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Sonos Public Listing Comes As Investor Appetite for Tech IPOs Grows
The landscape for IPOs this year has evolved and "it seems like the investors right now are clamoring for anything tech-ish,” says Maureen Farrell, reporter at the Wall Street Journal. The smart speaker company filed for a $100 million...
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UK retail sales up 1.3 percent in May
UK retail sales figures rose by 1.3 percent in May and analysts are saying the positive trend is due to more than the optimism of Prince Harry's wedding to Meghan Markle. Experts say the rise is down to a wide range of positive data...
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Euro area unemployment rate lowest since 2008
Unemployment in the Euro area is at its lowest level since 2008 according to Eurostat. The rate fell to 8.5% in April from an upwardly revised 8.6% in March. Greece, Spain and Italy recorded the highest rates of unemployment while the...
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Climate Update: Warmest April on record in Europe
The global temperature for April was well above average, with some exceptions including the central USA and much of Canada. Substantial rainfalls have alleviated the drought situation in Southern Africa, saving Cape Town from running out...
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Tesla Shares Up After Earnings
The electric carmaker brought in more revenue than expected in the first quarter but posted a net loss of more than $780 million. Shares were up by less than one percent after the bell Wednesday.
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Tesla Forecasts Profit...With a Big 'If'
The electric carmaker brought in more revenue than expected in the first quarter but posted a net loss of over $780 million. It said it would reverse that by the second half of the year, if it's able to meet its production goals.
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The Biggest Trends for Computing Devices
Mark Simons, President of Toshiba Americas, says PCs, phones, and other products will only get thinner and lighter, with an emphasis on connectivity and battery life and wearables.
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Disabled veterans shortchanged by the government
133 disabled veterans have been shortchanged $600 a month by the government according to an investigation by Veteran Affairs Canada. The department became aware of what it says was a mistake after one veteran noticed something wasn't...
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Wild ride for marijuana investors
Vahan Ajamian, who rates cannabis stocks for Beacon Securities, on the ups and downs of sector
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Toronto homes
Jacqueline Hansen reports on the sharp drop in residential real estate transactions in Toronto
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Women's Tech Group ABI Cuts Ties With Uber
The Group ABI is no longer partnering with Uber. Find out why here on Cheddar.
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Frostbitten border-crosser will stay in Canada
Seidu Mohammed lost his fingers to frostbite when he walked across the border into Manitoba last December, and now the Immigration and Refugee Board has ruled he can stay in Canada as a refugee
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New car sales slump in Britain in April
There was an almost 20 percent slump in sales of new cars in Britain in April – the biggest year-on-year drop for over six years. That reflects record demand in March as people brought forward purchases to avoid a tax increase on the...
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State of the market
Cynthia Holmes of the Ted Rogers School of Business Management on mortgage changes and sales figures.
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Forestry industry absorbing hits
Michael Burt, director of industrial economic trends at the Conference Board of Canada, on the state of the logging industry
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French economy slows in Q2
France’s economy slowed for the first time in three years between April and June, with a dip in consumer spending being blamed. The adjustment comes in the third and final growth estimate by INSEE, the national statistics agency....
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UK economy was growing before Brexit vote, retail sales fall since vote
Newly released statistics show that before the Brexit vote the UK’s economy grew fairly robustly. But at the same time we learned British retailers suffered their sharpest fall in sales in four years after last month’s vote to leave the...
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German exports plunge in May
There was an unexpected fall in exports from Germany in May, another indicator of a slowing economy. The export decline of 1.8 percent compared to April, was the steepest in nine months. Year-on-year exports were up by 1.6 percent....
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Not hot to shop in the eurozone
Retail sales in the eurozone were unchanged in April from March. And compared with April last year growth slowed according to the European Union’s statistics office. See full report here Sales were up 1.4 percent year-on-year, not as...
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Japan consumer prices fall again in April
Further deflation fears in Japan as consumer prices fell for the second month running in April. The Japanese people are holding off on buying things which means firms are not raising their prices. The core consumer price index – which...
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Eurozone: inflation still negative and jobless rate unchanged
Deflation remains the trend in the eurozone. Consumer prices continue to slide. They were down for the second straight month in May according to the initial estimate from the EU’s statistics agency – falling by 0.1 percent compared with...
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US jobs gains hit seven month low in April
There was disappointing US jobs news in April as the world’s largest economy created the fewest number of new workers in seven months. In addition Americans dropped out of the workforce in droves. Payrolls increased by 160,000 thousand...
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China’s April exports & imports fall cooling recovery hopes
China’s trade data for April has quashed investors’ hopes re the recovery there, with both exports and imports falling more than expected. The world’s second-largest economy is suffering from weak demand at home and abroad. Exports fell...
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UK April inflation slips
Inflation in British slipped in April for the first time since September last year. Consumer prices rose 0.3 percent from April 2015, the Office for National Statistics said. Economists had expected inflation to remain at 0.5 percent....