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How 'Middle-class Joe' Biden was seduced by real estate

Discover every single home President Joe Biden has lived in and owned, from a 'hardscrabble' upbringing in an ordinary 'little house' in Pennsylvania to Wilmington mansions and the White House...


In and outside court, Smollett fights for reputation, career

CHICAGO (AP) — Outside the courtroom where former “Empire” actor Jussie Smollett is fighting charges accusing him of lying to Chicago police about being the victim of an anti-gay, racist attack, his publicist has introduced a roster of supporters to the assembled TV cameras. Renowned opera singer Lauren Michelle, who also appeared on “Empire," spoke of how one of her best friends from high school has maintained his humanity despite the attacks...


Stellantis wants to outfit cars with AI to drive up revenue

MILAN (AP) — Carmaker Stellantis announced a strategy Tuesday to embed AI-enabled software in 34 million vehicles across its 14 brands, hoping the tech upgrade will help it bring in 20 billion euros ($22.6 billion) in annual revenue by 2030. CEO Carlos Tavares heralded the move as part of a strategy that would transform the car company into a “sustainable mobility tech company,” with business growth coming from features and services tied to the...


Biden should pause interest on student-loans even after payments resume in February, 14 senators say

Growing student-loan interest is a "daunting challenge" for borrowers and should be waived while COVID-19 is still here, Democrats told Biden.


The rich and famous who lost lots of money to con artists

From extortion to Ponzi schemes, read on to find out some of the star names who could’ve lost it all.


Goldman Sachs CEO expects higher inflation

NEW YORK (Reuters) - Goldman Sachs Chief Executive David Solomon anticipates inflation will be higher for a period but doesn't expect a repeat of the cost rises seen in the 1970s, he said in an interview with CNBC. "There's a reasonable chance that we're going to have inflation above trend for a period of time but that doesn't mean it has to be l...


Study can't confirm lab results for many cancer experiments

Eight years ago, a team of researchers launched a project to carefully repeat early but influential lab experiments in cancer research. They recreated 50 experiments, the type of preliminary research with mice and test tubes that sets the stage for new cancer drugs. The results reported Tuesday: About half the scientific claims didn’t hold up. "The truth is we fool ourselves. Most of what we claim is novel or significant is no such thing,” said...


Alberta seniors warn others after CERB disrupts pension payments: ‘I can’t go on like this’

'People phoned in directly to ask if they were eligible and were told that they were to receive the benefits — and then later were penalized for it.'


U.S. warns 5G wireless use could prompt flight diversions

By David Shepardson WASHINGTON (Reuters) -The U.S. Federal Aviation Administration on Tuesday warned that interference from planned use of 5G wireless spectrum poses an air safety risk and could result in flight diversions. The aviation industry and the FAA have raised concerns about potential interference of 5G with sensitive aircraft electronics ...


Enbridge raising quarterly dividend, approves $1.1 billion in new capital projects

CALGARY — Enbridge Inc. has raised its quarterly dividend as it announced the approval of $1.1 billion in new capital projects. The Calgary-based pipeline company said in its investor day Tuesday it will now pay a quarterly dividend of 86 cents per share, up from 83.5 cents. It also reaffirmed its 2021 full-year guidance range for adjusted earnings of $13.9 billion to $14.3 billion. In a news release, chief executive Al Monaco said recent global...


4.8 million working parents have 'preventable' burnout—here are 5 things that can ease the stress

Burned out workers are more than twice as likely to quit their job, which could spell trouble for employers during the Great Resignation.


Grandma's time and money-saving Christmas tips

Save time and money with these top Grandma's Christmas tips handed down through the generations.


Road congestion returns, but work-from-home leaves downtowns empty

By Tina Bellon (Reuters) - Empty roads and cleaner air at the start of the pandemic have given way to a gradual return of traffic congestion in many global cities, but U.S. and UK downtown centers remain less busy as office workers continue to work from home, according to a study published on Tuesday. Trips to U.S. downtown areas were 22% below p...


