Direct Loan Canada Blog

TikTok will be banned from all Mississippi-issued government devices and the state’s network, Gov. Tate Reeves announced Wednesday in a letter to department and agency heads.
Source: ctv business
Mississippi governor bans TikTok from government devices

Lawyers for Tesla shareholders suing the electric vehicle maker’s CEO Elon Musk over a misleading tweet are urging a federal judge to reject the billionaire’s request to move an upcoming trial to Texas from California.
Source: ctv business
Investors mock Elon Musk’s bid to move Tesla buyout trial

Vehicle owners can have the engraving done at any Kal Tire location across Calgary until the end of March.
Source: ctv business
Calgary vehicle owners can prevent catalytic converter theft with new engraving program

A price cap and European Union embargo on most Russian oil have cut into Moscow’s revenue from fossil fuels, but the Kremlin is still earning substantial cash to fund its action in Ukraine because the US$60-per-barrel cap was ‘too lenient,’ researchers said Wednesday.
Source: ctv business
Oil price cap takes small slice of Russia’s revenue: report

Crypto exchange FTX will ask a U.S. bankruptcy court on Wednesday to allow it to auction off pieces of its business and to keep customer names secret for at least six months while it works to recover funds lost in what was allegedly a huge fraud.
Source: ctv business
FTX seeks court rulings on asset sales, customer privacy

Egypt’s pound weakened by more than 13% to a new low below 32 to the U.S. dollar on Wednesday as the central bank moved to a more flexible exchange rate under the terms of an International Monetary Fund financial support package.
Source: ctv business
Egypt’s pound hits new lows after shift to more flexible forex regime

Goldman Sachs began laying off staff on Wednesday in a sweeping cost-cutting drive, with around a third of those affected coming from the investment banking and global markets division, a source familiar with the matter said.
Source: ctv business
Goldman Sachs job cuts begin with investment banking, global markets hit hard: source

The world’s largest aircraft fleet was grounded for hours by a cascading outage in a government system that delayed or cancelled thousands of flights across the U.S. before it was lifted Wednesday morning.
Source: ctv business
Air travel across U.S. thrown into chaos after computer outage

Strength in the utility and energy sectors helped lead Canada’s main stock index higher in late-morning trading, while U.S. stock markets also climbed higher.
Source: ctv business
Energy and utility stocks help lift S&P/TSX composite, U.S. stocks also up

It’s official: Elon Musk has now shattered the world record for the largest loss of personal fortune in history. His loss is up to US$124 billion more than the previous record, according to the Guinness World Records.
Source: ctv business
Elon Musk breaks Guinness World Record for largest loss of fortune