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Canadian bank stocks face rate hike uncertainty
Canadian bank stocks have historically struggled during periods of rising interest rates, but some analysts believe a potential Bank of Canada rate hike before the end of the year could have a different impact this time as Canada pushes to expand key
Meta options surge on AI excitement
Options traders are increasingly positioning Meta as a major player in the consumer artificial intelligence market, with heavy trading activity following the company’s latest AI developments. Meta options trading volume was about 4.5 times higher than its 30-day average on Monday, with
SpaceX wins $946 million NASA crew contract
SpaceX has expanded its partnership with NASA, securing an additional three crewed Dragon missions to the International Space Station through 2030. The agreement could generate up to $946 million for Elon Musk’s aerospace company upon completion. The new flight support award brings
Stocks Rebound as Oil Prices and Yields Ease
U.S. stocks posted their strongest performance in six weeks on Thursday as declining oil prices and lower Treasury yields helped investors recover from the previous day’s market pressure. The S&P 500 climbed 1.1%, marking only its second gain in the past nine
Phil Knight Donates $1.1B to Healthcare
Nike co-founder Phil Knight and his wife, Penny, are donating $1.1 billion to Providence St. Vincent Medical Center in Oregon and the Providence Heart Institute, marking one of the largest gifts ever made to an American healthcare institution. The donation follows another
China Inflation Rebounds as Demand Remains Weak
China’s inflation indicators improved in August, supported by higher global commodity prices and strong demand for high-tech products, but economists warned that the rebound does not reflect a meaningful recovery in domestic consumption. The producer price index (PPI) increased 3.8% year over
U.S. and Canada Escalate Trade Tensions
The U.S. and Canada have intensified their trade dispute after new retaliatory measures took effect, adding pressure on the Canadian dollar as investors assess the economic impact of tariffs, higher oil prices, and rising inflation risks. The United States introduced import bans
Apple expected to unveil first foldable iPhone
Apple’s annual fall product event is expected to introduce the company’s first foldable iPhone while marking the first major product showcase under new CEO John Ternus, who succeeded Tim Cook on September 1. The event, titled “Surprise and Shine,” will take place