Wall Street to the Rescue! 11 US Banks Pledge $30 Billion in Deposits to Save First Republic Bank
As was widely expected, Wall Street has come to the rescue. A group of major banks are pledging to deposit
Read more
Author: Hermina Paull
The Green Flip-Flop: UK Wants to Delay Closure of Coal Power Plants Over Blackout Fears
The UK government is proposing delaying the scheduled closure of the country’s emergency coal-fired power plants, in an effort to
Read more
CMHC: Housing Starts On The Rise in February
With home sales on the rise, housing starts are also undergoing notable increases, even despite high interest rates. On Wednesday,
Read more
Canadian Home Sales on the Rise Despite High Interest Rates
High interest rates aren’t sending potential homebuyers to the sidelines. Latest data from the Canadian Real Estate Association shows that
Read more
Meta Platforms Will Lay Off Another 10,000 Employees as Zuckerberg Embarks on ‘Year of Efficiency’
Meta Platforms (NASDAQ: META) confirmed rumours of further impending layoffs on Tuesday, unveiling plans to let go upwards of 10,000
Read more
Russian Fighter Jet Collides Into US Surveillance Drone Over The Black Sea
A Russian fighter jet collided with a US Reaper drone on Tuesday, prompting American military officials to ditch the unit
Read more
US Consumer Prices Ease as Expected, But Food, Shelter Inflation Continues to Soar
After rising 6.4% year-over-year in January, US consumer prices continued their descent last month, increasing 0.4% to an annualized 6%—
Read more
Volkswagen to Build First North American EV Battery Factory in Ontario
European automaker Volkswagen is planning to build an EV battery plant in Ontario, marking a significant move for the province’s
Read more
Federal Reserve Promises Additional $25B in Emergency Funding to Safeguard Deposits
The Federal Reserve is making another $25 billion available in backstopping for financial institutions, in an effort to prevent a
Read more
HSBC Buys Silicon Valley Bank’s UK Arm for £1
HSBC has acquired collapsed Silicon Valley Bank’s UK unit for £1, in a symbolic move to rescue the tech lender
Read more