Economy

After Altria deal, Juul employees to get $2B bonus

After Altria deal, Juul employees to get $2B bonus

The bonus is being paid out as a special dividend that's part of the deal, according to CNBC, which first reported the news. "But intent is not enough, the numbers are what matters, and the number...

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Thousands still without power in B.C. after severe windstorm

Thousands still without power in B.C. after severe windstorm

The City of White Rock also cut power for an area bounded by North Bluff Road and Roper Street from Johnston Road to Best Street on Saturday for "restoration emergency work". "The damage that was done...

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The rumors are true! Facebook launching its own cryptocurrency

The rumors are true! Facebook launching its own cryptocurrency

In fact, it's still working on the strategy for the project, with a Facebook spokesperson confirming that the company's blockchain team is still exploring the different applications of cryptocurr...

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Federal Reserve hikes United States interest rates in defiance of Donald Trump

Federal Reserve hikes United States interest rates in defiance of Donald Trump

At one point, the president called the Fed and its string of rate hikes this year "my biggest threat". Following the decision, stocks erased gains, 10-year Treasury yields fell and the dollar boun...

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GST Council meet: Television set, cinema tickets, religious pilgrimage made cheaper

GST Council meet: Television set, cinema tickets, religious pilgrimage made cheaper

The decision to slash GST rates comes after Prime Minister Narendra Modi on Tuesday pledged a further rationalisation of the GST to ensure that items of regular use won't face the top 28 per cent ...

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DIPP takes up angel tax notices with revenue department

DIPP takes up angel tax notices with revenue department

Startups can avail income tax benefit for three out of seven consecutive assessment years, but they have to approach an eight-member inter-ministerial board of certification for getting such concess...

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Uber drivers hail hat-trick of court wins

Uber drivers hail hat-trick of court wins

Uber referred to an Employment Appeal Tribunal in 2017 which again rejected the company's claims. USA ride-hailing app Uber on Wednesday lost an appeal in Britain against a ruling to grant workers...

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Unemployment rate in Nigeria increase over last quarter

Unemployment rate in Nigeria increase over last quarter

The participation rate was 65.7 percent, beating forecasts for 65.6 percent - which would have been unchanged from a month earlier. Employment increased 37,100 to 12,694,300. Monthly hours worked ...

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United States stocks tumble as Fed raises rates

United States stocks tumble as Fed raises rates

Adding, over time there "will be no a priori as to whether we move at a quarterly meeting or one of the meetings" when the central bank doesn't update its economic forecasts. Stephen Innes, head of As...

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Wall Street rises in volatile trading led by defensive stocks

Wall Street rises in volatile trading led by defensive stocks

Stocks are opening lower on Wall Street a day after the market took a big plunge. The stock was the biggest driver of gains on the Dow and S&P. The Nasdaq slid into a bear market Friday as a sell-off ...

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Ford recalling over 400,000 pickup trucks due to fire risk

Ford recalling over 400,000 pickup trucks due to fire risk

The second-largest automaker in the USA said the risk of fire happens when the block heater cable is plugged into an electrical outlet. If it's corroded enough, it could cause a short that might trip ...

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Power still out for thousands in Metro Vancouver

Power still out for thousands in Metro Vancouver

While Environment Canada forecasted wind gusts of up to 100 km/h for Thursday as a storm whipped BC's South Coast, they ended up being much worse . "It's not safe to be there, folks". The 457 met...

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Ghosn: Auto tycoon re-arrested on new charges

Ghosn: Auto tycoon re-arrested on new charges

The development is a big departure from events of last night when the Tokyo District Court refused to entertain prosecutors' plea to extend the jail detention of Ghosn . They are also facing the pros...

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Privacy watchdog says legal cannabis buyers should use cash, not credit

Privacy watchdog says legal cannabis buyers should use cash, not credit

This sensitivity is, of course, due to the fact that countries can deny entry to Canadian citizens if they know they have purchased cannabis, even if it was purchased within the limits of the Canadia...

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Three more suspects arrested for the murder of two hikers

Three more suspects arrested for the murder of two hikers

Footage of the horrifying attack has been shared on social media and has caused outrage in Morocco. The video shows a woman in underpants screaming as a man decapitates her with what appears to be a k...

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Stocks head south after Fed raises rates

Stocks head south after Fed raises rates

That didn't stop the central bank from another round of tightening (the target Fed funds rate was increased 25 basis points to a 2.50%-to-2.75% range) - or the Treasury market from lowering its in...

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Black Man Alleges Racial Profiling After Bank Refuses To Cash Paycheck

Black Man Alleges Racial Profiling After Bank Refuses To Cash Paycheck

As McCowns left the bank, he was stopped by police, who handcuffed him and detained him in the back of their auto. "He's trying to cash a check and the check is fraudulent", the teller was found tel...

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Amazon just sent 1,700 private Alexa recordings to the wrong person

Amazon just sent 1,700 private Alexa recordings to the wrong person

But the violation of privacy had already transpired: After Amazon had sent the user the link, he downloaded the audio recordings of the stranger to his computer. A female voice was also present on som...

