Scotiabank strategists Shaun Osborne and Eric Theoret observe that the Canadian Dollar (CAD) is weighed down by weaker Oil prices linked to Iran peace hopes, even as improved risk appetite offers some support. They argue that a broadly lower US Dollar is still needed for a more constructive CAD outlook.…
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Meta CEO Mark Zuckerberg acknowledged Friday that the company has “made mistakes” as it undergoes a sweeping workforce overhaul tied to its aggressive push into artificial intelligence (AI). Zuckerberg made the remarks in an internal memo to employees, according to Reuters, which reported that the Meta chief warned of challenges associated with the rapid development of AI technology.Meta has poured billions of dollars into AI infrastructure and tools as it competes with OpenAI, Google and…
Ford announced a recall covering more than a quarter million Ford Focus vehicles over an…
Deutsche Bank’s Sanjay Raja says the UK economy is tracking close to the Bank of…
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This as-told-to essay is based on a conversation with Maurice Edu, analyst with Major League Soccer on Apple TV. It has been edited for length and clarity.When I was growing up in California’s inland empire, I was constantly playing soccer with my four siblings. I’d narrate the games: “Mo shoots,…
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Nicotine usage among Americans has taken a new form as traditional tobacco usage has reached record lows. Nicotine pouches, an alternative to traditional chewing tobacco, have seen explosive growth. A study by Monitoring Tobacco Product Use showed that U.S. monthly dollar sales of pouches surged 250.8% from January 2023 ($145.5…
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David Ellison’s Paramount Skydance just got the official green light to buy Warner Bros. Discovery from President Donald Trump’s Department of Justice.The US government signed off on Paramount’s $111 billion mega-deal on Friday, removing a major obstacle for Ellison’s media company as it tries to build a Hollywood superpower. However,…
