Direct Loan Canada Blog

Elon Musk has taken over Twitter and fired its CEO and other top executives. Trading in company shares was suspended Friday on the New York Stock Exchange and the stock will be officially delisted early next month, according to a filing with securities regulators. So now what?
Source: ctv business
Why did Elon Musk just spend billions to take over Twitter?

Canada’s main stock index was up in late-morning trading, with mixed movement across the major sectors, while U.S. stock markets climbed higher.
Source: ctv business
S&P/TSX composite index up almost 22 points, U.S. markets also up

Japan’s Cabinet approved Friday a hefty economic package including 29 trillion yen (US$200 billion) in government spending to counter the blow to household budgets from inflation, signaling that the greater concern of its policymakers is that the economy will stall, not overheat.
Source: ctv business
Japan Cabinet OKs US0B spending plan to counter inflation

The Canadian economy edged slightly higher in August and initial estimates pointed to growth continued in September as worries of an impending recession grow.
Source: ctv business
Canadian economy grew 0.1 per cent in August, continuing on path of modest growth

The German economy grew in the third quarter, an unexpectedly positive performance powered largely by private spending, official figures showed Friday.
Source: ctv business
German economy sees unexpected growth in third quarter

Elon Musk has taken control of Twitter after a protracted legal battle and months of uncertainty. The question now is what the billionaire Tesla CEO will actually do with the social media platform.
Source: ctv business
Musk in control of Twitter but where will he go from here?

Rogers Communications Inc. and Canada’s competition watchdog have failed to resolve their differences over the telecom giant’s $26-billion proposed takeover of Shaw Communications Inc. following a mediation period and weeks of talks.
Source: ctv business
Rogers-Shaw merger mediation session fails to yield settlement

Elon Musk attempted to soothe leery Twitter advertisers Thursday, a day before a deadline to close out on his US$44 billion acquisition of the social media platform, saying that he is buying the platform to ‘help humanity’ and doesn’t want it to become a ‘free-for-all hellscape.’
Source: ctv business
Musk doesn’t seek a ‘free-for-all hellscape’ for Twitter

Elon Musk has taken control of Twitter and ousted the CEO, chief financial officer and the company’s top lawyer, two people familiar with the deal said Thursday night.
Source: ctv business
Elon Musk completes B deal to buy Twitter, then fires top execs

Walt Disney Co Chief Executive Bob Chapek, asked to address criticism the company had become ‘too woke,’ said on Wednesday that its programming will cater to the audience and reflect the ‘rich, diverse’ world of viewers.
Source: ctv business
Disney CEO, asked if company is ‘too woke,’ says it will cater to audience