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☆ The Score: Shopify, GM, Tesla and More Stocks That Defined the Week
  + stars: | 2023-12-02 | by ( Francesca Fontana | ) www.wsj.com   time to read: 1 min
E-commerce platform Shopify said its merchants hit a sales record. Photo: David Kawai/Bloomberg NewsThe Score is a weekly review of the biggest stock moves and the news that drove them. ShopifyBlack Friday and Cyber Monday brought in big sales for online shopping firms.
Persons: David Kawai, Shopify Organizations: Bloomberg
☆ US Chamber of Commerce warns of major increase in risks for businesses in China
  + stars: | 2023-05-01 | by ( Michelle Toh | ) edition.cnn.com   time to read: +2 min
Hong Kong CNN —The United States Chamber of Commerce has warned that rising scrutiny of American firms in China “dramatically increases” the uncertainties and risks of doing business in the country. “The services these firms provide are fundamental to establishing investor confidence in any market, including China,” the chamber said in a statement, without naming either company. Suzanne Clark, president and chief executive officer of the US Chamber of Commerce, speaking during an event in Ottawa, Canada, in April. The news came a month after Chinese authorities closed the Beijing offices of Mintz, detaining five of its local staff. The news about Bain has spooked the US business community in China, the American Chamber of Commerce in China told CNN last week.
☆ Canada Government Workers Strike Over Pay to Offset Inflation
  + stars: | 2023-04-19 | by ( Paul Vieira | ) www.wsj.com   time to read: 1 min
Bank of Canada Gov. Tiff Macklem told lawmakers this week that annual wage growth needs to slow from its current level. Photo: David Kawai/Bloomberg NewsOTTAWA—About 150,000 Canadian government workers went on strike early Wednesday, in a dispute over wage increases that could have implications on efforts by the country’s central bank to sharply slow inflation. The Public Service Alliance of Canada is seeking wage gains of 13.5% over a three-year period, or roughly 4.5% a year. Union leadership said this would help offset the sharp acceleration in inflation in Canada and the rest of the developed world since the initial wave of the Covid-19 pandemic, due to a combination of supply-chain constraints, stronger-than-expected consumer demand, and the war in Ukraine’s impact on commodity prices.
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