• Justin Trudeau takes aim at NDP over EU-Canada trade pact as summit wraps up
    The Canadian Press19 minutes ago

    Justin Trudeau takes aim at NDP over EU-Canada trade pact as summit wraps up

    MONTREAL — Prime Minister Justin Trudeau is calling out New Democrats after their leader encouraged French lawmakers to reject the comprehensive trade agreement between the European Union and Canada.Jagmeet Singh, along with Green Leader Elizabeth May, signed a letter this week urging politicians in

  • About 10,000 au pairs to get paid in class-action settlement
    The Canadian Press20 minutes ago

    About 10,000 au pairs to get paid in class-action settlement

    DENVER — About 10,000 live-in childcare workers from around the world will be paid an average of $3,500 each under a class-action settlement that alleged exploitation of the mostly young women who perform the jobs.U.S. District Judge Christine Arguello (ar-GWAY'-oh) gave final approval to the $65.5

  • Netflix subscriber drop hints at streaming-service fatigue
    The Canadian Press22 minutes ago

    Netflix subscriber drop hints at streaming-service fatigue

    NEW YORK — How much is too much for streaming video?A dramatic slowdown in worldwide growth at Netflix — including the first quarterly drop in its U.S. subscribers since 2011 — is raising questions about just how much are people willing to pay for streaming services. Especially with a host of new ones

  • Rates Traders Are Camped on Either Side of Big Divide Over Fed Cuts
    Bloomberg23 minutes ago

    Rates Traders Are Camped on Either Side of Big Divide Over Fed Cuts

    (Bloomberg) -- The relative steadiness of market pricing for 2019 Federal Reserve rate cuts over the past month may look like conviction, but it’s hiding a major divergence in investors’ views and potentially a window of opportunity.Fed funds futures indicate about 80 basis points of easing by the end

  • Trump Says U.S. Warship Downed Iran Drone Near Strait of Hormuz
    Bloomberg8 minutes ago

    Trump Says U.S. Warship Downed Iran Drone Near Strait of Hormuz

    (Bloomberg) -- President Donald Trump said the U.S. “immediately destroyed” an Iranian drone that approached the USS Boxer near the Strait of Hormuz, the latest sign of escalating military tensions around the critical oil chokepoint.The drone was a threat to the ship and its crew, Trump said at the White

  • Mining Rookie Makes Debut With $1 Billion Copper Project
    Bloomberg28 minutes ago

    Mining Rookie Makes Debut With $1 Billion Copper Project

    (Bloomberg) -- Ecuador’s ambition to become a mining superpower is being tested as the South American nation’s first large-scale copper mine starts operations.The $1 billion Mirador project in Zamora-Chinchipe province started ramping up production Thursday, Ecuador’s vice-ministry of mines said. The

  • Stock market news: July 18, 2019
    Yahoo Finance30 minutes ago

    Stock market news: July 18, 2019

    U.S. stocks were flat Thursday as corporate earnings continue to roll in, with trade and growth concerns lingering in the background.

  • Bloomberg34 minutes ago

    Barneys Is Considering Bankruptcy as Rent Increases, Cash Tightens

    (Bloomberg) -- Luxury department store Barneys New York Inc. is exploring restructuring options that could include filing for bankruptcy as it struggles to keep up with higher rent and adapt to changing consumer habits.Barneys is working with financial advisers at MIII Partners and lawyers at Kirkland

  • U.S. Stocks Climb, Dollar Falls on Fed-Cut Wagers: Markets Wrap
    Bloomberg44 minutes ago

    U.S. Stocks Climb, Dollar Falls on Fed-Cut Wagers: Markets Wrap

    (Bloomberg) -- U.S. stocks rebounded and the dollar fell after Federal Reserve Bank of New York President John Williams highlighted the need for swift action should policy makers conclude the economy is in trouble.The S&P 500 Index erased losses, led by consumer and financials stocks, while Treasury

  • Deemed dangerous, Epstein denied bail in sex abuse case
    The Canadian Press44 minutes ago

    Deemed dangerous, Epstein denied bail in sex abuse case

    NEW YORK — A judge denied bail for jailed financier Jeffrey Epstein on sex trafficking charges Thursday, saying he poses a danger to the public and might use his "great wealth and vast resources" to flee the country.Epstein, with his hands folded before him, showed no reaction to the announcement

  • Oil Falls to Four-Week Low on Trade Angst, Oversupply Worries
    Bloomberg48 minutes ago

    Oil Falls to Four-Week Low on Trade Angst, Oversupply Worries

    (Bloomberg) -- Oil slid to the lowest in almost a month as pessimism about a trade truce between the U.S. and China continued to dog markets, while the resumption of Russian pipeline flows fed worries about a supply glut.Futures tumbled 2.6% on Thursday in New York, the fourth straight loss. Crude joined

  • Mnuchin: Negotiators agree on core elements of budget deal
    The Canadian Press48 minutes ago

    Mnuchin: Negotiators agree on core elements of budget deal

    WASHINGTON — Treasury Secretary Steven Mnuchin said Thursday that negotiators have reached an agreement on the core elements of a deal to increase the government's borrowing cap and set a $1.3 trillion overall level for the agency budgets that Congress passes each year.He told CNBC's "Squawk

  • Stocks shake off an early slump and head higher
    The Canadian Press53 minutes ago

