Breadcrumb Trail Links Commodities Energy Oil & Gas News TMX has boosted Canada’s export capacity by 13% Get the latest from Meghan Potkins straight to your inbox Sign Up Published Nov 06, 2024 • 3 minute read You can save this article by registering for free here. Or sign-in if you have an account. Pumpjacks operate as wildfire smoke hangs in the air near Calgary, Alberta, May 12, 2024. Photo
(Bloomberg) — Asian equities were set to climb Friday after a cross-asset rally in the US lifted stocks, bonds and commodities as the Federal Reserve cut interest rates. Most Read from Bloomberg Australian stocks and equity futures for Japan and Hong Kong all rose, while the Golden Dragon index of US-listed Chinese companies rallied 3.5%. The S&P 500 gained 0.7% and the Nasdaq 100 climbed 1.5%, both setting fresh peaks
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)
