Remember the Rogers outage of 2022? Here's why 12 million Canadians were disconnected for so long - Business news - NewsLocker (2024)

The 2022 Rogers outage that left 12 million people without wireless and hard-wired services was caused by human error and made worse by management and system "deficiencies," according to an independent review conducted for Canada's telecommunications regulator.

Use any tools offered to monitor credit following Ticketmaster data breach, says expert

Consumers who have fallen victim to corporate data breaches should stay vigilant about monitoring their personal accounts and financial information, but may not need to completely cancel or close affected accounts, according to a lawyer and data breach expert practising in Canada.

Trade your zucchini loaf for my jar of tomatoes? Why some Canadians are turning to bartering again

Although bartering's roots reach back to ancient times, long before cash and cryptocurrencies, some Canadians are returning to the practice, especially as they grapple with an affordability crisis.

0% financing on a new car? Deals are back — on some models

Over the last few years, car deals disappeared. But industry experts say shopping for a new or used vehicle is becoming more of a buyers market.

Advertisem*nt

WestJet and mechanics' union ratify contract in aftermath of strike

WestJet Airlines says the tentative contract between the company and its mechanics has been ratified.

Billionaire Richard Branson calls on Biden to drop out of 2024 race

Virgin Group founder Sir Richard Branson has joined the growing list of business leaders calling for President Biden to step aside and let another Democrat run as the party's nominee in 2024.In a blog post on Friday, the billionaire entrepreneur heaped praise on Biden for his accomplishments while in the White House, but said, "Now is the time that he should consider what’s at stake and step back from another run.""Standing down now wouldn’t have to mean the end of a lifetime in publ

Balenciaga selling 'used' festival-inspired bracelet for $4K: 'So insane'

Balenciaga is once again making waves in the fashion world, this time with a simple accessory that comes with a hefty price tag.The "Raver Bracelet" may look like a typical festival friendship bracelet, but according to the description, the "manufacturing process requires a full day's work for each piece."In colors of pink, blue, and black, the new wristband costs nearly $5,000.The luxury brand has also released the "Raver Used Bracelet" which is described as the "distressed version" requiring "

The data of nearly all customers of the telecommunications giant AT&T was downloaded to a third-party platform in a security breach, the company said Friday, as cyberattacks against businesses, schools and health systems continue to spread globally.

Advertisem*nt

Consumers find mild relief as June inflation dips by 0.1%

After not budging in May, the Consumer Price Index (CPI) slowed 0.1% in June on a seasonally adjusted basis, the Bureau of Labor Statistics recently reported.Over the last 12 months, the index for all items rose 3%, a slowdown from the 3.3% rise in May. Food prices largely drove the increase, as well as continuously high housing costs and car insurance prices.The index for food increased 0.2% in June while the motor vehicle insurance index rose by 0.9%, eliminating gains made in May when the ind

Trump economic adviser pushes back on Biden's news conference claims

President Biden touted his economic policies over those of former President Trump during his press conference Thursday night, but one of Trump's economic advisers is fact-checking some of the presumptive Democratic nominee's claims.Stephen Moore, an economist at The Heritage Foundation and a Trump economic adviser, offered his responses to Biden's remarks in an interview with FOX Business."Just this morning, we had a great economic report showing inflation is down," Biden said Thursday, the same

In Texas, Hyundai ramps up safety clinics to combat auto theft

Hyundai is organizing additional software clinics to help car owners still at risk of theft after a TikTok trend that proliferated over the internet three years ago revealed how easy it was to hot wire certain cars.The company's 29th event, in which the company updates the software in an owner's car, kicked off in Grand Prairie, Texas, on Friday and will last through the weekend.Hyundai Vice President Dave VandeLinde told FOX Business that they have already equipped 1.6 million customers w

Paris Olympics a drag on revenues for Air France, Delta; will cost millions

The Paris Olympics are causing a drag on revenues for two airlines.Air France-KLM Group and Delta Air Lines both said their unit revenues were seeing a negative impact from lower demand for Paris from June to August thanks to the Olympics.Their comments came as the Summer Games are rapidly approaching. Paris, the city hosting the festivities this time, will hold the Opening Ceremony on July 26.For Air France-KLM Group, the French company said on July 1 that its Air France and Transavia brands we

