today’s business news headlines

I Don’t Have an Estate Plan…Right?

Whether or not you have a written estate plan, you do have an estate plan. The laws of the state in which you reside will make decisions about your estate if you do not have a written plan.

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If you don’t have a written estate plan, it is essential to know what the intestacy laws of your state are so that you know what will happen to your assets if

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Recession could be just what the doctor ordered for the economy

Scotiabank chief economist says downturn could jostle the economy into a more normal, productive future

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Published April 21, 2023 • 3 minute read

Scotiabank chief economist Jean-François Perrault says that while the central banks won't come out and say it, a recession seems to be just what the doctor ordered.
Scotiabank chief economist Jean-François Perrault says that while the central banks won’t come out and say it, a recession seems to be just what the doctor ordered. Photo by Peter J Thompson/National Post/File Photo

We may be in for some rocky months, but a recession later this year could ultimately help jostle the economy back to a state of

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EHR Threats? – Rickard & Associates

A recent warning highlights that electronic health records (EHRs) are a top target of cybercriminals.

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The Health Sector Cybersecurity Coordination Center (HC3) issued a warning to healthcare entities regarding EHR vulnerabilities and protections.

Protected health information (PHI) continues to hold its value on the dark web and is a constant target of cybercriminals.

With the recent growth of telehealth and healthcare technology, we have seen a large increase in cybercrime

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Tesla gets Justice Department subpoena for self-driving cars – Business News

The US Justice Department has requested documents from Tesla Inc. related to its Autopilot and “Full Self-Driving” features, according to a regulatory filing.

“To our knowledge no government agency in any ongoing investigation has concluded that any wrongdoing occurred,” Tesla said in the filing Tuesday with the Securities and Exchange Commission.

The Austin, Texas-based electric vehicle maker cautioned that if the government decides to pursue an enforcement action, it could possibly have a material adverse impact on its business.

A message was left Tuesday seeking comment from the Justice Department.

Tesla is already facing multiple investigations

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China accuses Washington of wanting ‘technological hegemony’ in Huawei battle – Business News

China’s government accused Washington on Tuesday of pursuing “technology hegemony” following news reports the United States might step up pressure on tech giant Huawei by blocking all access to American suppliers.

The possible move, reported by Bloomberg News, The Financial Times and The Wall Street Journal, would tighten restrictions imposed in 2019 that limit Huawei’s access to processor chips and other technology. The company, which makes network equipment and smartphones, was allowed to buy some less advanced components.

Huawei Technologies Ltd., China’s first global tech brand, is at the center of conflict between Washington and Beijing

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Canada’s transportation supply chains are near breaking point

Susannah Pierce and Murad Al-Katib: 100 days after the task force identified crisis, businesses are still waiting for action from Ottawa

Published January 29, 2023 • Last updated Jan 30, 2023 • 3 minute read

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A highway in BC is washed out by flooding. From the global pandemic to the wildfires and flooding in British Columbia, to physical disruptions due to blockades and strikes, Canada's transportation system has suffered severe disruptions.
A highway in BC is washed out by flooding. From the global pandemic to the wildfires and flooding in British Columbia, to physical disruptions due
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How Can I Preserve Wealth for Future Generations?

Some of our clients are interested in preserving wealth for future generations, and in that instance, we sometimes recommend starting a family bank.

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A family bank is an estate planning tactic to help preserve wealth for generations to come. They can be structured in a variety of ways to meet that family’s needs, however, they are intended to help benefit a group of family members.

If our clients give their

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Saudi Arabia Keeps Betting Big on Lucid Motors (LCID) Stock

LCID stock - Saudi Arabia Keeps Betting Big on Lucid Motors (LCID) Stock

Source: rblfmr / Shutterstock.com

Saudi Arabia increased its stake in electric-vehicle maker Lucid (NASDAQ:LCDs) by 9% last quarter, an SEC filing was disclosed yesterday. The news comes amid speculation about the Middle Eastern country completely taking over the EV maker.

Saudi Arabia Bought More LCID Stock

In the fourth quarter, the country’s Public Investment Fund (PIF) bought nearly 200 million more shares of Lucid, bringing its total position in the automaker to 1.1 billion. The purchases increase the fund’s stake in the EV maker to 62%.

LCID is by far the largest holding in the PIF

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