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Claim Your Share: Navigating the $500-Million Bread Price-Fixing Settlement

  Canadians who purchased packaged bread between January 1, 2001, and December 31, 2021 , may be eligible for compensation from a $500-million class-action settlement . This lawsuit accused major grocery chains, including Loblaw Companies Ltd. and George Weston Ltd. , of participating in a price-fixing scheme that artificially inflated bread prices. Who Can Apply? Eligible claimants include individuals and businesses that bought packaged bread in Canada during the specified period. The settlement covers most packaged bread products , but excludes fresh in-store baked goods, artisan loaves, and frozen bread. How to File a Claim Once the settlement process is finalized, an online claims porta l will be available for submissions. Claimants will need to provide details about their bread purchases, though proof of purchase is not required for claims up to $25 . Those who previously received a $25 Loblaw gift card  in 2018–2019 can still apply, but the gift card amount will be deduc...
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Stock Market Today: US Futures Slip as Wait for Nvidia Earnings Nears Its End

                                                

U.S. stock futures are showing signs of caution as investors eagerly await Nvidia’s pivotal earnings report and minutes from the Federal Reserve’s last meeting. Here are the key points driving today’s market sentiment:

  1. Nvidia’s Earnings Anticipation:
    • AI Bellwether: Nvidia (NVDA), a leading artificial intelligence (AI) chipmaker, is set to release its first-quarter results after the closing bell. Investors are closely monitoring the company’s performance, especially given sky-high earnings expectations.
    • Market Impact: The chipmaker’s share price is expected to make a significant move based on the results. Options markets imply an 8.6% swing in either direction, making it a critical moment for tech investors.
    • Bullish Outlook: Despite short-term uncertainties, many analysts remain bullish on Nvidia’s long-term growth prospects, particularly in the AI chip sector.
  1. Federal Reserve Clues:
    • Inflation Concerns: The Federal Reserve’s minutes from its last meeting are under scrutiny. Investors are looking for any deviation from policymakers’ repeated message that they want to be more confident about inflation cooling down before considering rate cuts.
    • UK Inflation Data: Ahead of the release, UK inflation data hinted at persistent price pressures, adding to market jitters.
  1. Target’s Earnings Disappointment:
    • Consumer Behavior: Retail giant Target (TGT) reported quarterly earnings that fell short of expectations. Consumers held off on nonessential purchases due to inflation concerns, leading to an 8% pre-market slide in Target’s shares.

In summary, today’s market hinges on Nvidia’s performance and the Fed’s stance on inflation. Investors are bracing for potential volatility, making it a crucial test for the broader market.

Stay tuned for further updates as the day unfolds.

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