CIBC to pay $125 million to settle class-action lawsuit on subprime mortgage risks

TORONTO — CIBC has agreed to pay $125 million to settle a class-action lawsuit that had accused the bank of misrepresenting its exposure to U.S. residential mortgage-backed securities ahead of the financial crisis. Investors launched the suit in 2008 alleging that the bank not only misled the market on the size of its exposure to the U.S. subprime market, but also to the volatility of the related investments. CIBC spokeswoman Nima Ranawana said...


German chip chemical supplier to spend $1 billion in U.S., pairs with Palantir on supply chain data

By Stephen Nellis (Reuters) - A German supplier of chemicals and materials used in making semiconductors said on Tuesday that it is investing $1 billion in its U.S. operations and forming a joint venture with data analytics firm Palantir Technologies to solve chip industry supply chain problems. Merck KGaA of Darmstadt, Germany - which uses the n...


European activists fight for right to repair electronics

COPENHAGEN, Denmark (AP) — At a table scattered with tools and wires, volunteer repairers sit across from the owners of an assortment of inoperable electronics. The volunteers at a free “repair cafe” in Copenhagen disassemble and diagnose gadgets while the customers watch, each doing their part for the environment - one broken blender, radio or laptop at a time. In Denmark, workshops where non-professionals with a bug for fixing things can share...


Instagram launches tool urging teens to take a break

LONDON (AP) — Instagram on Tuesday launched a feature that urges teenagers to take breaks from the photo-sharing platform and announced other tools aimed at protecting young users from harmful content on the Facebook-owned service. The previously announced “Take A Break" feature encourages teens to stop scrolling if they have been on the social media platform for a while, Instagram head Adam Mosseri said in a blog post. It rolled out to the...


Intel CEO aims to build chip plants with money raised from Mobileye IPO

By Nivedita Balu and Ben Klayman (Reuters) -Intel Corp will keep most of the money it raises next year when it sells a stake in its Mobileye self-driving-vehicle components unit in a planned initial public offering, targeting some of those funds to build more Intel chip plants, Chief Executive Pat Gelsinger said on Tuesday. Intel shares were up 4.1...


Ford partners with Salesforce to expand software business

By Joseph White DETROIT (Reuters) - Ford Motor Co said Tuesday it plans to launch a new subscription software service aimed at small businesses, in collaboration with enterprise software company Salesforce.com Inc. The software service, called VIIZR, will be offered starting next year by the automaker's Ford Pro commercial vehicle and services un...


Analysis-Canadian banks' outsized reliance on mortgages could slow margin recovery

By Nichola Saminather TORONTO (Reuters) - Canadian banks may struggle to see an immediate boost to their net interest margins next year even as interest rates tick up due to their outsized reliance on mortgages, particularly if growth in that more profitable business and credit card lending is hindered by supply bottlenecks and surging inflation....


Lacklustre trading thwarts London's tech IPO ambitions

By Abhinav Ramnarayan LONDON (Reuters) - London's bid to transform its stock market into a haven for fast-growing technology companies to compete with New York is facing obstacles as trading volumes slide and some big-ticket initial public offerings fall flat. Britain brought in new rules last week to make it more attractive for technology compan...


See the biggest gold nuggets ever found

Read the stories behind the biggest single gold finds of all time.


Chris Cuomo book cancelled by publisher HarperCollins after CNN host's firing

Harper Collins had planned to publish Chris Cuomo's book "Deep Denial" in 2022. Cuomo was fired by CNN over advising his brother, Andrew Cuomo.


Kenya's president signs law change to regulate digital lenders

NAIROBI (Reuters) - Kenya's President Uhuru Kenyatta approved a change in law that will allow the central bank to regulate digital lenders, his office said on Tuesday, a move that will give the bank power to rein in lenders who violate consumer privacy. Kenyatta's office said in a statement he had signed into law the Central Bank of Kenya (Amendm...


William Watson: Playing the inflation average

The Bank of Canada’s current inflation mandate is to keep the rate of increase of the Consumer Price Index (CPI) at the “two per cent midpoint of an inflation-control target range of between one and three per cent.” We can debate how much inflation “control” that actually provides. With two per cent inflation, what costs $1 now will cost $1.61 in 25 years, $2.64 in 50 years and $7.10 in 100 years. I know: those all sound very far away. Except...


