Articles
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1 day ago |
castanet.net | Tara Deschamps |Lauren Krugel |Matt O'Brien |Stan Choe
U.S. chip maker Nvidia will partner with Saudi Arabia’s sovereign wealth fund-owned AI startup Humain and will ship 18,000 chips to the Middle Eastern nation to help power a new data center project. The partnership was revealed Tuesday as part of a White House trip to Saudi Arabia, Qatar and the United Arab Emirates. Saudi Arabia has been working to develop its artificial intelligence capacity and strengthen its cloud computing infrastructure with the help of foreign investment.
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1 day ago |
castanet.net | Tara Deschamps |Lauren Krugel |Matt O'Brien |Stan Choe
An Ontario court has extended Hudson’s Bay’s reprieve from the hundreds of businesses it owes money until the end of July. Judge Peter Osborne granted Canada’s oldest company permission Tuesday to extend the court's protection from creditors under the Companies' Creditors Arrangement Act to July 31 rather than ending May 15.
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1 day ago |
castanet.net | Lauren Krugel |Matt O'Brien |Stan Choe |Dee-Ann Durbin
Ottawa is weighing the proposed takeover of Calgary-based Parkland Corp. by American fuel distributor Sunoco LP at a time of fraught Canada-U. S. relations and amped-up resource nationalism. The US$9.1-billion friendly deal announced last week is subject to a review under the Investment Canada Act, which considers whether it will be a net benefit to the country and unlikely to harm national security.
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1 day ago |
castanet.net | Stan Choe |Dee-Ann Durbin |Christopher Rugaber |Jamey Keaten
U.S. stocks are drifting in mixed trading on Tuesday following a report that showed inflation unexpectedly slowed across the country last month. The S&P 500 was edging up by 0.1% in early trading, coming off a big gain to start the week after the United States and China announced a 90-day pause in their trade war to allow for negotiations. The Dow Jones Industrial Average was down 209 points, or 0.5%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.5% higher.
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1 day ago |
castanet.net | Stan Choe |Dee-Ann Durbin |Christopher Rugaber |Jamey Keaten
Inflation cooled for the third straight month in April even after some of President Donald Trump’s tariffs took effect, though economists and many businesses expect inflation will climb in the coming months. Consumer prices rose 2.3% in April from a year ago, the Labor Department said Tuesday, down from 2.4% in March and the smallest increase in more than four years.
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