Direct Loan Canada Blog

Tesla says its first production Cybertruck electric pickup has rolled off the assembly line, nearly two years behind the original schedule.
Source: ctv business
Tesla’s 1st electric pickup has rolled off the assembly line, company says

A U.S. appeals court on Friday rejected the Federal Trade Commission’s request to pause Microsoft’s US$69 billion purchase of ‘Call of Duty’ maker Activision Blizzard.
Source: ctv business
U.S. appeals court refuses FTC request to pause Microsoft deal for Activision

The U.S. Virgin Islands said it wants JPMorgan Chase to pay at least US$190 million, and possibly much more, to resolve its lawsuit accusing the largest U.S. bank of ignoring the disgraced late financier Jeffrey Epstein’s sex trafficking.
Source: ctv business
U.S. Virgin Islands demands US0M from JPMorgan in Epstein case

As inflation inches closer to three per cent, economists are warning the steady monthly declines in annual price growth will stall and even potentially reverse in the second half of the year.
Source: ctv business
As inflation inches closer to 3 per cent, economists warn progress will stall this year

Statistics Canada says manufacturing sales rose 1.2 per cent to $72.9 billion in May after declining 0.1 per cent in April.
Source: ctv business
Statistics Canada says manufacturing sales up 1.2 per cent at .9 billion in May

China’s fast fashion retailer Shein is facing a lawsuit that claims the clothing maker’s copyright infringement is so aggressive, it amounts to racketeering.
Source: ctv business
China’s Shein hit with lawsuit citing RICO violations, a law originally used against organized crime

The Canadian Real Estate Association has downgraded its home sales forecast for this year and next as fewer buyers jump into the market.
Source: ctv business
CREA downgrades sales forecast as interest rates weigh on buyers

The U.S. Federal Trade Commission has launched an investigation into ChatGPT creator OpenAI and whether the artificial intelligence company violated consumer protection laws by scraping public data and publishing false information through its chatbot, according to reports in the Washington Post and the New York Times.
Source: ctv business
FTC reportedly investigating ChatGPT creator OpenAI over consumer protection issues

The founder of student aid startup Frank shook her head repeatedly Thursday as a prosecutor claimed that she tricked J.P. Morgan Chase into paying $175 million for her business by lying about its client base.
Source: ctv business
Founder of student aid startup Frank shakes head as prosecutor describes case against her

The B.C. government is joining other Canadian jurisdictions in pulling ads from Facebook and Instagram over the decision of the platforms’ parent company Meta to block Canadian news.
Source: ctv business
B.C. pulling ads from Facebook and Instagram over Meta’s Bill C-18 response