Compass CFO Kristen Ankerbrandt explains how the fast-growing brokerage company can reap profits

After its IPO, Compass continues to acquire a series of companies that are complementary to Compass' core focus in brokerage.


As U.S. short-term rates rise, fund managers see some opportunities

By Karen Brettell (Reuters) - With the Federal Reserve likely to accelerate the removal of its unprecedented stimulus, some short-term rates have moved higher and offered money fund managers rare opportunities to generate yield. For example, three-month commercial paper rates that financial companies use to fund short-term cash flows, have jumped...


The world's biggest workforces, ranked

From the world's biggest fast food chain to India's sprawling state railway, the staggering sizes of the world's biggest workforces.


Furious customers blast Amazon as an outage knocks Ring doorbells, baby monitors, and Alexa products offline

"I'm unable to access any of my cameras...I'm literally relying on my cameras to keep me safe because I'm on bed rest," one user said in a tweet.


U.S. third-quarter labor costs revised sharply higher

WASHINGTON (Reuters) - U.S. unit labor costs surged more than initially thought in the third quarter, suggesting inflation could remain high for a while. The Labor Department said on Tuesday that unit labor costs, the price of labor per single unit of output, accelerated at a 9.6% annualized rate last quarter. That was revised up from the 8.3% pa...


Statistics Canada says the merchandise trade surplus in October grew to $2.1B

OTTAWA — Canada's merchandise trade surplus increased to $2.1 billion in October as exports of motor vehicles and parts and energy products rose higher, Statistics Canada said Tuesday. The result compared with a revised trade surplus of $1.4 billion for September compared with the initial reading of a $1.9-billion surplus. TD Bank economist Omar Abdelrahman called it "a solid report." "Fundamentals for trade remain on a solid footing, aided by a...


Israel's digital wallets to expand as Google Pay launches

By Steven Scheer JERUSALEM (Reuters) - Alphabet Inc's Google Pay launched in Israel on Tuesday, with Israel's major banks and credit card companies saying they had signed agreements with Google to offer the new payment service. The service will allow Android mobile phone users to pay for products in stores that allow contactless payments. Some 70...


ViacomCBS teams up with 'Parasite' distributor to make Paramount+ Asia debut

By Helen Coster (Reuters) -ViacomCBS Inc and Seoul-based CJ ENM, the distributor of Oscar winning movie "Parasite", have signed a content partnership agreement, the companies said on Tuesday, marking the Asia debut for the U.S. company's Paramount+ streaming service. The partnership will include co-productions for original series and films, content...


EU plan for anti-coercion trade measure faces scepticism

BRUSSELS (Reuters) - The European Commission will propose on Wednesday a new trade defence measure designed to combat non-European Union countries wielding undue pressure on any of the bloc's members, but the plan already faces scepticism in Brussels. If in force today, the new measure could for example be deployed in the form of trade or investm...


American Airlines names insider Isom as CEO, Parker to retire in March

(Reuters) -American Airlines Group Inc Chief Executive Officer Doug Parker will hand over reins of the No. 1 U.S. airline to president Robert Isom on March 31, the company said on Tuesday, sending its shares up 3% before the bell. Parker will continue as chairman, while Isom will join the carrier's board after he takes over as CEO. The leadership c...


Israel eyes 400 self-driving electric taxis, possibly on road by early 2022


Onex fund signs deal to buy education software firm Tes Global, terms not disclosed

TORONTO — Onex Corp. says its Onex Partners V fund has signed a deal to buy education software company Tes Global from Providence Equity Partners LLC. Financial terms of the deal were not disclosed. Toronto-based Onex Corp. says Tes has over 13 million teachers on its online platform and serves over 17,000 schools in 117 countries. Onex senior managing director Nigel Wright says Tes has a well-established brand and deep-rooted relationships with...


