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Crisis Management

Yahoo Finance Canada presents CRISIS MANAGEMENT, a livestream show on the Canadian economy that builds a crisis playbook during COVID-19 times and beyond.

Latest Stories

  • Amazon plans to close several U.S. call centers - Bloomberg News

    The shift to remote working across most industries was accelerated by the COVID-19 pandemic with cloud call center companies such as Five9 Inc seeing a boom in business. Amazon, the world's largest online retailer, is also encouraging its customer service employees at some call centers in the country to work from home in a move that would save money on real estate, the report added. The company's cloud computing division, Amazon Web Services, also sells Amazon Connect software that enables companies serve their customers using remote networks.

  • Amazon to raise average hourly pay by $1 to $19 in October

    NEW YORK (AP) — Amazon said Wednesday it’s raising its average starting pay for frontline workers from $18 to $19 a hour, a boost that could help it attract more employees in a tight labor market as the holiday season approaches. Amazon said that beginning in October, warehouse and transportation workers would earn between $16 and $26 an hour, depending on their position and location in the U.S. The minimum wage at the Seattle-based e-commerce company, which employed roughly 1.5 million workers

  • 72% of current postsecondary students report having pulled an all-nighter studying: 2022 Canadian Student Wellbeing Study provides insight into current study habits

    The fourth chapter of the 2022 Canadian Student Wellbeing Study commissioned by Studiosity, the global leader in ethical online study support for postsecondary institutions, and carried out independently by Angus Reid, has revealed insights into their study habits, thoughts toward student support services, and transitioning to college/university.

  • Micron warns of tougher times, plans to cut investments by 30%

    (Reuters) -Micron Technology, the first major chipmaker to sound an alarm about falling demand for PCs and smartphones earlier this year, on Thursday warned of even tougher times ahead and said it was cutting its investments. "We made significant reductions to capex and now expect fiscal 2023 capex to be around $8 billion, down more than 30% year over year," Chief Executive Sanjay Mehrotra said on an earnings call. Still, Micron forecast strong revenue growth in the second half of fiscal 2023 as demand starts to recover early next year.

  • Smith & Wesson marketed to 'would-be mass shooters,' Highland Park victims claim

    Survivors of a mass shooting in July that killed six people and injured dozens in a Chicago suburb sued gunmaker Smith & Wesson Brands Inc on Wednesday, accusing it of deliberately marketing its weapons to violence-prone young men through social media and advertisements reminiscent of video games. In a series of lawsuits filed in Lake County, Illinois Circuit Court, the survivors, including relatives of those killed, said the Springfield, Massachusetts-based company "knowingly sought to place its weapons in the hands of disturbed young men by targeting and exploiting the risk-seeking - and often troubling - desires of these consumers." Smith & Wesson did not immediately respond to a request for comment.

  • CLIMATE CHANGE AND HEALTH INEQUITY A DEADLY MIX FOR THE MOST VULNERABLE: WORLD HEART FEDERATION

    On World Heart Day, the World Heart Federation (WHF) is calling for urgent action on climate change and health inequity, saying millions more lives are now at risk from cardiovascular disease, which is still the world's biggest killer.

  • CARBON NEUTRAL ROYALTY CONFIRMS COMPLETION OF 1,500 HA OF PLANTING AT THE BOKEPYIN MANGROVE RESTORATION PROJECT

    Carbon Neutral Royalty Ltd. ("CNR" or the "Company"), a financing provider for high integrity carbon projects, is pleased to announce that Phase 1 planting of 1,500 hectares ("ha") of mangrove forest at the Bokepyin project, situated on the Tanintharyi coastline of Myanmar, has been completed. CNR is financing this mangrove restoration project with Worldview International Foundation ("Worldview").

  • Grocers under growing political pressure as NDP pushes for investigation of 'profit-driven inflation'

    Motion for probe evidence of a growing public relations problem for Canada's big grocers amid soaring food inflation

  • ONE Properties Announces Official Opening of Bow River Shopping Centre in Calgary

    ONE Properties, a privately owned, integrated real estate investment firm, formally announced the opening of its Bow River Shopping Centre in Calgary. The 15.2-acre site is comprised of retail and residential developments with an 86,200 sq. ft. Real Canadian Superstore serving as the anchor tenant. A new Real Canadian Liquor Store has also opened its doors in the same retail centre next to Dollarama. In the coming months, more businesses will be open — Edo Japan, Subway, BarBurrito, Wayback Burg

  • Get More Income From This REIT Selloff

    Income investors can build their Canadian REIT positions slowly over this downturn to lock in high yields. The post Get More Income From This REIT Selloff appeared first on The Motley Fool Canada.

  • Spark Perks Launches in Circle K Co-Located Store in Greater Toronto Area

    Fire & Flower Holdings Corp. ("Fire & Flower" or the "Company") (TSX: FAF) (OTCQX: FFLWF), a leading cannabis consumer retail and technology platform announced today that in collaboration with its strategic partner, Alimentation Couche-Tard Inc. ("ACT"), that Spark Perksâ„¢ members can now experience a new fast and convenient way of shopping for cannabis in the Greater Toronto Area through Circle K's new co-located store in the Brampton market.

