Category: Business

Lumina Gold Corp. (V.LUM) hit a new 52-week high of $1.17 Monday. Lumina and CMOC Singapore Pte. Ltd., have entered into an arrangement agreement, pursuant to which CMOC will acquire all of the issued and outstanding common shares of Lumina, in exchange for $1.27 per Lumina Share in an all-cash transaction by way…

Stocks on both sides of the border suffered the fallout from U.S. President Donald Trump’s scathing denunciation of his chief banker. The lack of confidence exhibited by the White House shook markets in both countries. The TSX Composite Index came off its lows of the day Monday, but still finished negative 183.95…

Advertisment Stocks fell again on Monday as President Donald Trump ramped up his attacks on Federal Reserve Chair Jerome Powell, raising questions about the central bank’s independence, while traders received little signs of progress on global trade talks. The Dow Jones Industrials collapsed 971.82 points, or 2.5%, to 38,170.41. The S&P…

– Trump’s threat to fire Powell tanks greenback. – China Leaves benchmark rates unchanged – US dives across the board. USDCAD: open 1.3797, overnight range 1.3781-1.3851, close 1.3848, WTI 62.14 Gold 3394.83. The Canadian dollar soared in extremely thin overnight trading as most of the major trading centers were closed for Easter Monday. Those closures…

Tariffs are all that stock markets and consumers may think of. To avoid its negative impact, investors looked at Netflix’s (NFLX) strong subscription results in its last quarter. NFLX stock closed up by 5.63% last week. The firm posted $6.61 in GAAP EPS on revenue of $10.54 billion (+12.5% Y/Y). It is forecasting…

Advertisment The S&P 500 advanced on Thursday, the last trading day of the week, as traders tried to recover some of the steep losses suffered in the previous session. However, a massive drop in UnitedHealth sent the Dow Jones Industrial Average sharply lower. The 30-stock index crumbled 528.83 points, or 1.3%, to…

Energy stocks led Canada’s main stock index higher at open on Thursday, as investors took stock of U.S.-Japan trade negotiations, although sentiment remained fragile amid tariff uncertainties. The TSX Composite Index gained 107.72 points to begin the last day of a short week at 24,214.51. The Canadian dollar dipped 0.02 cents…

This past week, stock markets continued with the previous week’s rebound. By mid-week, the rally ended abruptly. The U.S. government said that Nvidia (NVDA) may not sell H20 graphics chips to China. NVDA stock fell by up to around 10% before closing down by 6.87% to $104.49. Macroeconomic conditions are also worsening. China…

The relentless tariff hikes that the U.S. is imposing on China are only one of many major headwinds. The U.S. is limiting Nvidia (NVDA) chip sales to China and stacking fees on China-built vessels of up to $3 million per U.S. port call. Temu, owned by PDD (PDD), cut its advertising in the…

The stock of Hertz Global (HTZ) rose 56% on news that activist investor Bill Ackman has taken a stake in the troubled car rental company. Bill Ackman is known for taking large positions in struggling businesses and then pushing for changes that benefit shareholders. Investors were obviously excited about the prospect of…