Millennium Management, one of the world’s largest hedge fund firms, was sued on Friday by rival Jane Street Group, which accused it of stealing a valuable in-house trading strategy after two traders defected. Jane Street said the traders Douglas Schadewald and Daniel Spottiswood had been “intimately” involved in developing the strategy before resigning separately to … Read more
Buying a house has been a big part of the American Dream. However, multi-millionaire author Ramit Sethi says the numbers indicate otherwise. The host of Netflix’s “How To Get Rich” believes you can sell a house at a profit but still lose money to “phantom costs.” As the New York Times bestselling author of “I … Read more
Indigo Books & Music Inc. has agreed to be taken private after agreeing to a sweetened offer from a holding company connected to its largest shareholder. The retailer says its agreement will see Trilogy Retail Holdings Inc. and Trilogy Investments L.P. pay $2.50 per share in cash for the stake in Indigo they do not … Read more
Lightspeed Commerce is cutting about 280 jobs, less than two months after its founder returned to the helm of the Montreal-based technology company. After integrating the company’s many acquisitions, “Lightspeed is now entering a new phase, one focused on profitable growth to capture the opportunity in front of us,” said founder and chief executive Dax Dasilva. … Read more
Several Quebec Tim Hortons franchisees are taking the brand’s owner to court, blaming what they describe as unreasonable constraints in the company’s licensing agreements for lower-than-expected profits. In a lawsuit filed in Quebec Superior Court on Thursday, 16 companies with Tim Hortons franchise licences allege the TDL Group Corp.’s contracts “place it in a position … Read more
A new poll suggests 51 per cent of Canadians support banning the social media app TikTok, after a U.S. bill aiming to do just that passed in the House of Representatives. Canada has ordered its own national security review of TikTok, something the Liberal government revealed following passage of the U.S. bill earlier this month. … Read more
A senior Bank of Canada official says the need to improve productivity has reached an emergency level as the economy faces a future where inflation may be more of a threat than in the past few decades. In a speech, senior deputy governor Carolyn Rogers says an economy with low productivity can only grow so … Read more
Passive income is one of the best ways to boost your earnings during this upcoming crypto bull market, allowing you to enhance your portfolio while doing minimal work in the process. The crypto market presents many unique ways to earn a passive income. Whether through revenue sharing, passive staking, airdrops, liquidity provision, or fees earned, … Read more
The Biden administration on Wednesday slashed its target for U.S. electric vehicle adoption from 67 per cent by 2032 to as little as 35 per cent after industry and autoworker backlash in the political battleground state of Michigan. The Environmental Protection Agency (EPA) instead adopted a “technology neutral” regulatory scheme that allows automakers far more freedom … Read more
A conservative investment fund group is pulling its holdings of Tyson Foods over the meat and poultry giant’s hiring of migrant and refugee workers — claiming the employment practice will repel customers. The American Conservative Values ETF, an exchange-traded fund managed by Ridgeline Research LLC, divested from the company and slapped a “refuse to buy” … Read more
