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Fifth person dies after suspected methanol poisining in Laos

21Nov

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World News

Fifth person dies after suspected methanol poisining in Laos

Australian teenager Bianca Jones died in hospital in Thailand. Photo: Facebook A New Zealander who is unwell may be a victim of methanol poisoning in Laos, the Ministry of Foreign Affairs and Trade says. MFAT confirmed it has been contacted and was providing consular assistance. No further details would be provided for privacy reasons. Lawyer Simone White has become the fifth person to die after drinking tainted alcohol in Laos, British media are reporting. Melbourne teenager Bianca Jones died in hospital in Thailand after consuming drinks suspected to have been tainted by methanol at a bar in Vang Vieng in Laos. Read more: A second Australian teen, Holly Bowles, remained in another Thai hospital. An American and two Danish tourists also died in the suspected mass poisoning, which left...

Trudeau floats ‘other options’ if Mexico won’t address China trade concerns – National

21Nov

By Aditi PawarNo Comments

Politics

Trudeau floats ‘other options’ if Mexico won’t address China trade concerns – National

Prime Minister Justin Trudeau said Thursday he would prefer Mexico remain a North American free trade partner but “we may have to look at other options” if the country doesn’t address concerns about Chinese manufacturers working to wedge into the market. Trudeau said he raised the “real and genuine concerns about Chinese investment into Mexico” directly with Mexican President Claudia Sheinbaum in a meeting on the sidelines of the G20 leaders’ summit in Brazil on Monday. Those concerns have led some Canadian premiers to call for Canada to strike its own bilateral deal with the U.S. under incoming president-elect Donald Trump, cutting Mexico out of the Canada-United States-Mexico Agreement (CUSMA).The prime minister said his first priority will be to stand up for Canadian workers and the Can...

Charts point to possible market selloff around corner

21Nov

By Aditi PawarNo Comments

Business

Charts point to possible market selloff around corner

While the S & P 500 and Nasdaq 100 have both pushed to new all-time highs in November, market breadth indicators have mostly not confirmed those recent highs. While the trends for the major equity averages remain undeniably positive, the lack of breadth support suggests a painful reversal may be just around the corner. This chart shows the S & P 500 on a closing basis along with three common measures of market breadth: the cumulative advance-decline line, the percent of stocks above their 50-day moving average, and the Bullish Percent Index. Note how all three of the breadth indicators shown have actually made lower highs in November, despite the S & P 500's move above the 6,000 level. Market breadth indicators like these are equal-weighted, meaning they simply count the number...

Matt Gaetz withdraws his attorney general nomination

21Nov

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World News

Matt Gaetz withdraws his attorney general nomination

By Eric Bradner, CNN Matt Gaetz. Photo: DREW ANGERER / AFP Former Florida representative Matt Gaetz posted on X that he is withdrawing his nomination for attorney general. Gaetz's withdrawal comes after meetings with Republican senators this week, as Trump's transition team sought to gauge whether he would win enough GOP support to be confirmed. "I had excellent meetings with Senators yesterday. I appreciate their thoughtful feedback - and the incredible support of so many. While the momentum was strong, it is clear that my confirmation was unfairly becoming a distraction to the critical work of the Trump/Vance Transition," Gaetz wrote. "There is no time to waste on a needlessly protracted Washington scuffle, thus I'll be withdrawing my name from consideration to serve as Attorney Ge...

Matt Gaetz withdraws from consideration as Trump’s attorney general – National

21Nov

By Aditi PawarNo Comments

Politics

Matt Gaetz withdraws from consideration as Trump’s attorney general – National

By Staff The Associated Press Posted November 21, 2024 12:45 pm 1 min read Descrease article font size Increase article font size Matt Gaetz withdrew Thursday as President-elect Donald Trump’s pick for attorney general following continued scrutiny over a federal sex trafficking investigation that cast doubt on the former congressman’s ability to be confirmed as the nation’s chief federal law enforcement officer. The Florida Republican’s announcement came one day after meeting with senators in an effort to win their support for his confirmation to lead the Justice Department. ...

