Investing

When Mohamad Fahmi Faat’s family in Kuala Lumpur prepared only half their usual amount of food for recent Eid al-Fitr celebrations, he blamed an ongoing shortage of coconuts, a staple ingredient in many Asian cuisines.

Elon Musk’s XAI Holdings is in talks with investors to raise roughly $20 billion in funding for his newly combined artificial intelligence startup and social media business, according to people familiar with the matter.

The U.S. dollar is on pace for its worst performance during the first 100 days of a US presidency since Richard Nixon was in the White House as Donald Trump imposes tariffs and attempts to reshape global trade.

The US Securities and Exchange Commission has “ample room to maneuver” in regulating digital assets even without congressional action, Chairman Paul Atkins said Friday.

Canada’s main stock index was down nearly 100 points, weighed down by losses in the industrial, base metal and telecommunication sectors, while U.S. stock markets were mixed in late-morning trading.

The head of buyouts at Ontario’s pension fund for local government workers, Eric Haley, will retire and leave the firm at the end of the year in the latest change to the plan’s private equity business.

Record gold prices are translating into higher profits for Canadian producers and excitement about the potential for more growth, though miners remain cautious on spending.

Foreign investors have sold $63 billion of U.S. equities since the start of March, Goldman Sachs strategists estimate, noting that the data from high-frequency fund flows suggest that European investors have been driving the selling, while other regions have continued to buy U.S. stocks.

For centuries, gold has been the go-to haven asset in times of political and economic uncertainty. Its status as a reliably high-value commodity that can be transported easily and sold anywhere offers a sense of safety when everything else is in turmoil.

Harold Hamm, a shale billionaire and significant donor to President Donald Trump, said his company Continental Resources is committing to only buy oilfield equipment made in the U.S. — even if it costs more.

No matter who wins the April 28 federal election, Canadians of all political stripes will be united in the drudgery of an April 30 tax filing deadline.

Wall Street’s rally kept rolling Thursday as better-than-expected profits for U.S. companies piled up, though CEOs said they’re unsure whether it will last because of uncertainty created by U.S. President Donald Trump’s trade war.

Google parent Alphabet Inc. reported first-quarter revenue and profit that exceeded analysts’ expectations, buoyed by continued strength in its search advertising business.

Canada’s main stock index rose more than 250 points in a broad-based rally led by base metals, while U.S. stock markets also climbed to close out a third straight day of gains. 

Intel Corp., the chipmaker attempting a comeback under new Chief Executive Officer Lip-Bu Tan, gave a weak forecast for the current period and said it’s cutting workers to bring costs in line with the business’s smaller size.