A merger deal worth billions of dollars Trump Media & Technology Group (TMTG), the company behind former President Donald Trump’s social media platform Truth Social, has received approval from the U.S. Securities and Exchange Commission (SEC) to merge with a blank-check company and go public. The merger deal, which was...
New vehicle prices fall as luxury brands offer big discounts
The average price of a new vehicle in the U.S. dropped by 2.6% in January 2024, as luxury brands offered significant discounts to boost their sales. According to Kelley Blue Book, a subsidiary of Cox Automotive, the average transaction price (ATP) for a new vehicle was $48,763, down from $50,031...
Reliance Consumer Products snaps up Ravalgaon’s candy brands
Reliance Consumer Products, a subsidiary of India’s largest conglomerate Reliance Industries, has acquired the candy business of Ravalgaon Sugar Farm for Rs 27 crore ($3.7 million). The deal includes the transfer of Ravalgaon’s trademarks, recipes, and intellectual property rights of nine popular candy brands such as Pan Pasand and Coffee...
Loonie Holds Steady as Markets Await U.S. Inflation Data
The Canadian dollar was trading near unchanged against its U.S. counterpart on Monday, as markets awaited the release of the U.S. inflation data for January, which could have implications for the monetary policy outlook of both countries. The loonie was also supported by higher oil prices and a positive tone...
How to Save Money on Taxes When Buying a Used Car
Buying a used car can be a smart way to save money, but it can also come with a hefty sales tax bill. Depending on where you live and the price of the car, sales tax can add up to thousands of dollars. However, there are some legal ways to...