Amazon halts drone deliveries in California, but kicks off operations in Phoenix

Global News
Loblaw boycott begins — will Canada's biggest grocer feel the pinch?
The campaign to boycott Loblaw stores has officially kicked off, but will Canadians stop shopping at the grocery giant's various banners — including the Real Canadian Superstore, Shoppers Drug Mart, No Frills, T&T, Zehrs, Provigo, and Dominion? Anne Gaviola explains what's prompted the boycott, and whether it will have a meaningful impact.
Reuters
US stands to lose Canadian natural gas when LNG Canada terminal starts up
The start-up of LNG Canada, the country's first such export terminal, is likely to strain its natural gas supplies for multiple years and force producers to reduce exports to the U.S., where demand for the fuel is record high, companies said. Shell-led LNG Canada has begun testing its C$40-billion British Columbia terminal ahead of commercial operations starting in mid-2025. The terminal will process up to 2 billion cubic feet per day (bcfd), representing 11% of current Canadian gas output.
Yahoo Finance Canada
Galen Weston calls Loblaw boycott 'misguided criticism', says grocer not responsible for higher prices
"Their frustration is understandable, but this kind of expectation betrays a misunderstanding of what's actually driving food prices higher in this country."
Bloomberg
Trump Media’s Accounting Firm Accused of Massive Fraud Affecting More Than 1,500 SEC Filings
(Bloomberg) -- The Securities and Exchange Commission accused the auditor of Donald Trump’s social-media company of massive fraud that affected more than 1,500 regulatory filings.Most Read from BloombergSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineApple Rallies Most in 18 Months on Upbeat Forecast, BuybackTurkey Confirms All Trade Halt With Israel Over War in GazaTrump Auditions VP Picks Before Wealthy Donors in Palm BeachHuawei Secretly Backs US Research, Awarding Millions in P
The Independent
Accounting firm used by Trump Media hit with ‘massive fraud’ charge
The independent accounting firm for the Trump Media & Technology Group, BF Borgers, has been charged by the Securities and Exchange Commission with substantial fraud. The firm now faces allegations that they were running a “sham audit mill,” the SEC said in a statement. No allegations of wrongdoing against Trump Media, the owner of Truth Social, were put forward by the commission.
CNN Business
What went wrong at Red Lobster
Red Lobster, the poster child for American seafood, was dragged down by corporate mismanagement, competition and consumer shifts.
Reuters
Rivian receives $827 million in incentives to expand Illinois facility, shares jump
The Irvine, California-based company's shares rose nearly 10% in afternoon trade after having lost more than 60% of their value this year, as of Wednesday's close. With the addition of the R2, Rivian expects a total annual capacity of 215,000 vehicles. The company said the funds from the state of Illinois would be spent on expanding the plant, improving public infrastructure and job training programs for its workforce.
The Canadian Press
TD penalties expected to be higher on alleged drug money laundering link: analyst
TORONTO — A banking analyst says TD Bank Group could be hit with more severe penalties than previously expected after a report that the investigation it faces in the U.S. is tied to laundering illicit fentanyl profits. National Bank analyst Gabriel Dechaine says the worst-case scenario of the multiple U.S. investigations TD faces needs reassessing after the Wall Street Journal reported the link Thursday. The newspaper said the U.S. Justice Department investigation is focused on how Chinese drug
SmartAsset
The Last 5 Years Before You Retire Are Critical: Everything You Should Do Before Time Runs Out
Retirement can seem like a faraway goal until all of a sudden, it's not. When you only have a few years left until you retire, the financial decisions you make take on a new importance. Once you're inside the five-year window, that's a good time to review your plan to make sure you're on track. […] The post How to Master the Last 5 Years Before Retirement appeared first on SmartReads CMS - SmartAsset.
The Canadian Press
Pipeline operator TC Energy sees natural gas deliveries rise as power demand booms
CALGARY — Canadian pipeline operator TC Energy Corp. achieved record deliveries on its natural gas pipeline systems in the first quarter, thanks to booming North American electricity demand. The Calgary-based company said Friday its comparable earnings from its Canada, U.S. and Mexico natural gas segments amounted to $2.37 billion in the first three months of 2024, up from $2.18 billion in the same period of 2023. The company said deliveries on its NGTL system, which transports natural gas from
Yahoo Finance Video
Could a 4-day workweek increase productivity?
According to a February 2023 Future Forum global survey, 42% of workers feel burned out. Employers are increasingly seeking opportunities to prioritize their employees' work-life balance. 4 Day Week Global Research Director Alex Pang joins Wealth! to discuss whether a four-day workweek could be the solution. Pang explains that a reduced workweek benefits both the employer and the employee, as productivity and retention rise while overall burnout decreases. "What we're finding is there are ways of using technology better, of making improvements in things like meetings...that allow you to create time that you can give back to people while also making work time itself more productive and effective," he tells Brad Smith. Pang also notes that a four-day workweek would not affect employee pay, allowing them to receive the same salary under reduced working hours. "The idea is that you're doing the same work," he explains, adding that it also serves as "a great incentive" to find efficiencies and innovate. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Melanie Riehl
Reuters
Ahead of Xi visit, Chinese share of French EV market slumps
PARIS (Reuters) -French government efforts to slow an influx of Chinese-made electric vehicles are bearing fruit, industry data show, highlighting one of the most sensitive trade issues when China's president visits next week. A surge in imports of Chinese electric cars into Europe has triggered EU tariff threats, which are expected to be a bone of contention when President Emmanuel Macron hosts his Chinese counterpart for a state visit on Monday. France did not wait for a European Union decision on implementing tariffs, instead redesigning its cash bonus scheme in December to exclude the purchase of models made in China, which had rapidly gained market share.
Bloomberg
Exxon to Conclude Takeover With Pioneer Founder Under a Cloud
(Bloomberg) -- The US Federal Trade Commission declined to challenge Exxon Mobil Corp.’s $60 billion purchase of Pioneer Natural Resources Co. on the condition that Pioneer co-founder Scott Sheffield be excluded from the supermajor’s board. Most Read from BloombergSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineTurkey Confirms All Trade Halt With Israel Over War in GazaHuawei Secretly Backs US Research, Awarding Millions in PrizesBiden Calls Ally Japan ‘Xenophobic’ Along With China
Washington Post
Apple, Google and Venmo fight new U.S. plan to monitor payment apps
The U.S. government is weighing whether to treat Apple, Google and PayPal-owned Venmo more like banks - and regularly inspect some of their operations - in a move meant to protect millions of Americans who now use their smartphones to pay at the register and send money to family and friends. But the prospect of heightened federal oversight has sparked deep and wide-ranging unease throughout the tech industry, triggering a lobbying offensive that aims to limit the government’s power to monitor mo
Reuters
Canadian miner Hudbay sees BHP's bid for Anglo boosting copper assets
The CEO of Canadian miner Hudbay Minerals said BHP Group's $39 billion offer for Anglo American has increased the valuation of copper assets and could underscore companies' willingness to pay a premium to buy existing copper mines. Hudbay expects to launch a formal sale process for a minority stake in its Arizona Copper World project in the United States later this year after already holding talks with companies. BHP offered to buy Anglo last week, though Anglo rejected the proposal that would create the world's biggest copper miner, saying it undervalues the company.
Reuters
UPDATE 1-US appeals court says kids' climate lawsuit must be dismissed
A U.S. appeals court on Wednesday said a lawsuit filed by 21 young people claiming the U.S. government's energy policies violate their rights to be protected from climate change must be dismissed, this time for good. A three-judge panel of the San Francisco-based 9th U.S. Circuit Court of Appeals said in a five-page order that the case should have been dismissed after the court first weighed in on the matter in 2020, when it said courts could not mandate broad policy changes that are better left to Congress and the executive branch. While the young plaintiffs have since trimmed the lawsuit to seek only a declaration that their rights have been violated, the 9th Circuit said lawsuits must address harms that can be remedied by courts and such a declaration would not directly help the plaintiffs.
Bloomberg
Buffett Devotees Head to Omaha for First Meeting Without Munger
(Bloomberg) -- When Berkshire Hathaway Inc. devotees gather in Omaha on Saturday for its annual meeting, there will be a noticeable void on stage.Most Read from BloombergUS and Saudis Near Defense Pact Meant to Reshape Middle EastSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineBiden Calls Ally Japan ‘Xenophobic’ Along With China, RussiaHuawei Secretly Backs US Research, Awarding Millions in PrizesTurkey Halts All Trade With Israel Over War in GazaThe meeting is Berkshire’s first si
Financial Post
Posthaste: Over half of Canadians would pay more to support small grocers
58% would choose to pay more for items and services to support a small business
Simply Wall St.
We Think Shareholders May Want To Consider A Review Of Verizon Communications Inc.'s (NYSE:VZ) CEO Compensation Package
Key Insights Verizon Communications to hold its Annual General Meeting on 9th of May CEO Hans Vestberg's total...
CBC
Government confirms more details of return-to-office plan
The federal government has released more details about its plan to bring public servants back to the office three days a week, and says it expects departments to implement the updated hybrid schedule by early September.On its website Wednesday, the Government of Canada published a detailed directive on "prescribed presence in the workplace" for deputy heads of departments to follow. Earlier this week, a federal government source who was not authorized to speak publicly about the matter confirmed

