24News.ca

Canada's banks are gearing up to release their latest quarterly results amid a volatile backdrop. Analysts are expecting tempered results as the banks navigate soaring inflation, rising interest rates, housing risks and a stock market sell-off. Source

Walmart's attempt to commemorate Juneteenth with a new ice cream didn't go over so well. The company is apologizing for selling "Celebration Edition: Juneteenth Ice Cream," under its Great Value label. The branding sparked a backlash with many people on social media. Source

WASHINGTON - A massive recall is getting most of the blame for the U.S. baby formula shortage, but experts say the products have long been vulnerable to this type of crisis due to decades-old policies that have allowed a handful of companies to corner the market. Source

TORONTO - Canadian mortgage brokers say homebuyers are increasingly considering credit unions and private lenders to secure mortgages as rates rise. The brokers notice Canadians are now more drawn than before toward these alternative lenders because fixed mortgage rates have crept toward and just above four per cent in recent months in many provinces and territories. Source

Canadian mortgage brokers say home buyers are increasingly considering credit unions and private lenders to secure mortgages as rates rise. The brokers notice Canadians are now more drawn than before toward these alternative lenders because fixed mortgage rates have crept toward and just above four per cent in recent months in many provinces and territories. Source

Canadian mortgage brokers say home buyers are increasingly considering credit unions and private lenders to secure mortgages as rates rise. The brokers notice Canadians are now more drawn than before toward these alternative lenders because fixed mortgage rates have crept toward and just above four per cent in recent months in many provinces and territories. Source

Snap Inc said the U.S. economy had worsened faster than expected in the last month and the social media company slashed its quarterly forecast, triggering an after-hours sell-off. Since late April, "the macroeconomic environment has deteriorated further and faster than anticipated. Source

BEIJING - Airbnb Inc. announced Tuesday it will stop representing short-term rental properties in China and focus its business in the country on serving Chinese tourists looking for lodgings abroad. Airbnb joins a series of foreign internet companies including Yahoo Inc. Source

TOKYO - Asian shares were lower on Tuesday as worries over inflation tempered optimism over U.S. President Joe Biden's remark that he was considering reducing U.S. tariffs on Chinese imports. Benchmarks fell in Japan, Australia, South Korea and China, although some of the indexes had been higher earlier in the day. Source

TOKYO - By Yuri Kageyama THE ASSOCIATED PRESS TOKYO (AP) -- Global shares declined Tuesday as worries over inflation tempered optimism over President Joe Biden's remark that he was considering reducing U.S. Source