'Saved by the Bell' star Dustin Diamond has died after a battle with cancer. He was 44.
'Saved by the Bell' star Dustin Diamond has died after a battle with cancer. He was 44.
Exclusive: Ian Lavery slams suggestion that MPs will be whipped to oppose key plank of Labour 2019 manifesto.
TORONTO — Canada's main stock index posted a triple-digit decline in late-morning trading as U.S. stock markets also fell and the loonie climbed higher. The S&P/TSX composite index was down 107.87 points at 18,376.66. In New York, the Dow Jones industrial average was down 95.69 points at 31,866.17. The S&P 500 index was down 25.05 points at 3,900.38, while the Nasdaq composite was down 136.95 points at 13,461.02. The Canadian dollar traded for 79.88 cents US compared with 79.69 cents US on Wednesday. The April crude oil contract was unchanged at US$63.22 per barrel and the April natural gas contract was down a penny at US$2.79 per mmBTU. The April gold contract was down US$23.70 at US$1,774.20 an ounce and the May copper contract was down two cents at US$4.28 a pound. This report by The Canadian Press was first published Feb. 25, 2021. Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X) The Canadian Press
Coinbase has filed papers with U.S. regulators to become a publicly traded company as digital currencies continue to march toward mainstream acceptance. The digital currency exchange is seeking a direct listing, which would allow company insiders and early investors to convert their stakes in Coinbase into publicly traded stock. In a Thursday filing with the Securities and Exchange Commission, Coinbase also revealed how interest in digital currency is gaining steam on the exchange. Revenue more than doubled to $1.14 billion in 2020 and the company swung to a profit of $322.3 million after losing tens of millions the previous year. There were 43 million verified Coinbase users in 2020, with 2.8 million making transactions monthly. Coinbase is taking the step toward becoming public at at time when chatter about cryptocurrencies is everywhere, even at the U.S. Federal Reserve. Tesla this month said that it was buying $1.5 billion in Bitcoin as part of a new investment strategy, and that it would soon be accepting Bitcoin as payment for its electric cars. Also this month, BNY Mellon, the oldest bank in the U.S., said it would include digital currencies in the services it provides to clients. Mastercard said it would start supporting “select crypto currencies” on its network. And Blue Ridge Bank of Charlottesville, Virginia, said it would allow cardholders to purchase and redeem Bitcoin at 19 of its ATMs. But volatility currently makes the use of digital currency for the exchange for goods and services untenable. This month, the price of a single Bitcoin exceeded $50,000 for the first time. It's value is up 450% over the past year, down 8% this week, and up 4% Thursday. An early digital currency adopter, billionaire Chamath Palihapitiya, tweeted this month that he bought an empty lot in Lake Tahoe using $1.6 million in Bitcoin in 2014. He converted that pricetag to the equivalent of what he would have paid in February, or what he would have in his pocket if he had just held on to his Bitcoin: $27.5 million. Coinbase Global Inc. is looking to list on the Nasdaq under the ticker symbol “COIN." It won't raise any proceeds from the listing. Michelle Chapman, The Associated Press
Tesla reportedly has temporarily reduced production of its Model 3 compact car amid a global semiconductor shortage that has hurt auto manufacturing.
Fry's Electronics is closing its doors after 36 years. Fans of the quirky electronics chain shared what made it a fun place to shop.
NEW YORK — Best Buy said Thursday that it laid off 5,000 full-time store workers earlier this month, even as the company's sales soared during the pandemic as homebound people bought laptops, TVs and other gadgets. The company said it cut the jobs because more shoppers are choosing to buy online instead of coming inside its stores. Best Buy said it will replace the 5,000 full-time employees with 2,000 part-time workers. Best Buy's workforce has shrunk in the last year after having to furlough workers when it closed stores during the pandemic. It currently has more than 100,000 workers, down by 21,000, or 17%, from the year before. The company is retraining workers to help with online orders. And more space in stores is being used to ship orders or to get them ready for curbside pickup, where shoppers buy online and fetch their orders in the parking lot. Online sales soared 89% from November to the end of January, compared with the same months a year ago, Best Buy said Thursday. Revenue during that quarter grew 11% to $16.9 billion. Its profit rose nearly 10% to $816 million. Its adjusted earnings per share came to $3.48 per share, beating Wall Street expectations. Sales online and at established stores, a key metric of a retailer's health, rose 12.6% in the last quarter and increased 9.7% last year. It expects that number to rise 20% in the current quarter, but growth is expected to slow this year to fall 2% or rise as much as 1%. Best Buy shares fell nearly 6% to $107.05 in morning trading Thursday. Joseph Pisani, The Associated Press
TORONTO — OMERS says its portfolio lost 2.7 per cent, net of expenses, last year as the COVID-19 pandemic hammered its investments. The pension fund manager says widespread lockdowns in investments that included retail properties, and the transportation and entertainment sectors explained more than half of its shortfall to its benchmark for the year. It says its portfolio also holds significant allocations to dividend-paying financial services and energy businesses, sectors that did not fully recover during the market rally at the end of last year. OMERS says it was also hurt by a rebound in the Canadian dollar after it fell sharply at the start of the pandemic. The fund manages investments to pay pensions for municipal employees from communities across Ontario. Its funded status on a smoothed basis remained at 97 per cent. "We are a long-term investor that pays pensions over decades, and with a strong team and strategy in place, this single year will not define us," OMERS chief executive Blake Hutcheson said in a statement. "We are active investors and asset managers with high-quality assets diversified globally and we believe in the strong investment future that our portfolio represents for over 500,000 members and our more than 1,000 employers in Ontario." This report by The Canadian Press was first published Feb. 25, 2021. The Canadian Press
Check out Andy Behrens' strategy for handling starting pitchers in 2021 fantasy baseball drafts.
While the awards show will be aired on NBC, that doesn't mean those without cable are out of luck.
New data suggests Americans should be less pessimistic about the dangers of a fourth, variant-driven wave — and more optimistic about a return to something resembling normal life this summer.
Great results for less than $10.
Jamie Spears is speaking out through his attorney about daughter Britney Spears's controversial conservatorship — and says "people have it so wrong."
Zoom will make the live transcription setting available to all users of the video conferencing tool by fall of 2021.
Over seven million people are in priority group six who are 16 to 65 years and in an at-risk group.
"New opportunities are knocking on the door and it’s time to explore them," he said.
The U.S. National Highway Traffic Safety Administration has issued recalls for February 18 through 25, including...
'I can't live without it.'
OTTAWA — A Canada Mortgage and Housing Corp. report has found the COVID-19 pandemic was no match for Canada's real estate market, which saw prices and sales soar in several major cities during the health crisis.The federal housing agency says government relief programs, variations in lockdown measures and pent-up demand for homes resulted in higher than expected sales, average prices and housing starts in Vancouver, Calgary, Edmonton, Toronto, Ottawa and Montreal in 2020.CMHC says lockdowns and other restrictions caused a sharp declines in sales and price levels in the second quarter of 2020, but by the end of the third quarter, they had rebounded and climbed beyond pre-pandemic levels.CMHC now says the number of sales has outpaced new listings, placing upward pressure on average prices.The agency found sales growth is stronger in more expensive housing markets like Vancouver, Toronto, Ottawa and Montreal, where more high-income households adapted to work from home easily.Those working in lower-paid industries have been less able to adapt to pandemic conditions and are driving down demand for less expensive housing.This report by The Canadian Press was first published Feb. 25, 2021. The Canadian Press
"Martha did not come to play."
The feds doled out about $1.9 billion to oil and gas companies in 2020.