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.

After the carbon capture industry gold rush, how many facilities will actually be built?

There is plenty of skepticism surrounding the carbon capture sector and questions about how many of the proposed facilities will actually be constructed to help companies and the country reduce emissions.

LEGO unveils nearly 1,500-piece ‘JAWS’ brick set, recreating showdown with shark

LEGO introduced a new plastic brick set last week, in honor of the 1975 blockbuster movie "JAWS," which features several main characters, the Orca boat, and the movie’s antagonist — a great white shark.The nearly 1,500-piece set was unveiled last Thursday, July 4. As part of the unveiling, LEGO, in partnership with Universal Products & Experiences, created the first ever summer "brick-buster" mini film, "JAWS…in a Jiffy."The movie features several scenes from the original

Silk, Great Value plant-based beverages recalled across Canada

Several Silk and Great Value refrigerated plant-based beverages have been recalled due to a listeria contamination, according to officials.

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Ticketmaster says customers' credit card information affected by data breach

Ticketmaster is notifying customers about a “data security incident” that may have leaked their personal information.

Job scams surged 118% in 2023 due to AI, watchdog group warns

The rise of artificial intelligence (AI) contributed to a surge in job scams last year, according to a recent report by an identity theft watchdog group.The Identity Theft Resource Center (ITRC) found that reports of job scams increased by 118% in 2023 compared to the prior year. That occurred even as the number of overall scams reported to the ITRC fell by 18%."Identity thieves are improving at looking and sounding 'legitimate,' thanks in part to generative artificial intelligence, especially w

National Debt Tracker: American taxpayers (you) are now on the hook for $34,852,201,287,595.04 as of 7/8/24

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 — rose to $34,852,201,287,595.04 as of Monday afternoon, according to the latest numbers published by the Treasury Department. That is up about $4.6 billion from the figure reported the previous day.By comparison, just four decades ago, the national debt hov

LARRY KUDLOW: Trump's agenda is 'pro-growth'

Forget the Biden circus -- the real headline story today is a pro-growth, "America First" Trump platform a week ahead of the Milwaukee convention. It's Trump's platform issues that will decide this election and that's the subject of the riff.At the moment, the major media frenzy is whether President Biden is going to drop out of the race. For what it's worth, I don't think he will. In Mr. Biden's words, "The Lord almighty is not coming." Let me add: you can bet on that, but all this Biden

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Target stores to stop accepting personal checks

Target Corp. is killing off the use of personal checks at its stores for good."Due to extremely low volumes, we'll no longer accept personal checks starting July 15," Target said in a statement to FOX Television stations. "We have taken several measures to notify guests in advance to aid an easy and efficient checkout experience."Target will still allow customers to write checks through its Target Circle Week sale, which is going on this week through Saturday.After the retail giant stops accepti

Apple Watch to have larger face size in Series 10 models

Apple is poised to incorporate a larger screen size and some other upgrades when the tech giant releases its Series 10 smartwatch, according to Bloomberg.The outlet reported on Sunday that the planned upgrades for the two Apple Watch Series 10 models may be linked to the smartwatch celebrating its upcoming 10-year anniversary.The change in screen size will make the Series 10 more in line with that of the Apple Watch Ultra, according to Bloomberg. The Apple Watch Ultra 2 features a 49 mm ca

Tesla investors call for judge to reject 'outlandish' $7 billion legal fee in Musk's pay case

Tesla shareholders are set to appear in a Delaware court on Monday to call for the judge to reject the "outlandish" request for $7 billion in attorneys' fees to be paid by the company to the legal team that led the challenge to CEO Elon Musk's $56 billion pay package.The record fee request was made by investor Richard Tornetta on behalf of the three law firms that represented him in the lawsuit against Musk's compensation plan, which is believed to be the largest among CEOs of publicly traded co

El Pollo Loco customer leaves drive-thru after seeing 'crazy' prices: 'I was not going to get ripped off'

