Five things you should know before starting your work day on April 26

Five things you should know before starting your work day on April 26

Good morning, good folks. Shari Kulha bringing you the daily bulletin on all things financial. We have two oil stories: one involves some very big political decisions, the other some big (and questionable) hedging decisions. Experts don’t like the potential purchase of Aecon, critics dislike the low-price wireless proposals, but everybody still likes Facebook (no matter…

Wall Street is afraid of the wrong thing when it comes to Trump’s trade wars

Wall Street is afraid of the wrong thing when it comes to Trump’s trade wars

Rising US bond yields are making stock investors nervous again — but many on Wall Street are worried about the wrong thing. The spike in 10-year note rates above 3% in particular has soured sentiment among equity traders, driving further losses Wednesday following a brutal session Tuesday. However, there’s reason to believe the fears of…

Aecon deal with China poses ‘significant risk’: security expert

Aecon deal with China poses ‘significant risk’: security expert

OTTAWA — While saying a rejection of the proposed acquisition of Aecon Group Inc. would spur a “sharp reaction” from China, the former director of the Canadian Security Intelligence Service (CSIS) warned that the deal would threaten Canada’s national security. Ward Elcock said Wednesday that it would be extremely hard for Ottawa to draw specific…

‘Not a good faith effort’: Big Three propose underwhelming lower-cost data-only mobile plans

‘Not a good faith effort’: Big Three propose underwhelming lower-cost data-only mobile plans

The Big Three wireless carriers have proposed lower-cost, data-only mobile plans at the federal telecom regulator’s command, but questions remain over whether these plans go far enough for low-income consumers. Last month, the Canadian Radio-television and Telecommunications Commission ordered BCE Inc., Rogers Communications Inc. and Telus Corp. to come up with cheaper, data-only plans as…

Facebook execs are shrugging off concerns about the EU’s tough privacy law — but that could be a mistake

Facebook execs are shrugging off concerns about the EU’s tough privacy law — but that could be a mistake

Facebook execs said all the right things during the earnings call on Wednesday. The company’s strong Q1 revenue growth washed away anxiety about the Cambridge Analytica scandal’s impact to its advertising-based business. And executives deftly dispelled fears about the other big cloud looming on the horizon: GDPR. On May 25, the European Union’s new data…

The Supreme Court broke 2 of its strictest rules for the travel ban arguments — and it shows how seriously they’re taking the case

The Supreme Court broke 2 of its strictest rules for the travel ban arguments — and it shows how seriously they’re taking the case

Neal Katyal, front center, was the attorney who argued against the Trump administration in Trump v. Hawaii on April 25, 2018. Associated Press/Andrew Harnik The Supreme Court heard oral arguments on Wednesday for President Donald Trump’s travel ban — one of his most highly scrutinized executive orders to date. The significance of Wednesday’s arguments weren’t…

North Korean-linked hackers stole data from 17 countries in an ongoing cyber attack that’s far bigger than we thought

North Korean-linked hackers stole data from 17 countries in an ongoing cyber attack that’s far bigger than we thought

A North Korean-linked hacking group has been tied to a series of cyber attacks spanning 17 countries, far larger than initially thought. A new report by McAfee Advanced Threat Research found a major hacking campaign, dubbed Operation GhostSecret, sought to steal sensitive data from a wide range of industries including critical infrastructure, entertainment, finance, health…

The world risks a full-blown oil shock within months

The world risks a full-blown oil shock within months

The world risks a full-blown oil shock within months as three geostrategic crises come to the boil and Saudi Arabia hints at US$100 crude, setting off a speculative scramble by commodity hedge funds. Brent crude has surged this week to a 40-month high of almost US$75 a barrel even though the global economy is losing…

Adidas just opened a futuristic new factory — and it will dramatically change how shoes are sold

Adidas just opened a futuristic new factory — and it will dramatically change how shoes are sold

Inside one of Adidas’ Speedfactories. Adidas Adidas’ American Speedfactory is open for business. The 74,000-square-foot facility in Cherokee County, Georgia, outside Atlanta, is now pumping out shoes using a completely automated digital manufacturing process. The first shoes produced and sold from the factory, the new AM4NYC (Adidas made for New York City), created specifically for…

China quietly pulled a propaganda film celebrating its tech giants days after the US sanctioned one of them — and it could be troubling news for Huawei

China quietly pulled a propaganda film celebrating its tech giants days after the US sanctioned one of them — and it could be troubling news for Huawei

The US Department of Justice is reportedly investigating Huawei Technologies, a move that could jeopardize the company’s reputation in China. Since 2016 the Department of Justice has been looking into whether the smartphone supplier breached sanctions by shipping US products to Iran, according to two sources who spoke with Reuters. The probe is reportedly being…