Investing.com - Canada’s main stock exchange edged lower on Wednesday, but roared back to life when U.S. President Donald Trump’s newest tariff announcements resuscitated markets.By the 4:00 ET close, the S&P/TSX 60 index jumped by 69 points, or 5.1%.The Toronto Stock Exchange’s S&P/TSX composite index finished up 1,220 points or 5.4%, after logging a fourth consecutive day of declin ...
By Sneha S K(Reuters) -Gene sequencing equipment maker PacBio plans to cut around 120 jobs and lower expenses due to fresh tariffs and reduced funding for federal health agency National Institutes of Health (NIH), it said on Wednesday.The company plans to eliminate about "80 current positions and 40 open or planned positions across the organization," it said in an emailed statement.WHY IT’S IMPO ...
By Maggie FickLONDON (Reuters) -U.S. President Donald Trump late on Tuesday reiterated he would impose tariffs on imports of pharmaceutical products that have long been spared from past trade disputes due to the potential for harm to patients.Trump excluded them from his announcement of sweeping import tariffs last week, but in recent weeks he introduced tariffs on raw ingredients and supplies fro ...
By Aditya Soni and Juby Babu(Reuters) - The "Magnificent Seven" stocks amassed more than $1.5 trillion in market value on Wednesday after U.S. President Donald Trump paused his sweeping tariffs for 90 days, easing pressure on tech giants that had tumbled in recent sessions.The gains did not erase the $3.4 trillion in value the companies have collectively shed since their peak in late 2024, with so ...