Shares of GameStop jumped on Tuesday for the fifth straight day, as the meme stock rally that began earlier this year got more juice on news about the video game retailer’s e-commerce strategy and speculation that small investors will pour stimulus check funds into stock markets. GameStop shares were up 23.5 per cent to $239.80 […]
Tag Archives: Canada
Unilever, the owner of Dove, Vaseline and Axe, is dumping the word “normal.” The consumer goods giant announced Tuesday that it would no longer use the term to describe certain physical characteristics on its packaging for beauty and personal care products, which include Rexona deodorants and Sunsilk shampoos. The company says the move “comes as […]
The true financial impact of COVID-19 will take years, if not decades, to ascertain. But now, a year after the pandemic forced all Canadians inside their homes for the first time, we know not every Canadian was dealt the same hand. “I think one thing: regardless of how you fared during COVID, it threw […]
BANGKOK — Oil prices remained elevated Monday as Saudi Arabian oil facilities were targeted by drone strikes just days after the largest crude exporting nations in the world said they would not increase output. Brent crude, the international standard, surpassed $70 per barrel for the first time in over a year. Even after it lost […]
OTTAWA — Decades of job gains for women could vanish if Ottawa’s plan to recover from the COVID-19 pandemic doesn’t rethink federal skills programs and stimulus plans, experts said Monday. Low-income women face a particularly steep climb out of the economic hole opened by COVID-19. Employment among women remains about 5.3 per cent below where […]
The federal Liberals are ruling out a budget this month, but plan to table one at some point this spring, a spokesperson for Finance Minister Chrystia Freeland confirmed Monday. “The federal government continues to evaluate the economic impact of regional lockdowns, the emergence of new variants of the virus, and the increased pace of […]
VANCOUVER — Temporary relief drivers saw earlier in the pandemic may be a thing of the past as gas prices continue to climb in Metro Vancouver. On Monday morning, some stations were charging 151.9 cents per litre at pumps in the city. Others charged slightly less, according to reports to gas price website GasBuddy.com, but […]
Shares of GameStop Corp jumped over 40 per cent on Monday after the world’s largest video game retailer tapped Chewy co-founder Ryan Cohen to spearhead a new committee to help its transition to an e-commerce business. Cohen, who is a major GameStop shareholder, has been pushing GameStop to move away from its traditional brick-and-mortar […]
NEW YORK — GameStop took a step toward a more digital future Monday, naming an activist investor to lead company efforts to push more of its business online. The stock, which has become the focus of federal regulators after online traders challenged more institutional investors and sent shares gyrating wildly, jumped 12 per cent in […]
Tesla turned heads last month when it revealed that it had invested big in bitcoin. Now a Chinese company is jumping on the cryptocurrency bandwagon, too. Meitu, a tech firm known for a popular photo-editing app, said Sunday that it bought some US$40 million worth of cryptocurrency. That includes about $18 million worth of bitcoin […]