Global markets slip as Fed prospects loom and AI fuels fear
Global stocks retreat with Korea's Kospi down 8 percent and bitcoin dropping below 54,000 as traders weigh an emergency Fed rate cut. U.S. benchmarks sink with the S P 500, Dow and Nasdaq all lower while Big Tech bears the brunt amid tempered earnings and AI hype.
MENTIONED IN THIS ARTICLE
South Korea
Federal Reserve
Treasury
Fed
Brian Jacobsen
Annex Wealth Management
Goldman Sachs
David Merkle
Wall Street
JJ Kinahan
IG North America
Bank of Japan
Japan
Judge rules Google used monopoly power to crush rivals
U S District Judge Amit Mehta finds Google dominant in general search with an 89.2 percent market share and 94.9 percent on mobile, concluding the company maintained a monopoly. The ruling follows a lengthy antitrust trial with DOJ and could reshape Big Tech regulation. Google plans to appeal as Merrick Garland hails the decision as a win for American consumers.
MENTIONED IN THIS ARTICLE
Washington
Google
U.S
Amit Mehta
U.S. Justice Department
Microsoft
Apple
Mehta
Alphabet Inc
BOND
Kent Walker
Global Affairs
Walker
Cates
Justice Department
Donald Trump
Big Tech
Joe Biden
Merrick Garland
Minister, railroads, union face pressure over delays
Federal labour minister Steven MacKinnon met with CN, CPEC, and Teamsters Canada Rail Conference leaders to discuss economy and supply chains as talks stall. The parties fault each other for communication gaps while crew scheduling fatigue and safety remain sticking points, with no binding arbitration agreed.
MENTIONED IN THIS ARTICLE
O’regan
Steven MacKinnon
Teamsters Canada Rail Conference Union
MacKinnon
CPEC
Teamsters
Christopher Monette
Railways face bargaining impasse amid looming strikes
CN and the union clash over three options while government action to the labour board adds uncertainty. CEO Keith Creel warns a strike could hit later this month, with spillover into earnings. Industry leaders cite ongoing disruption from dockworkers and seaway blocks, warning of a fragile supply chain shaping grain and consumer shipments.
MENTIONED IN THIS ARTICLE
Jonathan Abecassis
Labour Board
Abecassis
CPEC
Keith Creel
Wade Sobkowich
Western Grain Elevator Association
B.C
St. Lawrence Seaway
Canadian Pacific
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Nvidia
Tesla
Alphabet
Warren Buffett
Berkshire Hathaway
Ihe
Vincent Napolitano
New York Stock Exchange
THE
Associated Press
Union
Montreal
Business TV
Charles Alt Barkley
CNBC
CNN
CPAC
Erin Burnett Anderson Cooper
Kaitlan Collins
Cable
Cchannel
Eee
Headline News
Canada
Travis Dhanraj
the National
Marijuana Palace
Machar
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