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Saudi oil giant Aramco reports $30B in profits, down nearly 40% from last year due to lower prices

Saudi oil giant Aramco reports $30B in profits, down nearly 40% from last year due to lower prices

DUBAI, United Arab Emirates (AP) — Saudi state-run oil giant Aramco on Monday reported $30 billion in second quarter profit, a nearly 40% decline from the same period the previous year that it attributed to lower oil prices.
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Trucking giant Yellow Corp. declares bankruptcy after years of financial struggles

Trucking giant Yellow Corp. declares bankruptcy after years of financial struggles

NEW YORK (AP) — Trucking company Yellow Corp. has declared bankruptcy after years of financial struggles and growing debt, marking a significant shift for the U.S. transportation industry and shippers nationwide.
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How you walk could shape the future of biometrics: experts

How you walk could shape the future of biometrics: experts

Canadians have been unlocking iPhones with their fingerprint since 2013 and are sometimes exposed to facial recognition software before boarding planes, but when it comes to biometric technology, Erik Scheme and Mayssa Rekik are one step ahead.
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Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week.
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Thousands overwhelm New York's Union Square for streamer giveaway, tossing chairs and pounding cars

Thousands overwhelm New York's Union Square for streamer giveaway, tossing chairs and pounding cars

NEW YORK (AP) — A crowd of thousands that packed Manhattan's Union Square for a popular livestreamer's hyped giveaway got out of hand Friday afternoon, with some clambering on vehicles, hurling chairs and throwing punches, leaving police struggling t
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Extreme weather risk changing Canada's insurance industry, raising costs

Extreme weather risk changing Canada's insurance industry, raising costs

OTTAWA — Climate change is driving up insurance rates and raising questions about whether private coverage will even be available for some Canadians in the future.
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Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (20,236.04, up 115.30): Enbridge Inc. (TSX:ENB). Energy. Up one cent, or 0.02 per cent, to $48.08 on 10.3 million shares.
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S&P/TSX composite index up more than 100 points, U.S. markets fall

S&P/TSX composite index up more than 100 points, U.S. markets fall

TORONTO — Canada's main stock market rose more than 100 points to close out the week, driven by utilities, energy and financial stocks, while U.S. markets edged lower. The S&P/TSX composite index closed up 115.30 points at 20,236.04.
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Stock market today: Wall Street slips following mixed reports on US job market, Big Tech earnings

Stock market today: Wall Street slips following mixed reports on US job market, Big Tech earnings

NEW YORK (AP) — Stocks closed lower following mixed reports about the U.S. job market and profits at two of Wall Street’s most influential stocks. The S&P 500 fell 0.5% Friday, its fourth straight loss.
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Telus announces 6,000 job cuts, reports 61% drop in Q2 net income

Telus announces 6,000 job cuts, reports 61% drop in Q2 net income

Telus Corp. announced Friday it is cutting 6,000 jobs as it seeks to adapt to a "rapidly transforming industry," saying issues such as regulation and competition have prompted the need to reduce its payroll.
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