– Lack of tariffs improves risk sentiment. – Global equities grind higher. – USD slides on profit-taking. USDCAD: open 1.4320, overnight range 1.4301-1.4354, close 1.4325, WTI $76.36, Gold, $2760.21 The Canadian dollar has stepped back from the brink and is continuing to flirt with its long term downtrend line. The Loonies gains are solely due…
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Intellia Therapeutics, Inc. (NASDAQ:NTLA) shares acquire momentum first thing Wednesday. The Cambridge, Mass.-based Intellia, a leading clinical-stage gene editing company focused on revolutionizing medicine with CRISPR-based therapies, today announced the first patient has been dosed in the global Phase 3 study of NTLA-2002 for the treatment of hereditary angioedema (HAE). NTLA-2002 is a…
Microsoft (MSFT) is no longer the exclusive cloud partner of artificial intelligence (A.I.) start-up company OpenAI. Microsoft has lost its role as the only provider of cloud computing capacity even though it is the largest investor in OpenAI, having allocated $13 billion U.S. to the privately held start-up. In a blog post,…
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Streaming giant Netflix (NFLX) added a record 18.9 million new subscribers during the fourth quarter of 2024. The record subscriptions pushed Netflix’s total number of paid memberships worldwide to 301.63 million. That exceeds the 290.90 million subscribers that was expected on Wall Street. The subscription numbers were included in the California-based company’s Q4…
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Oil prices made their way higher on Wednesday as the U.S. dollar weakened, with traders closely watching national inventories, President Donald Trump’s proposed tariffs and the potential impact of the national energy emergency he declared on his first day in office. Brent crude futures rose 43 cents, or 0.54%,…
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Canada’s main stock index opened higher on Wednesday, helped by materials shares, as investor sentiments were buoyed by strong U.S. corporate earnings despite uncertainty over trade tariffs. The TSX gained 51.95 points to begin Wednesday at 25,333.58. The Canadian dollar descended 0.18 cents at 69.55 cents U.S. U.S. President Donald Trump has vowed to impose…
Advertisment Stocks climbed on Wednesday, with the S&P 500 nearing an all-time high again, as technology shares such as Oracle and Nvidia rallied on artificial intelligence optimism, while Netflix and Procter & Gamble gained after strong quarterly results. The Dow Jones Industrials moved forward 136.76 points to begin Wednesday at 44,162.57. The…
Canada’s inflation rate declined to an annualized rate of 1.8% in December amid growing signs that the economy is slowing down. The December inflation reading is below the 2% annualized target set by the Bank of Canada and gives the central bank leeway to continue lowering interest rates to spur economic growth….
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VERSES AI’s (CBOE: VERS) (OTCQB: VRSSF) Atari 10K Challenge could mark an historic shift for artificial intelligence, allowing for more accessible and scalable development of intelligent systems with reduced data requirements and computational costs, we said just days ago. Today, the company’s preliminary results show that agents powered by GeniusTM, a toolkit for…
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Johnson & Johnson (NYSE:JNJ) shares declined sharply Wednesday, as the company, fresh off a $14.6-billion deal to buy neurological drugmaker Intra-Cellular (NASDAQ:ITCI), reported fourth-quarter sales and profit above Wall Street estimates on Wednesday, driven by strong sales of its cancer treatments. The New Jersey-based drugmaker also said it expects 2025 sales of between…
