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Latest Stories

  • UK balance of payments gap hits record, ONS urges caution over data

    Britain racked up a record shortfall in its current account in early 2022, in part due to the soaring cost of its fuel imports, according to data that officials cautioned could be revised. The balance of payments deficit - a measure of how much the country relies on money from abroad - ballooned to 51.7 billion pounds ($62.8 billion) or 8.3% of gross domestic product in the January-March period. Data from the Office for National Statistics also showed the increasing strain on households as their real disposable income shrank for the longest period on record.

  • Shiba Inu Coin Could Easily Go to $0

    There is still some interest in Shiba Inu Coin (CRYPTO:SHIB), but it is among the cryptos most vulnerable to extreme crashes. The post Shiba Inu Coin Could Easily Go to $0 appeared first on The Motley Fool Canada.

  • Savings and algorithms: UK supermarkets battle cost of living crisis

    Facing the toughest economic conditions in decades, Britain's supermarkets are cutting product ranges, searching for cost savings and patrolling each other's stores to check prices and products as they try to stay one step ahead. Like retailers across the world, UK grocers including market leader Tesco and No. 2 Sainsbury's are struggling with the soaring cost of supplies, a shortage of key products and workers, and cash-strapped consumers. But they enter the downturn on the back of an already lengthy period of cost cutting due to fierce competition, forcing them to look for new ways to make savings while increasingly using data to predict customer reactions to change.

  • Over 20 companies join Tent Coalition for Refugees in Canada pledging to create economic opportunity for refugees

    As Canada welcomes an unrestricted number of refugees from Ukraine and 40,000 refugees from Afghanistan, today 22 major companies have committed to creating economic opportunities for these newcomers as they restart their lives across the country.

  • Micron's weak outlook sparks concerns of chip down cycle

    (Reuters) -A significantly weaker than expected business outlook by memory-chip firm Micron Technology Inc on Thursday raised concern that following nearly two years of strong demand the industry was turning toward a down cycle. Micron forecast adjusted revenue for the current quarter at $7.2 billion, plus or minus $400 million, while Wall Street's outlook was an average of $9.05 billion, according to Refinitiv IBES data. “We believe that demand has weakened considerably and we've seen that even in the areas that have been significantly constrained," Nikolay Todorov, analyst at Longbow Research, said.

  • Global smartphone, PC shipments to decline in 2022 on China slowdown - Gartner

    Shipments to China - the world's biggest smartphone market - are expected to shrink by 18% as demand takes a beating from strict COVID-19 curbs that halted activity in key economic hubs including Shanghai, Gartner said in a report on Thursday. "A perfect storm of geopolitics upheaval, high inflation, currency fluctuations and supply chain disruptions have lowered business and consumer demand for devices across the world, and is set to impact the PC market the hardest in 2022," said Ranjit Atwal, senior director analyst at Gartner.

  • Statistics Canada says economy grew 0.3 per cent in April, but contracted in May

    OTTAWA — Economic growth slowed in April and Statistics Canada said Thursday its early estimate for May pointed to a contraction for the month amid weakness in the resource, manufacturing and construction sectors. The agency said growth in April was led by the mining, quarrying and oil and gas extraction sector and client-facing industries as real gross domestic product advanced 0.3 per cent for the month compared with a 0.7 per cent gain in March. However, its early estimate for May indicated a

  • Some medical debt is being removed from US credit reports

    Help is coming for many people with medical debt on their credit reports. Starting Friday, the three major U.S. credit reporting companies will stop counting paid medical debt on the reports that banks, potential landlords and others use to judge creditworthiness. The companies also will start giving people a year to resolve delinquent medical debt that has been sent to collections before reporting it — up from six months previously. Next year, the companies also will stop counting unpaid medica

  • Apple eyes fuel purchases from dashboard as it revs up car software

    Apple Inc wants you to start buying gas directly from your car dashboard as early as this fall, when the newest version of its CarPlay software rolls out, accelerating the company's push to turn your vehicle into a store for goods and services. A new feature quietly unveiled at Apple's developer conference this month will allow CarPlay users to tap an app to navigate to a pump and buy gas straight from a screen in the car, skipping the usual process of inserting or tapping a credit card. Details of Apple's demo for developers have not previously been reported.

  • HBC Logistics warehouse workers ratify new contract

    E-commerce warehouse workers at HBC Logistics have voted overwhelming at 80% to accept a new tentative agreement, ending a nine-day strike action.

