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  • Business
    The Canadian Press

    Stock market today: Wall Street starts slow on Wednesday, threatening its four-day winning streak

    TOKYO — Wall Street leaned toward small losses early Wednesday, coming off a four-day winning streak that's been driven broadly by better-than-expected earnings reports from U.S. companies. Oil prices continued their recent slide and the Japanese yen weakened further against the dollar. Futures for the S&P 500 slid 0.2% before the bell, while futures for the Dow Jones Industrial Average ticked down less than 0.1%. Uber tumbled 7.4% after it surprised investors with a 32 cents-per-share loss in i

  • Business
    The Canadian Press

    FTX says most customers will get all money back, less that 2 years after catastrophic collapse

    FTX says that nearly all of its customers will receive the money back that they are owed, two years after the cryptocurrency exchange imploded, and some will get more than that. FTX said in a court filing late Tuesday that it owes about $11.2 billion to its creditors. The exchange estimates that it has between $14.5 billion and $16.3 billion to distribute to them. The filing said that after paying claims in full, the plan provides for supplemental interest payments to creditors, to the extent th

  • Business
    The Canadian Press

    Brookfield Asset Management reports Q1 profit down from year ago

    TORONTO — Brookfield Asset Management Ltd. says it earned US$102 million in its first quarter from its stake in the asset management business it owns with Brookfield Corp. The company, which owns a 25 per cent stake in the asset management business that is 75 per cent owned by Brookfield Corp., says its net income in U.S. dollars amounted to 25 cents US per diluted share. The result compared with a profit of US$125 million or 31 cents US per diluted share in the same quarter last year. The asset

  • Business
    Bloomberg

    Stock Rally Hits Wall After Earnings Disappoint: Markets Wrap

    (Bloomberg) -- US equity futures dropped as this month’s rally stalled amid a lack of catalysts. Treasury yields and the dollar rose.Most Read from BloombergTrump Judge Indefinitely Postpones Documents Case TrialOne Out of Every 24 New York City Residents Is Now a MillionaireAmericans Are Racking Up ‘Phantom Debt’ That Wall Street Can’t TrackTrump’s Private Life Exposed in Intimate Stormy Daniels TestimonyContracts on the tech-heavy Nasdaq 100 fell 0.5% and those on the S&P 500 also slipped. Sho