Direct Loan Canada Blog

Just three months ago, Apple became the top-selling smartphone brand in China for the first time in six years. Now it’s fallen back behind its Chinese rivals after suffering more than others from a first quarter slump in sales.
Source: ctv business
Apple loses top spot in China as smartphone sales slump

Airbnb won’t require most staffers to return to the office — ever. The company told employees Thursday that they can permanently work remotely and can relocate anywhere within the country they currently work.
Source: ctv business
Airbnb says staffers can work remotely forever, if they want

Amazon reported a nearly US$4 billion loss in the first three months of the year, sending the company’s stock plunging.
Source: ctv business
Amazon reports US.8B loss, stock plunges

Thousands of workers in the United States and Canada have left oil and gas jobs, put off by arduous conditions, remote locations, and insufficient compensation, or lured to the renewables sector as the world transitions to cleaner energy.
Source: ctv business
Canadian, U.S. oil companies scramble to find workers despite boom

Stocks fell broadly in afternoon trading on Wall Street Friday, putting major indexes back into the red for the week after several sharp moves both up and down over the past few days.
Source: ctv business
Stocks fall on Wall Street, sinking indexes for the week

Weak results from Amazon soured sentiment as North American stock markets fell to wrap up a dismal April with Canada’s main index posting its fifth consecutive month of declines.
Source: ctv business
S&P/TSX composite falls to wrap up dismal April and fifth-straight monthly decline

In the three days after Elon Musk engineered a deal to buy Twitter, he sold roughly US$8.5 billion worth of shares in Tesla to help fund the purchase
Source: ctv business
Musk sells US.5B in Tesla stock as he readies to buy Twitter

The U.S. economy shrank in the first three months of the year, and faces threats from high inflation and rising interest rates, yet economists foresee a return to growth for the rest of 2022 based on the strength of the job market and consumer spending.
Source: ctv business
U.S. economy shrinks, threats loom, but growth likely to last

Amsterdam’s Schiphol airport has asked airlines to cancel flights over the weekend to avoid chaos due to overcrowding at Europe’s third busiest airport, it said on Thursday.
Source: ctv business
Amsterdam airport asks airlines to cut flights to avoid chaos

McDonald’s announced last month that it would temporarily close its restaurants in Russia because of the country’s invasion of Ukraine. It also closed restaurants in Ukraine. Those shutdowns cost McDonald’s US$127 million last quarter.
Source: ctv business
McDonald’s left with millions of dollars of Russian food it can’t use