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STOCKS SURGE AFTER SOFT U.S. JOBS PRINT, SOLID APPLE RESULTS

Amazon halts drone deliveries in California, but kicks off operations in Phoenix

Drone deliveries in Phoenix will begin later this year.

Latest Stories

Loblaw boycott begins — will Canada's biggest grocer feel the pinch?

US stands to lose Canadian natural gas when LNG Canada terminal starts up

Galen Weston calls Loblaw boycott 'misguided criticism', says grocer not responsible for higher prices

Trump Media’s Accounting Firm Accused of Massive Fraud Affecting More Than 1,500 SEC Filings

Accounting firm used by Trump Media hit with ‘massive fraud’ charge

What went wrong at Red Lobster

Rivian receives $827 million in incentives to expand Illinois facility, shares jump

TD penalties expected to be higher on alleged drug money laundering link: analyst

The Last 5 Years Before You Retire Are Critical: Everything You Should Do Before Time Runs Out

Pipeline operator TC Energy sees natural gas deliveries rise as power demand booms

Could a 4-day workweek increase productivity?

Ahead of Xi visit, Chinese share of French EV market slumps

Exxon to Conclude Takeover With Pioneer Founder Under a Cloud

Apple, Google and Venmo fight new U.S. plan to monitor payment apps

Canadian miner Hudbay sees BHP's bid for Anglo boosting copper assets

UPDATE 1-US appeals court says kids' climate lawsuit must be dismissed

Buffett Devotees Head to Omaha for First Meeting Without Munger

Posthaste: Over half of Canadians would pay more to support small grocers

We Think Shareholders May Want To Consider A Review Of Verizon Communications Inc.'s (NYSE:VZ) CEO Compensation Package

Government confirms more details of return-to-office plan