The rumours are true: FCA (Fiat Chrysler Automobiles) is merging with PSA, the European maker of Peugeot, Citroen, Opel and Vauxhall vehicles, both corporations confirmed in a press release October 31. According to The Detroit Free Press, the two companies struck a deal that will see a 50-50 joint shareholder-owned...
The Canadian Security Intelligence Service warned that the arrest of Huawei Technologies Co.’s chief financial officer in Vancouver on a U.S. extradition request would have global political ramifications, according to new documents that reveal the spy agency’s involvement in the case for the first time. In a redacted Dec. 1,...
Bitcoin witnessed a sudden double-digit spike to 10-day highs on Friday. The top cryptocurrency picked up a bid near $32,000 at around 08:30 UTC and jumped to $37,050, the highest level since Jan. 19, according to CoinDesk 20 data. The 15.7% rise happened in less than 15 minutes and more...
Michael Burry cashed out his GameStop shares last quarter, meaning he probably missed out on the Reddit-fueled buying frenzy that boosted the video-game retailer's stock up as much as 2,500% last month. Burry is best known for his billion-dollar bet against the US housing-market bubble, which was chronicled in the...
A giant tuna fetches $632,000 in New Year auction at Tokyo's Tsukiji market. A Japanese sushi chain boss bid a winning 74.2 million yen ($632,000) Thursday for a 466 pound bluefin tuna in what may be Tsukiji market’s last auction at its current site in downtown Tokyo. The winning bid Thursday...
Sweatcoin, a free smartphone app that pays people to be physically active, said on Wednesday it has secured its first round of institutional funding after topping download charts in Britain and the United States. Sweatcoin lets users earn “sweatcoins” for working out, and the app is taking off fast. The...
Monday, February 15, 2021 is President’s Day. Many of us like to get tasks such as banking done on Mondays. And it can be hard to remember which holidays banks close for. So you might find yourself wondering, “are banks open on President’s Day 2021?” When Is President’s Day President’s Day...
Canada’s 100 highest-paid chief executive officers earned 209-times more than the average worker in 2016, according to a new report by the Canadian Centre for Policy Alternatives. The study shows CEOs make an average of $10.4 million a year. This is 209 times the average income of $49,738. On an hourly...
A new economic system is needed to tackle rampant inequality, says a new Oxfam report.. The gap between rich and poor is fracturing society, poisoning politics and fueling public anger, according to a new report from anti-poverty nonprofit Oxfam, which found that last year just 26 people owned the same...
Mark Zuckerberg loses $3 billion as world's richest get pummelled by market swoon. It’s been an expensive week for the world’s richest people. Mark Zuckerberg is nursing the biggest fall after losing $3.2 billion as large cap stocks disappointed for a fourth straight day. Losses for the Facebook Inc. chief...