Direct Loan Canada Blog

Wall Street pointed toward gains before markets opened Thursday ahead of a closely watched U.S. inflation report.
Source: ctv business
Stock market today: Wall Street marches higher ahead of new numbers on U.S. inflation and jobs

Tapestry, parent company of luxury handbag and accessories retailer Coach, is buying the owner of fashion brands including Michael Kors, Versace and Jimmy Choo, Capri Holdings. The approximately US$8.5 billion deal puts Tapestry in a better position to take on its big European fashion rivals.
Source: ctv business
Coach parent Tapestry buying Capri, owner of Michael Kors and Versace, in US.5 billion deal

In the two weeks since the Calgary Stampede accepted liability in a class-action lawsuit that alleged the organization allowed an adult staffer to sexually abuse boys for years, no sponsors have publicly broken ranks and announced a departure.
Source: ctv business
Calgary Stampede sponsors stand by organization despite admission of liability in sex assault case

Walt Disney Co. CEO Bob Iger vowed to make its streaming services profitable via a planned October price hike on its ad-free Disney+ and Hulu plans and a crackdown on password sharing expected to extend through next year.
Source: ctv business
Disney to boost prices for ad-free Disney+ and Hulu services and vows crackdown on password sharing

Federal Labour Minister Seamus O’Regan is launching an examination of the recently resolved British Columbia port dispute to see if “structural issues” in negotiations led to a 13-day work stoppage.
Source: ctv business
B.C. port strike: Federal labour minister launches review to uncover ‘structural issues’

Global shares mostly rose Wednesday despite worries about the U.S. banking system which set off a decline on Wall Street, and concerns closer to home about Chinese economic growth.
Source: ctv business
Stock market today: Global shares mostly rise despite U.S. bank, China worries

Honda reported Wednesday that its April-June profit more than doubled on healthy sales of its motorcycles and cars, as the Japanese company also received a perk from favourable exchange rates.
Source: ctv business
Profit at Japan’s Honda doubles on healthy global auto and motorcycle sales

ESPN Bet is a rebranding of an existing sports-betting app owned by Penn Entertainment, which is paying $1.5 billion plus other considerations for exclusive rights to the ESPN name.
Source: ctv business
ESPN strikes .5B deal to jump into sports betting with Penn Entertainment

A recent survey conducted by Sonarworks shows that over 93 per cent of employees wear headphones at work for personal reasons.
Source: ctv business
Most people wear headphones at work, even when not required: survey

A New York judge on Tuesday dismissed lawsuits filed by Airbnb and three hosts over New York City’s rules for short-term rentals, saying the restrictions are “entirely rational.”
Source: ctv business
Lawsuits filed by Airbnb and 3 hosts over NYC’s short-term rental rules dismissed by judge