Tag: business news channels

Tupperware says it may go out of business Tupperware may go out of business, the company warns 04:34Tupperware is warning it may go out of business, just three years after the retro brand enjoyed a surprise surge from legions of pandemic shut-ins trying their hands at cooking. The Orlando-based company said it had “substantial doubt about its ability to continue as a going concern” in a press release and filing securities. Shares of the direct marketing company plunged 50% after the announcement late Friday. Tupperware’s stock was trading at about $1.28 a share Tuesday, down 70% since the start…

Economy holds steady The Canadian Press – Jun 30, 2023 / 6:27 am | Stories: 434570Photo: The Canadian PressStatistics Canada says the Canadian economy remained essentially unchanged in April, following a slight uptick in March. The federal agency’s advance estimate suggests real gross domestic product grew 0.4 per cent in May, led by the manufacturing and wholesale trade sectors. The April figure came in lower than expected by Statistics Canada as services-producing industries were unchanged while goods-producing industries edged up 0.1 per cent. The Canadian economy is largely expected to stall in the latter half of this year…