Tag: business news websites

Tupperware shares tank as company warns it may go out of business

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Tupperware shares tank as company warns it may go out of business
Business News
Shares in Tupperware have tumbled to their lowest level on record as the iconic food storage company warned investors that it is in danger of going out of business. The company’s stock price fell by 50 per cent on Monday after the company said in a press release over the holiday weekend that it has hired financial advisors to explore options for the company and to “remediate its doubts regarding its ability to continue as a going concern .” Shares in Tupperware had been on a downslope for years, as the company’s 77-year-old main business model of selling direct-to-consumers via…

Kyle Richards and Mauricio Umanksy share a joint statement addressing divorce rumours

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Kyle Richards and Mauricio Umanksy share a joint statement addressing divorce rumours
Business News
Kyle Richards and Mauricio Umansky have addressed speculation that they are ending their 27-year marriage. the Real Housewives of Beverly Hills (RHOBS) stars said the rumors of an imminent divorce were “untrue”, after a source claimed they “have been separated for a while now” in a report by People this week. In a statement posted to her Instagram on Tuesday morning (4 July), Richards, 54, wrote: “In regards to the news that came out about us today… Any claims regarding us divorcing are untrue.” She admitted that the couple “had a rough year”, adding that it was “the most challenging…

Canadians seeking financial advice from banks left unsatisfied

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Canadians seeking financial advice from banks left unsatisfied
Business News
Breadcrumb Trail LinksNews Executive Summary ExecutivesRoughly two-thirds of retail bank customers ‘financially unhealthy,’ the study findsPublished June 30, 2023 • 4 minute readPedestrians walk near a Royal Bank of Canada building in the financial district of Toronto. Photo by Brent Lewin/Bloomberg filesArticle content As high inflation, rising interest rates and market volatility take a toll on their finances, Canadians are seeking advice from their financial institutions, but some banks are not delivering this effectively, according to a new study.Advertisements 2This advertisement has not been loaded yet, but your article continues below.THIS CONTENT…

Inflation dip won’t be enough to stop another bank rate hike: analysts

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Inflation dip won’t be enough to stop another bank rate hike: analysts
Business News
OTTAWA – Forecasters are expecting the Bank of Canada to move ahead with another interest rate hike in July, even as they expect the annual inflation rate to slow significantly. Statistics Canada is set to release its consumer price index report for May on Wednesday, providing the most up-to-date inflation reading ahead of the Bank of Canada’s interest rate decision on July 12. “I think this release is probably going to be a fairly optimistic one for inflation, in the sense that we are expecting the inflation rate to go down below four per cent,” said James Orlando, TD’s director…