Business
Apple revenue, profits beat expectations on iPhone, Mac sales
Apple surpassed Wall Street revenue and profit expectations in its fiscal third quarter, fueled by strong iPhone and Mac demand.
WestJet issues lockout notice as flight attendants serve strike warning
WestJet has issued a lockout notice after CUPE served a 72-hour strike warning, placing summer travel plans in jeopardy amid a dispute over ground duty pay.
Microsoft jumps 15% on upbeat forecast, drives Wall Street higher
Microsoft's share price surged more than 15% on Thursday, adding roughly $450 billion in market value following an upbeat sales and cloud forecast.
IG Wealth Management’s Portage Avenue building to be sold
IG Wealth Management is listing its longtime Winnipeg headquarters for sale this fall as the firm prepares to relocate 1,100 employees to a modern downtown office space.
Shell profits double to nearly $10bn on jump in oil and gas prices
Shell's net profits more than doubled to nearly $10bn, driven by surging wholesale energy prices amid ongoing conflict in the Middle East.
Bank of England holds rates at 3.75% as split vote signals hawkish tilt
The Bank of England kept interest rates at 3.75% following a tighter 6-3 vote, as policymakers warn that ongoing energy price volatility could keep inflation elevated.
Federal Reserve holds interest rates steady in split 9-3 vote
The Federal Reserve extended its policy pause, keeping interest rates steady in a rare split 9-3 vote amid persistent inflation and rising energy costs.
Starbucks Q3 2026: Comparable Store Sales Rise 7.9%, Net Revenue Down 1%
Starbucks reported Q3 2026 comparable sales up 7.9% globally and net revenue down 1% to $9.3B, with earnings per share at $0.65 and a price target of $106.45.
Cognizant Reports Second Quarter 2026 Results
Cognizant announced its Q2 2026 financial results, posting $5.5 billion in revenue and detailing operational metrics, capital allocation, and partnerships.
Meta CEO Mark Zuckerberg says US should not ban Chinese AI models
Meta CEO Mark Zuckerberg has argued against banning Chinese artificial intelligence models, clashing with officials and rivals over how the US should maintain its tech edge.
Trump admin bans new Chinese humanoid robots and power inverters
The Federal Communications Commission has introduced restrictions blocking new imports of unreleased Chinese humanoid robots and connected power inverters, citing national security and cybersecurity risks.
Samsung and SK Hynix tumble on AI, China chip fears
South Korean memory-chip giants Samsung and SK Hynix suffered steep stock declines amid mounting fears over AI infrastructure spending and Chinese competition.
Apple briefly tops US$5 trillion market value for first time
Apple briefly crossed a market capitalization of $5 trillion for the first time during intraday trading, making it the second company in history to reach the milestone.
Nasdaq-100 slides into correction as global chip and memory stocks sell off
The Nasdaq-100 index slid into correction territory following a severe global sell-off in semiconductor and memory stocks driven by AI infrastructure spending concerns.
Johnson & Johnson offers $5.5bn to settle US baby powder lawsuits
Johnson & Johnson has proposed a $5.5bn settlement to resolve tens of thousands of US lawsuits alleging its talc-based baby powder caused ovarian cancer.
Johnson & Johnson agrees $5.5bn settlement to resolve talc cancer lawsuits
Johnson & Johnson announced an estimated $5.5 billion settlement to resolve tens of thousands of lawsuits alleging its talc-based baby powder caused ovarian cancer.
Stocks drift on Wall Street and crude oil prices drop as Mideast tensions cool
Global markets reacted to a sudden shift in geopolitics as crude oil prices plummeted and Wall Street finished a choppy session with mixed results.
ASX set to fall as oil plunges and Nvidia drops 5%
Australian equities face a lower open following a sharp slip in crude oil prices and a tech sell-off that stripped Nvidia of its top market cap ranking.
Wall Street ends mixed as investors await major tech earnings
U.S. equities closed mixed with the S&P 500 staying above 7,400 while technology shares lagged as investors braced for upcoming earnings and a Federal Reserve decision.
Brookfield raises $2bn for Middle East fund backed by Saudi PIF
Brookfield Asset Management has secured $2 billion for its Brookfield Middle East Partners fund, with capital backed by Saudi Arabia's Public Investment Fund.