Walmart Settles $45 Million Class-Action Lawsuit over Alleged Overcharging
Retail giant Walmart (NYSE: WMT) has agreed to pay $45 million to settle a class-action lawsuit that accused the company of overcharging customers for certain food items. The lawsuit, Kukorinis v Walmart Inc., alleged the following: For weighted goods like meat and seafood, Walmart’s point-of-sale systems would artificially inflate the product’s weight, resulting in customers […]
Severe Storm Wreaks Havoc Across the United Arab Emirates
A powerful storm has caused widespread disruption and damage across the United Arab Emirates, forcing the cancellation of flights at Dubai’s international airport and leaving many residents stranded. The UAE has experienced its heaviest rains in 75 years, according to meteorological authorities. One person was killed in flash flooding in Ras Al Khaimah, and over […]
Cost of Natural Gas Goes Negative
Natural gas prices in the leading U.S. shale field have reached their lowest point in 15 months this week, with trading continuing in negative territory due to persistent oversupply issues. According to data from LSEG, prices at the Waha hub in west Texas closed at negative $2.99 per million British thermal units on Monday, marking […]
The US Provides Assurances to the UK, Bringing Julian Assange Inches Closer to Extradition
The United States has provided assurances requested by the High Court in London that could bring it closer to extraditing WikiLeaks founder Julian Assange from Britain. Last month, the High Court ruled that without certain US guarantees, Assange would be allowed to launch a new appeal against extradition. The US has now submitted these assurances […]
Government Targets High Earners with New Taxes in 2024 Federal Budget
In a bid to address economic inequality among Canada’s youth and give them “a fair chance at a middle class life,” the 2024 federal budget unveiled by Deputy Prime Minister and Finance Minister Chrystia Freeland is taking aim at the country’s top earners through new tax measures. The objective is to offset significant new spending […]
Benton Resources Intersects 1.99% Copper Over 18.1 Metres At Great Burnt
Benton Resources (TSXV: BEX) continues to intersect high grade copper under its winter drill program at the Great Burnt Copper project in Newfoundland. The latest results consist of two infill drill holes as well as one exploratory hole to the southwest of the main deposit. Highlights from the results include: GB-24-35: 0.24% copper over 1.40 […]
Struggling Seafood Chain Red Lobster Considers Bankruptcy Filing
Red Lobster, the well-known seafood restaurant chain, is considering filing for Chapter 11 bankruptcy as it seeks to restructure its debt, according to multiple reports. The company has been facing financial challenges, including heavy lease obligations and high labor costs, which have weighed down its cash flows. Red Lobster, which started out as a single […]
Canada To Increase Capital Gains Taxes As Spending Continues
Canada’s Liberal government has released its proposed budget for 2024, which is headlined by capital gains tax increased for corporations and individuals earning beyond a defined threshold. The changes are said to impact the top 0.13% of Canadians as per the federal government, as well as corporations that record capital gains. “Budget 2024 announces the […]
Hong Kong Approves Spot Bitcoin and Ether ETFs
Hong Kong has approved the launch of spot Bitcoin and Ether exchange-traded funds (ETFs) on Monday. This move follows similar actions by regulators in the US earlier this year. Three asset managers, including Harvest Global Investments and a partnership between HashKey Capital Ltd. and Bosera Asset Management (International) Co., have received initial approvals from the […]
Justice Department Is Getting Ready To File Antitrust Lawsuit Against Ticketmaster
The US Department of Justice is preparing to file an antitrust lawsuit against Live Nation (NYSE: LYV), the parent company of ticketing giant Ticketmaster, according to multiple reports. This would mark a significant escalation in the government’s scrutiny of the company’s dominant position in the live entertainment industry. The Wall Street Journal and Bloomberg both […]