Category: Top Story
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Microsoft Unveils Over C$7.5 Billion Investment to Boost Cloud and AI Capacity in Canada
Microsoft (NASDAQ:MSFT) said Tuesday it will commit more than C$7.5 billion ($5.42 billion) to Canada over the next two years as part of a major push to expand the company’s cloud and artificial intelligence infrastructure in the country. The planned investment will significantly broaden Microsoft’s cloud and AI footprint nationwide, reinforcing the tech giant’s position…
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Campbell’s Tops Revenue Expectations as Shoppers Stick With Packaged Foods
Campbell’s Co. (NASDAQ:CPB) reported stronger-than-expected first-quarter sales on Tuesday, buoyed by steady demand for its canned soups and convenient ready-to-eat meals. With many households choosing to cook at home rather than splurge on restaurant dining amid economic uncertainty, the company continues to benefit from consumers’ shift toward pantry staples. Lingering inflation and fluctuations tied to…
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Dow Jones, S&P, Nasdaq, Wall Street, Futures Signal a Flat Opening on Wall Street as Traders Await Fed Decision
U.S. equity futures were little changed early Tuesday, suggesting a muted start to the session as investors digest Monday’s mild retreat and brace for Wednesday’s Federal Reserve policy announcement. With the central bank widely expected to deliver another 25-basis-point rate cut, traders appear hesitant to take bold positions. What comes next for monetary policy, however,…
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Cannabix Reaches Key Regulatory Milestone as Marijuana Breath Test Device Passes FCC Emissions Testing
Cannabix Technologies Inc. (CSE:BLO) (USOTC:BLOZF) has taken a significant step toward commercialization of its marijuana breath testing technology after its handheld Breath Collection Unit (BCU) successfully passed electronic emissions testing required by U.S. and Canadian regulators. The milestone brings the company closer to launching its Marijuana Breath Test (MBT) system in North American markets. The…
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Home Depot Maintains 2025 Forecast, Shares Early Expectations for 2026
Home Depot Inc. (NYSE:HD) reiterated its fiscal 2025 outlook and offered initial guidance for fiscal 2026 during its investor conference on Tuesday. For 2025, the retailer continues to anticipate roughly 3% growth in total sales, with comparable sales turning slightly positive on a comparable 52-week basis. The company still expects a fiscal 2025 gross margin…
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Dow Jones, S&P, Nasdaq, Wall Street Futures, Fed Meeting Begins; Paramount Escalates WBD Battle: Here’s What’s Moving Markets
U.S. equity futures were pointing modestly higher early Tuesday as traders braced for what could be a highly debated Federal Reserve decision on Wednesday. Markets were also digesting a dramatic new twist in the bidding war for Warner Bros Discovery (NASDAQ:WBD), fresh policy news affecting Nvidia (NASDAQ:NVDA), and another small pullback in Bitcoin (COIN:BTCUSD). Futures…
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Ford Looks to Renault to Reinforce Its European Operations as Chinese Rivals Gain Ground
Ford (NYSE:F) has enlisted Renault (EU:RNO) as a strategic partner in an effort to strengthen its European business at a time when Chinese automakers are rapidly expanding their global presence. “We know we’re in a fight for our lives in our industry, and no better example than here in Europe,” Ford Chief Executive Officer Jim…
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EU Opens Antitrust Investigation into Google’s AI Practices
The European Union has initiated a formal antitrust probe into Alphabet’s (NASDAQ:GOOG) Google, examining whether the company’s conduct in the artificial intelligence space may be harming competition. In a statement released Tuesday, the European Commission said it is assessing whether Google has been imposing unfair terms on publishers and content creators, potentially restricting their ability…
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U.S. iPhone upgrade interest at its lowest level in five years, UBS survey shows
Apple (NASDAQ:AAPL) is seeing weakening iPhone purchase intent in the U.S., according to new data from UBS Evidence Lab, even as interest in China unexpectedly improved. The survey, which gathered responses from more than 7,500 smartphone users across five major markets, found that 12-month U.S. iPhone purchase intent slid by roughly 400 basis points to…
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Chipotle gains after approving $1.8 billion in additional share buybacks
Chipotle Mexican Grill (NYSE:CMG) climbed 2.5% on Monday after disclosing that its Board of Directors approved another $1.8 billion for share repurchases. According to the company’s SEC filing, the authorization—approved on December 4—brings Chipotle’s total remaining buyback capacity to roughly $1.85 billion as of December 5. The move signals a shift in Chipotle’s capital-return strategy.…