Direct Loan Canada Blog

Bed Bath & Beyond Inc on Tuesday reported a quarterly loss of about US$393 million after a tough third quarter that it hoped would provide a financial cushion to its months-long cash burn.
Source: ctv business
Bed Bath & Beyond reports quarterly loss, bankruptcy threat looms

A new report from TD Economics predicts Canada will see the weakest level of home sales since 2001 this year.
Source: ctv business
Canada will see weakest level of homes sales since 2001 this year: TD report

Walt Disney Co’s top boss Bob Iger told employees to return to corporate offices four days a week starting March 1, CNBC reported on Monday, citing an email.
Source: ctv business
Disney asks employees to work from office four days a week: report

Coinbase announced Tuesday that it was laying off 950 people, about 20 per cent of its staff. The job cuts come only a few months after another major round of layoffs.
Source: ctv business
Coinbase to lay off 20 per cent of staff as crypto winter continues

The global economy will come ‘perilously close’ to a recession this year, led by weaker growth in all the world’s top economies — the United States, Europe and China — the World Bank warned Tuesday.
Source: ctv business
World Bank warning: Global economy is at risk of recession

Microsoft Corp is in talks to invest US$10 billion in ChatGPT-owner OpenAI as part of funding that will value the firm at $29 billion, Semafor reported on Monday, citing people familiar with the matter.
Source: ctv business
Microsoft in talks to invest USB in ChatGPT-owner OpenAI: report

Allen Weisselberg, a longtime executive for Donald Trump’s real estate empire whose testimony helped convict the former president’s company of tax fraud, is set to be sentenced Tuesday for dodging taxes on US$1.7 million in job perks.
Source: ctv business
Donald Trump’s longtime CFO faces sentencing for tax fraud scheme

Canada’s main stock index was down in late-morning trading, as losses in the energy sector helped lead it lower, while U.S. stock markets crept higher.
Source: ctv business
S&P/TSX composite down in late-morning trading, U.S. stock markets up

Staying informed of consumer rights can make the difference between receiving compensation or not, one expert says, but access to accurate airline information can be laborious, and technical regulations make understanding passenger rights difficult.
Source: ctv business
Passengers seeking compensation from airlines a ‘David and Goliath situation,’ consumer rights advocate says

U.K. government ministers met trade union leaders on Monday but fell short of ending a wave of strikes that has hobbled the rail network and strained the overburdened health system.
Source: ctv business
U.K. government meets unions but fails to end wave of strikes