A pair of traders work in their booth on the floor of the New York Stock Exchange, Thursday, Nov. 7, 2024. U.S. stocks are drifting Tuesday as some momentum comes out of the torrid "Trump trade" that swept Wall Street following Donald Trump's presidential victory.
Helping to offset such losses was Live Nation Entertainment, which joined the lengthening list of U.S. companies delivering stronger profit for the summer than analysts expected. The company behind Ticketmaster said concert fans around the world are spending more to hear artists, and it said trends are already encouraging for 2025 stadium tours for Coldplay and others. Its stock rose 3.5 per cent.
In the crypto market, bitcoin soared to another record before pulling back. Trump has embraced cryptocurrencies generally and pledged to make his country the crypto capital of the world. Bitcoin got as high as US$89,995, according to CoinDesk, before dropping back toward US$86,000. It started the year below US$43,000.
In stock markets abroad, indexes fell across much of Europe and Asia. Hong Kong's Hang Seng dropped 2.8% for one of the worst falls. The Hang Seng closed below the 20,000 level for the first time since China announced a stimulus package in September.Labour Minister Steven MacKinnon says he is intervening to end the work stoppages at ports in both British Columbia and Montreal.'He begged me': Brampton, Ont.
Toy giant Mattel says it 'deeply' regrets an error on the packaging of its 'Wicked' movie-themed dolls, which mistakenly links toy buyers to a pornographic website.Shopify Inc. reported US$828 million in net income for its third quarter, up from US$718 million in the same quarter last year, as its revenue rose 26 per cent.
A New Brunswick fashion designer recently won the top prize at a national event for a dress she made using an unconventional material.Dr. Ronald Weiss, who performed nearly 60,000 vasectomies on Ottawa men, establishing him as the "Wayne Gretzky" of the procedure, has died.A congestion crisis, a traffic nightmare, or unrelenting gridlock -- whatever you call it, most agree that Toronto has a congestion problem.
If you're a fan of Christmas lights and holiday celebrations, there are lots of events in Calgary to take in.The principal of an Ottawa high school is apologizing to students, parents and guardians after an Arabic-language song was played during the school's Remembrance Day service.Ottawa police investigating threat made to Notre Dame High SchoolLabour Minister Steven MacKinnon says he is intervening to end the work stoppages at ports in both British Columbia and Montreal.
A weeklong closure of Portage Avenue East is set to begin Tuesday to allow for pre-construction traffic signal work at Portage and Main.Four teenagers arrested after woman attacked, robbed: Winnipeg policeCanadian Union of Postal Workers issues 72-hour strike notice to Canada PostFire crews reported that no one was hurt after flames broke out in a home on Robinson Street in central Regina.
Changes proposed to the city’s Special Events By-law would allow outdoor concerts and music festivals to play later – but not louder.Fire at recycling facility in Barrie2 charged with impaired driving after collisions in Tecumseh and LeamingtonPolice in Chatham-Kent are hoping the public can help identify some people caught on surveillance following the theft of a vehicle. Around 5:05 p.m. on Nov. 5, police were called to a report of a stolen vehicle in Thamesville.B.C.
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