What happened Shares of Nvidia (NVDA 5.08%) fell in after-hours trading on Thursday, as investors responded to the chipmaker’s lower-than-expected guidance. As of 6:40 pm ET, Nvidia’s stock price was down more than 6% after rising 5% earlier in the day. So what Nvidia’s revenue soared 46% year over year to $8.29 billion in its … Read more
US stocks pushed higher at the close of a choppy session on Wednesday as investors considered a slew of company warnings on the impact of inflation to earnings alongside the Federal Reserve’s latest communications about using their policies to rein in rising prices. The Fed’s May meeting minutes reaffirmed that central bank officials saw additional … Read more
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Bank of Montreal reported a modest increase in second-quarter profit on Wednesday.Nathan Denette/The Canadian Press Top executives at two major Canadian banks predict they can keep adding new loans and increasing profits in the coming quarters, offering an optimism outlook for the financial sector that is at odds with economists’ gloomy forecasts of a downturn … Read more
The Starbucks logo and McDonald’s Golden Arches are being dismantled in Russia as the coffee and fast-food chains both withdraw from the country over the war in Ukraine. But Russians are still getting their fill of American fare like burgers and pizza, as Hard Rock Cafe and Sbarro are among the more than two dozen … Read more
TORONTO — BMO and Scotiabank both reported higher loan growth and profits in the last quarter from a year ago and said commercial and consumer demand remains strong despite growing worries about the economy. The two banks, the first to report results for the second quarter that ran until the end of April, say that … Read more
The building of the world’s largest bioreactors to produce cultivated meat has been announced, with the potential to supply tens of thousands of shops and restaurants. Experts said the move could be a “gamechanger” for the nascent industry. The US company Good Meat said the bioreactors would grow more than 13,000 tons of chicken and … Read more
Musk Twitter drama looms The Canadian Press – May 25, 2022 / 10:44 am | Story: 369896 Photo: The Canadian Press Twitter’s regularly scheduled shareholder meeting Wednesday won’t include a vote on Tesla billionaire Elon Musk’s $44 billion bid for the social platform. That vote will take place at a yet-undetermined date in the future. … Read more
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Ethereum’s co-founder Gavin Wood said cryptocurrency investors need to be more aware of what is backing their holdings after a market rout that wiped more than $800-billion off their value. “I would hope that people pay more attention to what is belying the currency name when they get involved in a community, ecosystem, economy,” Wood … Read more
Patients at three Scarborough hospitals may have had some of their personal data accessed following a cybersecurity breach but officials say the complexity of the incident is such that they have been unable to determine how many people were impacted. The Scarborough Health Network has issued a public notice regarding an incident involving unauthorized access … Read more
Breadcrumb Trail Links Executive Summary Executive Conservative voters more likely to want interest rates to drop, survey suggests Publishing date: May 25, 2022 • 6 hours ago • 6 minute read • 205 Comments A pedestrian walks by the Bank of Canada building in Ottawa. Photo by Justin Tang/Bloomberg Reviews and recommendations are unbiased and … Read more