Opinion: Alberta's rosier fiscal update masks economic challenges

In the mid-year fiscal update released on Tuesday, Alberta Finance Minister Travis Toews touted a strong economic and fiscal recovery buoyed by the energy sector. While the province is indeed set to enjoy higher commodity prices — West Texas Intermediate (a common benchmark) is projected to average US$70 per barrel in 2021/22 — this positive short-term news should not mask the province’s ongoing challenges. Alberta’s finances remain in the red,...


No need now for ECB to boost legacy bond purchase scheme: Muller

By Balazs Koranyi FRANKFURT (Reuters) - Euro zone inflation could exceed the European Central Bank's forecast in the long term, so there is no reason now to boost a legacy bond purchase programme when an emergency scheme ends next March, ECB policymaker Madis Muller said. The ECB is debating life after the 1.85 trillion euro ($2.08 trillion) Pand...


Opinion: Time for the Bank of Canada to make a hard choice

I first heard the gibe that “central bankers think inflation is always and everywhere a monetary phenomenon – except this time, of course” more than 50 years ago, but it is still as good as new. Consider the Bank of Canada, now caught in a trap of its own making. Its mandate, pending an imminent renewal, requires it to maintain inflation in a range around two per cent, but its “forward guidance,” issued incessantly for the past year, has...


Apple's Tim Cook signed $275 billion deal to placate China - The Information


Rohingya sue Facebook for $150B, alleging role in violence

LONDON (AP) — Rohingya refugees sued Facebook parent Meta Platforms for more than $150 billion over what they say was the company's failure to stop hateful posts that incited violence against the Muslim ethnic group by Myanmar's military rulers and their supporters. Lawyers filed a class-action lawsuit Monday in California saying Facebook's arrival in Myanmar helped spread hate speech, misinformation and incitement to violence that “amounted to...


Discord begins testing premium subscriptions in creator economy push

By Sheila Dang (Reuters) - Chat platform Discord will launch a pilot test to let content creators sell subscriptions for access to their online communities, the company said on Tuesday, as it aims to keep up with the burgeoning creator economy. Social media personalities in worlds as varied as entertainment, fashion and cryptocurrencies are incre...


Constellation Brands plans new brewery in southeastern Mexico, report says

The exact location of the plant in southeastern Mexico has yet to be announced.


Stitch Fix shares crater as retailer cuts forecast, despite topping earnings estimates

Stitch Fix cut its revenue outlook for the fiscal year, saying that it faces ongoing supply chain pressures and is in a transition period for bringing on users.


The American worker is about to get their biggest raise since 2008

All the quits are paying off. Wages are set to rise 3.9% in 2022, a Conference Board survey says, and people switching jobs will see the most gains.


Investors push food & drink companies, govts over 'nutrition crisis'

By Simon Jessop LONDON (Reuters) - Investors managing $12.4 trillion in assets on Tuesday called for governments and companies to accelerate the shift to promoting healthier food and drink to help fix what they described as a "global nutrition crisis". Poor-quality diets are a leading cause of death and disease and carry individual, societal and ...


How to deal with shopping anxiety this holiday season

TORONTO — When November hit, Sabina Wex started feeling anxious about buying gifts for the impending holiday season. “With rising inflation, things just seem so much more expensive than they were before,” said the 26-year-old owner of Sabina Wex Consulting, a public relations agency, in Toronto. Since Wex’s budget has expanded this past year to accommodate the rising costs of groceries, clothes and more, she’s found it harder to prepare for...


Miley Cyrus' homes from her Tennessee ranch to a monster LA house flip

Miley Cyrus has come a long way from her country childhood home in Tennessee. With an impressive career spanning 15 years as a successful actress and pop star, it's no surprise the young star has built up a sizeable property portfolio over the years. Let's retrace Miley's road to fame and step inside the amazing houses she has picked up along the way...


S&P/TSX composite has best back-to-back days since February on easing COVID fears

TORONTO — Canada's main stock index has its strongest two-day performance in more than 10 months on easing fears about the latest COVID-19 variant that helped push the price of oil above US$70 a barrel. The S&P/TSX composite index closed up 301.55 points to 21,162.65 after gaining nearly 228 points on Monday. In New York, the Dow Jones industrial average was up 492.40 points at 35,719.43. The S&P 500 index was up 95.08 points at 4,686.75, while...