Real estate expert explains why a new migration trend could be coming

One Florida-based realtor is signaling that Americans may soon see their neighbors packing up for a fresh start in a more affordable housing market."Here's an unpopular opinion that most people aren't going to be that happy with, but I think it's going to become more popular, [it's] relocation," Orlando agent and popular TikTok creator Freddie Smith said Friday on "Varney & Co.""We don't want to leave our jobs and our family and where we grew up, but there are places around the country that

Ben Affleck, Jennifer Lopez selling Beverly Hills home for $68M amid divorce rumors

Ben Affleck and Jennifer Lopez have officially listed their family home amid ongoing split rumors.Just days after spending the 4th of July holiday apart, the couple put their six-acre Beverly Hills estate on the market for a whopping $68 million.According to its listing, the home was "renovated with the highest level of quality" within the last four months. The 12-bedroom, 24-bathroom mansion has a wide array of luxury features including a sports lounge, gym, boxing ring, pickleball

Home prices hit another high, mortgage rates fall slightly: Freddie Mac

Mortgage rates continued their wave-like fluctuations, dropping slightly from last week when rates averaged closer to 7%. A 30-year, fixed-rate mortgage averaged interest rates of 6.89% as of July 11, Freddie Mac reported.Rates currently average lower than they did at this time last year when they hovered around 6.96% for 30-year mortgages."Following June’s jobs report, which showed a cooling labor market, the 10-year Treasury yield decreased this week and mortgage rates followed suit," Fr

Fewer home sales and lower average housing prices in Canada compared to last year

The Canadian Real Estate Association says while sales were up in June 2024 compared to the month before, they are lower than the same time last year, with a slower market leading to a scaled back forecast for the rest of the year.

Canada's housing market up compared to last month but down compared to last year

The Canadian Real Estate Association says while sales were up in June 2024 compared to the month before, they are lower than the same time last year, with a slower market leading to a scaled back forecast for the rest of the year.

Today's mortgage rates plummet for 15- and 30-year terms | July 12, 2024

The interest rate on a 30-year fixed-rate mortgage is 6.625% as of July 12, which is 0.250 percentage points lower than yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 5.875%, which is 0.115 percentage points lower than yesterday.With mortgage rates changing daily, it’s a good idea to check today’s rate before applying for a loan. It’s also important to compare different lenders’ current interest rates, terms and fees to ensure you get

AT&T said in a regulatory filing Friday that a hacker was able to steal the records of calls and texts for "nearly all" of its customers.The company launched an investigation after finding out on April 19 that a hacker "claimed to have unlawfully accessed and copied AT&T call logs," the company said in a filing with the U.S. Securities and Exchange Commission (SEC).The hacker illegally gained access to a AT&T workspace on a third-party cloud platform and exfiltrated files

USPS increasing stamp prices for second time in 2024, by record-equaling amount

The U.S. Postal Service (USPS) will raise the price of its postage stamps again on Sunday, the second price hike in 2024, with the increase tying the record for the biggest hike ever.From Sunday, a first-class mail Forever Stampwill cost 73 cents each — a 5 cent, or 7%, rise from its current price of 68 cents. The only other 5 cent increase occurred in January 2019, when first-class stamps increased from 50 to 55 cents.In January 2023, the price of stamps was 63 cents each. That incr

California fast-food franchise owners downsize to survive as new minimum wage weighs them down

California's new $20 minimum wage for fast food workers has come at a burdensome cost for franchise owners.Not only have many been forced to make some tough decisions – slashing hours and cutting out jobs, but now, in some instances, they're even filling in for others to keep things running."I schedule one less person, and then I come in for that time that I didn’t schedule and I work that hour," Lawrence Cheng, a franchisee who operates several Wendy's locations in Southern Californ

'Malicious actors' could use X's blue checks to deceive users, EU says

The European Union said Friday that blue checkmarks from Elon Musk's X are deceptive and that the online platform falls short on transparency and accountability requirements, the first charges against a tech company since the bloc's new social media regulations took effect.

