How CBC investigated an alleged grandparent scam mogul
Gareth West lived a life of luxury. He said he made his money from buying and selling real estate in Montreal and southern Ontario. Now, he's been charged with orchestrating a $30-million scam network
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30 minutes ago
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Archer Aviation Is Linking Up With the FAA in a Victory for eVTOLs. Should You Buy ACHR Stock Here?
Archer Aviation (ACHR) is gaining on news that it is coordinating with the U.S. Federal Aviation Administration (FAA) and Department of Transportation (DOT) to harmonize eVTOL rollouts in multiple nations. The statement, at the Paris Air Show, unveils a worldwide coalition with the U.K., Australia, New Zealand, and Canada — collaborating to establish a single worldwide certification regimen. The coalition was touted by CEO Adam Goldstein as 'a step towards bringing our Midnight aircraft to skies around the world.' This breakthrough reflects its efforts to introduce electric aircraft to commercial airspace, also recently supported by a U.S. executive order in favor of eVTOL testing and pilots. CoreWeave Just Revealed the Largest-Ever Nvidia Blackwell GPU Cluster. Should You Buy CRWV Stock? AMD Is Gunning for Nvidia's AI Chip Throne. Should You Buy AMD Stock Now? The Saturday Spread: Statistical Signals Flash Green for CMG, TMUS and VALE Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! ACHR is picking up steam on multiple fronts: commercial relationships, AI acceptance, and expansion worldwide. ACHR remains sector leader, up over 220% in the past year. Archer Aviation (ACHR) is a California-based firm that is conceptualizing electric vertical takeoff and landing (eVTOL) aircraft with a concentration primarily on urban air mobility. Archer, with a market cap of nearly $5.6 billion, is one of the relatively few eVTOL startups with over $1 billion in cash and deep partnerships led by United Airlines (UAL) and Stellantis (STLA). ACHR stock has increased by 224% over the past 12 months, far outperforming the S&P 500 Index ($SPX). The stock touched a high of $13.92 during 2025 and remains extremely volatile, as its 52-week low is $2.82. Valuation-wise, Archer is currently trading at 5.54x price-book and 0.06x debt-equity. Since revenue is zero for the time being — as is typical for a company that hasn't commercialized yet — its enterprise value of $4.8 billion indicates tremendous investor belief in its future earning ability, especially with its growing backlog and high-margin commercialization strategy. Archer reported a Q1 2025 GAAP net loss of $93.4 million and an adjusted EBITDA loss of $109 million, just slightly better than feared. Operating expenses were $144 million and adjusted operating expenses were $113 million. Archer now controls over $1 billion in cash, so it now has the best balance sheet in the eVTOL space. For the future, management predicts losses in Q2 adjusted EBITDA of $100 million to $120 million. Investors are looking toward commercial milestones, and not profitability, despite ongoing losses. Recent news includes a firm summer delivery timeline for the company's first Midnight aircraft to the UAE. Abu Dhabi Aviation and Ethiopian Airlines are the first customers under the 'Launch Edition' program, designed to create a repeatable commercialization platform. Separately, Archer announced a strategic collaboration with Palantir (PLTR) to together create flight software and future aviation systems. The collaboration would enable Archer to gain a technological edge as it makes the transition from test flying to commercial operations. According to Barchart data, Archer Aviation has a 'Moderate Buy' consensus rating. Archer Aviation is covered by various analysts at present, and the majority of them are still bullish despite increased commercial traction. Its average price target is $11.94, good for 19% of potential gain. The high and low targets are $18.00 and $4.50, respectively, signs of wide disagreement due to commercialization risk, execution, and the need for eventual financing down the road. On the date of publication, Yiannis Zourmpanos did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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an hour ago
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Canadians defaulting on non-mortgage bill payments
The financial strain on Canadians has reached unprecedented levels recently, with metropolitan centres such as Toronto and Vancouver experiencing dramatic increases in living costs. These elevated expenses continue to burden residents across the country. Toronto's Greater Area (GTA) residents are particularly impacted, with new research from Oxford Economics revealing that they dedicate a larger portion of their income to housing costs, more than almost any other major city globally. This sobering statistic highlights the severity of the region's affordability crisis. As a direct consequence of these financial pressures, Ontario has witnessed a concerning rise in mortgage delinquencies and missed bill payments, signaling growing economic distress among its residents. According to newly