Canada's main stock index closed higher on Thursday, lifted by strong performances in the healthcare and materials sectors. The S&P/TSX Composite advanced 0.49% despite a slight dip in crude oil prices.
Amazon.com reported second-quarter cloud revenue that significantly beat analyst expectations, sending its shares higher and calming investor fears over the high cost of its artificial intelligence investments.
The electric vehicle maker reported second-quarter revenue of $1.66 billion and lifted its annual delivery guidance, citing strong initial demand for its new R2 SUV and growth in its software unit.
Amazon shares soared after a stellar earnings report highlighted accelerating AWS growth, while Apple's stock fell despite a quarterly beat due to weaker-than-expected sales in China.
Apple Inc. reported fiscal third-quarter results that surpassed Wall Street expectations, driven by robust iPhone and Mac sales. However, the company's stock fell in extended trading as its key services division fell short of revenue forecasts.
Deputy FAA Administrator Chris Rocheleau, who led the agency's response to a deadly 2025 mid-air collision, is stepping down amid ongoing safety reforms prompted by the incident.
The White House has authorized new restrictions on the export of electronic waste containing critical minerals, a move aimed at enhancing domestic recycling and countering China's dominance in strategic materials.
The U.S. agriscience company raised its adjusted earnings forecast, citing strong demand for seed traits as farmers pivot from corn to soybeans amid rising input costs.
Finnish stainless steel producer Outokumpu reported that benefits from EU trade measures are being offset by surging costs for scrap metal, freight, and fuel, leading to stagnant year-over-year profit.
