Direct Loan Canada Blog

Megadonor and novelist MacKenzie Scott announced almost US$2 billion in donations to 343 organizations in a short blog post Monday, emphasizing her interest in supporting people from underserved communities.
Source: ctv business
MacKenzie Scott acknowledges another USB in donations

Testimony began Monday in a Delaware courtroom where a Tesla shareholder is challenging a compensation plan for CEO Elon Musk potentially worth more than US$55 billion.
Source: ctv business
Elon Musk pay package at Tesla challenged in court

Sam Bankman-Fried received numerous plaudits as he rapidly achieved superstar status as the head of cryptocurrency exchange FTX: the saviour of crypto, the newest force in Democratic politics and potentially the world’s first trillionaire.
Source: ctv business
Sam Bankman-Fried’s downfall sends shockwaves through crypto

The judge presiding over the public hearing on Rogers Communications Inc. $26-billion proposed takeover of Shaw Communications Inc. says too much of the case is being held behind closed doors.
Source: ctv business
Tribunal judge emphasizes public interest in Rogers, Shaw, Competition Bureau hearing

Amazon founder Jeff Bezos plans to give away the majority of his US$124 billion net worth during his lifetime, telling CNN in an exclusive interview he will devote the bulk of his wealth to fighting climate change and supporting people who can unify humanity in the face of deep social and political divisions.
Source: ctv business
Jeff Bezos says he will give most of his money to charity

Low-income Canadians are the hardest hit by high inflation and will be disproportionately affected by the impending economic slowdown, Bank of Canada governor Tiff Macklem said during a speech Monday.
Source: ctv business
Slowdown will impact low-income earners most, Macklem says at diversity conference

Stocks wavered in morning trading on Wall Street Monday as markets cool down following their biggest weekly gain since the summer.
Source: ctv business
Stocks waver on Wall Street; big tech firms weigh on indexes

The imploding cryptocurrency trading firm FTX is now short billions of dollars after experiencing the crypto equivalent of a bank run. The exchange, formerly one of the world’s largest, sought bankruptcy protection last week, and its CEO and founder resigned. Hours later, the trading firm said there had been ‘unauthorized access’ and that funds had disappeared. Analysts say hundreds of millions of dollars may have vanished.
Source: ctv business
What’s happening at bankrupt cryptocurrency exchange FTX?

Winnipeggers who like to buy vintage clothing have the perfect opportunity to add to their wardrobe as a local jean shop that was in operation between the late ’70s and early ’90s is now back in business.
Source: ctv business
‘Why should this sit there and collect dust?’: Vintage jean store reopens in Winnipeg after being closed for more than 30 years

Britain’s Treasury chief warned Sunday of a coming spending crunch and tax increases for cash-strapped Britons as he bids to fill the ‘black hole’ in the country’s finances.
Source: ctv business
U.K.’s self-billed ‘Scrooge’ promises tax rises, spending cuts