Direct Loan Canada Blog

Convinced that the boom in leisure travel is permanent, Airbnb aims to expand its listings by convincing more people to turn their homes into short-term rentals.
Source: ctv business
Airbnb aims to convince more people to rent out their homes

Twitter’s new owner Elon Musk has given employees until Thursday evening to commit to ‘extremely hardcore’ work or else leave the company, according to a copy of a late-night internal email sent by the billionaire and obtained by CNN.
Source: ctv business
Elon Musk gives ultimatum to Twitter employees: Do ‘extremely hardcore’ work or get out

Canada’s main stock index edged higher as gains in the industrial and utility sectors helped outweigh losses in the energy and base metal stocks, while U.S. stock markets were down in late-morning trading.
Source: ctv business
S&P/TSX composite edges higher, U.S. stock markets lower in late-morning trading

The head of the World Trade Organization warned on Wednesday that several major economies face a real risk of sliding into recession as the war in Ukraine, rising food and fuel costs, and soaring inflation cloud the global outlook.
Source: ctv business
WTO warns of ‘real’ recession risk in some major economies

The Canadian Real Estate Association says home sales in October posted their first monthly gain since February.
Source: ctv business
Canadian October home sales up from September, first monthly increase since February

Walmart proposed a US$3.1 billion legal settlement on Tuesday over the toll of powerful prescription opioids sold at its pharmacies, becoming the latest major drug industry player to promise major support to state, local and tribal governments still grappling with a crisis in overdose deaths.
Source: ctv business
Walmart offers to pay US.1 billion to settle opioid lawsuits

As Canada’s top telecommunications companies face pressure to ensure Canadians can reach emergency responders in the event of a major outage, Apple is rolling out a new service. The Emergency SOS system, available on iPhone 14 devices in Canada this week, will help people without cellular or Wi-Fi service connect to a satellite to report an emergency or call for help.
Source: ctv business
Apple launches emergency system for people who can’t access cell service

Stocks rose broadly in morning trading on Wall Street Tuesday after the government reported another decline in the pace of wholesale price inflation last month, the latest glimpse of hope that inflationary pressures in the U.S. might be easing.
Source: ctv business
Stocks gain ground after wholesale inflation eases in U.S.

The top U.S. banking regulator at the Federal Reserve is urging Congress to pass legislation that would impose regulation on crypto currencies in the wake of the swift collapse last week of FTX, a leading crypto exchange.
Source: ctv business
U.S. Federal Reserve’s top financial regulator urges regulation for crypto

As the dust settles from one of the most shocking financial implosions in history, one of the key unknowns is how much customers who can’t access their money expect to get back from FTX, the crypto exchange that filed for bankruptcy last week.
Source: ctv business
Customers who trusted crypto giant FTX may be left with nothing