CVG Airport officials expected Sunday to be the busiest travel day for the airport throughout the holiday travel period.
TORONTO — When Jenny Dickson goes grocery shopping, they only buy off-brand foods or items on sale for fear of overestimating how much money they have available in their bank account. “This anxiety around doing math can get so intense that I have a panic attack in the middle of the grocery store or just straight up dissociate,” said Dickson, a 28-year-old librarian in Deep River, Ont., who uses they/them pronouns. Dickson used to live on their own, but moved back in with their parents five years
LAS VEGAS (AP) — A conservation group and a southern Nevada ski resort said Tuesday they settled a federal lawsuit that had blocked plans to put a mountain biking park on steep terrain that is home to the endangered Mount Charleston blue butterfly. Lee Canyon resort said the agreement with the Center for Biological Diversity will let it build and open up to three mountain biking trails by August at the resort in the Spring Mountains less than an hour drive from Las Vegas. By next year, plans cal
U.S. consumer confidence ebbed slightly in January, with more consumers planning to purchase homes, automobiles and other big- ticket items even as they grew less optimistic about business and labor market conditions in the short term. Labor market views softened a bit, likely reflecting the disruptions on businesses caused by the winter wave of COVID-19, fueled by the Omicron variant. "While consumer confidence dipped this month, consumers generally have faith in the strength of this recovery," said Robert Frick, corporate economist with Navy Federal Credit Union in Vienna, Virginia.
(Reuters) -U.S. weapons maker Lockheed Martin Corp reported better-than-expected quarterly profit on Tuesday, helped by a strong performance at its ships and helicopters unit and venture capital gains, and reiterated its sales guidance for 2022. But the company also said it had been informed by the U.S. Federal Trade Commission that its planed purchase of Aerojet Rocketdyne would raise antitrust concerns, leaving Lockheed either to abandon the transaction or fight a federal lawsuit in order to close the deal. The $4.4 billion deal announced in late 2020 is Lockheed's first large acquisition under new Chief Executive Jim Taiclet.
More than one-third of airline pilots are still not flying as the pandemic continues to take its toll on aviation globally, according to a new survey, though the situation has improved from a year earlier when the majority were grounded. A poll of more than 1700 pilots by UK-based GOOSE Recruitment and industry publication FlightGlobal, released on Wednesday, found 62% globally were employed and currently flying, up from 43% a year earlier.
MADRID (Reuters) -Spain's Banco Sabadell expects to hit its 6% profitability target a year early, it said on Thursday after posting better than forecast quarterly and annual profit on the back of cost savings and a rise in mortgage lending. Lower impairments for last year as it recovered from the COVID-19 pandemic helped the bank to a 530 million euro ($598 million) net profit for 2021, above the 2 million euros in 2020 and the 403 million euros expected by analysts polled by Reuters. This allowed Sabadell to close the year with a 5% return on tangible equity (ROTE), up from 0.02% in 2020.
As the COVID-19 pandemic continues, governments in Canada are trying new strategies to increase vaccinations. On Jan. 15, the federal government implemented a policy requiring that truck drivers entering into Canada be fully vaccinated. Unvaccinated foreign truckers can no longer enter Canada, while unvaccinated Canadian drivers will have to test and quarantine upon entry into the country. Backlash to the policy has emerged this week, as truckers and protesters from across the country head to Ottawa for a rally against the vaccine mandate. In Quebec, Premier Francois Legault is looking at a so-called "vax tax." Legault said he plans on tabling a bill in early February that would force individuals who refuse to get vaccinated to pay a “health contribution", adding that unvaccinated Quebeckers are a significant burden on the province’s healthcare system. On this episode of Editor's Edition, Alicja Siekierska and the Public Policy Forum's Sean Speer dig into the new and proposed vaccination policies, and the response to these approaches. They also take a look at Ontario’s reopening plan and the latest report from the Parliamentary Budget Officer. If you have any policy-related questions, or feedback about the show, please email alicja@yahoofinance.com.
High valuations and one of the strongest recoveries from a bear market in history have left equities vulnerable to a correction but the recent fall is not indicative that markets have reached "danger zone" levels yet, Goldman Sachs said in a note. "While it has not reached danger zone levels that typically precede a bear market (a fall of at least 20%), it has reached levels which have typically been consistent with corrections and relatively low returns over the next one and five years," the U.S. investment bank said on Wednesday. Goldman Sachs said markets are in a correction phase within a bull market cycle and current levels signify relatively low returns over the next one to five years.
