ADVFN US – Market Content Editor
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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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Wells Fargo Signals Workforce Reductions in 2026, Warns of Higher Severance Costs
Wells Fargo (NYSE:WFC) is preparing to trim its staff next year and expects to incur increased severance expenses in the fourth quarter of 2025, CEO Charlie Scharf said on Tuesday. Speaking at the Goldman Sachs Financial Services conference, Scharf outlined the bank’s emerging workforce strategy, noting that job cuts are planned for 2026. However, he…
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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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U.S. Solar Capacity Jumps 49% in Q3 as Installations Accelerate
The U.S. solar sector added 11.7 gigawatts of new capacity in the third quarter, a sharp 49% increase from the previous three months, according to a report published Tuesday by the Solar Energy Industries Association and Wood Mackenzie. Solar accounted for the majority of new electricity-generation additions this year, contributing 58% of all capacity brought…
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Oil Slips as Traders Track Ukraine Peace Efforts and Await Fed Decision
Crude prices ticked lower on Tuesday, adding to the sharp 2% decline seen at the start of the week, as markets weighed renewed peace discussions over Russia’s war in Ukraine, concerns about abundant supply, and the approaching U.S. interest rate decision. By 0717 GMT, Brent crude futures dipped 7 cents, or 0.1%, to $62.42 a…
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Gold Holds Steady as Traders Await Fed Decision; Silver Trades Close to Record Peaks
Gold prices were little changed during Asian trading on Tuesday, with investors adopting a cautious stance ahead of this week’s Federal Reserve meeting, where another interest rate cut is widely expected. Although gold has shown some softness in early December, the metal remains supported by a four-month streak of strong gains driven by optimism over…
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Dollar Steadies Ahead of Fed Decision as Euro Firms and Aussie Advances
The U.S. dollar showed little movement on Tuesday as traders awaited the final Federal Reserve meeting of the year, while the Australian dollar strengthened after a more hawkish tone from the Reserve Bank of Australia. At 04:00 ET (09:00 GMT), the Dollar Index — which tracks the greenback against a basket of six major currencies…