Business Coach USA, the operator of Megabus and other commuter bus lines in the U.S. and Canada, filed for bankruptcy protection in Delaware late Tuesday, seeking to sell its assets and shed debt incurred in an ill-timed 2019 private equity buyout. Megabus says its operations won’t be affected, bus routesContinue Reading
Business The latest change to X means nobody can see all of the posts you have liked. In-app changes have seen mixed receptions from users who raised concerns over misinformation and content moderation. Users can’t see anyone else’s likes, but posts still appear to show how many likes they’ve receivedContinue Reading
Business Tesla shareholders approved CEO Elon Musk’s $56-billion US pay package, the electric vehicle maker said on Thursday, a big thumbs-up to his leadership and an enticement for keeping his focus on his biggest source of wealth. Approval is a vote of confidence in Musk despite Tesla’s challengesThomson Reuters · Posted: Jun 13,Continue Reading
Business If you fancy a burger and crinkle-cut fries, U.S. fast-casual joint Shake Shack is dipping a toe into the Canadian market — but its success could depend on customers willing to fork out higher prices. Restaurant expansion into Canadian market ‘requires good planning,’ says analyst Jenna Benchetrit · CBC News ·Continue Reading
Business Global News lays off employees in Alberta, British Columbia and OntarioNearly three dozen people in Alberta, British Columbia and Ontario have been let go from their jobs at Global News this week, with its parent company placing blame on “the current economic and regulatory reality” for media organizations. Cuts comeContinue Reading
Business U.S. Federal Reserve officials said Wednesday that inflation has fallen further toward their target in recent months, but signalled that they expect to cut their benchmark interest rate just once this year. Announcement came following Wednesday’s inflation numbers, which eased in MayThe Associated Press · Posted: Jun 12, 2024Continue Reading
Business Dollarama posted an increase in first-quarter sales and profit on Wednesday, as more Canadians shopped at its stores for affordable groceries and essentials. Montreal-based company boosts stake in Latin American discount chainThomson Reuters · Posted: Jun 12, 2024 10:27 AM EDT | Last Updated: June 12 Constrained household budgetsContinue Reading
Business U.S. inflation eased last month in a hopeful sign that an uptick in prices from earlier this year may have passed. The trend, if it holds, could move the Federal Reserve closer to cutting its benchmark interest rate from its 23-year peak. Fed scrutinizing inflation data ahead of interest rateContinue Reading
On Monday, Apple revealed a suite of highly anticipated AI features — including ChatGPT — that it will soon integrate into its devices. But not everyone was thrilled at the news. While some observers were excited at the prospect of, for example, drawing math equations on an iPad that could then be solvedContinue Reading
Business Just as the Stanley Cup Finals kicked off last week, the NHL announced its next big play: a reality series about its hockey stars, from the producers of Netflix’s ultra-popular Drive to Survive. But can a reality program do for hockey what Drive to Survive did for Formula One racing — or wasContinue Reading
