Even if Federal Reserve Chairman Jerome Powell and his cohorts soon stopped raising policy rates, the 30-year fixed mortgage rate would still climb to 10%, according to Christopher Whalen, president of Whalen…
Category: Business
Activision’s Newest Executive Decided To Release It
Photo: Ina Fassbender (Getty Images) Lulu Cheng Meservey has been on the job for less than a month, and the Activision executive has already upset employees at the center of a long-awaited…
What you need to know about the carcinogenic chemical found in the recalled dry shampoo
Health Canada on Tuesday launched a massive recall of Unilever hair products containing benzene, a cancer-causing chemical. This time, the products listed were dry shampoos sold for the past two years by…
Tesla opens voting for new supercharger locations
Tesla has opened its planned Supercharger voting site, allowing the public to vote for upcoming Supercharger locations. Tesla superchargers have already reached high levels of penetration – earlier this year Tesla rolled…
Anti-vaccine groups avoid Facebook bans by using emojis
Aurich Lawson Pizza slices, cupcakes and carrots are just a few emojis that anti-vaccine activists are using to speak in code and continue to spread misinformation about COVID-19 on Facebook. Bloomberg reported…
What it’s like to live with an electric motorcycle in New York
Photo: Douglas Sonders When I say that to my friends I do motorcycling in New York City like my daily life, they think I’m crazy. When I tell them it’s an all-electric…
Mark Carney says fiscal discipline is ‘imperative’ as Canada heads into recession
Mark Carney seen at a press conference in London on December 16, 2019.Kirsty Wigglesworth/Associated Press Former Bank of Canada Governor Mark Carney has said Canada is headed for a recession and fiscal…
Live Stock Market News Updates: Stocks Fall as Earnings Rise, Yields Rise
U.S. stocks extended a volatile trading streak on Thursday as third-quarter corporate financial results continued to climb amid lingering growth concerns on Wall Street. The S&P 500 (^GSPC) accelerated losses to fall…
Snowbirds will face a ‘perfect storm’ of rising costs this winter – BNN Bloomberg
Canadians heading south for the winter will face a host of rising costs associated with inflation and competitive real estate prices. “Unfortunately, this really is a perfect storm for snowbirds and we…
Path to lower inflation can be reached without ‘crushing’ economy: Poloz – BNN Bloomberg
Former Bank of Canada Governor Stephen Poloz believes the central bank can rein in sky-high inflation without crushing economic growth, as long as Tiff Macklem and company act with skill. In an…