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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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Wall Street Drifts to a Mixed Close, Nasdaq Notches Another Record

U.S. stock indexes experienced a mixed finish today, with the Nasdaq composite reaching another record high. Here are the key highlights:

  1. S&P 500 and Nasdaq Performance:

    • The S&P 500 slipped 0.3%, with approximately 80% of stocks in the benchmark index declining.
    • The Nasdaq remained mostly unchanged, despite the overall market weakness, as of 12:27 p.m. Eastern.
    • Both the S&P 500 and Nasdaq had set record highs in previous sessions.

  2. Corporate News:

    • General Motors (GM) rose 1.1% after announcing a $6 billion stock buyback.
    • Apple (AAPL) gained 5.9%, driven by its focus on artificial intelligence technology.
    • Affirm Holdings (AFRM) rose 4.6% due to integration into Apple Pay.

  3. Interest Rate Decision Ahead:

    • The Federal Reserve’s interest rate policy decision is expected this week.
    • Policymakers will release their latest forecasts on interest rates and the economy.
    • Wall Street anticipates one or two rate cuts this year.

  4. Inflation Reports:

    • On Wednesday, the U.S. will release updates on consumer-level inflation.
    • The government’s consumer price index is expected to remain unchanged at 3.4% in May.
    • The Fed aims to manage inflation back to its target rate of 2%.

  5. Market Outlook:

    • Wall Street remains cautious, balancing economic recovery and inflation concerns.
    • Analysts await the Fed’s guidance on interest rates and economic projections.

In summary, today’s market saw mixed results, but the Nasdaq continued its upward trend. Investors closely watch inflation data and the Fed’s next move.

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