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Fed’s Powell puts September rate cut on the table, but doesn’t say much
Federal Reserve Chair Jerome Powell on Wednesday put a “heavy thumb” on the scale regarding an interest-rate cut coming as soon as the next policy meeting in September, but when asked about what comes next, he did not say much.
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The case of the missing Melona bars: Why the icy Korean treats are suddenly
Bronwyn Chhay runs an ice cream cart every summer at a Calgary park. Yet she noticed in July that one of her most popular treats — Melona, a creamy Korean brand of frozen dessert bar — was proving increasingly difficult to track down."We…
Microsoft and AMD earnings show that AI remains a game of optics
The dichotomy in Wall Street’s reactions to the results from Microsoft Corp. and Advanced Micro Devices Inc. — two tech giants that have been investing heavily in AI — is a perfect example of the AI optics game.
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TC Energy signs deal to sell minority stake in pipeline to Indigenous
TC Energy Corp. says it has signed a $1-billion deal that will enable 72 Indigenous communities to take a minority stake in its Nova Gas transmission system and Foothills pipeline assets.The Calgary-based energy company says the…
Whether the Fed cuts rates or not, inflation is going higher — and so are
The U.S. economy and the stock market can thrive even if inflation doesn’t fall to 2%.
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Canadian seniors are wealthier than ever. Do seniors’ discounts still make
Cost of Living9:09Is it time to retire the seniors' discount?Whether she's attending a chamber performance or playing in one, cellist and teacher Laura Backstrom says one thing is pretty consistent — the audience "looks like a sea of…
Why Arm’s stock just got a downgrade after its big rally
HSBC sees Arm shares trading at a premium to peers after they more than doubled on the year through Friday’s close.
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CrowdStrike says 97% of its Windows sensors are back online after global
BusinessMore than 97 per cent of Windows sensors are back online, CrowdStrike's CEO George Kurtz said on Thursday, nearly a week after a software update by the cybersecurity firm triggered a global outage.Microsoft said about 8.5 million…
Fed’s next moves could seal the fate of tech stocks and small-caps
July’s FOMC meeting is on deck and could influence whether investors keep selling large growth stocks to buy small-cap stocks.
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Walmart Canada raises hourly store wages for roughly 40,000 workers
Walmart Canada said on Thursday it invested $53 million to increase hourly wages for about 40,000 of its store associates earlier this month.The move comes at a time when Walmart has been increasing investments over the last few months…