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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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Tech Giants Stumble: Alphabet and Tesla Earnings Disappoint Investors

 

In a surprising turn of events, the stock market experienced a notable decline today, driven by underwhelming earnings reports from tech giants Alphabet and Tesla. Despite high expectations, both companies failed to impress investors, leading to a significant slump in their stock prices.

Alphabet, the parent company of Google, reported better-than-expected profit and revenue for the latest quarter. However, the growth in advertising revenue for YouTube fell short of analysts’ expectations, causing Alphabet’s stock to drop by 5.2%. Tesla, on the other hand, saw its profit for the spring fall by 45% compared to the previous year, missing analysts’ forecasts and resulting in a 9.9% decline in its stock price.

The broader market felt the impact of these disappointing earnings, with the S&P 500 falling by 1.1% and the Nasdaq composite slumping by 1.8%. This downturn marks the fifth decline in six days for the S&P 500, highlighting the market’s sensitivity to the performance of major tech companies.

Investors are now looking for signs of stability and growth from other sectors to support the market, as the dominance of a few tech superstars has shown its downside. The hope is that smaller stocks, which have shown recent gains, can help balance the market as it navigates through this period of volatility.

As the earnings season continues, all eyes will be on upcoming reports to gauge the overall health of the market and the potential for recovery.


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