    Stocks shake off an early slump and head higher

    NEW YORK — U.S. stocks reversed course and headed higher in afternoon trading as technology and bank stocks rallied.IBM rose 3.9% after reporting solid results. The company, along with Apple, helped lift the technology sector to lead the broader gains.Banks led financial stocks higher. BB&T rose 2.9%

  • The Space Race: From Apollo 11 to Elon Musk
    Bloomberg36 minutes ago

    The Space Race: From Apollo 11 to Elon Musk

    Jul.18 -- It's 50 years since the world was gripped by historic images of Apollo 11, and Neil Armstrong -- the first man to walk on the moon. It was the height of the Cold War, and the charts were filled with David Bowie's Space Oddity, and Creedence's Bad Moon Rising. The world is a very

  • Hibernia suspends oil production after 12,000-litre spill off Newfoundland
    The Canadian Press1 hour ago

    Hibernia suspends oil production after 12,000-litre spill off Newfoundland

    ST. JOHN'S, N.L. — Oil production is temporarily shut down on the Hibernia oil platform off Newfoundland's east coast after about 12,000 litres spilled out of a storage container into the ocean.A report on the website of the Canada-Newfoundland and Labrador Offshore Petroleum Board says the oil

  • Facebook's Libra gets stark warning from G-7 finance chiefs
    The Canadian Press1 hour ago

    Facebook's Libra gets stark warning from G-7 finance chiefs

    CHANTILLY, France — Finance chiefs from the Group of Seven rich democracies issued a stark warning on Thursday that cryptocurrencies like the Libra digital money recently unveiled by Facebook should not be allowed before "serious regulatory and systemic concerns" are addressed.France, which

  • Bloomberg1 hour ago

    Axalta Draws Interest From Kansai Paint and PPG

    (Bloomberg) -- Axalta Coating Systems Ltd., the car-paint maker exploring a sale, has drawn preliminary interest from rival companies, according to people familiar with the matter.Kansai Paint Co. Ltd. and PPG Industries Inc. are among firms considering making offers, said the people, who asked to not

  • Bloomberg1 hour ago

    Jeffrey Epstein's Socialite Pal Ghislaine Maxwell Asks Court to Keep Files Sealed

    (Bloomberg) -- A British socialite who has long denied she was involved with Jeffrey Epstein’s alleged sexual abuse of underage girls told a federal appeals court that the media’s “furious feeding frenzy” justified keeping secret about 2,000 documents from a defamation suit by an alleged victim.Ghislaine

  • Bloomberg1 hour ago

    Tech IPOs Keep Popping as Phreesia Surges 53% in Debut

    (Bloomberg) -- The popping phenomenon in technology IPOs extended into the second half on Thursday, when health care software developer Phreesia Inc. surged as much as 53% above its offering price.Phreesia’s pop follows ten other initial public offerings that debuted at least 50% above their IPO prices

  • Toys R Us plans a small comeback with 2 stores this year
    The Canadian Press1 hour ago

    Toys R Us plans a small comeback with 2 stores this year

    NEW YORK — The first two new Toys R Us stores — one in Texas, the other in New Jersey — will open in November as part of a small comeback of the defunct iconic toy chain in the U.S.Richard Barry, a former Toys R Us executive and now CEO of the new company called Tru Kids Brands, says an online experience

  • Bernard Arnault Begets More Billionaires as Beauty Bets Pay Off in China
    Bloomberg1 hour ago

    Bernard Arnault Begets More Billionaires as Beauty Bets Pay Off in China

    (Bloomberg) -- Bernard Arnault’s good fortune is rubbing off on some of China’s biggest skin-care companies and their founders.The French fashion tycoon, who supplanted Microsoft Corp. co-founder Bill Gates as the world’s second-richest person this week, achieved that milestone with a little help from

  • Bloomberg1 hour ago

    U.S. Demands Iran Release Foreign Ship, Crew Seized This Week

    (Bloomberg) -- The U.S. condemned Iranian naval activity in the Persian Gulf and demanded the Islamic Republic release a small tanker and its crew that its forces seized earlier this week as tensions in the Persian Gulf remain high.Iran said it seized the ship -- the Panamanian-flagged Riah -- because

  • Bloomberg2 hours ago

    Trump to Host U.S., Qatar Airline CEOs in White House Showdown

    (Bloomberg) -- President Donald Trump is poised to meet with the heads of American Airlines Group Inc., United Airlines Holdings Inc. and Qatar Airways to discuss competition issues amid a long-running feud pitting the U.S. carriers against their Persian Gulf rivals, people familiar with the matter said.Vice

  • Bank of America CEO reveals millennials shockingly aren't broke, but have $200 billion saved
    Yahoo Finance2 hours ago

    Bank of America CEO reveals millennials shockingly aren't broke, but have $200 billion saved

    Bank of America CEO Brian Moynihan just went a long way in showing not all millenials are broke.

  • Trump: Administration to review Pentagon computer contract
    The Canadian Press2 hours ago

    Trump: Administration to review Pentagon computer contract

    WASHINGTON — President Donald Trump says the administration will "take a very long look" at a massive multibillion-dollar contract the Pentagon is about to award for a cloud computing system.Amazon Web Services Inc., a division of Amazon, and Microsoft Corp. are finalists for the contract estimated