Nearly 2M US vehicles at risk of counterfeit airbags, Carfax says

Tens of thousands of vehicles in the U.S. are at risk of getting a counterfeit air bag, according to a recent report from Carfax.According to the auto company's data, nearly 2 million cars on the road today were involved in an accident where an air bag deployed over the last 2 years.Each of those instances provided scammers with the opportunity to potentially install a counterfeit air bag as a replacement, potentially causing severe injuries and even death, according to the National

Stolen crypto via hacking increased 110% in first half of 2024 over 2023

The first half of 2024 saw hackers targeting cryptocurrency abscond with $1.38 billion, TRM Labs recently found.That total marked a 110% increase from how much they swiped during 2023’s first half, according to the blockchain intelligence company. In the first six months of last year, it was $657 million.TRM Labs said in its analysis that "higher average token prices" probably played a part in the observed spike in stolen cryptocurrency.Popular cryptocurrencies like Bitco

Campaign fundraising expert: 'fairly catastrophic' for Biden if donations dry up

President Biden is facing mounting pressure from Democratic politicians to withdraw as the party's presumptive nominee for this fall's presidential election — with key donors weighing in to call for a change at the top of the ticket.Biden's debate performance last month raised concerns about his health and mental acuity, and while he has said repeatedly that he's "all in" on continuing his campaign, those concerns have spurred a growing number of elected Democrats to urge the president to

Americans are worried about outliving their retirement savings

Most Americans are feeling more confident about their retirement prospects, except for one major concern: outliving their savings.A new survey published by BlackRock shows that 68% of Americans feel like they are on track for retirement, a sharp increase from last year's 56%. Despite that, more than 60% of respondents said they are worried about outliving their nest egg in their golden years.It marked the third year straight that a majority of respondents expressed fear about their money r

Parents say sky-high grocery bills are leading to 'drastic readjustments' at home

Parents are expressing their disbelief and frustration regarding the cost of food, with shoppers now posting their massive grocery bills to social media as part of a growing trend.In one video, a man shared his receipt from a Trader Joe's in Westlake Village, California, as an example of how much money it costs to feed six kids for 10 days."Oh, my God," the man said as he scrolled down the $444.38 bill.Last month, a TikTok influencer, who goes by the handle alchanning, labeled the summer grocery

JetBlue passenger sues airline, alleges she was left with 'disfiguring burns' after hot tea was spilled on her

A JetBlue customer from Connecticut is suing the airline for negligence after claiming she was left with "extreme burns" from hot tea she claims was spilled on her during a turbulent flight.According to a lawsuit filed in a Connecticut District Court, Tahjana Lewis alleged her flight on JetBlue May 15 from Orlando, Florida, to Hartford, Connecticut, left her with severe burns on her chest and lap.Lewis said that when a passenger seated in the row in front of her requested a cup of hot tea, the c

Texas grocery store gets state's first ammunition vending machine: 'Well secured from theft'

A Canyon Lake, Texas, supermarket has a new vending machine, but rather than selling candy, drinks or potato chips, it dispenses ammunition.Lowe’s Market on Sattler Road in Canyon Lake was the recent recipient of the first ammunition vending machine in the state.While recent trends across the U.S. have seen vending machines used to sell sandwiches from places like Subway, marijuana products, candied bacon and even crack pipes, they are now being used to sell ammunition.While some may be co

National Debt Tracker: American taxpayers (you) are now on the hook for $34,861,321,658,685.01 as of 7/11/24

The U.S. national debt is climbing at a rapid pace and has shown no signs of slowing down, despite the growing criticism of massive levels of government spending.The national debt — which measures what the U.S. owes its creditors — fell to $34,861,321,658,685.01 as of Thursday afternoon, according to the latest numbers published by the Treasury Department. That is down about $23 billion from the figure reported the previous day.By comparison, just four decades ago, the national debt