Futures for Canada’s main stock index tumbled on Wednesday tracking a decline in commodity prices, as investors assessed big bank earnings in Canada and awaited key inflation data from the United States.
Apple has canceled work on its electric car, a source familiar with the matter told Reuters on Tuesday, a decade after the iPhone maker kicked off the project.
TJ Maxx parent TJX Cos surpassed market expectations for fourth-quarter sales on Wednesday as budget-conscious shoppers flocked to the off-price retailer’s stores in search of holiday deals.
France had no prior knowledge of Microsoft’s partnership with tech startup Mistral AI, a finance ministry official told Reuters, denying suggestions that French lobbying for looser European AI rules had been on behalf of the U.S. tech giant.
Republican Senator Josh Hawley is introducing on Wednesday legislation to hike tariffs on Chinese vehicle imports amid growing concerns about the impact of these vehicles on U.S. car companies.
Nissan Motor aims to start a small-scale driverless ride service in Japan in about three years as part of a move to use the technology to make up for a shrinking number of taxi drivers, it said on Wednesday.
Bitcoin surged for a fifth day on Wednesday to near $60,000, buoyed by flows into new U.S. spot bitcoin exchange traded products that have driven it up nearly 40% in February, which would mark its largest monthly rally since December 2020.
National Bank of Canada reported a higher first-quarter profit on Wednesday as robust performance at its financial markets unit cushioned the hit from an increase in loan loss provisions.
China and the United States should strengthen economic and trade ties and Washington should avoid decoupling from China, Chinese Premier Li Qiang said on Wednesday, during a meeting with a visiting U.S. delegation, Chinese state radio reported.
Bumble shares slumped about 10% on Wednesday after its downbeat quarterly revenue forecast underscored the need for a revamp of the dating-app experience to attract newer generations seeking companionship.
