Business

Richard Paquet is owner of The Knotty Pretzel, which operated at the Downtown Farmers’ and Artisans’ Market on Queen Street. - Contributed

Food vendors no longer allowed at downtown Charlottetown market say they are disappointed

For Sandra Sunil and her family at 4S Catering, the news was a surprise. They are one of eight food vendors at the Downtown Farmers’ and Artisans' Market in Charlottetown that will not be able to operate at the market this year. The vendors all ...

Updated a day ago |5 min read

Former P.E.I. environment minister raises risks of saltwater getting into drinking water

Updated 23 hours ago |4 min read

Brad Trivers, a former Minister of Environment, raised the issue of saltwater intrusion on the province’s groundwater from coastal areas due to erosion. – Stu Neatby

Prices at the Pumps: An up and down week at the pumps

Updated a day ago |1 min read

MONEY LADY PODCAST: How to author a wealthier life

Updated 14 hours ago |1 min read

Cultural care: New long-term care facility opens in Eskasoni

Updated a day ago |8 min read

SYLVAIN CHARLEBOIS: The Trudeau paradox of more spending and more hunger

Updated 11 hours ago |4 min read

American Express beats profit estimates on strong spending by wealthy customers

Reuters |Updated 1 minutes ago |1 min read

(Reuters) - American Express's first-quarter profit vaulted past Wall Street estimates on Friday, driven by an affluent customer base that increased spending as recession fears ebbed. The credit card giant has been immune to changes in spending ...

P&G raises annual core profit forecast on resilient demand, price hikes

Reuters |Updated 1 minutes ago |1 min read

(Reuters) - Procter & Gamble raised its annual core profit forecast on Friday on price increases and resilient demand for its cleaning and household products in the United States and Europe. Even as P&G raised prices of its products over ...

French Minister for Economy, Finance, Industry and Digital Security Bruno Le Maire arrives for a visit at the Renault Sandouville car factory, near Le Havre, France, March 29, 2024.

France orders retailers to display shrinkflation

Reuters |Updated 24 minutes ago |1 min read

PARIS (Reuters) - French retailers will have to notify shoppers when products have been reduced in size without a corresponding cut in prices in an effort to tackle so-called shrinkflation, the finance ministry said on Friday. Shrinkflation has ...

India's Wipro beats Q4 revenue estimates

Sai Ishwarbharath B |Updated 2 minutes ago |1 min read

By Sai Ishwarbharath B (Reuters) - Wipro, India's fourth-largest software company, posted a bigger-than-expected fourth-quarter revenue on Friday, aided by firmer profit margins and a recovery in its consulting business. The company's ...

China's Ant Group in talks to launch Alipay+ in Indonesia, says executive

Reuters |Updated 1 hour ago |1 min read

JAKARTA (Reuters) - China's Ant Group is in talks with Indonesia to bring its popular cross-border payment service Alipay+ there, the chief of its international business was quoted by media as saying on Friday after meeting with the country's ...

A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City, New York, U.S., July 19, 2021.

'Crowded' megacap trade in US stocks awaits earnings test

Lewis Krauskopf |Updated 1 hour ago |3 min read

By Lewis Krauskopf NEW YORK (Reuters) - Next week’s earnings reports from some of the market’s biggest technology and growth companies could prove an important test for the U.S. stock rally, which has flagged as expectations for interest cuts ...

The Japanese national flag waves at the Bank of Japan building in Tokyo, Japan March 18, 2024.

BOJ will raise rates again this year, say two-thirds of economists" Reuters Poll

Satoshi Sugiyama |Updated 3 minutes ago |3 min read

By Satoshi Sugiyama TOKYO (Reuters) - The Bank of Japan will raise interest rates again in 2024, according to two-thirds of economists polled by Reuters, but there was no clear consensus on when exactly the move would come. Last month the central ...

A view of the Volkswagen plant where workers are voting on whether to join the United Auto Workers union (UAW), in Chattanooga, Tennessee, U.S., April 18, 2024

UAW hopeful of watershed union victory at Volkswagen Tennessee factory

Nora Eckert |Updated 1 hour ago |3 min read

By Nora Eckert CHATTANOOGA, Tennessee (Reuters) - The United Auto Workers is counting on scoring a seismic victory at Volkswagen's Tennessee plant as unionization votes are tallied on Friday - one that opens up the anti-union U.S. South to ...

People walk around the Financial District near the New York Stock Exchange (NYSE) in New York, U.S., December 29, 2023.

Morning Bid: Markets unsettled by Israel-Iran tit-for-tat

Reuters |Updated 1 hour ago |4 min read

A look at the day ahead in U.S. and global markets from Mike Dolan It was hardly unexpected, but Israel's missile strike on Iran on Friday confirms fears of a dangerous series of tit-for-tat retaliation ahead between the Middle East powers that is ...

General Motors chair and chief executive officer Mary Barra participates in an Economic Club of Washington discussion on "the transformation of the automotive industry to an all-electric future, the path to autonomous vehicles, and the recent negotiations with GM's workforce" in Washington, U.S., December 13, 2023.

GM and Ford count on gas-powered trucks as EV growth slows

Joseph White |Updated 1 hour ago |3 min read

By Joseph White DETROIT (Reuters) - U.S. automakers General Motors and Ford face a challenge in common when they report first-quarter results next week: Explaining to investors where profit growth will come from in the months ahead as EV growth ...