflation does not mean you get your spending power back
Investors in financial markets were ecstatic when the latest inflation data seemed to show that rising prices in the United States had peaked.While business journalists often imply that increasing share values are a universally good…
Upstart stock drops after earnings, but CEO says he’s ‘confident’ in value
Upstart Holdings Inc. shares fell after the company delivered a lower-than-expected revenue forecast for the current quarter, but its chief executive expressed confidence in the performance and value of…
Ready to cash out some gains on this stock market run? An exit path is
Welcome to moody Monday, with stock futures down and oil prices getting hit hard after a batch of downbeat data from China, alongside a surprise rate cut.Some say that the global growth engine’s economic issues belong in a different box…
Ontario’s wedding industry is swamped, but is a full recovery within reach?
Couples are finally making their way down wedding aisles in Ontario after years of pandemic-related restrictions derailed many matrimonial plans.For industry members, the 2022 wedding season is like nothing they've ever experienced. But…
Duplex apartment in Park Avenue tower that once housed John D. Rockefeller,
A 14-room duplex in one of New York City’s most well-heeled co-op buildings, 740 Park Ave., came on the market Wednesday asking $26 million. Built in 1929 by James T. Lee, the banker and real-estate investor…
How this man went from unemployment to early retirement in the Caribbean
“I’m having the time of my life,” Mike Whalen beams, when I meet him at his restaurant in Ambergris Caye, Belize. “I’m still learning as I go, but what better place to do it than a tropical island? I live and work…
Canada’s economy was flat in May, a sign a slowdown is already underway
Canada's economy didn't expand at all in May, the second month of the year that its failed to eke out any gains, Statistics Canada said Friday.The data agency said that a slight uptick in the service sector wasn't enough to offset a…
Treasury yields fall in choppy trade to start August
Long-dated Treasury yields fell Monday as investors weighed prospects for recession and the pace and scope of future Fed rate increases.What yields are doing
The 2-year Treasury note yield…
Despite warm summer, red-hot inflation putting a chill on ice cream truck
It's been a scorching summer across much of Canada, but that is cold comfort for ice cream truck operators like Meedo Falou, who says inflation and high fuel costs are melting away his profits.On a sweltering Thursday morning, the owner…
GSK defends Zantac ahead of trials that have cratered the stock
GSK on Friday put out a statement saying there’s no link between a withdrawn heartburn medication and cancer, helping to stem a slide in its stock that has wiped out billions of dollars in valuation from leading…