Daily Newsroom
Follow market-moving stories, policy signals, and company developments curated by the editorial desk.
Lead story
Futures for Canada's main stock index declined Wednesday after comments from U.S. President Donald Trump and military actions by Iran renewed geopolitical tensions, causing a sharp rise in oil prices and a drop in gold.
Despite Nvidia's stock gaining only 3% year-to-date while the broader semiconductor index surged 82%, Bank of America analysts see a significant buying opportunity, citing overestimated investor concerns.
Shares of Alibaba saw a significant premarket jump on investor optimism ahead of its earnings report. In contrast, Rivian's stock fell after announcing a public share offering, and Bath & Body Works declined following a ratings downgrade.
Airbus has lowered its 20-year forecast for new passenger aircraft demand, attributing the 1% reduction to the impact of the Iran war and trade tensions on the aviation industry's post-pandemic recovery.
OpenAI is set to publicly release its most advanced AI model, GPT-5.6, on Thursday. The launch follows a delay last month prompted by U.S. government requests regarding national security.
Financial services firm Kepler Cheuvreux has upgraded Viaplay to 'buy' from 'hold', citing the strategic benefits of the streaming company's deal to sell its Dutch operations. The sale is expected to help Viaplay reduce debt and increase its focus on core Nordic markets.
France's competition authority has directed Meta Platforms to restart negotiations with French media groups concerning unpaid fees for the use of their content. The regulator found that Meta likely abused its dominant market position and has given the company 15 days to propose a payment plan.
Wolfspeed has filed a patent infringement lawsuit against Navitas Semiconductor, alleging multiple product lines violate its patents. The legal action prompted a significant decline in Navitas's stock price.
Citing increased volatility in Asia, HSBC has closed its overweight position in emerging market equities and upgraded Eurozone stocks to overweight for the second half of the year.
