Canada Mortgage and Housing Corp. says the annual pace of housing starts in February climbed 14 per cent compared with January. Bounce-back from January was anticipated, says economist. The pace of new home construction climbed 14 per cent in February compared to the previous month, Canada Mortgage and Housing Corp. …
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McDonald’s hit by tech outage in several countries around the world
McDonald’s said Friday a technology outage had disrupted operations at many of its outlets worldwide, including in Japan, the U.K. and Australia, but it ruled out the possibility of a cybersecurity incident. Fast-food restaurant chain said issue has since been resolved. McDonald’s apologized Friday for a technology outage had disrupted …
Read More »Bitcoin not invented by computer scientist Wright — court
Bitcoin stock image./Image by Michael Wuensch from Pixabay LONDON, United Kingdom — Australian computer scientist Craig Wright is not “Satoshi Nakamoto”, the pseudonym used by the creator of the cryptocurrency bitcoin when it launched in 2008, a UK court ruled Thursday. The decision follows a trial in London’s High Court …
Read More »Left with few options, major U.S. airlines are using Boeing’s safety crisis as leverage
Airline executives are frustrated with Boeing as its safety crisis has upended their business plans. But in a tight market for large aircraft supplied by two companies, they have little choice but do business with the U.S. plane maker. Carriers are still negotiating new plane orders despite public displays of …
Read More »Dollar Tree is closing nearly 1,000 U.S. stores a decade after ‘botched’ acquisition
Dollar Tree swung to a surprise fourth-quarter loss and will close nearly 1,000 stores after the discount retailer slashed the value of a rival chain it acquired almost a decade ago. Discount retailer acquired Family Dollar for over $8B in 2015, had difficulty absorbing the chain. Dollar Tree swung to …
Read More »SaltWire’s money woes a sign of bigger problems in the newspaper business: experts
The recent decision by SaltWire Network Inc., Atlantic Canada’s largest newspaper company, to seek protection from its creditors is another sign of the decline of the business and the growing threat to local journalism, experts said Tuesday. ‘It points to the continued peril of local journalism in any format these …
Read More »TikTok crackdown passes U.S. House: What to know about today’s vote
The U.S. Congress is inching toward a crackdown on the popular platform that could have far-reaching implications for social media in the country. Here’s what’s at stake in Wednesday’s House of Representatives vote on TikTok. 5 key details about Wednesday’s landmark moment in the history of social media. The U.S. …
Read More »Reddit, birthplace of the meme stock, is going public. Here’s what to expect
When Reddit goes public later this month, it will be the first major social media platform to do so in years. The company is aiming for a target valuation of up to $6.4 billion US when it launches its IPO (initial public offering) on the New York Stock Exchange, giving …
Read More »Former Boeing employee who reportedly raised concerns about company found dead
John Barnett, a former Boeing employee who had reportedly raised concerns about the company’s production issues, was found dead of an apparent suicide, according to authorities in South Carolina. John Barnett died of an apparent suicide, coroner’s office says, amid multiple probes into airline’s safety. John Barnett, a former Boeing …
Read More »U.S. inflation ticked up in February, driven by higher rent and gas prices
U.S. consumer prices increased solidly in February amid higher costs for gasoline and shelter, suggesting some stickiness in inflation that could delay an anticipated June interest rate cut from the Federal Reserve. Before data, markets anticipated 70 per cent chance of the Fed cutting rates in June. U.S. consumer prices …
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