Business

Netflix laid off roughly 1,000 employees on Wednesday, equally roughly 6% of its work force. Netflix film chairman Dan Lin was spared in Wednesday’s bloodbath at the streamer, which saw 1,000 staffers receiving pink slips and Lin’s No. 2, film VP Doug Belgrad, step down.

Open this photo in gallery:A customer shops for produce at an H-E-B grocery store in Austin, Tex., in May. S. producer prices increased by the most in 4-1/2 years in September amid rising costs for goods and services, the latest indication of inflation broadening out beyond energy products. The Producer Price Index for final demand jumped 1.3 per cent last month, the largest gain since in March, 2022, after an upwardly revised 0.5-per-cent rise in August, the Labor Department’s Bureau of Labor Statistics said on Thursday. Economists polled by Reuters had forecast the PPI increasing 0.5 per cent after a previously reported 0.4-per-cent gain in August.

TSMC earnings show no AI slowdown as advanced-node capacity expands.

Northern Ontario mining suppliers can now apply to be part of the 2027 Northern Ontario Mining Showcase. Hosted by the City of Temiskaming Shores, with funding from FedNor, the showcase takes place each spring during the Prospectors and Developers Association of Canada conference, considered the world’s largest mining tradeshow.

Open this photo in gallery:ECW Press co-publishers David Caron (left) and Jack David (right) at a literary festival. SUPPLIEDWhen it comes to the economics of book publishing, Jack David doesn’t mince words: “It’s a terrible business.” Mr. David is the co-founder of ECW Press, a Toronto-based independent publisher. The company, now over 50 years old, has published over 3,500 books and hit about $5-million in annual revenue. However, profit margins in publishing can be as narrow as two per cent. After acquiring a book, a publisher may spend 18 months editing, designing and printing, followed by another several months waiting to collect revenue after the book hits the stores.

Nfld. & LabradorEnvironment Canada has issued a yellow wind warning for the Bonavista and northern Avalon Peninsulas for Thursday morning. High winds to taper off around noon but pick up again in the eveningCBC News · Posted: Oct 15, 2026 6:29 AM EDT | Last Updated: October 15Listen to this articleEstimated 1 minuteThe audio version of this article is generated by AI-based technology. Mispronunciations can occur. We are working with our partners to continually review and improve the results. Environment Canada has a yellow wind warning in place for the Bonavista Peninsula and the northern Avalon Peninsula Thursday morning. (CBC)Environment Canada has issued a yellow wind warning for the Bonavista and northern Avalon Peninsulas for Thursday morning. Maximum southerly wind gusts are expected to reach 80 km/h, and up to 100 km/h along the coast. Those high winds are forecasted to be coupled with 15 to 25 milimetres of rain. Describing the winds as "damaging," the department is warning residents of significant risk, including possible utility outages. Residents are also advised to secure loose objects.

Brokers should walk owners through worst-case scenarios to close business interruption gaps, says Lisa Thomson Small business owners mostly focus on insuring their building and tend to overlook the shutdown and cyber exposures that come with running a business, according to Lisa Thomson (pictured), vice president, commercial lines, small business, at Wawanesa Insurance.

A look at some small-cap stocks making news - or about to. Canada’s S&P/TSX Small Cap Index (TXTW-I) is up by about 20 per cent over the past 52 weeks. It hit a record 1,496.55 on June 2. The Russell 2000 in the U. S. is up about 10 per cent over the past 52 weeks and reached a high of 3,069.71 on Aug. 14. Small-cap summary: Kits Eyecare Ltd. (KITS-T) shares dropped about 7 per cent in Friday trading after the company said its co-founder, Joseph Thompson, has transitioned from chief operating officer to an advisory role. Some analysts described the move as a surprise. After markets closed on Thursday, the Vancouver-based company said co-founder, chair and CEO Roger Hardy continues in his roles, leading the company’s strategy, capital allocation, capital markets and long-term vision. Tai Silvey continues as president, a role he has held since April. Ibrahim Kamar continues as chief financial officer, a role he has held since April. Mr. Thompson founded Kits with Mr. Hardy eight years ago and helped grow the company to an annualized revenue run-rate of more than $250-million, with more than 1.1 million active customers, Cannacord Genuity analyst Luke Hannan wrote in a note. “Mr.

Saudi national Abdulrahman Alfozan was due to fly to Saudi Arabia on October 12, US prosecutors say in a court filing. The Saudi national accused of bugging OpenAI’s headquarters booked a one-way flight to Saudi Arabia before his arrest, US prosecutors have alleged. Abdulrahman Alfozan, a former OpenAI engineer, had been scheduled to fly to Saudi Arabia with his wife and another family member on October 12, prosecutors said in a court filing unsealed on Wednesday. Recommended Stories list of 4 itemslist 1 of 4Denmark pushes back as Trump touts Greenland oil and mineral dealslist 2 of 4US destroys dhow suspected of Iranian command and controllist 3 of 4Mexican court closes case against official over 2023 detention centre firelist 4 of 4Costa Rica opens mega-prison as Bukele model embraced across Latin Americaend of listThe FBI arrested Alfozan, who worked at OpenAI for about 15 months until his termination last week, on October 9, after OpenAI personnel reported the discovery of a hidden listening device in a conference room at the company’s San Francisco headquarters.