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Santander U.S. has completed its $12.3 billion acquisition of Webster Bank, expanding the banking giant’s presence across the United States. The transaction brings together Santander and the Connecticut-based bank in one of the largest strategic expansions for Santander’s U.S. operations. The acquisition was first announced in February and strengthens the company’s position in the American banking…
The three major U.S. stock indexes closed lower on Thursday as rising Treasury yields pressured investor sentiment, while weaker-than-expected results from retail giant Walmart raised concerns about consumer strength. Higher oil prices also added to inflation worries. Walmart shares dropped 9.2% after the world’s largest traditional retailer missed Wall Street expectations for quarterly comparable…
Canada’s household debt continued to rise in June, but the pace of growth is slowing as mortgage borrowing loses momentum following the low-rate boom. While mortgage debt remains the largest component of household borrowing, consumer credit is now expanding faster, driven by increased reliance on higher-interest borrowing. Household debt increased 0.6% to $3.29 trillion in June, representing a…
Gold futures opened lower on Wednesday, August 19, 2026, with December contracts starting at $4,391.40 per troy ounce, down 0.7% from Tuesday’s close. Prices later moved higher in early trading as the U.S. dollar and Treasury yields pulled back slightly, with gold trading at $4,479.90 per ounce as of 8:53 a.m. ET. The U.S. Dollar Index declined 0.2%, while the benchmark 10-year Treasury yield fell…
SanDisk shares jumped nearly 14% on August 13 after the company revealed a $93.9 billion customer backlog and announced plans to achieve 80% non-GAAP gross margins through fiscal 2030 during its Investor Day presentation. Chairman and CEO David Goeckeler said the milestone reflects progress from the company’s 18-month transformation plan, which aims to reposition SanDisk as a major beneficiary of…
Canada’s inflation rate increased to 3% in July, driven mainly by higher gasoline prices, while economists are closely watching whether new 50% U.S. tariffs will take effect this week and influence the future direction of the Consumer Price Index (CPI). Gasoline prices drive inflation higher According to Statistics Canada data, gasoline prices increased 25.7% year over year in July, compared with…
Gold prices recovered during Friday’s session after declining the previous day, supported by another round of softer US economic data. However, the rebound faces challenges as rising oil prices add pressure to the outlook, leaving gold at a key turning point after last week’s strong advance. Gold outlook: Softer US data supports prices The fundamental backdrop for gold has improved in recent…
Stellantis is considering the possible closure or sale of the Brampton Assembly Plant, according to Unifor, which said it received information about the company’s plans this week. The union said Stellantis has not yet provided formal written notice of closure, which is required under the current collective agreement. Unifor responds to potential plant closure Unifor national president Lana Payne…
Air Canada shares surged after the airline announced the sale of a 25% stake in its Aeroplan loyalty program to Blackstone and Canadian pension funds, strengthening its balance sheet with a $2.5 billion cash injection. Air Canada Shares Rise After Aeroplan Deal Shares of Air Canada climbed 12% on Wednesday to close at $30.61 on the Toronto Stock Exchange, reaching their highest level since early…
A new economic report warns that the collapse of the Canada-US-Mexico Agreement could result in significant job losses and economic disruption on both sides of the border. Trade Agreement Breakdown Could Impact Jobs A report prepared for the Canadian American Business Council by Oxford Economics examined three possible outcomes for ongoing Canada-US trade negotiations: maintaining current tariffs,…
US stocks moved lower as investors reacted to weakness in major technology companies and renewed uncertainty over the reopening of the Strait of Hormuz. Technology Stocks Pressure Major Indexes The S&P 500 declined 0.32% on Tuesday, closing at 7,728.20 and marking its second consecutive daily decline. The Nasdaq Composite fell 0.60% to 26,445.45, while the Dow Jones Industrial Average dropped…
US stocks edged lower from their record highs on Monday, while oil prices climbed as uncertainty remained over when the Strait of Hormuz could reopen and restore global crude shipments. The S&P 500 declined 0.1% from Friday’s record close. The Dow Jones Industrial Average fell 60 points, or 0.1%, while the Nasdaq Composite dropped 0.3%. Markets pause after strong earnings rally Stock market…
