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Tag: business news today usa

Does Canada really need a digital loonie?

Posted on September 4, 2024 By
Does Canada really need a digital loonie?
Business News
The Bank of Canada is wading into the fraught and controversial world of digital currencies, launching public consultations this week into how Canadians might use a digital dollar. “We’ve been researching a digital dollar for quite a while now,” said Carolyn Rogers, the senior deputy governor of the central bank. “And we’re at a point where we need help from Canadians, we need to understand what Canadians want.” And yet the bank maintains there is neither a need nor a plan to launch a digital loonie. So, why bother with the public consultations at all? Rogers says more transactions are…

Facebook has 3 billion users – many of them are old – Business News

Posted on September 1, 2024 By
Facebook has 3 billion users – many of them are old – Business News
Business News
Photo: The Canadian PressFacebook says it’s not dead. Facebook also wants you to know that it’s not just for “old people,” as young people have been saying for years. Now, with the biggest thorn in its side — TikTok — facing heightened government scrutiny amid growing tensions between the US and China, Facebook could, perhaps, position itself as a viable, domestic-bred alternative. There’s just one problem: young adults like Devin Walsh have moved on. “I don’t even remember the last time I logged in. It must have been years ago,” said Walsh, 24, who lives in Manhattan and works…

Rupert Murdoch calls off proposed Fox-News Corp merger

Posted on July 23, 2024 By
Rupert Murdoch calls off proposed Fox-News Corp merger
Business News
Rupert Murdoch has withdrawn his proposal to re-combine Fox Corp and News Corp. Fox said Tuesday its board received a letter from Murdoch, its chairman, and his son and Fox CEO Lachlan Murdoch that “determined that a combination is not optimal for the shareholders” of either of the companies at the time. The withdrawal proposal comes as News Corp has been in advanced discussions to sell its stake in Move Inc., the parent company of Realtor.com, to commercial real estate company CoStar Groupaccording to a person familiar with the matter. The deal could be valued at more than $3 billion,…

Delivering Search Personalization With (User) Intent

Posted on June 27, 2024 By Gusti
Delivering Search Personalization With (User) Intent
Business News
When it comes to online shopping, search personalization is more important today than ever before. If in 2019 about 60% of shoppers expected to get personalized search results, in 2020 that number increased to 80%. A recent McKinsey report shows that today’s customers don’t just prefer a personalized shopping experience — they demand it. In 2023, relevance is the name of the game. Search personalization is the basis of positive brand perception, customer engagement and customer loyalty. Shoppers expect to only see relevant results. It’s no longer acceptable to respond to a given query by bombarding the user with generic…

Apple became the first company to have a market cap topping $3 trillion

Posted on July 4, 2023 By
Apple became the first company to have a market cap topping  trillion
Business News
Apple’s market cap topped $3 trillion on Friday, as shares rose about 1% to a new high and passed the $190.73 price required to hit the milestone, according to CNBC’s most recent share count. Apple was the first company to hit a $3 trillion market cap during intraday trading in January 2022, but it failed to close at that level. It has another shot to do that on Friday. It shows investors remain bullish on the stock and Apple’s portfolio of products and services, despite the company’s warning in May that its current quarter revenue is expected to fall about…

Telus scraps 1.5% credit card surcharge on customer bills

Posted on June 28, 2023 By
Telus scraps 1.5% credit card surcharge on customer bills
Business News
Telus has reversed its decision to charge an extra fee to customers who use a credit card to pay their bills. Last fall, the telecom company announced it would start charging some of those customers a fee of up to 1.5 per cent. That change came about as a result of a settlement between credit card companies and merchants that would allow merchants to start passing on the cost of fees known as interchange fees directly to customers. Telus was among the first companies to attempt to do so, notifying customers last summer of its plans. When asked for comment…

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