(Reuters) -Canada's stock market rose to a record high on Wednesday, led by gains for the utilities and consumer-related sectors, as long-term borrowing costs fell and investors grew less anxious about the prospect of sweeping U.S. tariffs on imports from Canada. The Toronto Stock Exchange's S&P/TSX composite index ended up 83.16 points, or 0.3%, at 25,488.30, eclipsing the record closing high it posted on Friday. Investors have "had a day to think about the tariff situation and maybe it's not as bad as they originally thought," said Michael Sprung, president of Sprung Investment Management.
Bank of America’s guide on how to handle awkward economy and politics chat over Thanksgiving dinner
Bank of America has put together a guide on how to talk mortgages, Trump and the deficit this Thanksgiving.
Walmart and Delta stock are both hitting all-time highs—and their CEOs have relied on a surprisingly similar strategy
Investing aggressively is now paying dividends for two Fortune 500 titans.
RBA’s Bullock Says Inflation Too High to Consider Rate Cuts
(Bloomberg) -- Australia’s core inflation is “too high” to consider interest-rate cuts in the near term, Reserve Bank Governor Michele Bullock said, reiterating that there’s still some way to go before prices return sustainably to target.Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier Seas“The word ‘sustainably’ is important because it recognizes that we
Two historic London food markets, hundreds of years old, to permanently close
The Smithfield and Billingsgate markets have a long history in the city of London, and date back nearly 900 years. They will permanently close in the coming years.
Hong Kong offers grants to boost tokenised bond issuance in goal to become crypto hub
The Hong Kong Monetary Authority (HKMA) will subsidise some companies in issuing tokenised bonds in the local market, as the city forges ahead in incorporating blockchain in the financial services sector amid a push to become a virtual-asset hub. The city's de facto central bank has launched a three-year grant scheme that will hand out up to HK$2.5 million (US$321,000) in subsidies per issuance to qualified tokenised-bond issuers, for a maximum of two issuances, the HKMA said on Thursday. Tokeni
Better Buy: Dogecoin, Shiba Inu, or Bitcoin?
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Spanish Inflation Jumps to Most Since August on Base Effects
(Bloomberg) -- Spanish inflation quickened to the fastest pace since August, though the acceleration was driven by base effects and is unlikely to scupper plans for the European Central Bank to continue lowering interest rates.Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasConsumer prices advanced 2.4% from a year ago in November, according to natio
Pony AI fetches $5.25 billion valuation as shares jump 15% in Nasdaq debut
The IPO comes after nearly two years of uncertainty sparked by Didi Global's delisting, which was followed by a long-standing audit dispute between Beijing and the U.S. that was eventually resolved in December 2022. Pony AI Chief Executive Officer James Peng said President-elect Donald Trump's return to the White House did not influence the timing of the listing. However, the company faces other challenges, including public skepticism about autonomous vehicles, data privacy concerns, and competition from companies, including Elon Musk's Tesla, which has promised to roll out driverless ride-hailing services to the public in California and Texas next year.