Most Americans can’t afford to buy the homes listed for sale in the U.S., real estate brokerage Redfin said in a report Thursday. An analysis of listings in 97 of the country’s most populous metropolitan areas found that only 15.5% of homes for sale in 2023 were affordable for the typical U.S. household. That’s a … [Read more…]
Pharmacy chain Rite Aid used facial recognition technology to falsely and disproportionately identify people of color and women as likely shoplifters, the Federal Trade Commission said Tuesday, describing a system that embarrassed customers and raised new concerns about the biases embedded in such technologies let . Under the terms of a settlement, Rite Aid will … [Read more…]
It was the last thing Carnival Sunshine passengers expected as they returned to the port of Charleston on Monday afternoon. Passengers had just endured a rocky cruise to the Bahamas, only to arrive in a flooded parking lot and wreck their cars. Severe weather struck the east coast over the weekend, causing gale-force winds, heavy … [Read more…]
Gene J. Puskar/AP This is part of US Steel’s Edgar Thomson plant in Braddock, Pennsylvania, on Monday. CNN – The possible takeover of US Steel by a Japanese steel competitor could face resistance from the US government, according to comments from US Commerce Secretary Gina Raimondo. “President Biden is very focused on ensuring that we … [Read more…]
A customer enters a Nike store in the Magnificent Mile shopping district in Chicago, Illinois, on December 21, 2022. Scott Olson | Getty Images Nike plans to simplify its product assortment, increase automation and use of technology, streamline its overall organization and use its scale “to increase efficiency,” the company said in a press release … [Read more…]
These services allow you to amortize larger purchases over a longer period of time. Many companies divide your total purchase into four installments, due every two weeks. “This appeals to people who may not have a credit card, or even those who do. Maybe you have credit card debt with 20 or 25% interest and … [Read more…]
After appointing a friend, Guy LeBlanc, to head Investissement Québec (IQ), Minister Pierre Fitzgibbon chose the state-owned company’s No. 2, Bicha Ngo, to take over the reins. • Also read: Future manager of the battery sector: The Legault government is looking for a new head of Investissement Québec • Also read: Three bosses earn more … [Read more…]
The Japanese automaker is issuing a safety recall for certain Toyota and Lexus vehicles manufactured between 2020 and 2022. • Also read: Do not sit in the passenger seat of this vehicle, warns Toyota In Canada, 99,965 vehicles are affected by the recall. A manufacturing defect may have affected the Occupant Classification System (OCS) in … [Read more…]
As food prices continue to break records, the year has been particularly profitable for Metro management. The company’s top five executives shared $15.5 million in 2023, a compensation increase of more than 20% from the previous year. • Also read: Food spending: Canadians ready to make sacrifices in 2024 • Also read: The inflation rate … [Read more…]
Regardless of our income, we all have the concrete impression that we have become poorer in recent years due to runaway inflation. I remind you that inflation in Quebec increased by 3.8% in 2021, 6.7% in 2022 and about 4.0% in 2023. Warning: As Captain Bonhomme said, skeptics will be confused. But have Quebec households … [Read more…]