A recent survey of Canadian restaurant owners reveals that half of food service businesses are either operating at a loss or barely breaking even. While sales have improved since the COVID-19 pandemic, profits remain low due to soaring operating costs and foot traffic that has yet to return to pre-pandemic

Prime Minister Justin Trudeau ended weeks of speculation on Monday morning by announcing his resignation, raising questions about how an expedited Liberal leadership contest will unfold amid the looming threat of U.S. tariffs. Trudeau, who has served as Liberal leader since 2013 and prime minister since 2015, revealed his

A new development in South Los Angeles is set to feature a first-of-its-kind Costco combined with residential apartments. On September 18, the city broke ground on this innovative project in Baldwin Village, which will house a Costco warehouse along with 800 rental units. Of these apartments, 184 (23%) will be

Four years after a mob stormed the US Capitol in an attempt to support Donald Trump’s last-ditch effort to overturn his 2020 election defeat, the events of January 6, 2021, have become a political and cultural flashpoint — with little apparent political damage to the president-elect. The attack initially drew

This is a sponsored post from Polymarket. Prime Minister Justin Trudeau ended weeks of speculation on Monday morning by announcing his resignation, raising questions about how an expedited Liberal leadership contest will unfold amid the looming threat of U.S. tariffs. Trudeau, who has served as Liberal leader since 2013

Liberal Party Leader Justin Trudeau is expected to announce his plans to step down, according to three sources on Sunday, as he faces internal dissent and poor public opinion polls suggesting Pierre Poilievre's Conservatives could achieve a landslide victory. The sources, who were not authorized to speak publicly,

Italy is in advanced negotiations with Elon Musk's SpaceX for a €1.5 billion ($1.55 billion) deal to provide secure telecommunications services to the government, according to a report from Bloomberg News on Sunday. While discussions are still ongoing and a final five-year contract has yet to

Greenland’s Prime Minister, Múte Egede, expressed a renewed commitment to pursuing independence from Denmark following President-elect Trump’s comments about potentially purchasing the island. “The Greenlandic people’s path to independence has been outlined through the provisions of the Self-Government Act, which establishes the legal framework for achieving independence,

Vogue editor Dame Anna Wintour, U2 frontman Bono, and billionaire George Soros were among those honored with America’s highest civilian award by outgoing President Joe Biden. Former Secretary of State Hillary Clinton joined actors Denzel Washington and Michael J. Fox as recipients of the Presidential Medal of Freedom during

A judge on Friday scheduled President-elect Donald Trump's sentencing for his hush money case on January 10, just over a week before his return to the White House. However, the judge indicated that Trump would not be sent to jail. This development still puts Trump on track to

China is seeing a significant increase in human metapneumovirus (HMPV) cases, raising concerns about a potential new health crisis after the COVID-19 pandemic. Reports and social media posts describe overcrowded hospitals, with mentions of various viruses circulating, including HMPV, influenza A, Mycoplasma pneumoniae, and COVID-19. HMPV is a respiratory virus

Most Americans see health insurance profits and coverage denials as contributing factors in the killing of UnitedHealthcare CEO Brian Thompson, though they assign primary responsibility to the person who pulled the trigger, according to a new poll. The survey, conducted by NORC at the University of Chicago, found that about

Banks, long envious of Tether Holdings' billions in profits from stablecoins, are now jumping into the market themselves. This year, Societe Generale - Forge (SG-Forge) made its euro-backed stablecoin, essentially a blockchain-based representation of fiat currency, available to retail investors. Other financial institutions are following suit. Oddo BHF SCA

De Beers is grappling with a surplus of natural diamonds, with its inventory reaching $2 billion—the highest level since the 2008 financial crisis—according to the Financial Times. This stockpile has remained at approximately $2 billion for much of 2024, reflecting waning demand for rough diamonds. "It'

The number of light vehicles on American roads has reached a record high—around 290 million—and they’ve never been older. This shift reflects improved manufacturing quality, as vehicles routinely surpass 100,000 miles, a milestone that used to be remarkable. Thirty years ago, the average car was 8.

Google CEO Sundar Pichai and other top executives concluded the year with a pivotal strategy meeting on December 18, focusing on what they see as a crucial year ahead, particularly in the realm of artificial intelligence. During the meeting, audio of which was obtained by CNBC, Pichai emphasized the need

In 2024, Americans experienced some financial relief as inflation eased, prompting the Federal Reserve to lower interest rates three times. These cuts followed a period of aggressive rate hikes that had pushed borrowing costs to their highest levels in 23 years in an effort to combat surging prices. Looking ahead

Over the past decade, the combined wealth of billionaires has surged by 121%, reaching $14 trillion, according to a report from Swiss bank UBS released Thursday. Tech billionaires saw the fastest growth in their fortunes during this period. The number of billionaires globally grew from 1,757 in 2013 to

A new report highlights a troubling rise in credit card loan defaults, with experts warning that Americans’ mounting consumer debt is reaching a breaking point. During the first nine months of 2024, lenders wrote off over $46 billion in seriously delinquent credit card loans, according to data from BankRegData analyzed

Bernie Sanders has said: Elon Musk is wrong. The main function of the H-1B visa program is not to hire “the best and the brightest,” but rather to replace good-paying American jobs with low-wage indentured servants from abroad. The cheaper the labor they hire, the more money the billionaires make.

The rapid spread of bird flu among U.S. poultry flocks is driving egg prices to levels comparable to, or even surpassing, those seen in December 2022 during the post-pandemic inflation surge. In November, the average cost of a dozen Grade A large eggs rose to $3.65, up from

The number of 401(k) plan participants with account balances exceeding $1 million reached a record high by the end of June, according to new data from Fidelity Investments. Approximately 497,000 individuals became so-called 401(k) "millionaires" in the second quarter, reflecting a 2.5% increase from