  • Canada's economy likely contracted in May following April gain

    OTTAWA (Reuters) -Canada's economy most likely contracted in May, largely on a drop in oil and gas output, official data showed on Thursday, while GDP growth in April was in line with analyst forecasts. In a preliminary estimate, Statistics Canada said gross domestic product likely declined 0.2% in May, following a gain of 0.3% in April. "In the near-term we won't know whether the economy is making a U-turn or just a brief detour," Royce Mendes, head of macro strategy at Desjardins Group, said in a note.

  • Forget About Oil Prices With This 1 Stock

    Looking for the perfect investment that can make you forget about oil prices rising? Here’s one energy stock to buy now. The post Forget About Oil Prices With This 1 Stock appeared first on The Motley Fool Canada.

  • 3 Growth Stocks Worth Buying if You Can Handle Volatility

    Are you an investor that isn’t scared of a little volatility? Here are three top picks! The post 3 Growth Stocks Worth Buying if You Can Handle Volatility appeared first on The Motley Fool Canada.

  • U.S. approves SpaceX's Starlink internet for use with ships, boats, planes

    The U.S. Federal Communications Commission on Thursday authorized Elon Musk's SpaceX to use its Starlink satellite internet network with moving vehicles, green-lighting the company's plan to expand broadband offerings to commercial airlines, shipping vessels and trucks. Starlink, a fast-growing constellation of internet-beaming satellites in orbit, has long sought to grow its customer base from individual broadband users in rural, internet-poor locations to enterprise customers in the potentially lucrative automotive, shipping and airline sectors. "Authorizing a new class of terminals for SpaceX's satellite system will expand the range of broadband capabilities to meet the growing user demands that now require connectivity while on the move," the FCC said in its authorization published Thursday, echoing plans outlined in SpaceX's request for the approval early last year.

  • AFRICA OIL ANNOUNCES THE RECEIPT OF PRIME DIVIDEND AND PROVIDES SHARE CAPITAL AND VOTING RIGHTS UPDATE

    (TSX: AOI) (Nasdaq-Stockholm: AOI) – Africa Oil Corp. ("AOI", "Africa Oil" or "the Company") is pleased to announce that it has received a dividend from Prime Oil and Gas Cooperatief UA ("Prime"). The Company has a 50% shareholding in Prime. View PDF Version

  • Apple eyes fuel purchases from dashboard as it revs up car software

    Apple Inc wants you to start buying gas directly from your car dashboard as early as this fall, when the newest version of its CarPlay software rolls out, accelerating the company's push to turn your vehicle into a store for goods and services. A new feature quietly unveiled at Apple's developer conference this month will allow CarPlay users to tap an app to navigate to a pump and buy gas straight from a screen in the car, skipping the usual process of inserting or tapping a credit card. Details of Apple's demo for developers have not previously been reported.

  • Unifor files for judicial review after arbitration award fails long-term care workers

    Unifor will seek judicial review of an arbitration award that set the new terms of collective agreements covering hundreds of long-term care workers that continues a trend of failing workers in the sector.

  • Tribe Property Technologies Completes Acquisition of Southview Property Management

    Tribe Property Technologies Inc. (TSXV: TRBE) (OTCQB: TRPTF) ("Tribe" or the "Company") is pleased to announce that we have completed our acquisition of Southview Property Management Inc. ("Southview"), previously announced on May 12, 2022, further strengthening Tribe's property management services in the Greater Vancouver region of British Columbia. The Company is at arms-length from Southview and its existing shareholders.

  • EXPLAINER: Why Court's EPA-climate change ruling matters

    WASHINGTON (AP) — The Supreme Court's climate change ruling on Thursday is likely to hinder President Joe Biden's plans to cut greenhouse gas emissions in half by the end of the decade and to make the U.S. a global leader again in the fight to slow global warming. In its decision, the court limited the reach of the nation’s main anti-air pollution law that's used to reduce carbon dioxide emissions from power plants. The 6-3 ruling declared that the Clean Air Act does not give the Environmental P

  • Motor racing-Fashion Brand Hugo Boss returns to F1 with Aston Martin

    LONDON (Reuters) -German fashion brand Hugo Boss announced on Thursday it was returning to Formula One with the Aston Martin team, five years after leaving for the electric Formula E series. The deal, announced at the British Grand Prix on Thursday and initially running until 2025, will see Boss branding on the F1 cars with immediate effect and the company providing team apparel from 2023. Hugo Boss Chief executive Daniel Grieder told Reuters the pull of Netflix's "Drive to Survive" docu-series, new rules to make racing more competitive and a push for sustainability were compelling factors.