After rising 2.3% in January, Canada’s Consumer Price Index (CPI) increased 1.8% year over year in February, pointing to easing price pressures. The slowdown in annual inflation largely reflects base-year effects. According to Statistics Canada, the main factor behind the lower headline CPI was price increases recorded in February 2025, when the GST/HST tax holiday
Shares of Meta Platforms rose more than 3% on Monday after a Reuters report that the social media giant may consider cutting more than 20% of its workforce as it ramps up spending on artificial intelligence infrastructure. The company, however, dismissed the claims, saying the reports were speculative and not reflective of confirmed plans. According
After trading rangebound between $65,000 – $70,000 over the past weeks, Bitcoin price momentum returned on Friday as macro pressures cooled. Broader market sentiment has improved from levels seen earlier in the month, and the total crypto market cap has also stabilised above the $2.5 trillion mark after falling sharply from over $3.3 trillion in
Ulta Beauty (NASDAQ: ULTA) is being punished this morning after the cosmetics retailer posted a profit miss and issued “conservative” guidance for the full year. Investors bailed on ULTA also because its operating margin contracted by a significant 220 bps in the fourth quarter. Still, there’s reason to believe that Ulta Beauty stock remains well-positioned
Advanced Micro Devices (NASDAQ: AMD) plunged by nearly 2% in Friday afternoon trading, extending a shaky stretch for semiconductor names amid a cautious sentiment. Even though the broader indices remained steady today, the investors are weighing oil prices, geopolitical tension and renewed concerns about AI chip exports. Friday’s pullback in AMD stock added to Thursday’s
BigBear.ai Holdings (NYSE: BBAI) stock plunged nearly 3% on Friday and is trading around $3.95 at press time. The stock sliced through its intraday support at $4.00, on blistering volume that dwarfed its three-month average by nearly 70%. The drop left shares nursing losses from a brief post-earnings surge earlier this week, as investors digested
US stocks closed red on Friday, despite showing some recovery and optimism after the opening bell. The benchmark S&P 500 index slipped 0.61%, leaving it about 5% below its most recent peak. Meanwhile, the Nasdaq Composite fell 0.93%, and the Dow Jones Industrial Average dropped 119 points, or 0.25%. Rising oil prices tied to geopolitical
Microsoft’s quality rating reached a new high this week, even as the stock’s price momentum remains weak. At the same time, the company is moving to secure major artificial intelligence infrastructure in Abilene, Texas, as part of a broader effort to expand Azure AI capacity. The quality score rose week over week from 89.96, while
Artificial intelligence is increasingly shaping how modern wars are fought. In recent US military operations linked to the conflict involving Iran, Washington said it struck more than 2,000 targets in just four days. That pace would have been difficult to sustain in earlier conflicts, when military intelligence had to be reviewed manually across multiple command
The war with Iran has already shaken oil markets, but the latest US strike on Kharg Island reveals something deeper about how this conflict may unfold. The island is not just another military target in the Persian Gulf. It is the point where Iran’s economy connects to the global oil system. Washington hit military installations