No stocks will be deleted from the composite and no changes are being made to the S&P/TSX 60, a selection of most of the largest companies in the composite.
Apple has been using AI behind the scenes for years to power features on its devices, such as the ability of its watches to detect crashes and falls. But it has been reluctant to tout how this technology boosts functionality in its devices, as Microsoft has done with the help of its early bet on OpenAI.) overtook Apple as the world’s biggest company by market capitalization in January, and Apple’s shares have trailed those of other Big Tech companies this year.
The Dallas-Texas-based company’s shares have fallen nearly 4 per cent this year, compared with an about 12-per-cent rise in the S&P 500 index. “The decision will likely deprive Corus of trademarks and programming on 5 channels which together accounted for close to $155-million and $49-million of revenues and Operating Income in fiscal 2022 ,” said Scotia analyst Maher Yaghi, who. “While Corus will work on backfilling the programming for those channels with other content, the loss of the trademark will likely push many subscribers currently on those channels to turn to other broadcasters/streamers who will end up landing those rights.
Meghan Roach, chief executive of Roots, attributed much of the decline to a fall in the company’s corporate retail store and e-commerce sales, which amounted to $31.4-million, down from $35.4-million a year ago.
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