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CEO pay rose nearly 10% in 2024 as stock prices and profits soared

CEO pay rose nearly 10% in 2024 as stock prices and profits soared

NEW YORK (AP) — The typical compensation package for chief executives who run companies in the S&P 500 jumped nearly 10% in 2024 as the stock market enjoyed another banner year and corporate profits rose sharply.
Victoria's Secret US website is down as lingerie seller addresses 'security incident'

Victoria's Secret US website is down as lingerie seller addresses 'security incident'

NEW YORK (AP) — Victoria's Secret has taken down its U.S. website and says some in-store services will be unavailable as it addresses an unspecified “security incident.
Vanguard, UofT launch AI partnership that will create several research labs

Vanguard, UofT launch AI partnership that will create several research labs

TORONTO — U.S. investment advisor Vanguard and the University of Toronto are teaming up to create several labs dedicated to artificial intelligence.
Are solar panels worth the investment? Yes — usually — but it depends where you live

Are solar panels worth the investment? Yes — usually — but it depends where you live

MONTREAL — When she looked into installing solar panels on her roof, Heather McDiarmid came across an unexpected hitch.
More Americans file for jobless aid but layoffs remain low despite economic uncertainty over tariffs

More Americans file for jobless aid but layoffs remain low despite economic uncertainty over tariffs

WASHINGTON (AP) — Filings for U.S. jobless aid jumped last week but American workers broadly remain secure in their jobs despite economic uncertainty over global trade.
BMO reports rise in profit even as companies remain hesitant on borrowing

BMO reports rise in profit even as companies remain hesitant on borrowing

TORONTO — BMO Financial Group's second-quarter profit rose from a year ago even as its Canadian banking and capital markets divisions saw income drop from tariff-related uncertainty. The bank on Wednesday reported a net income of $1.
Hit by Trump trade wars, U.S. economy falls 0.2% in first quarter, an upgrade from initial estimate

Hit by Trump trade wars, U.S. economy falls 0.2% in first quarter, an upgrade from initial estimate

WASHINGTON (AP) — The U.S. economy shrank at a 0.
Bill fast-tracking infrastructure projects passes as Speaker Raj Chouhan breaks tie

Bill fast-tracking infrastructure projects passes as Speaker Raj Chouhan breaks tie

VICTORIA — A controversial bill in British Columbia responding to American tariffs has passed with Speaker Raj Chouhan casting the deciding vote Wednesday evening.
Elon Musk is leaving the Trump administration after leading effort to slash federal government

Elon Musk is leaving the Trump administration after leading effort to slash federal government

WASHINGTON (AP) — Elon Musk is leaving his government role as a top adviser to President Donald Trump after spearheading efforts to reduce and overhaul the federal bureaucracy.
Federal court blocks Trump from imposing sweeping tariffs under emergency powers law

Federal court blocks Trump from imposing sweeping tariffs under emergency powers law

WASHINGTON (AP) — A federal court on Wednesday blocked President Donald Trump from imposing sweeping tariffs on imports under an emergency-powers law , swiftly throwing into doubt Trump’s signature set of economic policies that have rattled global fi
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