News

Microsoft Touts EU Data Center Expansion, Pledges to Protect European Operations — 2nd Update
The U.S. technology giant said Wednesday that it plans to increase its data-center capacity within the EU over the next two years, with a view to having cloud operations in more than 200 data centers ...
Canada GDP Ticks Up After 0.2% Decline in February — Update
The estimate of modest growth in March comes after GDP declined 0.2% month-over-month in February to 2.287 trillion Canadian dollars, the equivalent of $1.653 trillion. That was weaker than the flat ...
Hiring Creaks as Employers' Concerns Mount
"Unease is the word of the day," said Nela Richardson, ADP's chief economist. Employers are faced with uncertainty around government policy and worsening consumer confidence, counterbalanced by signs ...
GDP shrinks for first time in 3 years as Trump tariffs trigger record trade deficit
The U.S. economy contracted in the first quarter of 2025 for the first time in three years, reflecting a surge in imports ahead of President Trump's tariffs and a slowdown in consumer spending.
OPEC+ crashed oil prices by hiking output in April. Here's why they could do it again.
OPEC+ shocked the market earlier this month with plans to ramp up crude output, setting up oil prices for their worst monthly performance in years. Now the group of oil producers might add even more ...
Markets are dealing with a new kind of shock. The S&P 500 might not have bottomed yet, says Goldman Sachs
The S&P 500 SPX is looking at a 0.9% drop for April, which is an improvement on a 5.7% March drop, thanks to calm seen in the latter half of the month. Nonetheless, many investors and Wall Street ...
Novartis to Acquire MicroRNA-Technology Specialist Regulus for Up to $1.7 Billion
Novartis is set to buy U.S. biotech Regulus Therapeutics for up to $1.7 billion in a move to boost its renal-disease pipeline. The Swiss pharma giant said Wednesday that it would pay Regulus ...
U.S. businesses pull back from hiring due to unease about outlook, ADP says
"Unease is the word of the day. Employers are trying to reconcile policy and consumer uncertainty with a run of mostly positive economic data," said Nela Richardson, chief economist at ADP. "It can be ...
KOSPI Composite Index Rises 3.04% This Month to 2556.61 — Data Talk
The KOSPI Composite Index is up 75.49 points or 3.04% this month to 2556.61 --Largest one-month point and percentage gain since Jan. 2025 --Today it is down 8.81 points or 0.34% --Largest one-day ...
Credit Agricole Is a Unique, Diversified Bank With Limited Gearing to Interest Rates
Interests of minority shareholders in Credit Agricole S.A. could be subservient to its ultimate parent, the Credit Agricole regional banks, and its members. The most valuable part of the Credit ...
Caterpillar says tariffs could lead to up to $350 million in short-term costs
Caterpillar Inc.'s stock rose 2% in premarket trading on Wednesday after the earth-moving-equipment maker lifted its 2025 revenue outlook excluding tariffs, but said it is expecting up to $350 million ...
If you love gold at near-record-high prices, why not wear it?
Rather than dampening interest, the higher price points for gold have "highlighted the appeal of owning jewelry that offers both aesthetic pleasure and material worth," Love said. Customers have ...