NEW YORK (AP) — The epic football playoff game between Buffalo and Kansas City reached nearly 43 million television viewers on Sunday, the most for any event since last year's Super Bowl as the NFL struck gold with its rousing weekend. The four games averaged 38.2 TV and digital viewers, up 20% over last year and the best ever for the league's divisional round of playoffs, the Nielsen company said on Tuesday. Each game saw a tie broken on the last play, meaning the audience swelled toward the en
HONG KONG (Reuters) -China Evergrande Group said on Wednesday it aims to have a preliminary restructuring proposal in place within six months as the debt-laden developer scrambles to reassure creditors spooked by defaults since its finances began to unravel last year. The long-awaited communication came against the backdrop of Beijing tightening control over the property developer, while taking measures to stabilise China's crisis-hit property sector. But some bondholders said they were disappointed by the 25-minute call with creditors, which included prepared answers to questions, saying it lacked insight on Evergrande's plans.
(Reuters) -Swiss drug contract manufacturer Lonza said core earnings gained 20.7% in 2021, shored up by demand for the substances it supplies for new mRNA COVID-19 vaccines. Full-year core earnings before interest, tax, depreciation and amortisation (EBITDA) rose to 1.67 billion Swiss francs ($1.82 billion), up from 1.38 billion a year earlier, it said in a statement on Wednesday. For this year, Lonza predicted "low to mid-teens" sales growth, when excluding currency swings, as well as core EBITDA margin improvement from 30.8% in 2021.
(Reuters) -Abbott Laboratories on Wednesday beat quarterly profit and sales estimates, aided by robust sales of COVID-19 test kits and strong demand for its diagnostics products, but forecast lower-than-expected COVID-19 testing sales in 2022 due to uncertainties around the future of the pandemic. Abbott said it expects $2.5 billion in sales of COVID-19 test kits in the early part of this year. The company will update its test kit estimates on a quarterly basis.
The CFIB issued a press release on Wednesday, saying small businesses are being driven "to the brink" by supply shortages and price increases.
TORONTO — Canada's largest association of small and medium-sized businesses is urging the federal government to reverse its policy banning unvaccinated truck drivers from entering Canada. The Canadian Federation of Independent Business says the vaccine mandate is creating supply shortages and driving up shipping costs. CFIB president Dan Kelly says businesses were already facing a major supply chain crunch and price increases on everything from fuel to building materials. He says Ottawa's border
Bragg Gaming Group Inc. (TSX:BRAG) is a gaming stock that has suffered recently, but its long-term prospects are still good. The post This Gaming Stock Fell 12% Yesterday: Should You Buy the Dip? appeared first on The Motley Fool Canada.
SAN FRANCISCO (Reuters) -Tesla Inc on Wednesday forecast vehicle deliveries would comfortably grow by more than 50% year-over-year in 2022 despite persistent supply chain issues that it expects to be alleviated only next year. The upbeat outlook from CEO Elon Musk came after the world's most valuable automaker posted record quarterly revenue that beat Wall Street expectations. But the cautious note about supply chain woes showed that even Tesla cannot avoid the shortages that were pitfalls for many larger automakers last year.
Enbridge Inc (TSX:ENB)(NYSE:ENB) stock has a 7% yield. Is it a buy? The post Enbridge: 7% Yield AND Dividend Growth in One Package! appeared first on The Motley Fool Canada.
HONG KONG (Reuters) -China Evergrande Group shares slumped on Thursday after the developer's thinly detailed roadmap for restructuring left investors dissatisfied and its indebted peers also fell on concerns higher interest rates would raise financing costs. Regulatory curbs on borrowing have driven China's property sector into crisis, highlighted by Evergrande, the world's most indebted property firm. The contagion has engulfed other Chinese developers, roiled global financial markets in the past year and contributed to a slump in China's property market, which accounts for a quarter of its economy.
The company, which also beat fourth-quarter revenue estimates, is boosting capacity as chipmakers try to plug the gap between demand and supply caused by the pandemic-fueled supply delays and a shift to working and learning from home. Texas Instruments now plans to bank on opportunities and place "additional strategic emphasis" on the industrial and automotive segments, which roughly account for 41% and 21% of the company's annual revenue. Customers in these two segments are turning to analog and embedded technology to make their end-products smarter and more efficient, which will drive faster growth in chip demand to these segments, he added.
(Reuters) -Chipmaker Intel Corp posted record fourth-quarter revenue, but forecast first-quarter earnings short of Wall Street expectations, as the world's largest chipmaker faces challenges linked to persistent global supply chain problems. Intel shares, which initially fell about 3% in late trade, recovered some ground after the company expressed confidence in demand for its chips and the ability to manage supply chain constraints. However, Chief Executive Officer Patrick Gelsinger said on a conference call that he expected those constraints to persist this year and into next year as the "unprecedented demand" for chips continued.
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