David Chang’s Momofuku closing its Toronto restaurants

David Chang’s Momofuku closing its Toronto restaurants

A decade after Torontonians first lined up hours for bowls of ramen, platters of bossam and pork belly baos, New York-based chef David Chang’s restaurant company Momofuku announced that it is ceasing operations in the city on Dec. 23. BlogTO first broke the news Thursday about company’s exit from the city, quoting an anonymous former … Read more

Tech stocks worst two-week stretch since the start of pandemic

Tech stocks worst two-week stretch since the start of pandemic

Pedestrians pass by the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images What started off as a third-quarter rebound has turned into a flop for tech investors. The Nasdaq tumbled 5.1% this week after losing 5.5% the prior week. That marks the worst two-week stretch for the tech-heavy index since it plunged … Read more

Google CEO Pichai Tells Employees Not To ‘Equate Fun With Money’ in Heated All-Hands Meeting

Google CEO Pichai Tells Employees Not To ‘Equate Fun With Money’ in Heated All-Hands Meeting

As Google tries to navigate an unfamiliar environment of slowing growth, cost-cutting and employee dissent over cultural changes, CEO Sundar Pichai is finding himself on the defensive. From a report: At a companywide all-hands meeting this week, Pichai was faced with tough questions from employees related to cuts to travel and entertainment budgets, managing productivity, … Read more

Eglinton Crosstown won’t be ready this fall, Metrolinx says

Eglinton Crosstown won’t be ready this fall, Metrolinx says

Metrolinx says it will not be able to meet a previously-set soft target of September for substantially completing the new Eglinton Crosstown light rail line. The provincial agency responsible for regional transit in the GTA said Friday that while it had hoped for work to be substantially complete on the line by September, it will … Read more

Oil Bears Beware, Crude Prices Could Soon Spike

Oil Bears Beware, Crude Prices Could Soon Spike

While sentiment in oil markets has been decidedly bearish in recent weeks, the risk of Russia escalating its war with Ukraine and news that China is finally opening up mean there is plenty of upside risk in oil markets. Oilprice Alert: This month’s Intelligent Investor column, now available for Global Energy Alert members, compare two … Read more

Gold prices trade near session lows strong S&P flash PMI data helping to weigh on market

Gold prices trade near session lows strong S&P flash PMI data helping to weigh on market

Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News)- Bearish sentiment appears to be finally catching up with the gold market as stronger than expected activity in the manufacturing and … Read more