Snowflake's new AI offering is just the tip of the iceberg: CEO

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.
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.
Bloomberg
Trump Media’s Accounting Firm Accused of Fraud, Fined $14 Million
(Bloomberg) -- The Securities and Exchange Commission accused the auditor of Donald Trump’s social-media company of massive fraud affecting hundreds of companies and more than 1,500 regulatory filings.Most Read from BloombergEverything Apple Plans to Show at May 7 ‘Let Loose’ iPad EventSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineApple Rallies Most in 18 Months on Upbeat Forecast, BuybackG-7 Eyes Plan on US-Led $50 Billion Aid Package for UkraineEven the World’s Most-Envied Reti
Business Insider
A 64-year-old 'peak boomer' worries his savings and Social Security won't be enough to retire: 'My biggest fear is finding myself at 75 standing at the door at Walmart.'
David Kirsch, 64, is hoping to live comfortably in retirement — but he isn't sure his savings and Social Security will cover his living expenses.
Global News
Weight-loss drug Wegovy available in Canada starting May 6
The makers of Ozempic say their weight-loss drug Wegovy will be available to Canadians as of Monday, May 6. Joe Scarpelli has this story and more in Health Matters for May 2, 2024.
Bloomberg
World’s Most Important Oil Price Transformed by Adding US Crude
(Bloomberg) -- After years of skepticism, criticism and trader furore, the world’s most important oil price is working better than ever thanks to an infusion of crude from west Texas.Most Read from BloombergSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineApple Rallies on Upbeat Forecast, Record-Setting BuybackTurkey Confirms All Trade Halt With Israel Over War in GazaHuawei Secretly Backs US Research, Awarding Millions in PrizesTrump Auditions VP Picks Before Wealthy Donors in Palm
The Canadian Press
Loblaw boycott organizer says she met with CEO to talk about grocery prices
One of the organizers of a month-long boycott of Loblaw-owned stores says she met with the grocer's president and CEO Per Bank on Thursday afternoon. Emily Johnson, who started the Reddit page that led to the boycott, said she shared shoppers' concerns and questions with Bank, a European retail executive who took on the top role about months ago. "Obviously, the boycott is still on," said Johnson. But she said she's "confident in the fact that we got an audience, we have their attention, and the
Associated Press Finance
Trump Media's newly hired auditing firm was just busted by the SEC for 'massive fraud'
The Securities and Exchange Commission on Friday charged an auditing firm hired by Trump Media and Technology Group just 37 days ago with “massive fraud” — though not for any work it performed for former President Donald Trump’s media company. The SEC charged the accounting firm BF Borgers and its owner, Benjamin F. Borgers, with “deliberate and systematic failures” in more than 1,500 audits. To settle the SEC charges, BF Borgers agreed to pay a $12 million fine while its owner agreed to pay a fine of $2 million, according to the SEC.
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
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
TechCrunch
Fisker stiffed the engineering firm developing its low-cost EV and pickup truck, lawsuit claims
Henrik Fisker stood on a stage last August and proudly debuted two prototypes designed to catapult his eponymous EV startup Fisker into the mainstream. There was the Pear, a low-cost EV meant for the masses, and the Alaska, Fisker’s entry into the red-hot pickup truck market. In the weeks that followed, Fisker stopped paying the engineering firm that helped develop those vehicles, according to a previously unreported lawsuit filed in federal court this week.
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.
GOBankingRates
Warren Buffett, Suze Orman and Other Experts on How To Set Yourself Up for Retirement
Depending on which stage you're at in life, you may either be thinking very carefully about retirement or not worrying much about it at all. The financial experts, however, warn that you always should...
Simply Wall St.
National Fuel Gas Company Just Beat EPS By 28%: Here's What Analysts Think Will Happen Next
Last week saw the newest quarterly earnings release from National Fuel Gas Company ( NYSE:NFG ), an important milestone...
Associated Press
Berkshire Hathaway board feels sure Greg Abel is the man to eventually replace Warren Buffett
Everyone knows Warren Buffett 's successor won't be able to match the legendary investor, but Berkshire Hathaway 's board remains confident Greg Abel is the right guy to one day lead the conglomerate into the future. Longtime Berkshire board member Ron Olson told investors gathered Thursday at a conference two days ahead of the company's annual shareholders meeting that Abel understands all the fundamental principles that guided Buffett, like letting Berkshire's companies largely run themselves.
Bloomberg
Fading War Risks Push Oil to Biggest Weekly Drop Since February
(Bloomberg) -- Oil posted its biggest weekly decline since February on signs of easing geopolitical risks in the Middle East, while traders continued to weigh the outlook for interest-rate cuts. Most Read from BloombergEverything Apple Plans to Show at May 7 ‘Let Loose’ iPad EventSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineApple Rallies Most in 18 Months on Upbeat Forecast, BuybackG-7 Eyes Plan on US-Led $50 Billion Aid Package for UkraineEven the World’s Most-Envied Retirement
Business Insider
Trump Media stock tumbles as the SEC charges its auditor with 'massive fraud'
Trump Media's auditor was a "sham" and committed "massive fraud" for over two years, regulators said.
Reuters
UPDATE 1-Ahead of Xi visit, Chinese share of French EV market slumps
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.
Reuters
COLUMN-OPEC+ likely to extend production cuts in June: Kemp
Saudi Arabia and its allies in OPEC+ are likely to keep oil production unchanged for a further three months when ministers review output allocations on June 1. The tightening of petroleum supplies and depletion of inventories widely anticipated at the start of the year has failed to materialise so far. If OPEC+ (Organization of the Petroleum Exporting Countries and allies) officials had hoped to increase production into a tightening market characterised by rising oil prices they are likely to be frustrated.
Business Insider
Court documents reveal Google's payments to Apple increased to an eye-watering $20 billion
Documents in the antitrust case against Google revealed that the price it pays to be Apple's default search engine has increased over the years.

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Snowflake's new AI offering is just the tip of the iceberg: CEO

Latest Stories

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

What went wrong at Red Lobster

Trump Media’s Accounting Firm Accused of Fraud, Fined $14 Million

A 64-year-old 'peak boomer' worries his savings and Social Security won't be enough to retire: 'My biggest fear is finding myself at 75 standing at the door at Walmart.'

Weight-loss drug Wegovy available in Canada starting May 6

World’s Most Important Oil Price Transformed by Adding US Crude

Loblaw boycott organizer says she met with CEO to talk about grocery prices

Trump Media's newly hired auditing firm was just busted by the SEC for 'massive fraud'

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

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

Fisker stiffed the engineering firm developing its low-cost EV and pickup truck, lawsuit claims

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

Warren Buffett, Suze Orman and Other Experts on How To Set Yourself Up for Retirement

National Fuel Gas Company Just Beat EPS By 28%: Here's What Analysts Think Will Happen Next

Berkshire Hathaway board feels sure Greg Abel is the man to eventually replace Warren Buffett

Fading War Risks Push Oil to Biggest Weekly Drop Since February

Trump Media stock tumbles as the SEC charges its auditor with 'massive fraud'

UPDATE 1-Ahead of Xi visit, Chinese share of French EV market slumps

COLUMN-OPEC+ likely to extend production cuts in June: Kemp

Court documents reveal Google's payments to Apple increased to an eye-watering $20 billion