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Netflix shares fall as revenue growth lags estimates

Shares of Netflix tumbled nine per cent on Thursday after the video-streaming pioneer’s lack of lustre revenue rose sparked concerns of a longer road to growth from its new initiatives. The company added nearly 6 million subscribers in the second quarter — almost three times above Wall Street’s expectations — thanks to a crackdown on […]

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What’s spending slowdown? Retail sales suggest Canadians aren’t ready to quit shopping

Up to date retail sales numbers from Statistics Canada on Wednesday show that despite high prices and dire warnings about debt loads, Canadians remain in the mood to shop. The data agency reported Wednesday that retailers took in $65.9 billion in April. That’s an increase of 1.1 per cent from March’s level. Just about every

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

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

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Chile’s plan for state control in lithium dismays business

SANTIAGO, Chile (AP) — The Chilean government’s newly announced plan to have the state take a majority stake in the lithium industry disconcerted business leaders, though analysts cautioned that the proposal appears to try to strike a middle ground between competing interests. President Gabriel Boric announced in a national broadcast Thursday night that private companies

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Tupperware stock plummets after warning it may go out of business

Tupperware says it may go out of business Tupperware may go out of business, the company warns 04:34 Tupperware 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

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Dominion suit against Fox News spotlights Maria Bartiromo

How do you solve a problem like Maria Bartiromo? Fox News executives may be asking themselves that question as she emerges as a central figure in Dominion Voting Systems’ $1.6-billion defamation suit against the conservative news network. In released court documents and deposition testimony connected to the case, Bartiromo is cited throughout for allowing former

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President Biden jokes to dinner guests if you’re disoriented or confused, you’re either ‘drunk or Marjorie Taylor Greene’

President Joe Biden laughs as he speaks during the White House Correspondents’ Association dinner at the Washington Hilton in Washington, Saturday, April 29, 2023.Carolyn Kaster/AP Photo Biden mocked Rep. Marjorie Taylor Greene during his White House Correspondents’ Dinner speech. He said that if the guests felt confused, they would either “drunk or Marjorie Taylor Greene.”

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BuzzFeed News to be shuttered in corporate cost cutting move – Business News

Photo: The Canadian Press FILE – The entrance to BuzzFeed in New York was seen on Nov. 19, 2020. Pulitzer prize winning digital media company BuzzFeed is cutting about 15% of its staff, according to multiple media reports. In a memo sent to staff, co-founder and CEO Jonah Peretti said that the New York company

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Judge denies Elizabeth Holmes’ request to stay out of prison while she appeals fraud conviction

A US District Court judge has ruled that Elizabeth Holmes, founder and CEO of the disgraced blood-testing company Theranos, cannot remain free on bail while she appeals her fraud conviction. According to court documents filed Monday, Judge Edward Davila ruled that the portion of the conviction that Holmes is appealing is not likely to be

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