Tag: cnn business news

Meta’s Threads is now the fastest-growing platform after 100 million users signed up in the first five days

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Meta’s Threads is now the fastest-growing platform after 100 million users signed up in the first five days
Business News

Meta’s Twitter rival Threads crossed 100 million sign-ups within five days of launch, CEO Mark Zuckerberg said on Monday, dethroning ChatGPT as the fastest-growing online platform to hit the milestone. Threads have been setting records for user growth since its launch on Wednesday, with celebrities, politicians and other newsmakers joining the platform seen by analysts … Read More “Meta’s Threads is now the fastest-growing platform after 100 million users signed up in the first five days” »

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 … Read More “Inflation dip won’t be enough to stop another bank rate hike: analysts” »

Smith faces a slew of financial challenges in Alberta after election victory

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Smith faces a slew of financial challenges in Alberta after election victory
Business News

After faltering about a decade ago in her ambitions to lead the Wildrose Party to power in Alberta, Danielle Smith found redemption on Monday night as leader of the United Conservative Party with a majority victory in the provincial election. Smith became premier in October after winning the UCP leadership vote in the wake of … Read More “Smith faces a slew of financial challenges in Alberta after election victory” »

Inflation rate unexpectedly increased in April, jumping up to 4.4%

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Inflation rate unexpectedly increased in April, jumping up to 4.4%
Business News

Canada’s inflation rate reversed its cooling trend last month and moved higher, to a 4.4 per cent annual rate. Economists had been expecting new data released by Statistics Canada on Tuesday to show the cost of living had eased from March’s 4.3 per cent pace to something around 4.1. Instead, it moved higher again, as … Read More “Inflation rate unexpectedly increased in April, jumping up to 4.4%” »

Jenny Craig bankrupt, will close down business in US and Canada

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Jenny Craig bankrupt, will close down business in US and Canada
Business News

After 40 years in business, Jenny Craig’s weight-loss chain has announced it is closing down in the US, Canada, and possibly several other markets around the world. Reports of the chain’s demise first emerged last week, when the chain was scrambling to come up with cash to cover a looming debt payment, and warning staff … Read More “Jenny Craig bankrupt, will close down business in US and Canada” »

New food processing center to open in Kansas City

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New food processing center to open in Kansas City
Business News

KANSAS CITY — West Liberty, Iowa-based West Liberty Foods and Dakota Dunes, SD-based Vertical Cold Storage will partner on a 327,000-square-foot food processing center and supporting cold storage facility, according to the Kansas City Area Development Council. The two companies expect to invest a combined $199.6 million in the project. The facilities will be directly … Read More “New food processing center to open in Kansas City” »

Can SMBs Help Workers In Debt?

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Can SMBs Help Workers In Debt?
Business News

One unfortunate consequence of the pandemic was that many workers became indebted. Now, they have trouble making ends meet while also paying their debts. But the pandemic also spurred the rise of many new small and midsize businesses, which could be the perfect solution to the problem of worker debt. Six in ten employees admit … Read More “Can SMBs Help Workers In Debt?” »