Is the U.S. stock market in a bubble? It depends on who you ask
The unprecedented growth in big tech stocks means the U.S. now dominates global markets. U.S.-listed companies made up more than half of the world’s stock market value in 2024 and 70 per cent of the ...
US rejects Venezuelan President Maduro's reelection, but keeps financial lifeline for his government
Maduro’s promised election was neither fair nor free, and the longtime president was sworn in this month for a third six-year term despite credible evidence that his opponent got more votes. Yet, the ...
Bank of Japan Is Set to Raise Interest Rates, Trump Permitting
(Bloomberg) — Bank of Japan Governor Kazuo Ueda will size up the need to raise interest rates on Friday amid heightened expectations of a hike — and barring a market shock triggered by Donald Trump’s ...
BMO, National Bank, TD, CIBC follow U.S. banks to quit global climate alliance
The lenders join several big banks in the United States, such as JPMorgan Chase & Co., Morgan Stanley, Bank of America Corp., Citigroup Inc., Wells Fargo & Co. and Goldman Sachs Group Inc., that have ...
How TikTok grew from an app for teens into a potential national security threat
Starting in 2017, when the Chinese social video app merged with its competitor Musical.ly, TikTok has grown from a niche teen ...
FTC raises antitrust concerns about Microsoft-OpenAI partnership
Microsoft Corp.’s US$13 billion investment in OpenAI raises concerns that the tech giant could extend its dominance in cloud ...
Canada 'will not hesitate’ to hit U.S. with billions in tariffs
Goods worth $3.6 billion cross the Canada-U. S. border every day. A Canadian Chamber of Commerce analysis said 25 per cent tariffs could shrink Canada’s gross domestic product by 2.6 per cent and ...
U.S. Federal Reserve withdraws from global climate coalition
The United States Federal Reserve has withdrawn from the Network of Central Banks and Supervisors for Greening the Financial ...
SpaceX Starship explosion triggers FAA investigation
The FAA will work with SpaceX as it identifies what went wrong and what steps it must take to fix it. As in previous probes triggered by SpaceX’s botched launches, the company leads the investigation ...
Alberta Energy Regulator lays nine charges against Imperial Oil for 2023 spill
FORT MCMURRAY, Alta. — The Alberta Energy Regulator has laid nine charges against Imperial Oil Ltd. almost two years after an estimated 5.3 million litres of toxic wastewater spilled from a pond at ...
Bank of Canada promises better communication around quantitative easing, if used again
In a report following its review of actions taken in response to the pandemic, the Bank of Canada committed to using an exit ...
Mexico and EU revamp trade agreement days before Trump takes office with threat of tariffs
MEXICO CITY (AP) — Mexico and the European Union on Friday announced a revamped trade agreement that they said would substantially increase trade and investment, days before the inauguration of U.S.