FILE – The New York Stock Exchange is shown in New York’s Financial District on Dec. 23, 2024. (AP Photo/Peter Morgan, File) By STAN CHOE AP Business Writer NEW YORK Wall Street edged back from its all-time high on Friday, as U.S. stock indexes drifted following mixed profit reports from big companies. The S&P 500 barely budged and slipped by less than 0.1%, a day after rallying within 0.1% of its record set last month. The Dow Jones Industrial Average dipped 165 points, or 0.4%, while the Nasdaq composite rose 0.4%. The S&P 500 still closed out its first winning week in…
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U.S. President Donald Trump’s threat to impose sweeping metals tariffs is creating worry and opportunity in can manufacturing and packaging, an industry that relies heavily on the raw materials. The 25 per cent tax on aluminum and steel coming into the United States starting March 12, and the possibility of retaliation tariffs, is expected to have cost ripples for buyers of beer, soup and everything else producers seal up in metal.“It’s just another hit that the industry can’t take,” said CJ Hélie, president of Beer Canada.“The magnitude and the timing, you know, couldn’t be worse.”While almost 90 per cent of…
Both America Walks and Transportation for America are offering simple, plug-and-play forms to contact your representatives about this issue prior to Secretary Duffy’s Feb. 18 deadline.Federal Transportation Secretary Sean Duffy is just days away from calling on Congress to make staggering cuts to sustainable modes — and advocates need to call their reps now to protect the projects they care about most, several top organizations warn.In his earlier “Woke rescission” memo, Duffy promised on Feb. 18 to “initiate all lawful actions necessary to rescind, cancel, revoke, and terminate” any federal program or directive that violates Trump’s executive orders aimed at purging…
VANCOUVER, BC, Feb. 15, 2025 (GLOBE NEWSWIRE) — Carbon Done Right Developments Inc. (“Carbon Done Right” or the “Company”) (TSXV: KLX) (FSE: Q1C), a leading provider of high-quality carbon credits sourced exclusively from afforestation and reforestation projects developed and owned by the Company, is pleased to announce its intention to upsize the non-brokered private placement that was previously announced on December 20, 2024 and amended on January 8, 2025, to raise total gross proceeds of approximately $450,000 at a price of $0.015 per share (the “Offering”). The Company has also been granted an extension on the closing of the Offering,…
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Sam Altman, left, and Elon Musk.Muhammed Selim Korkutata | Anadolu | Getty ImagesOpenAI has officially rejected Elon Musk’s proposal to buy the artificial intelligence startup’s nonprofit parent for $97.4 billion.In a short letter to Musk’s lawyer Friday, OpenAI’s attorney, William Savitt, said the OpenAI board had reviewed the proposal and determined that the billionaire’s “much-publicized ‘bid’ is in fact not a bid at all.”The “proposal, even as first presented, is not in the best interest of OAI’s mission and is rejected,” Savitt wrote to Marc Toberoff, who represents Musk. “The decision of the OAI board on this matter is unanimous.”OpenAI…
Introduction “Software is eating the world.” The venture capitalist Marc Andreessen wrote these words back in 2011. From today’s perspective, with companies like Alphabet, Microsoft, and Meta dominating the stock markets, Andreessen’s observation seems to have held up. Had BlackRock CEO Larry Fink made similar comments about exchange-traded funds (ETFs) 11 years ago, he likewise would look prescient today. But despite its phenomenal growth over the last decade, not all is well in ETF land. ETF skeptics are growing louder, their criticisms more pointed. Active managers — who are totally unbiased, by the way — believe passive investing is distorting…
By Davide Barbuscia NEW YORK (Reuters) – The Trump administration’s pledge to contain long-term U.S. Treasury yields has strengthened bond market expectations that a long-desired regulatory shift on bank leverage requirements could be finally looming. Some traders are betting regulators may soon focus on a review of the Supplementary Leverage Ratio (SLR), a rule requiring big U.S. banks to hold an extra layer of loss-absorbing capital against U.S. government debt and central bank deposits. The possible policy change would mean banks would not need to set aside as much extra money when they hold safe assets like Treasuries. This could…
Brian Chesky, co-founder and CEO of Airbnb Inc., during a news conference in Los Angeles on May 1, 2024.Eric Thayer | Bloomberg | Getty ImagesAirbnb shares surged 14.5% and notched their best day ever after the company reported stronger-than-expected fourth-quarter earnings.The stock debuted on the Nasdaq in December 2020, and its sharpest rally to this point came in February 2023. The shares are up about 23% this year.The online rental platform posted earnings of 73 cents per share on $2.48 billion in revenue. That topped analysts’ estimates of 58 cents per share in earnings and $2.42 billion in revenue, according…
SolarBank expands community solar in Skaneateles, New York, with 14.4 MW projects, driving clean energy growth in North America. Source link