Business news

• WestJet cancellations continue after mechanics' strike ends, frustrating and confusing travellers

  01-07-2024 23:44 via cbc.ca
  
  Although the surprise WestJet mechanics' strike has ended, passengers still face cancellations and confusion this long Canada Day holiday weekend and the Calgary-based airline said the fallout will continue in the coming days.
  
  Read more

• Stocks could fall 30% as US heads for a deep recession, analyst warns

  01-07-2024 18:32 via foxbusiness.com
  
  There may be trouble looming on the horizon for the U.S. stock market, according to BCA Research.In a note to clients last week, BCA Research chief global strategist Peter Berezin warned that, contrary to popular belief, the economy will fall into a recession either this year or in early 2025. Should that happen, the S&P 500 could tumble to 3,750, which marks a 30% drop from current levels.Berezin's prediction hinges on the belief that the labor market will slow notably in coming months
  
  Read more

• Fast-food value deal battle expands as Sonic rolls out a $1.99 menu

  01-07-2024 17:52 via foxbusiness.com
  
  The fast-food wars gained a new participant on Monday as Sonic Drive-In rolled out a value menu consisting of entrées, snacks and desserts.Sonic said on Monday each of the food items on its "Fun.99 Menu" will carry $1.99 price tags not including tax.Customers can order things like a quarter-pound double cheeseburger, Chili Cheese Coney hot dog, small tater tots and 16-ounce shakes from the new value menu, the fast-food chain said in a news release.The "Fun.99 Menu" also offers Bacon Ranch
  
  Read more

• ‘Roaring Kitty’ takes Chewy stake

  01-07-2024 17:43 via foxbusiness.com
  
  Chewy shares were volatile on Monday after famed meme stock trader "Roaring Kitty," also known as Keith Gill, bought a 6.6% stake in the company.  Gill bought just over 9 million shares of the online pet retail site founded by GameStop CEO Ryan Cohen, according to a filing with the U.S. Securities and Exchange Commission. The stake is valued at over $230 million. Cohen sold Chewy to the owners of PetSmart in 2017 for $3.35 billion. At the time, Cohen touted that it was the largest e-co
  
  Read more

• Advertisement

• Pump prices jump by five cents as the Fourth of July approaches

  01-07-2024 17:28 via foxbusiness.com
  
  As the July 4th holiday approaches, gas prices jumped last week to $3.50, AAA reported in its weekly gas prices report. This is five cents higher than the week before, but nine cents less than last month and six cents less than a year ago.Although demand ticked down last week from 9.38 million barrels per day to 8.96, the upcoming holiday is poised to drive demand up significantly. Oil prices also rose past $80 per barrel, a significant contributor to the price of gas around the country."Summer
  
  Read more

• Looking to buy a house? These 3 'cold' markets could offer a bargain

  01-07-2024 12:00 via foxbusiness.com
  
  An affordability crisis has forced many would-be homebuyers out of the U.S. housing market, as steep mortgage rates and limited supply continue to push prices higher.But buyers may find relief in certain parts of the country, where growing inventory has led to a drop in prices, according to a new report published by Realtor.com.Known as "cold" housing markets, these are places where houses may be listed for more than a year – leading to a substantial drop in list prices amid lethargic cons
  
  Read more

• How some young Canadians are saving money by embracing the digital nomad lifestyle

  01-07-2024 10:00 via cbc.ca
  
  Faced with the high cost of living at home, some travellers are turning to digital nomadism to save money — and countries from Portugal to Japan to Barbados have made this arrangement easier by introducing digital nomad visas intended for hybrid work and travel.
  
  Read more

Follow @Business_Newsl on Twitter!