Tag: Business

Consumers support U.S. economy as business spending slumps

WASHINGTON (Reuters) – U.S. economic growth slowed less than expected in the third quarter as a further contraction in business investment was offset by resilient consumer spending, further allaying financial market fears of a recession. The Federal Reserve cut interest rates for the third time this year on Wednesday amid lingering threats to the longest…

Business Outlook Survey—Autumn 2019

Forward-looking indicators of foreign sales are slightly positive, suggesting modest export sales growth in the next 12 months. Expectations are backed by demand from the United States and the rest of world and by the level of the Canadian dollar. Firms’ expectations of US economic growth have, however, weakened somewhat; several businesses refer to adverse impacts…

Toronto Star launches improved business coverage

The Greater Toronto Area is at a crucial turning point. Whole neighbourhoods are being reimagined, the technology sector is exploding, the population is surging, the streets are overloaded and the signs of prosperity are all around us — as are the troubling signs of strain. The decisions we make today will have a profound effect…

Peanuts! Uber boss calls losing $5bn in 3 months a sustainable business model

Ride-hailing giant Uber, which has recently reported its largest-ever quarterly loss, has an “absolutely sustainable” business model, according to the company’s CEO, Dara Khosrowshahi. In an interview with CNN, he defended the company’s business model, which involves investing heavily in promotions to attract customers to its on-demand ride and meal-delivery offerings. “The model is absolutely…