Canada announced Wednesday it won’t block access to the popular video-sharing app TikTok but is ordering the dissolution of its Canadian business after a national security review of the Chinese company behind it. Industry Minister François-Philippe Champagne said it is meant to address risks related to ByteDance Ltd.’s establishment of TikTok Technology Canada Inc. “The government is not blocking Canadians’ access to the TikTok application or their ability to create

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Check out the companies making headlines in extended trading: Rivian — The electric vehicle maker added nearly 2% despite missing on both top and bottom lines in the third quarter. Rivian posted an adjusted loss of 99 cents per share on $874 million in revenue. Analysts polled by LSEG had forecast a loss of 92 cents per share on revenue of $990 million. Pinterest — Shares tumbled 11% after the

The Dow closed 1,500 points higher on Wednesday, boosted by Donald Trump’s decisive election win and a possible Republican-controlled Congress, signaling strong market optimism. Alongside the stock rally, U.S. Treasury yields also increased, raising concerns among some analysts about market stability and the potential effects on equities. The 10-year Treasury yield rose over 14 basis points, reaching 4.433%—its highest level since July. Similarly, the yield on the 2-year Treasury climbed

Article content Enforcement staff at the Ontario Securities Commission failed to prove allegations that a trio of sophisticated market participants including investment dealer Cormark Securities Inc. were involved in an “illegal and abusive” short selling scheme, an OSC tribunal ruled Thursday. The case was launched in 2022 and revolved around a complex series of transactions in 2017 including a private placement, a securities lending agreement, and short sales. Article content Enforcement staff

(Bloomberg) — US stocks are extending gains, with traders expecting the Federal Reserve to cut interest rates later on Thursday. Most Read from Bloomberg The S&P 500 rose 0.5%, after the index notched a record high in the previous session. Nvidia Corp. and Apple Inc. are leading the gains. Treasury yields dropped after Wednesday’s historic selloff, with the 10-year rate now around 4.36%. The dollar fell further. Data earlier showed

What a potential Fed rate cut could mean for the economy – CBS News Watch CBS News As the Fed wraps up its two-day meeting, there’s a chance of another interest rate cut. CBS News business analyst Jill Schlesinger joins “CBS Mornings Plus” to talk about the potential impact on the economy and what it means for consumers. Be the first to know Get browser notifications for breaking news, live

US stocks stepped higher on Thursday, eyeing a return to the Trump rally as investors mapped out the next president’s likely impact on markets and awaited the Federal Reserve’s policy decision. The Dow Jones Industrial Average (^DJI) hovered near the flatline, on the heels of a 1,500-point gain that marked the blue-chip gauge’s best day since 2022. The S&P 500 (^GSPC) rose roughly 0.4%, while the tech-heavy Nasdaq Composite (^IXIC)

Check out the companies making headlines in premarket trading. Lyft — The rideshare stock advanced more than 23% after a stronger-than-expected fourth-quarter outlook. Lyft expects bookings in the current quarter of $4.28 billion to $4.35 billion, while analysts polled by FactSet expected $4.23 billion. Arm Holdings — Shares of the semiconductor company slipped about 7% despite second-quarter results surpassing Wall Street estimates. Arm reported adjusted earnings per share of 30

By Patrick Wingrove (Reuters) -Moderna reported a surprise third-quarter profit on Thursday, driven by cost-cuts and higher-than-expected sales of its COVID-19 vaccine, even with low revenue from its new respiratory syncytial virus shot. Shares of the Cambridge, Massachusetts-based company surged nearly 10% in premarket trading. Moderna posted a profit of $13 million, or 3 cents a share, for the quarter, compared to a loss of $3.6 billion a year ago.