Direct Loan Canada Blog

Elon Musk sold US$3.95 billion worth of Tesla stock since completing his purchase of Twitter late last month.
Source: ctv business
Elon Musk sold nearly US billion worth of Tesla stock since Twitter deal closed

Adidas on Wednesday lowered its earnings forecast for the year to account for losses from ending its partnership with the rapper formerly known as Kanye West over his antisemitic remarks.
Source: ctv business
Adidas’ breakup with Ye drives lower earnings outlook

Facebook parent Meta is laying off 11,000 people, about 13% of its workforce, as it contends with faltering revenue and broader tech industry woes, CEO Mark Zuckerberg said in a letter to employees Wednesday.
Source: ctv business
Facebook parent company Meta laying off 11,000 employees

Twitter said Tuesday it will add a grey ‘official’ label to some high-profile accounts to indicate that they are authentic, the latest twist in new owner Elon Musk’s chaotic overhaul of the platform’s verification system.
Source: ctv business
Twitter to add ‘official’ label to high-profile verified accounts

Empire Co. Ltd. remained tight-lipped Tuesday about computer system issues that are still impeding customers seeking prescriptions at some pharmacies it operates.
Source: ctv business
Empire Co. tight-lipped as IT problems affect pharmacies at Sobeys and other stores

Adidas has appointed Bjorn Gulden, the CEO of rival Puma, as its new chief executive, and he will take over the German sportswear brand in January as the company weathers the fallout from its split with the rapper formerly known as Kanye West.
Source: ctv business
Adidas appoints boss of rival Puma as CEO after Ye fallout

A federal judge has denied Elizabeth Holmes’ request for a new trial, according to court filings on Monday, paving the way for the founder of failed blood testing startup Theranos to be sentenced later this month.
Source: ctv business
Elizabeth Holmes’ request for a new trial is denied

Should California’s richest residents pay higher taxes to help put more electric vehicles on the road? That’s a question the state’s voters are weighing in the election that concludes Tuesday.
Source: ctv business
California voters weigh new tax on rich to boost electric vehicle adoption

Strength in the base metals sector helped lead Canada’s main stock index higher in late-morning trading, while U.S. stock markets also pushed higher.
Source: ctv business
S&P/TSX composite up nearly 200 points in late-morning trading, U.S. stocks also up

An extortionist has threatened to make Medibank customer data public within 24 hours after Australia’s largest health insurer refused to pay a ransom for the personal records of almost 10 million current and former customers.
Source: ctv business
Extortionist threatens to publish Australian customer data