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Despite numbers showing a healthy economy overall, lower-income spenders are showing the strain
NEW YORK (AP) — Cracks are showing in one of the main pillars keeping the economy out of a recession: resilient spending by U.S. households.
May 9, 2024 12:25 PM
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Bread loaves recalled in Japan after 'rat remains' were found
TOKYO (AP) — Loaves of bread have been taken off store shelves in Japan after the remains of “a small animal” believed to be a rat were found.
May 9, 2024 11:50 AM
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Shares of MDA Space fall after posting Q1 profit down from year ago
BRAMPTON, Ont. — Space technology firm MDA Ltd. says it earned $13.8 million in net income in its first quarter, down from $16.1 million a year earlier, as its revenue edged higher.
May 9, 2024 11:24 AM
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Activist investor wins 3 Norfolk Southern board seats but won’t have control to fire CEO
Norfolk Southern’s CEO will be under more pressure to improve profits after the railroad’s shareholders voted Thursday to elect three of the board members an activist investor nominated, but he won’t be fired right away.
May 9, 2024 11:05 AM
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Fintrac imposes $6 million fine on cryptocurrency exchange Binance Holdings
OTTAWA — The federal anti-money laundering agency has issued a $6-million fine to cryptocurrency exchange company Binance Holdings Ltd. Fintrac says Binance failed to register with the agency as a foreign money services business.
May 9, 2024 10:44 AM
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How to find a financial adviser that aligns with your goals, money management style
From certified financial planners to wealth managers, chartered professional accountants to money coaches, there are no shortage of people out there providing financial advice and services.
May 9, 2024 10:00 AM
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Brookfield Corp. reports Q1 distributable earnings up, US$150B in deployable capital
TORONTO — Brookfield Corp. reported distributable earnings of US$1.22 billion for the first quarter, up from $1.
May 9, 2024 9:44 AM
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US weekly jobless claims hit highest level since August of 2023, though job market is still hot
The number of Americans applying for unemployment benefits jumped to its highest level in more than eight months last week, another indication that the red hot U.S. labor market may be softening.
May 9, 2024 9:24 AM
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Bank of England keeps interest rate at 5.25% for 6th time, seeks more proof inflation under control
LONDON (AP) — The Bank of England maintained its key U.K. interest rate at a 16-year high of 5.25% though it gave a broad hint that a reduction could be on the cards imminently as inflation falls towards its target.
May 9, 2024 7:13 AM
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'Who Owns Outer Space?' wins Donner Prize for best public policy book by a Canadian
TORONTO — A book about the legal implications of developing outer space has won the $60,000 Donner Prize.
May 8, 2024 9:15 PM
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