Direct Loan Canada Blog

Billionaire hedge fund manager Michael Steinhardt has agreed to turn over US$70 million worth of stolen antiquities and will be subject to an unprecedented lifetime ban on acquiring antiquities, the Manhattan district attorney announced Monday.
Source: ctv business
Hedge fund founder Michael Steinhardt will return plundered antiquities

Just a day before the head of Instagram will face questions from lawmakers over its child safety practices, the company is rolling out a handful of new features aimed at making it harder for users, particularly teenagers, to fall down rabbit holes that could be harmful to their mental health.
Source: ctv business
Instagram will now tell users when to take a break from using the app

Better.com CEO Vishal Garg announced the mortgage company is laying off about 9 per cent of its workforce on a Zoom webinar Wednesday abruptly informing the more than 900 employees on the call they were being terminated just before the holidays.
Source: ctv business
Better.com CEO fires 900 employees over Zoom

Canada’s main stock index was up more than 300 points in late-morning trading in a broad-based rally as fears about the impact of the latest COVID-19 variant lessened and the price of oil surged back over US$70 a barrel.
Source: ctv business
S&P/TSX composite up more than 300 points, U.S. stock markets also rally

Craig Wright, a computer scientist who claims to be the inventor of Bitcoin, prevailed in a civil trial verdict Monday against the family of a deceased business partner that claimed it was owed half of a cryptocurrency fortune worth tens of billions.
Source: ctv business
Bitcoin trial: Defendant wins dispute over US billion in Bitcoin

Canada’s big banks and insurance companies say they have obtained a court order that will allow them to hold their annual meetings next year as electronic-only or as hybrid meetings.
Source: ctv business
Banks and insurance companies obtain court order to allow virtual AGMs in 2022

Toyota is preparing to build a US$1.3 billion electric vehicle battery plant near Greensboro, North Carolina, that will employ at least 1,750 people, government officials said Monday.
Source: ctv business
Toyota to build US.3B battery plant near Greensboro, N.C.

Belarus on Monday announced retaliatory restrictions on airlines from the European Union and the U.K., as well as a ban on imports of Western goods from countries that have introduced sanctions against the former Soviet nation.
Source: ctv business
Belarus bans Western imports, airlines from EU and U.K.

Regulators are asking questions about the deal to bring Donald Trump’s new social media company to the stock market, one that has attracted both legions of fans of the former president and people looking to make a quick profit.
Source: ctv business
Trump social-media venture under scrutiny by U.S. regulators

Regulators are looking into the deal that would bring Donald Trump’s new social media company to the stock market, one that has attracted both legions of fans of the former president and people looking to make a quick profit.
Source: ctv business
Trump media venture eyed by regulators; names Nunes CEO