21Nov

By Aditi PawarNo Comments

Business

SNOW, NVDA, BJ and more

Check out the companies making headlines before the bell. Snowflake – Shares surged more than 21% following the company's better-than-expected third-quarter results and strong guidance. Snowflake posted adjusted earnings of 20 cents per share on revenue of $942 million. Analysts surveyed by LSEG were looking for 15 cents in earnings per share on revenue of $897 million. Palo Alto Networks – The cybersecurity stock fell 2% after the company issued fiscal second-quarter guidance largely in-line with expectations. Palo Alto Networks guided for adjusted earnings of $1.54 to $1.56 per share on revenue of $2.22 billion to $2.25 billion. That was roughly in line with the Street's forecast of $1.55 per share in earnings and $2.23 billion in revenue, per FactSet. Palo Alto also announced a 2-for-1 ...

Here’s why Dollar Tree and Dollar General stocks have plummeted

21Nov

By Aditi PawarNo Comments

Business

Here’s why Dollar Tree and Dollar General stocks have plummeted

Dollar stores are facing challenges in the modern U.S. economy.Dollar stores companies were some best performing stocks in the S&P 500 during the Great Recession, said Piper Sandler managing director Peter Keith. But over the past couple of years, dollar stores have not seen the same success.Shares of Dollar Tree — which owns its namesake brand and Family Dollar — and Dollar General have both fallen roughly 50% this year.The companies are dealing with a complex mix of both economic and self-inflicted problems. Lower income Americans, who comprise about 60% of Dollar General sales, are under more pressure to stretch their dollars in the face of high inflation. These shoppers are therefore looking for more consumables — like foods and household items – rather than discretionary items, wh...

Ottawa looking to give GST relief on some items before Christmas – National

21Nov

By Aditi PawarNo Comments

Politics

Ottawa looking to give GST relief on some items before Christmas – National

The federal Liberals are seeking to temporarily take the federal sales tax off a slew of items just in time for Christmas. A senior government official who was not authorized to speak publicly about the announcement says the move would affect a number of items including toys, diapers, restaurant meals and beer and wine.A last-minute cabinet meeting is underway virtually this morning to discuss the proposal, and Prime Minister Justin Trudeau and Finance Minister Chrystia Freeland are set to announce the details later this morning in Toronto.The promise will be a key part of the government’s fall economic statement and if the Liberals can get the support of at least one other party in time, it will last from Dec. 15 until Feb. 15.The move comes as an inflation-driven affordability crunch has...

International Criminal Court issues arrest warrants for Netanyahu and Hamas officials

21Nov

By Aditi PawarNo Comments

Business

International Criminal Court issues arrest warrants for Netanyahu and Hamas officials

The International Criminal Court issued arrest warrants on Thursday for Israeli Prime Minister Benjamin Netanyahu, his former defense minister and Hamas officials, accusing them of war crimes and crimes against humanity over the war in Gaza and the October 2023 attacks that triggered Israel's offensive in the Palestinian territory.The decision turns Netanyahu and the others into internationally wanted suspects and is likely to further isolate them and complicate efforts to negotiate a cease-fire to end the 13-month conflict. But its practical implications could be limited since Israel and its major ally, the United States, are not members of the court and several of the Hamas officials have been subsequently killed in the conflict.Netanyahu and other Israeli leaders have condemned ICC Chie...

As Canada Post strike continues, 85K passports are stuck in the mail – National

21Nov

By Aditi PawarNo Comments

Politics

As Canada Post strike continues, 85K passports are stuck in the mail – National

Tens of thousands of passports are stuck waiting to be mailed as a nationwide Canada Post strike continues. Employment and Social Development Canada told Global News that as of Tuesday, approximately 85,000 passports that were printed and ready to be mailed are being held by Service Canada.“In anticipation of a potential labour disruption, Service Canada put a temporary hold on mailing out passport packages after November 8, 2024,” Maja Stefanovska, an ESDC spokesperson, said.“By holding residential mail several days in advance of a work stoppage, Service Canada has reduced the risk of having any passports held in Canada Post distribution centres.”Passports will be mailed out once the strike ends and regular mail service resumes.More than 55,000 Canada Post workers went on strike Friday, h...