  • Asian shares sharply lower after wobbly day on Wall Street

    TOKYO (AP) — Asian shares tumbled Wednesday after a wobbly day ended with mixed results on Wall Street as markets churn over the prospect of a possible recession. Tokyo's Nikkei 225 index sank 2.2% to 25,984.51 while the Kospi in Seoul lost 2.8% to 2,161.86. In Sydney, the S&P/ASX 200 gave up 0.8% to 6,443.30. Hong Kong's Hang Seng dropped 2.1% to 17,483.89 and the Shanghai Composite index declined 0.8% to 3,068.59. Taiwan's benchmark dropped 2.1%. The week started off with a broad sell-off that

  • Column-Next solar expansion drive needs to hit higher potential markets: Maguire

    Solar power has outpaced wind power over the last five years in terms of global capacity additions, notching up a more than 200% increase in worldwide generation from 2016 to 2021, compared to a 93.5% rise in wind generation during the same slot. China, the United States, Japan, India and Germany together generated 67.4% of all solar power in 2021, and have been among the largest solar power developers for decades. The problem is, when measured by photovoltaic power potential, or the amount of sunlight available to generate solar power, three of those countries are not even in the top 100 most suitable solar locations.

  • 'Pick-your-poison': Wall Street sell-off resumes

    Investors added another cycle of selling on Thursday as the dollar barely eased its stranglehold on currency markets, recession fears sapped stocks and bonds suffered more interest rate pain. After a partial rebound on Wednesday, U.S. stocks fell sharply. The STOXX 600 share index was down 1.67%, even as the euro and the pound, hammered over the last week by UK debt concerns, recovered some ground, gaining 0.6% and 1.7%, respectively.

  • Bulgaria to hold election overshadowed by war in Ukraine

    SOFIA, Bulgaria (AP) — Bulgarians will go to the polls for the fourth time in less than two years in a general election overshadowed this time by the war in Ukraine, rising energy costs and galloping inflation. Pollsters expect that voters’ fatigue and disillusionment with the political system will result in low turnout and a fragmented parliament where populist and pro-Russia groups could increase their representation. The early election comes after a coalition led by pro-Western Prime Minister

  • Bed Bath & Beyond says turnaround gaining traction as it posts Q2 loss

    (Reuters) -Bed Bath & Beyond Inc on Thursday said it is seeing early signs that efforts to clear excess inventory are working and it expects its cash flow to break even in the fourth quarter, even as it reported a bigger-than-expected second-quarter loss. "Of the owned brand inventory that we targeted and was comprised in our reserve, we've made headway in Q2 through about 1/3 of that inventory," Interim Chief Financial Officer Lauren Crossen told investors. Once known to be a "category killer" in home goods, Bed Bath's stock and fortunes have slumped after its move to sell more store-branded products flopped and there was a reshuffle of its management team earlier this year.

  • TFSA Investors: 2 Millionaire-Maker Stocks to Buy at a Discount

    Even though TFSA’s contribution room lags far behind the RRSP, you can create a million-dollar portfolio in your TFSA with the right stocks. The post TFSA Investors: 2 Millionaire-Maker Stocks to Buy at a Discount appeared first on The Motley Fool Canada.

  • Sterling rallies for 3rd day after BoE bond buys; U.S. dollar down

    Sterling rose sharply in volatile trading on Thursday, rallying from record lows hit on Monday, after the Bank of England conducted a second day of bond buying to stabilize financial markets. After hitting an all-time trough of $1.0327 three days ago, sterling has rallied more than 7% against the dollar. The recovery in the British currency was due in part to the BoE's action.

  • Bed Bath & Beyond says turnaround gaining traction as it posts Q2 loss

    (Reuters) -Bed Bath & Beyond Inc on Thursday said it is seeing early signs that efforts to clear excess inventory are working and it expects its cash flow to break even in the fourth quarter, even as it reported a bigger-than-expected second-quarter loss. "Of the owned brand inventory that we targeted and was comprised in our reserve, we've made headway in Q2 through about 1/3 of that inventory," Interim Chief Financial Officer Lauren Crossen told investors. Once known to be a "category killer" in home goods, Bed Bath's stock and fortunes have slumped after its move to sell more store-branded products flopped and there was a reshuffle of its management team earlier this year.

  • Meta Platforms pauses hiring, warns of restructuring - Bloomberg News

    "I had hoped the economy would have more clearly stabilized by now, but from what we're seeing it doesn't yet seem like it has, so we want to plan somewhat conservatively," Zuckerberg told employees during a weekly Q&A session, Bloomberg News reported. The social media company had cut plans to hire engineers by at least 30% this year, Reuters reported in June. Zuckerberg also said on Thursday that Meta would reduce budgets across most teams and that individual teams will have to resolve how to handle headcount changes, the report added.