(Bloomberg) — Apple Inc. said it’s reopening more than 25 stores across the U.S. and 12 stores in Canada this week, adding to nearly 100 global locations that have reopened to customers after the novel coronavirus outbreak forced them to close. Some stores will offer only curbside or storefront service, the company added in an…
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May 17, 20206:00 AM EDTLast UpdatedMay 17, 20206:00 AM EDT This article was created by StackCommerce in partnership with Content Works, Postmedia’s commercial content division. While Postmedia may collect a commission on sales through the links on this page, we are not being paid by the brands mentioned.Millions of Canadians are out of a job…
(Bloomberg) — The workings of passive investment indexes in times of crisis is already a subplot of the virus drama following histrionics in the oil market. It’s shaping up as a flashpoint in stocks, too, as overseers wrestle with pushing the eject button on wounded companies.It’s an urgent issue for the people who run benchmarks…
Dave McKay, chief executive of Royal Bank of Canada, said last month that the federal government should raise the “forgivable” portion of its emergency small-business loan program to as much as 75 per cent from the current 25 per cent, or $10,000, whichever is greater.Dan Kelly, president of the Canadian Federation of Independent Business, which…
“Big is bad.”That’s the standard refrain Temple Grandin hears when she lectures students at Colorado State University on the complexities of meat processing plants.Her standard retort: “Big isn’t bad. Badly managed is bad.”For years, she has driven home this point: that even in a rapidly consolidating sector, where many small plants processing 500 head of…
May 16, 20206:00 AM EDTLast UpdatedMay 16, 20206:01 AM EDT This article was created by StackCommerce in partnership with Content Works, Postmedia’s commercial content division. While Postmedia may collect a commission on sales through the links on this page, we are not being paid by the brands mentioned.The world is in strange territory right now.…
A group of state attorneys general led by Texas are likely to file an antitrust lawsuit against Alphabet Inc’s Google and are working on potential litigation for later this year, a person familiar with the situation said on Friday.The Justice Department is also moving toward bringing a case as soon as this summer, The Wall…
BOSTON/NEW YORK — Prominent U.S. fund managers piled into big-name technology stocks and bottom-fished in the beaten-down energy sector as markets reeled from the coronavirus-fueled selloff in the first quarter, regulatory filings released on Friday showed.They also cut exposure in restaurants, retail and airlines as the mounting number of deaths from the coronavirus — which…
In Alberta, a couple we’ll call Barry, 61, and Marissa, 63, are suffering from the virus-driven financial meltdown. Barry, formerly a contractor in the building industry, has been feeling the effects of corporate spending cutbacks. Business has dried up. Marissa, a clerk in office administration, recently lost her job. Their present combined income, less than…
Facebook Inc. acquired Giphy, a library of video clips and animated images known as GIFs that can be attached to messages to express emotion, adding features that could encourage users to communicate through its apps.Giphy will join the Instagram group within Facebook, according to a blog post on Friday, and the social-media giant has extended…
Heading into 1993, Saskatchewan was a leading candidate for a dubious honour: provincial bankruptcy.No province had defaulted on its debts since Alberta during the Great Depression, but Saskatchewan’s borrowing had soared throughout the 1980s and its credit rating had been downgraded, making it harder to sell its bonds to investors.Compounding the problem were the after-effects…
OTTAWA — Prime Minister Justin Trudeau says a federal wage subsidy for employees in businesses hit hard by COVID-19 will last at least until the end of August.The subsidy was set to expire in the first week of June, only a few weeks after the first payments rolled out.Trudeau says the idea is to give…
In my January 15 column, I had discussed the death of employment law, but, as Mark Twain put it, “the reports of (its) death are greatly exaggerated.”Whether my comments were prescient or premature, employment lawyers have now been resuscitated by COVID-19.There has long been a delicate dance in my field perpetrated by its bar. The…
It is hard enough to make money in the stock market, even without the world shut down due to a global pandemic. In fact, studies have proven that the average stock actually goes down. So how does one make money? Well, it’s all in the math. A stock can “only” decline by 100 per cent.…
WASHINGTON — U.S. retail sales endured a second straight month of record declines in April as the novel coronavirus pandemic kept Americans at home, putting the economy on track for its biggest contraction in the second quarter since the Great Depression.The Commerce Department said on Friday retail sales plunged 16.4 per cent last month, the…