released data from Equifax, Canadians are struggling with debt like never before. In the first months of 2025, there has been a concerning 17.06% increase in people who are either late on payments or completely defaulting on their bills compared to last year. The GTA is particularly affected, leading the nation in the rate of mortgage payments that are more than 90 days overdue. But the problem extends beyond housing — Ontario residents are showing the highest increase in defaults across various types of debt, including credit cards and auto loans year-over-year. This troubling trend isn't new for Ontario, which has consistently shown mounting debt problems over recent years. Data shows a significant increase in non-mortgage payment defaults across Canada, with some provinces experiencing dramatic spikes. Ontario leads the nation with a 24% rise in delinquencies during Q1 2025 compared to the previous year. Alberta follows with a 15.93% increase, while Quebec rounds out the top three at 13.95%. British Columbia and the Western Region also saw notable increases of 12.63 and 12.49% respectively. In contrast, some regions maintained relatively stable delinquency rates. Newfoundland reported a minimal increase of 0.48%, while Manitoba saw a modest 2.04% rise in missed payments. At a municipal level, Toronto stands out with a 24.28% year-over-year increase in delinquency rates, significantly higher than other major Canadian cities. For comparison, St. John's experienced only a slight uptick of 1.19% during the same period. For non-mortgage debt in Q1 2025, Fort McMurray leads Canadian cities in delinquency rates at 2.56% — Edmonton is in a close second at 2.26% with Toronto rounding out the top three at 2.17%. This indicates significant challenges in debt repayment across major urban centers. Looking at provincial statistics, Alberta shows the highest delinquency rate at 1.97% in Q1 2025. Saskatchewan follows at 1.82%, while New Brunswick and Ontario report rates of 1.77% and 1.72% respectively. In terms of non-mortgage consumer debt, Fort McMurray residents carry the heaviest burden among analyzed cities, with an average of $37,269, while Toronto ranks seventh out of nine cities studied, with residents owing an average of $21,048. At the provincial level, Newfoundland leads with the highest average personal non-mortgage debt at $24,770, while Ontario sits at seventh place among provinces with an average of $22,543 per person. 1. BNN Bloomberg: Toronto housing among least affordable on this global index. Here's what experts say needs to change (June 8, 2025) 2. Equifax: Non-Mortgage Delinquencies Reach Levels Not Seen Since 2009 (May 27, 2025) This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 hours ago
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San Joaquin County home listings asked for less money in May - see the current median price here
The median home in San Joaquin County listed for $599,000 in May, slightly down from the previous month's $599,450, an analysis of data from shows. Compared to May 2024, the median home list price slightly increased from $598,750. The statistics in this article only pertain to houses listed for sale in San Joaquin County, not houses that were sold. Information on your local housing market, along with other useful community data, is available at San Joaquin County's median home was 1,886 square feet, listed at $319 per square foot. The price per square foot of homes for sale is mostly unchanged from May 2024. Listings in San Joaquin County moved steadily, at a median 41 days listed compared to the May national median of 51 days on the market. In the previous month, homes had a median of 38 days on the market. Around 732 homes were newly listed on the market in May, an 18.8% increase from 616 new listings in May 2024. The median home prices issued by may exclude many, or even most, of a market's homes. The price and volume represent only single-family homes, condominiums or townhomes. They include existing homes, but exclude most new construction as well as pending and contingent sales. In California, median home prices were $775,000, a slight increase from April. The median California home listed for sale had 1,775 square feet, with a price of $477 per square foot. Throughout the United States, the median home price was $440,000, a slight increase from the month prior. The median American home for sale was listed at 1,840 square feet, with a price of $234 per square foot. The median home list price used in this report represents the midway point of all the houses or units listed over the given period of time. Experts say the median offers a more accurate view of what's happening in a market than the average list price, which would mean taking the sum of all listing prices then dividing by the number of homes sold. The average can be skewed by one particularly low or high price. The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu. Our News Automation and AI team would like to hear from you. Take this survey and share your thoughts with us. This article originally appeared on The Record: San Joaquin County home listings asked for less money in May - see the current median price here
