Tech stocks surged this week as US and Canadian jobs data bolstered interest rate cut expectations. Apple (NASDAQ:AAPL) hit a new all-time high on Wednesday (December 4), closing at nearly US$244, while Super Micro Computer (NASDAQ:SMCI) hit a weekly high of US$45.21 after a clean financial audit on Tuesday (December…
The S&P/TSX Venture Composite Index (INDEXTSI:JX) fell 1.22 percent on the week to close at 610.22 on Friday (December 6). Meanwhile, the S&P/TSX Composite Index (INDEXTSI:OSPTX) posted a 0.16 percent increase to reach 25,691.8, while the CSE Composite Index (CSE:CSECOMP) dropped 2.68 percent to 137.68. The US Bureau of Labor…
US President Joe Biden directed an additional US$600 million to the Lobito Corridor project during a visit to Angola, reinforcing a commitment to enhancing critical minerals supply chains in the African region. The funding builds on the US$553 million committed earlier this year to the corridor, which connects the copper-rich…
Dollar General is testing same-day delivery to customers’ homes as the deep discounter tries to fend off fiercer competition with Walmart. On an earnings call Thursday, Dollar General CEO Todd Vasos said the retailer “soft launched” the delivery program in September. Now it offers same-day delivery at about 75 stores, he said.…
A federal judge rejected Boeing’s plea deal tied to a criminal fraud charge stemming from fatal crashes of its 737 Max aircraft. U.S. District Judge Reed O’Connor of the U.S. District Court for the Northern District of Texas expressed concern in his decision on Thursday that a government-appointed monitor, a condition of the plea deal,…
Bitcoin’s meteoric run may have gotten a little extra push from an unlikely source: Federal Reserve Chair Jerome Powell. In comments Wednesday about the cryptocurrency, the central bank leader noted that he does not and cannot own any himself. In addition, he said the Fed’s role in regulating bitcoin and its…
The head of South Korea’s ruling party said Friday it is necessary to suspend the president’s constitutional powers and suggested the party would change its earlier opposition to President Yoon Suk Yeol’s impeachment over his declaration of martial law. The People Power Party leader Han Dong-hoon told reporters on Friday…
Declaring martial law in a stable and boisterous democracy was an audacious gamble – and one that appears to have backfired spectacularly for South Korean president Yoon Suk Yeol. Now, the former prosecutor and conservative firebrand’s political career hangs by a thread, with an impeachment motion against him underway and…
Mexico hopes to strike a deal with President-elect Donald Trump to limit the number of third-country deportees it could receive from the US, Mexican President Claudia Sheinbaum said on Thursday. A similar deal to send deportees directly to their country of origin is already in place with the current Biden…
Paraguay on Thursday kicked out a Chinese envoy for allegedly interfering in its domestic affairs and urging the South American nation to break off ties and long friendship with Taiwan. The Chinese diplomat was given 24 hours to leave the country. In a curt statement, Paraguay’s Ministry of Foreign Affairs…