U.S. chemical giant Dow Inc. (DOW) has paused construction of a $9 billion U.S. net-zero petrochemical project north of Edmonton, Alberta, citing weak market conditions. Formerly known as the “Dow Chemical Company,” the Michigan-based concern is one of the three largest chemical producers in the world. It previously committed to build the “Path2Zero … Read more
British retailer giant Marks & Spencer (M&S) has suspended online orders while working to recover from a recently disclosed cyberattack. The multinational retailer operates over 1,400 stores, employs 64,000 employees globally, and sells various products, including clothing, food, and home goods. M&S, which reported revenues of £13 billion for FY24, is listed on the London … Read more
– BoC left rates unchanged, and Loonie rallied – Fed Chair Powell fears higher inflation. – US trading defensively in narrow ranges USDCAD: open 1.3892, overnight range 1.3855-1.3897, close 1.3858, WTI 63.16, Gold 3321.41 The Canadian dollar has had a topsy-turvy 24 hours and opened today about 100 bps higher than yesterday. That is because … Read more
Equities in Toronto opened lower on Thursday, with energy stocks leading the losses, after the previous session’s rally spurred by U.S. President Donald Trump’s temporary tariff relief. The TSX Composite Index flopped 676.13 points, or 2.9%, Thursday at 23,050.90. The Canadian dollar gained 0.33 cents to 71.22 cents U.S. Meanwhile, shares … Read more
Since re-entering office, President Trump has issued a flurry of tariffs in an effort to rewire the global economy. At 12:01 a.m. Eastern time on Wednesday, his most aggressive moves yet took effect, imposing double-digit rates on dozens of countries. About 13 hours later, he said he would halt implementation of those tariffs for the … Read more
Asian markets have reacted positively after Donald Trump paused his so-called “reciprocal” tariffs on most of America’s trading partners for 90 days, despite the US president increasing those on China to 125%. There have been fears of a global recession and stock markets around the world had plummeted after Mr Trump announced his “Liberation Day” … Read more
Consumer electronics brand Framework today on X that it will temporarily suspend US sales of select laptop models as a result of the global tariffs enacted for the country last week. The company said it will remove the Ultra 5 125H and Ryzen 5 7640U versions of its systems from its website. At the time … Read more
UK-based Jaguar Land Rover says it’s pausing shipments to the US after President Donald Trump imposed a 25 percent tariff on passenger vehicles and other auto imports. The pause will be in effect this month, the reports. While the full impact of the tariffs remains to be seen, the move could ultimately drive up the … Read more
A few days ago, it was reported major Hollywood studios were monetizing fake movie trailers that use generative AI. Seeing this, YouTube’s now decided to cut that off and paused a pair of channels best known for those trailers. Per Deadline, which initially reported on this, YouTube’s turned off the ad revenue for Screen Culture … Read more
Russian strikes on Ukraine killed at least 20 people, officials said Saturday, as heavy aerial attacks continued after the U.S. stopped sharing satellite images with Ukraine. The decision to withhold intelligence and military aid came on the heels of a tempestuous White House visit last week by Ukrainian President Volodymyr Zelenskyy. Without U.S. satellite imagery, … Read more