German fintech Wirecard filed for insolvency in June following a $2 billion scandal, which saw its former chief executive Markus Braun get arrested and resign. Wire card's share price tanked 97% from $117 to just…

Warren Buffett spent $6.5 billion to help Mars acquire Wrigley during the financial crisis. The famed investor and Berkshire Hathaway CEO bought $2.1 billion of Wrigley preferred stock paying a 5% annual dividend, and $4.4…

Strength in numbers — or guilt by association? When Jeff Bezos, Tim Cook, Sundar Pichai and Mark Zuckerberg appear together to answer questions from U.S. lawmakers in the coming weeks, it could be a watershed…

Igor Onuchin/Getty Goldman Sachs predicts global oil demand will not return to pre-coronavirus levels until 2022 after a fall of 8% in 2020 and a rebound of 6% in 2021. Analysts said peak demand is…

Stocks have been historically volatile in 2020, and anything that brings a little more stability and predictability is going to be deeply appreciated. Enter liquidity: Goldman Sachs Equity Derivatives Associate Vishal Vivek writes in a…

This week, Google announced it is acquiring North, the Canadian startup behind the Focals smart glasses. You might have missed it: Qualcomm also just announced a new chip that will power the next generation of…

Amazon's deal to buy self-driving car startup Zoox could foreshadow more deals to come. Autonomous vehicle technology is proving to be much harder to develop than early enthusiasts predicted. It could take a decade or…

Eugene Honcharuk saw news of patios reopening in Toronto last week and started making a list. He filled six pages with every available piece of patio equipment in his inventory and waited for the restaurants…

At its latest annual developer conference last month, Apple Inc. announced a suite of changes to its flagship mobile operating system that sent ripples through the data economy. With the next version of iOS, customers…

OTTAWA — Statistics Canada says the economy saw its largest monthly drop on record in April as it came to a near standstill due to the pandemic, but early indications point to a rebound in…

Reuters / Jessica Rinaldi Billionaire "bond king' Jeff Gundlach discussed the coronavirus crash, the pandemic's lasting impacts, day traders, the November election, and other subjects in a Yahoo Finance interview on Wednesday. The DoubeLine Capital…

Amelia Lucas NPC International, the largest U.S. franchisee of Yum Brands’ Pizza Hut, filed for Chapter 11 bankruptcy. The company operates more than 1,200 Pizza Huts and nearly 400 Wendy’s restaurants. In a note published Tuesday before…

The collapse in crude prices this year has sent activity among U.S. oil and gas producers tumbling and left more than 100,000 workers out of a job. But for one small handful of employees things…

The US has struck a deal with Gilead Sciences to purchase more than 90% of the global supply of the drug remdesivir. Remdesivir has been shown to help moderately ill patients recover more quickly from…

A wave of restructurings and Chapter 11 filings has put a group of investors, lawyers, and bankers back in the spotlight. Distress investing, which looks to take advantage of bankruptcies and other high-risk situations, struggled…

On Tuesday, female-focused vitamin startup Ritual announced that it was launching a men's daily multivitamin in its latest attempt to upend the $123 billion vitamins and supplements market. Founder and CEO Katerina Schneider told Business…

The coronavirus pandemic has changed air travel dramatically. Some changes and measures may be undone once the pandemic is over, but in some ways, flying may never be the same. We spoke with experts from…

When the Financial Times interviewed Warren Buffett last year, he predicted that future returns from his company Berkshire Hathaway and from the U.S. stock market as a whole would be “very close to the same.”…

It was a Friday in mid-March when things started to unravel for Sara Simply Sampling. The firm, which runs in-store sampling for some of the biggest supermarket chains in Western Canada, was operating 21 wine…

The internet has connected people in marvellous and unprecedented ways, but there are virtually no police monitoring the information superhighway. Silicon Valley’s social media giants have been dominant players in the industry, but have failed…

picture alliance/Getty Munich-based Wirecard, founded in 1999, was established with the intention of assisting websites with credit card payment collections from customers. In the past week, the company has witnessed a spectacular fall from grace…

Facebook's share price sank 8% on Friday, wiping an estimated $7 billion off CEO Mark Zuckerberg's fortune. The social media giant is facing financial pressure as major consumer companies, including Unilever, Coca-Cola, Ben & Jerry's,…