A customer at an El Pollo Loco drive-thru was left shocked at the price increases during a trip to the fast-food chain, according to a video posted on social media.TikTok user Josie (@josieherrera65) filmed the menu at an El Pollo Loco drive-thru, as well as her reaction."I remember when a 12-piece Family Meal was $12.99. Now, it’s $43.99," Herrera said in the video. "I was okay when it was $23.99, $28.99, but $43.99? "That is crazy."FIVE GUYS' PRICES SPARK OUTRAGE AFTER $24 RECEIPT

Americans' confidence in higher education drops 21 points since 2015

Americans' confidence in higher education has been steadily eroding for several years, and fresh data shows the trend is ongoing amid rising concerns over political agendas being pushed on campuses and whether the cost of a college degree is worth it.New results from a poll conducted by Gallup and the Lumina Foundation released Monday show only 36% of U.S. adults have a great deal or quite a lot of confidence in higher education, down from 57% in 2015.Another 32% of respondents said they have so

WWE touts historic numbers for Money in the Bank premium live event

WWE said it made history with its Money in the Bank premium live event at the Scotiabank Arena in Toronto over the weekend.The company said Monday that Money in the Bank set a new gate record in Canada as well as made historic marks in viewership, merchandise sales and social media impressions.CLICK HERE FOR MORE SPORTS COVERAGE ON FOXBUSINESS.COMWWE said Money in the Bank was the highest-grossing arena event in Canada in the company’s history and was the most-watched Money in the Bank eve

This week's personal loan rates rise for 3-year loans, while 5-year rates fall

Borrowers with good credit seeking personal loans during the past seven days prequalified for rates that were higher for 3-year loans and lower for 5-year loans when compared to fixed-rate loans for the seven days before.For borrowers with credit scores of 720 or higher who used the Credible marketplace to select a lender between July 1 and July 7:Personal loans have become a popular way to consolidate debt and pay off credit card debt and other loans. They can also be used to cover unexpected a

With supply rising and prices dropping, is it time to buy a new car?

For the first time in years, car shoppers are having an easier time finding a deal as the auto industry bounces back from supply chain woes — and experts say the outlook could get even better.

Bloomberg's donation to Johns Hopkins gives medical students free tuition

Business titan and former New York City Mayor Mike Bloomberg's charity is trying to ensure that the majority of Johns Hopkins medical students can graduate debt free.On Monday, Bloomberg Philanthropies announced that it is donating $1 billion to cover the tuition for the "majority of students" at Johns Hopkins University School of Medicine, effectively driving down the average student loan debt for the school to $60,279 by 2029.However, "students from the vast majority of American fa

'Mass brawl' forces Ryanair 'flight from hell' to make emergency landing after just 36 minutes

A Ryanair "flight from hell" was diverted for an emergency landing just 36 minutes after takeoff due to a "mass brawl" that broke out between travelers aboard the aircraft, according to passengers.The flight departed from Agadir, Morocco, to London on Wednesday when the disturbance broke out mid-flight, the Sun reported."It was so stressful. It was like the flight from hell," an unnamed passenger told the outlet. "And it all escalated from that one passenger wanting to change seats."The pa

US home prices just hit another all-time high

The cost of buying a new house just hit another all-time high, according to new data.Findings from Redfin show the median U.S. home sale price soared to $397,954 in June – a nearly 5% increase from a year earlier. That marks the highest level on record and the biggest annual increase since March.The monthly mortgage payment at that price, when accounting for the 6.86% median interest rate for a 30-year mortgage, is now $2,749. That is roughly $88 shy of April's record, thanks to a sl

Chicago suburb homeowner 'devastated' after property tax bill erroneously skyrockets from $1,800 to over $30K

A suburban Chicago homeowner was "devastated" when a clerical error made his property tax bill skyrocket from $1,800 to over $30,000, but local reports say he isn't the only victim."I was literally devastated," the homeowner, Darryl Lloyd, told FOX 32 in Chicago.Lloyd lives in Chicago Heights, an unincorporated Chicago metropolitan area suburb where he purchased his 1950s home for $115,000 in 2006.RISING PROPERTY TAXES ARE A HOUSING MARKET KILLERAccording to the Daily Mail, the single-floo

