Business

Stock image of barrels of oil (Image by Schmucki from Pixabay)  NEW YORK, United States — Oil prices climbed Friday after US and UK forces launched strikes against Iran-backed Huthi rebels, while global stocks were mixed following the kickoff of corporate earnings season. Crude prices spiked more than four percent …

An onslaught of windy weather systems moving along the northeastern seaboard has left the ferry service scrambling to catch up with shipping delays — and that’s a new problem, Marine Atlantic’s spokesperson says.  About 50% of goods in Newfoundland arrive on trucks via ferry service. Unusually choppy waters off the …

The Vancouver clothing chain’s latest earnings were an improvement compared to the last two quarters, but the company still isn’t performing as well as it did at the beginning of last year. Vancouver retailer’s net income down 39% this quarter. Improved financial performance at Vancouver-based retailer Aritzia sent the company’s …

Rental firm Hertz Global Holdings said on Thursday it would sell about 20,000 electric vehicles, including Teslas, from its U.S. fleet due to higher expenses related to collision and damage, and will opt for gas-powered vehicles. Company says collision and damage costs are higher for electric vehicles. Rental firm Hertz …

A key Flair Airlines investor says a $30-million lawsuit filed against it by plane-leasing firms over claims of missed payments is “premature at best.” Lawsuit marks the latest act in a nearly year-long drama in Canadian aviation. A key Flair Airlines investor says a $30-million lawsuit filed against it by …

U.S. financial regulators have formally approved new bitcoin exchange-traded funds. The move is being heralded as a landmark moment in the history of cryptocurrency and its acceptance into mainstream financial markets.  Move is seen as a major shift in the acceptance of cryptocurrency into mainstream financial markets. After a head-spinning …

The World Bank on Wednesday maintained its 2024 growth forecast for the Philippines at 5.8 percent, despite a broader slowdown in the global economy.  The outlook still positions the Philippines as one of the fastest-growing economies in the Asia-Pacific region. It surpasses the bank’s projections for the world (2.4 percent), …

Online giant Amazon is eliminating hundreds of positions across various video and streaming divisions — cuts that come as the company has eliminated more than 27,000 jobs over the past year.  Online giant Amazon has cut more than 27,000 jobs over the past year. Online shopping giant Amazon is eliminating …

The U.S. Securities and Exchange Commission says that a social media post saying it had approved a spot bitcoin exchange-traded fund was false and its account had been compromised.  The Securities and Exchange Commission says a post made Tuesday on X was incorrect. The U.S. Securities and Exchange Commission (SEC) …

CES, the Consumer Technology Association’s annual show of all things tech, is underway in Las Vegas. See the industry’s latest advances and gadgets across personal tech, transportation, health care and more — with burgeoning uses of AI. Industry’s biggest tech show goes until Friday in Las Vegas. Romain Massebeuf, co-founder …