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 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 som ...
By John KruzelWASHINGTON (Reuters) -The U.S. Supreme Court cleared the way on Wednesday for President Donald Trump to remove Democratic members of two federal labor boards for now, putting on hold a pair of judicial orders that had shielded them from dismissal.Chief Justice John Roberts, acting on behalf of the court, halted the orders by two Washington-based federal judges that blocked Trump’s ...