Paramount agrees to merger with Skydance

Paramount Global and Skydance Media have reached a deal to merge the two media companies together, according to a Sunday joint statement.The proposed merger comes after reports of renewed talks between the two companies emerged earlier in the month and after months of interest from various potential bidders.Paramount Global and David Ellison’s Skydance Media said the merger will occur in two steps.According to the companies, the Skydance Investor Group will pay $2.4 billion for

Mortgage rates crept back up closer to 7% as home prices also jump up

Mortgage rates jumped up this week, hovering closer to 7%. This jump ended week's run of dropping rates. Interest rates for 30-year, fixed-rate mortgages averaged 6.95%, Freddie Mac reported."Mortgage rates increased this week, coming in just under seven percent," Sam Khater, Freddie Mac’s chief economist, explained. "Both new home and pending home sales are down, causing active listings to rise. We are still expecting rates to moderately decrease in the second half of the year and given a

Spirit non-alcoholic mixes produced in unlicensed, uninspected facility recalled

A West Coast beverage company is recalling non-alcoholic drink mixes that were produced in an unlicensed and uninspected facility, and "may cause health risks."According to a recall notice posted by the U.S. Food and Drug Administration (FDA), Urban River Spirits' recalled products, packaged in 750 ml bottles, need to undergo additional shelf stability testing requirements from the Oregon Department of Agriculture.Currently, officials cannot determine the product's safety "due to potential

Today's mortgage rates for 15- and 30-year terms plummet | July 8, 2024

The interest rate on a 30-year fixed-rate mortgage is 6.625 as of July 8, which is 0.365 percentage points lower than on Wednesday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.000%, which is 0.375 percentage points lower than on Wednesday.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

Disneyland new limits on disability access has parkgoers upset, calling for change

It has been three months since Disney announced changes to disability access for guests at its theme parks, and now some disabled guests are demanding action.The changes went into effect May 20 at Walt Disney World in Florida and June 18 at California's Disneyland. Disability Access Service (DAS) is a free service that allows those with disabilities to get a return time for attractions rather than wait in a standard line.It used to be much easier for guests to get DAS accommodation, but no

Boeing agrees to plea deal to avoid criminal trial over deadly 737 Max crashes

Boeing has agreed to plead guilty to a criminal fraud conspiracy charge to avoid a criminal trial in connection with a Justice Department investigation into two deadly crashes involving 737 MAX jetliners, FOX Business can confirm.The criminal case relates to two 737 MAX jetliner crashes in Indonesia and Ethiopia in 2018 and 2019 in which 346 people were killed, leading to demands from the victims' families for Boeing to face prosecution."We can confirm that we have reached an agreement in princi

Paramount announces $28B US merger with Skydance, a new era for famed Hollywood studio

Entertainment giant Paramount will merge with production company Skydance, closing out a decades-long run by the Redstone family in Hollywood and injecting desperately needed cash into a legacy studio that has struggled to adapt to a shifting entertainment landscape.

Boeing to plead guilty to criminal fraud, pay $243M US fine in proposed deal over fatal crashes

Boeing will plead guilty to a criminal fraud charge stemming from two crashes of 737 Max jetliners that killed 346 people, including several Canadians, after the U.S. government determined the company violated an agreement that had protected it from prosecution.

Commission finds COVID pandemic caused $18 trillion in economic damage to US

A new report by the Heritage Foundation's Nonpartisan Commission on China and COVID-19 found that the COVID pandemic caused $18 trillion in economic losses to the U.S. and placed blame for the outbreak on the Chinese government.FOX Business exclusively viewed an advance copy of the report, which estimated that as of December 2023, the pandemic's total economic cost in the U.S. topped $18 trillion after taking into account several ways in which the pandemic affected the economy.That figure includ

Labor market nearing pre-pandemic conditions, Fed report says

The Federal Reserve said Friday in a report to Congress that the U.S. labor market is back in the "tight but not overheated" situation it was in before the COVID pandemic threw the economy into disarray.The report noted that the job market "continued to rebalance over the first half of this year," and added: "Labor demand has eased, as many job openings have declined in many sectors of the economy, and labor supply has continued to increase, supported by a strong pace of immigration.""The balanc