New York CNN Business — Former CBS chief executive Leslie Moonves and CBS on Wednesday reached a $30.5 million settlement with the office of New York Attorney General Letitia James. The settlement…
Category: Business
How Low US Diesel Supply Could Affect Canada
Experts say a weak supply of diesel in the United States could have spillover effects here in Canada in the form of higher prices. Recent US media headlines reported an update from…
Biden’s rocky relationship with big oil and OPEC | OilPrice.com
This week, President Biden caused a stir in the news world by once again pointing the finger at the oil industry, accusing the companies of “war profiteering” and threatening what essentially amounts…
Dry shampoo recall could lead to class action lawsuits, lawyers say
After the Unilever brand filed a recall of more than 1.5 million dry shampoos following the detection of a cancer-causing chemical, lawyers say customers are likely to take legal action, especially as…
AMD’s Big Bet to Go Beyond PC Chips Has “Got Very Well”, Says CEO
Advanced Micro Devices (AMD) CEO Lisa Su believes the chip designer’s acquisition of blockbuster Xilinx has gone according to plan since it closed in February, with more upside on the horizon. The…
What’s next for markets after the Fed’s 4th consecutive interest rate hike
What’s next for the markets now that the Federal Reserve has announced its fourth and possibly final giant rate hike of 75 basis points? Well, a lot, actually. The sometimes tumultuous third-quarter…
US interest rate hike: Powell sees higher spike for rates – BNN Bloomberg
Federal Reserve Chairman Jerome Powell has opened a new phase in his campaign to regain control of inflation, saying US interest rates will go higher than expected, but the path could soon…
Dapper Labs lays off 22% of its staff | BetaKit
Vancouver tech startups Dapper and Hootsuite both laid off this week. Dapper Labs has laid off about 22% of its staff, BetaKit has learned. The company confirmed the layoffs to BetaKit, noting…
North America leads $370 billion global push for oil and gas pipelines | OilPrice.com
This year, the United States has become the world’s largest exporter of liquefied natural gas (LNG) while deliveries to energy-starved buyers in Europe and Asia increased. During the current year, five developers…
Qualcomm shares fall on Q1 forecast, hiring freeze announced
Cristiano Amon, president and CEO of Qualcomm, speaks during the Milken Institute Global Conference on May 2, 2022 in Beverly Hills, California. Patrick T. Fallon | AFP | Getty Images Qualcomm Shares…