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Tokyo court does not extend Ghosn's detention, may soon release him

Tokyo court does not extend Ghosn's detention, may soon release him

Lawyers for Ghosn and Kelly were not immediately available for comment. Ghosn, 64, and Kelly, 62, who have been indicted on charges of violating the Financial Instruments and Exchange Law, have be...

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Anheuser Busch InBev enters cannabis market | CMO Strategy

Anheuser Busch InBev enters cannabis market | CMO Strategy

The alliance announced on Wednesday is the latest foray by a major beer company into the cannabis business in Canada , which legalized recreational marijuana in October. For now, even if the rese...

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President to boycott Dems' legislation lacking 'border security'

President to boycott Dems' legislation lacking 'border security'

So what did Twitter think of Trump's newly coined description? "The president many months ago said he wouldn't sign another funding bill unless we gave him wall funding". The Senate passed t...

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USA dollar rallies as caution remains about Fed's interest rate policy

USA dollar rallies as caution remains about Fed's interest rate policy

Markets will scrutinise the Fed's two-day policy meeting, which starts on Tuesday, for its sense of how the USA economy is holding up amid a U.S. Investors are now looking to a major speech by Pr...

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Trump administration to lift sanctions on companies of Russian oligarch Oleg Deripaska

Trump administration to lift sanctions on companies of Russian oligarch Oleg Deripaska

The Treasury Department also announced Wednesday it is placing sanctions on 15 members of the GRU, a Russian military intelligence organization that attempted to interfere in the 2016 US election and...

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Veteran starts GoFundMe to raise money for border wall

Veteran starts GoFundMe to raise money for border wall

The goal is $1 billion. President Donald Trump campaigned on a promise to build a border wall but has been unable to secure the $5 billion necessary to fund the project. Kolfage said he has contac...

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How major United States stock indexes fared Tuesday

How major United States stock indexes fared Tuesday

The S&P, the Dow , and the Nasdaq are all set to open about 0.2% to 0.3% higher. The VIX Volatility Index was higher at 25.75 for a gain of 1.23 points or 5.02%. President Donald Trump, who previou...

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No one dictates to us, defiant Xi warns America amid trade war

No one dictates to us, defiant Xi warns America amid trade war

Xi and U.S. President Donald Trump agreed early this month to a 90-day truce in the trade dispute, which halted the threatened escalation of punitive tariffs while the two sides continue negotiations....

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Revenge! Glitter & Fart Bomb Greets Porch Pirates, Courtesy Of Former NASA Engineer

Revenge! Glitter & Fart Bomb Greets Porch Pirates, Courtesy Of Former NASA Engineer

When he went to the police, officers told him they couldn't do much. To add insult to injury, the 38-year-old also added a "fart spray" dispenser to the prank. and his Twitter bio lists San Francisc...

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Facebook says preferential data access was with user permission

Facebook says preferential data access was with user permission

On late Tuesday night, the New York Times reported that it obtained internal Facebook documents detailing how the social media company arranged to share data with more than 150 companies . "We'...

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China arrests third Canadian

China arrests third Canadian

Former Canadian diplomats have said they believed the detentions were a "tit-for-tat" reprisal by China, however, no link has officially been made between the cases. She is to return to court early ne...

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Gold hits over five-month peak, investors await Fed rate view

Gold hits over five-month peak, investors await Fed rate view

Spot gold was up 0.2 percent at $1,248.14 per ounce at 0436 GMT, while USA gold futures inched 0.1 percent higher to $1,252.2 per ounce. "The market is largely in a holding pattern as everyone is fo...

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Gatwick Airport chaos as DRONES causes ALL flights to be suspended

Gatwick Airport chaos as DRONES causes ALL flights to be suspended

They wrote: " Gatwick Airport evening, we've been diverted to Birmingham after Gatwick was closed due to a drone. We hope the crew keeps you updated". One traveller whose flight was diverted tweeted ...

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Elon Musk's Boring Company Just Opened Its First Tunnel

Elon Musk's Boring Company Just Opened Its First Tunnel

Elon Musk has unveiled the first tunnel from The Boring Company in what he hopes will become a network of underground highways to relieve traffic congestion. The cost for such wheels would be abo...

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Budweiser maker teams up with Tilray to explore pot drinks

Budweiser maker teams up with Tilray to explore pot drinks

Decisions about commercialization will be made later, as marijuana edibles and beverages won't be legal in Canada until next year. Tilray shares jumped 16 per cent and AB InBev gained 2 per cent in ...

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Postal company faces backlash after threatening to shred letters to Santa

Postal company faces backlash after threatening to shred letters to Santa

One asked: "Who hurt you, UPS? ". UPS deleted the tweet, but has yet to offer an apology for its Christmas-time gaffe - but maybe the social media team should be expecting a visit from three Chris...

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Independent review calls for further study of Massey Tunnel replacement options

Independent review calls for further study of Massey Tunnel replacement options

An independent technical review was then launched and those findings were handed in to Transportation Minister Claire Trevena in the spring. An independent review of a major traffic congestion zone ...

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